International Business Machines Corporation $IBM Stock Holdings Increased by Brooklyn Investment Group

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

Several other hedge funds and other institutional investors have also made changes to their positions in IBM. MinichMacGregor Wealth Management LLC purchased a new stake in International Business Machines during the 1st quarter worth $396,000. Left Brain Wealth Management LLC increased its stake in International Business Machines by 1,547.8% during the 1st quarter. Left Brain Wealth Management LLC now owns 17,664 shares of the technology company's stock worth $4,392,000 after buying an additional 16,592 shares during the period. Alpha Cubed Investments LLC increased its stake in International Business Machines by 47.0% during the 1st quarter. Alpha Cubed Investments LLC now owns 7,507 shares of the technology company's stock worth $1,867,000 after buying an additional 2,399 shares during the period. Wedbush Securities Inc. increased its stake in International Business Machines by 5.6% during the 1st 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. purchased a new stake in International Business Machines during the 1st quarter worth $4,608,000. Institutional investors and hedge funds own 58.96% of the company's stock.

Wall Street Analysts Forecast Growth

IBM has been the subject of several research analyst reports. Citigroup reissued an "outperform" rating on shares of International Business Machines in a research report on Saturday, May 10th. KGI Securities set a $242.00 target price on shares of International Business Machines and gave the stock a "hold" rating in a research report on Thursday, April 24th. Erste Group Bank downgraded shares of International Business Machines from a "buy" rating to a "hold" rating in a research report on Thursday, August 14th. Royal Bank Of Canada boosted their target price on shares of International Business Machines from $285.00 to $315.00 and gave the stock an "outperform" rating in a research report on Thursday, July 17th. Finally, Wedbush boosted their target price on shares of International Business Machines from $300.00 to $325.00 and gave the stock an "outperform" rating in a research report on Friday, June 20th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, nine have assigned a Hold rating and one has given 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.

International Business Machines Price Performance

Shares of NYSE:IBM traded up $1.56 during trading on Tuesday, reaching $241.01. The company had a trading volume of 3,326,044 shares, compared to its average volume of 6,874,461. The firm's fifty day moving average is $272.63 and its 200 day moving average is $258.55. The firm has a market capitalization of $223.99 billion, a PE ratio of 39.13, a price-to-earnings-growth ratio of 3.69 and a beta of 0.69. International Business Machines Corporation has a twelve month low of $193.75 and a twelve month high of $296.16. The company has a debt-to-equity ratio of 2.00, a quick ratio of 0.87 and a current ratio of 0.91.

International Business Machines (NYSE:IBM - Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The technology company reported $2.80 earnings per share for the quarter, topping analysts' consensus estimates of $2.65 by $0.15. The company had revenue of $16.98 billion during the quarter, compared to analyst estimates 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 revenue for the quarter was up 7.7% compared to the same quarter last year. During the same period in the prior year, the business posted $2.43 EPS. International Business Machines has set its FY 2025 guidance at EPS. On average, equities analysts forecast that International Business Machines Corporation will post 10.78 EPS for the current year.

International Business Machines 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.