Howland Capital Management LLC Grows Stock Holdings in International Business Machines Corporation (NYSE:IBM)

Key Points

• Howland Capital Management LLC significantly increased its position in International Business Machines Corporation by 68.5% during the first quarter, bringing its total holdings to 12,708 shares worth approximately $3.2 million.
• Various institutional investors, including Pasadena Private Wealth LLC and Empirical Financial Services LLC, also expanded their stakes in IBM, reflecting a growing institutional interest in the company.
• Analysts have raised their price targets for IBM, with the current consensus indicating a Moderate Buy rating and an average target price of $268.75.

Howland Capital Management LLC raised its stake in International Business Machines Corporation (NYSE:IBM - Free Report) by 68.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,708 shares of the technology company's stock after buying an additional 5,164 shares during the period. Howland Capital Management LLC's holdings in International Business Machines were worth $3,160,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Capital World Investors boosted its position in International Business Machines by 413.5% during the 4th quarter. Capital World Investors now owns 11,984,609 shares of the technology company's stock valued at $2,634,577,000 after buying an additional 9,650,534 shares during the period. Northern Trust Corp increased its stake in shares of International Business Machines by 18.6% in the 4th quarter. Northern Trust Corp now owns 10,845,993 shares of the technology company's stock worth $2,384,275,000 after acquiring an additional 1,704,209 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of International Business Machines by 9.8% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,112,092 shares of the technology company's stock worth $1,783,281,000 after acquiring an additional 722,582 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of International Business Machines by 2.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 5,083,665 shares of the technology company's stock worth $1,117,548,000 after acquiring an additional 99,510 shares in the last quarter. Finally, GAMMA Investing LLC increased its stake in International Business Machines by 29,564.2% during the 1st quarter. GAMMA Investing LLC now owns 4,399,790 shares of the technology company's stock valued at $10,940,520,000 after purchasing an additional 4,384,958 shares in the last quarter. Institutional investors own 58.96% of the company's stock.

International Business Machines Trading Down 1.2%

Shares of NYSE IBM traded down $3.12 during mid-day trading on Friday, reaching $250.03. The company had a trading volume of 9,664,181 shares, compared to its average volume of 5,033,579. The company has a current ratio of 0.91, a quick ratio of 0.87 and a debt-to-equity ratio of 2.00. International Business Machines Corporation has a 52 week low of $181.81 and a 52 week high of $296.16. The business's 50-day moving average is $277.20 and its 200-day moving average is $257.11. The stock has a market cap of $232.38 billion, a price-to-earnings ratio of 40.59, a price-to-earnings-growth ratio of 3.91 and a beta of 0.69.

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

Wall Street Analyst Weigh In

A number of brokerages have recently commented on IBM. KGI Securities set a $242.00 price target on shares of International Business Machines and gave the stock a "hold" rating in a research note on Thursday, April 24th. Morgan Stanley decreased their price target on International Business Machines from $237.00 to $233.00 and set an "equal weight" rating on the stock in a report on Thursday, April 24th. Jefferies Financial Group reissued a "hold" rating on shares of International Business Machines in a report on Wednesday, April 23rd. Citigroup reissued an "outperform" rating on shares of International Business Machines in a report on Saturday, May 10th. Finally, The Goldman Sachs Group upped their price target on shares of International Business Machines from $270.00 to $310.00 and gave the company a "buy" rating in a research note on Wednesday, July 2nd. One analyst has rated the stock with a sell rating, eight have issued a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, International Business Machines has a consensus rating of "Moderate Buy" and a consensus target price of $268.75.

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.