International Business Machines Corporation $IBM Holdings Trimmed by Groupama Asset Managment

Key Points

• Groupama Asset Management reduced its stake in International Business Machines Corporation (IBM) by 23.5% during the first quarter, resulting in holdings worth approximately $1.24 million.
• Various institutional investors are active in IBM, with Vanguard Group increasing its position by 1.4% to own over 93 million shares, while Goldman Sachs raised its holdings by 20.8%.
• IBM's stock price opened at $242.38, and the company reported earnings of $2.80 per share in its latest quarterly results, exceeding expectations and indicating a 7.7% revenue growth year-over-year.

Groupama Asset Managment trimmed its position in shares of International Business Machines Corporation (NYSE:IBM - Free Report) by 23.5% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 5,075 shares of the technology company's stock after selling 1,561 shares during the period. Groupama Asset Managment's holdings in International Business Machines were worth $1,238,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in International Business Machines by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 93,137,767 shares of the technology company's stock worth $23,159,637,000 after purchasing an additional 1,298,515 shares in the last quarter. Northern Trust Corp grew its holdings in shares of International Business Machines by 18.6% during the 4th quarter. Northern Trust Corp now owns 10,845,993 shares of the technology company's stock valued at $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 grew its holdings in shares of International Business Machines by 9.8% during 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 valued at $1,783,281,000 after acquiring an additional 722,582 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of International Business Machines by 20.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 5,157,846 shares of the technology company's stock valued at $1,282,550,000 after acquiring an additional 889,008 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of International Business Machines by 0.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 5,108,455 shares of the technology company's stock valued at $1,270,022,000 after acquiring an additional 24,790 shares in the last quarter. 58.96% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently commented on IBM. Royal Bank Of Canada boosted their price target on shares of International Business Machines from $285.00 to $315.00 and gave the company an "outperform" rating in a report on Thursday, July 17th. Erste Group Bank cut shares of International Business Machines from a "buy" rating to a "hold" rating in a report on Thursday, August 14th. Melius Research upgraded shares of International Business Machines to a "strong-buy" rating in a report on Monday, July 7th. Bank of America lowered their price target on shares of International Business Machines from $320.00 to $310.00 and set a "buy" rating on the stock in a report on Thursday, July 24th. Finally, JPMorgan Chase & Co. boosted their price target on shares of International Business Machines from $244.00 to $290.00 and gave the company a "neutral" rating in a report on Thursday, July 24th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, International Business Machines presently has an average rating of "Hold" and a consensus price target of $268.75.

International Business Machines Stock Up 0.5%

IBM stock opened at $242.3790 on Thursday. 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 1 year low of $194.12 and a 1 year high of $296.16. The company has a fifty day simple moving average of $271.15 and a 200 day simple moving average of $258.32. The firm has a market cap of $225.27 billion, a PE ratio of 39.35, a PEG ratio of 3.71 and a beta of 0.69.

International Business Machines (NYSE:IBM - Get Free Report) last released its quarterly earnings data on Wednesday, July 23rd. The technology company reported $2.80 earnings per share (EPS) for the quarter, beating 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 business had revenue of $16.98 billion during the quarter, compared to analyst estimates of $16.58 billion. During the same quarter in the previous year, the business earned $2.43 EPS. International Business Machines's quarterly revenue was up 7.7% compared to the same quarter last year. International Business Machines has set its FY 2025 guidance at EPS. Sell-side analysts anticipate that International Business Machines Corporation will post 10.78 EPS for the current fiscal year.

International Business Machines Company 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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