Candriam S.C.A. Decreases Holdings in International Business Machines Corporation $IBM

Key Points

• Candriam S.C.A. decreased its holdings in International Business Machines Corporation (IBM) by 2.8% during the first quarter, reducing their share count to 117,429, valued at approximately $29.2 million.
• Institutional investors now own 58.96% of IBM's stock, with various funds adjusting their positions in the company during the same period.
• IBM reported earnings of $2.80 per share for the last quarter, surpassing estimates and showing a year-over-year revenue increase of 7.7%.

Candriam S.C.A. cut its holdings in shares of International Business Machines Corporation (NYSE:IBM - Free Report) by 2.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 117,429 shares of the technology company's stock after selling 3,403 shares during the quarter. Candriam S.C.A.'s holdings in International Business Machines were worth $29,200,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Blue Edge Capital LLC grew its position in shares of International Business Machines by 0.6% during the first quarter. Blue Edge Capital LLC now owns 6,776 shares of the technology company's stock worth $1,685,000 after purchasing an additional 39 shares in the last quarter. Tacita Capital Inc grew its holdings in International Business Machines by 20.8% during the 1st quarter. Tacita Capital Inc now owns 232 shares of the technology company's stock valued at $58,000 after buying an additional 40 shares in the last quarter. Pallas Capital Advisors LLC grew its holdings in International Business Machines by 0.9% during the 1st quarter. Pallas Capital Advisors LLC now owns 4,805 shares of the technology company's stock valued at $1,195,000 after buying an additional 42 shares in the last quarter. DMC Group LLC grew its holdings in International Business Machines by 1.2% during the 1st quarter. DMC Group LLC now owns 3,517 shares of the technology company's stock valued at $875,000 after buying an additional 42 shares in the last quarter. Finally, Fidato Wealth LLC grew its holdings in International Business Machines by 2.4% during the 1st quarter. Fidato Wealth LLC now owns 1,824 shares of the technology company's stock valued at $454,000 after buying an additional 42 shares in the last quarter. Institutional investors own 58.96% of the company's stock.

International Business Machines Price Performance

Shares of IBM stock opened at $242.3790 on Thursday. International Business Machines Corporation has a 1-year low of $194.12 and a 1-year high of $296.16. The stock's 50-day moving average is $271.15 and its 200 day moving average is $258.32. The company has a market cap of $225.27 billion, a P/E ratio of 39.35, a PEG ratio of 3.71 and a beta of 0.69. The company has a debt-to-equity ratio of 2.00, a current ratio of 0.91 and a quick ratio of 0.87.

International Business Machines (NYSE:IBM - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The technology company reported $2.80 earnings per share for the quarter, topping the consensus estimate of $2.65 by $0.15. International Business Machines had a return on equity of 37.62% and a net margin of 9.11%.The firm had revenue of $16.98 billion for the quarter, compared to the consensus estimate of $16.58 billion. During the same period in the previous year, the business earned $2.43 EPS. The firm's revenue for the quarter was up 7.7% on a year-over-year basis. International Business Machines has set its FY 2025 guidance at EPS. Research analysts predict that International Business Machines Corporation will post 10.78 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have weighed in on IBM. BMO Capital Markets raised their price target on International Business Machines from $260.00 to $300.00 and gave the company a "market perform" rating in a report on Friday, July 18th. The Goldman Sachs Group raised their price target on International Business Machines from $270.00 to $310.00 and gave the stock a "buy" rating in a research note on Wednesday, July 2nd. JPMorgan Chase & Co. raised their price target on International Business Machines from $244.00 to $290.00 and gave the stock a "neutral" rating in a research note on Thursday, July 24th. Morgan Stanley decreased their price target on International Business Machines from $237.00 to $233.00 and set an "equal weight" rating for the company in a research note on Thursday, April 24th. Finally, Melius Research upgraded International Business Machines to a "strong-buy" rating in a report on Monday, July 7th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $268.75.

International Business Machines Profile

International Business Machines Corporation, together with its subsidiaries, provides integrated solutions and services worldwide. The company operates through Software, Consulting, Infrastructure, and Financing segments. The Software segment offers a hybrid cloud and AI platforms that allows clients to realize their digital and AI transformations across the applications, data, and environments in which they operate.

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