CW Advisors LLC Acquires 20,244 Shares of International Business Machines Corporation $IBM

Key Points

• CW Advisors LLC significantly increased its holdings in International Business Machines Corporation (IBM) by 93.2%, acquiring an additional 20,244 shares in the first quarter.
• Multiple hedge funds have recently established new stakes in IBM, reflecting heightened institutional interest, with institutional investors currently owning 58.96% of the stock.
• IBM reported earnings of $2.80 per share for its latest quarter, surpassing analysts' expectations, with quarterly revenue increasing by 7.7% compared to the same quarter last year.

CW Advisors LLC lifted its holdings in shares of International Business Machines Corporation (NYSE:IBM - Free Report) by 93.2% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 41,974 shares of the technology company's stock after acquiring an additional 20,244 shares during the quarter. CW Advisors LLC's holdings in International Business Machines were worth $9,545,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Christopher J. Hasenberg Inc acquired a new stake in International Business Machines during the 1st quarter worth approximately $27,000. SSA Swiss Advisors AG acquired a new stake in International Business Machines during the 1st quarter worth approximately $28,000. Dagco Inc. acquired a new stake in International Business Machines during the 1st quarter worth approximately $31,000. Measured Risk Portfolios Inc. acquired a new stake in International Business Machines during the 4th quarter worth approximately $43,000. Finally, Park Square Financial Group LLC acquired a new stake in International Business Machines during the 4th quarter worth approximately $43,000. 58.96% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms recently weighed in on IBM. Wedbush lifted their price target on International Business Machines from $300.00 to $325.00 and gave the stock an "outperform" rating in a report on Friday, June 20th. KGI Securities set a $242.00 price objective on International Business Machines and gave the company a "hold" rating in a report on Thursday, April 24th. UBS Group lifted their price objective on International Business Machines from $195.00 to $200.00 and gave the company a "sell" rating in a report on Thursday, July 24th. BMO Capital Markets boosted their price target on International Business Machines from $260.00 to $300.00 and gave the stock a "market perform" rating in a report on Friday, July 18th. Finally, Morgan Stanley reduced their price objective on International Business Machines from $237.00 to $233.00 and set an "equal weight" rating on the stock in a research note on Thursday, April 24th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has an average rating of "Hold" and an average target price of $268.75.

International Business Machines Trading Down 1.4%

Shares of IBM stock opened at $239.2070 on Friday. The firm has a market capitalization of $222.32 billion, a P/E ratio of 38.83, a P/E/G ratio of 3.73 and a beta of 0.69. International Business Machines Corporation has a twelve month low of $194.39 and a twelve month high of $296.16. The company has a quick ratio of 0.87, a current ratio of 0.91 and a debt-to-equity ratio of 2.00. The stock's fifty day simple moving average is $270.32 and its 200 day simple moving average is $258.17.

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

About International Business Machines

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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