Brooklyn Investment Group Has $1.65 Million Stake in International Business Machines Corporation $IBM

Key Points

• BROOKLYN INVESTMENT GROUP increased its holdings in IBM shares by 32.7%, owning 6,622 shares worth $1,647,000 by the end of the first quarter.
• Institutional investors and hedge funds now control 58.96% of IBM's stock, reflecting significant interest from large financial entities.
• IBM reported $2.80 earnings per share for the last quarter, exceeding analysts' estimates of $2.65, with a revenue of $16.98 billion.

Brooklyn Investment Group increased its stake in shares of International Business Machines Corporation (NYSE:IBM - Free Report) by 32.7% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,622 shares of the technology company's stock after buying an additional 1,630 shares during the quarter. Brooklyn Investment Group's holdings in International Business Machines were worth $1,647,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. MinichMacGregor Wealth Management LLC bought a new stake in shares of International Business Machines during the first quarter worth $396,000. Left Brain Wealth Management LLC grew its stake in International Business Machines by 1,547.8% in the first quarter. Left Brain Wealth Management LLC now owns 17,664 shares of the technology company's stock valued at $4,392,000 after acquiring an additional 16,592 shares during the period. Alpha Cubed Investments LLC grew its stake in International Business Machines by 47.0% in the first quarter. Alpha Cubed Investments LLC now owns 7,507 shares of the technology company's stock valued at $1,867,000 after acquiring an additional 2,399 shares during the period. Wedbush Securities Inc. boosted its position in shares of International Business Machines by 5.6% during the first quarter. Wedbush Securities Inc. now owns 62,067 shares of the technology company's stock worth $15,434,000 after buying an additional 3,276 shares during the period. Finally, Nationale Nederlanden Powszechne Towarzystwo Emerytalne S.A. acquired a new position in shares of International Business Machines during the first quarter worth about $4,608,000. Institutional investors own 58.96% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on IBM. Melius Research raised International Business Machines to a "strong-buy" rating in a research report on Monday, July 7th. Citigroup reissued an "outperform" rating on shares of International Business Machines in a research report on Saturday, May 10th. UBS Group increased their price target 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. Jefferies Financial Group restated a "hold" rating on shares of International Business Machines in a research note on Wednesday, April 23rd. Finally, BMO Capital Markets upped their price objective on International Business Machines from $260.00 to $300.00 and gave the company a "market perform" rating in a research note on Friday, July 18th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, nine have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $268.75.

International Business Machines Price Performance

International Business Machines stock traded down $3.7560 during mid-day trading on Thursday, reaching $238.7940. 1,431,784 shares of the company were exchanged, compared to its average volume of 4,726,774. The company has a fifty day simple moving average of $271.15 and a 200-day simple moving average of $258.32. International Business Machines Corporation has a 12 month low of $194.39 and a 12 month 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 firm has a market cap of $221.94 billion, a PE ratio of 38.76, a PEG ratio of 3.71 and a beta of 0.69.

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