International Business Machines Corporation $IBM is WealthTrust Axiom LLC's 3rd Largest Position

Key Points

• WealthTrust Axiom LLC reduced its stake in International Business Machines Corporation (IBM) by 5.1%, making it the firm's 3rd largest position, valued at around $12.27 million.
• IBM reported earnings of $2.80 per share for the last quarter, exceeding the consensus estimate by $0.15, and a revenue of $16.98 billion, up 7.7% year-over-year.
• Recent analyst ratings for IBM show mixed perspectives, with one "strong buy," several "buy" ratings, and a consensus price target of $268.75.

WealthTrust Axiom LLC lessened its stake in International Business Machines Corporation (NYSE:IBM - Free Report) by 5.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 49,357 shares of the technology company's stock after selling 2,641 shares during the quarter. International Business Machines accounts for approximately 3.7% of WealthTrust Axiom LLC's holdings, making the stock its 3rd biggest position. WealthTrust Axiom LLC's holdings in International Business Machines were worth $12,273,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Christopher J. Hasenberg Inc bought a new stake in International Business Machines in the 1st quarter worth about $27,000. SSA Swiss Advisors AG bought a new stake in International Business Machines in the 1st quarter worth about $28,000. Dagco Inc. bought a new stake in International Business Machines in the 1st quarter worth about $31,000. Measured Risk Portfolios Inc. bought a new stake in International Business Machines in the 4th quarter worth about $43,000. Finally, Park Square Financial Group LLC bought a new stake in International Business Machines in the 4th quarter worth about $43,000. 58.96% of the stock is currently owned by institutional investors.

International Business Machines Stock Up 1.0%

Shares of IBM opened at $241.6890 on Monday. The stock has a market capitalization of $224.63 billion, a price-to-earnings ratio of 39.24, a price-to-earnings-growth ratio of 3.73 and a beta of 0.69. International Business Machines Corporation has a 1 year low of $194.39 and a 1 year high of $296.16. The business's 50 day simple moving average is $269.61 and its 200-day simple moving average is $258.01. 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 issued its quarterly earnings data 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. The business had revenue of $16.98 billion for the quarter, compared to analysts' expectations of $16.58 billion. International Business Machines had a return on equity of 37.62% and a net margin of 9.11%.The company's revenue for the quarter was up 7.7% on a year-over-year basis. During the same period in the prior year, the firm earned $2.43 EPS. International Business Machines has set its FY 2025 guidance at EPS. As a group, equities analysts expect that International Business Machines Corporation will post 10.78 earnings per share for the current fiscal year.

Analyst Ratings Changes

IBM has been the subject of a number of recent research reports. Erste Group Bank downgraded International Business Machines from a "buy" rating to a "hold" rating in a research note on Thursday, August 14th. Melius Research upgraded International Business Machines to a "strong-buy" rating in a research note on Monday, July 7th. BMO Capital Markets lifted their price objective on International Business Machines from $260.00 to $300.00 and gave the company a "market perform" rating in a research report on Friday, July 18th. 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 research report on Thursday, July 24th. Finally, Wedbush lifted their price objective on International Business Machines from $300.00 to $325.00 and gave the company an "outperform" rating in a research report on Friday, June 20th. One investment 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 stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target 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.

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