International Business Machines Corporation $IBM Position Increased by RPG Investment Advisory LLC

Key Points

• RPG Investment Advisory LLC significantly increased its position in International Business Machines Corporation (IBM), raising its holdings by 100.9% to now own 98,189 shares valued at approximately $24.4 million.
• IBM's recent earnings report showed an EPS of $2.80, exceeding estimates, with quarterly revenue of $16.98 billion reflecting a year-over-year increase of 7.7%.
• Analysts maintain a mixed outlook on IBM, with recent price target upgrades pushing it to a range of $260 to $325, while the average price target stands at $268.75.

RPG Investment Advisory LLC raised its holdings in shares of International Business Machines Corporation (NYSE:IBM - Free Report) by 100.9% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 98,189 shares of the technology company's stock after buying an additional 49,318 shares during the period. International Business Machines comprises approximately 1.7% of RPG Investment Advisory LLC's investment portfolio, making the stock its 23rd biggest position. RPG Investment Advisory LLC's holdings in International Business Machines were worth $24,416,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in IBM. Brighton Jones LLC boosted its holdings in International Business Machines by 12.4% during the fourth quarter. Brighton Jones LLC now owns 21,011 shares of the technology company's stock worth $4,619,000 after buying an additional 2,323 shares in the last quarter. Syon Capital LLC boosted its stake in International Business Machines by 10.6% in the 4th quarter. Syon Capital LLC now owns 1,989 shares of the technology company's stock worth $437,000 after purchasing an additional 190 shares during the period. Burling Wealth Partners LLC acquired a new position in International Business Machines in the 4th quarter worth approximately $769,000. Integrated Wealth Concepts LLC boosted its stake in International Business Machines by 8.9% in the 4th quarter. Integrated Wealth Concepts LLC now owns 49,076 shares of the technology company's stock worth $10,788,000 after purchasing an additional 4,021 shares during the period. Finally, Seven Springs Wealth Group LLC acquired a new position in International Business Machines in the 4th quarter worth approximately $283,000. 58.96% of the stock is currently owned by institutional investors.

International Business Machines Stock Performance

Shares of IBM opened at $239.2070 on Friday. The company has a market capitalization of $222.32 billion, a PE ratio of 38.83, a price-to-earnings-growth ratio of 3.73 and a beta of 0.69. International Business Machines Corporation has a one year low of $194.39 and a one year high of $296.16. The company has a debt-to-equity ratio of 2.00, a current ratio of 0.91 and a quick ratio of 0.87. The company's fifty day moving average price is $270.32 and its 200 day moving average price is $258.17.

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

Analyst Upgrades and Downgrades

IBM has been the subject of a number of recent analyst reports. BMO Capital Markets raised their price objective on shares of International Business Machines from $260.00 to $300.00 and gave the stock a "market perform" rating in a research note on Friday, July 18th. Wedbush raised their price objective on shares of International Business Machines from $300.00 to $325.00 and gave the stock an "outperform" rating in a research note on Friday, June 20th. Citigroup reaffirmed an "outperform" rating on shares of International Business Machines in a research note on Saturday, May 10th. KGI Securities set a $242.00 target price on shares of International Business Machines and gave the company a "hold" rating in a research note on Thursday, April 24th. Finally, Erste Group Bank lowered shares of International Business Machines from a "buy" rating to a "hold" rating in a research note on Thursday, August 14th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and an average 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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