International Business Machines Corporation $IBM Shares Acquired by Erste Asset Management GmbH

Key Points

• Erste Asset Management GmbH increased its stake in IBM by 13.3%, acquiring an additional 22,401 shares, bringing its total to 190,770 shares valued at approximately $46.56 million.
• IBM reported quarterly earnings of $2.80 per share, surpassing estimates by $0.15, and demonstrated a revenue increase of 7.7% year-over-year, amounting to $16.98 billion.
• Analysts have varied opinions on IBM, with price targets ranging from $200 to $315, reflecting a consensus "Hold" rating and a target average price of $268.75.

Erste Asset Management GmbH lifted its holdings in International Business Machines Corporation (NYSE:IBM - Free Report) by 13.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 190,770 shares of the technology company's stock after buying an additional 22,401 shares during the period. Erste Asset Management GmbH's holdings in International Business Machines were worth $46,561,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Christopher J. Hasenberg Inc acquired a new stake in shares of International Business Machines in the first quarter valued at approximately $27,000. SSA Swiss Advisors AG acquired a new stake in International Business Machines during the first quarter worth $28,000. Dagco Inc. purchased a new stake in International Business Machines in the first quarter valued at $31,000. Measured Risk Portfolios Inc. acquired a new position in shares of International Business Machines in the 4th quarter valued at $43,000. Finally, Park Square Financial Group LLC purchased a new position in shares of International Business Machines during the 4th quarter worth $43,000. Institutional investors and hedge funds own 58.96% of the company's stock.

International Business Machines Price Performance

Shares of NYSE:IBM opened at $241.01 on Wednesday. International Business Machines Corporation has a one year low of $193.75 and a one year high of $296.16. The stock has a market cap 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. The business's fifty day moving average price is $271.93 and its two-hundred day moving average price is $258.43. 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 announced 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 for the quarter, compared to the consensus estimate of $16.58 billion. During the same quarter in the prior year, the firm posted $2.43 earnings per share. The company'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. On average, analysts forecast that International Business Machines Corporation will post 10.78 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on IBM shares. Stifel Nicolaus boosted their price objective on shares of International Business Machines from $290.00 to $310.00 and gave the company a "buy" rating in a report on Wednesday, July 16th. 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 note on Thursday, July 24th. KGI Securities set a $242.00 price objective on International Business Machines and gave the company a "hold" rating in a report on Thursday, April 24th. Royal Bank Of Canada raised their price objective on shares of International Business Machines from $285.00 to $315.00 and gave the company an "outperform" rating in a research note on Thursday, July 17th. Finally, Erste Group Bank lowered International Business Machines from a "buy" rating to a "hold" rating in a research report on Thursday, August 14th. One equities 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's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $268.75.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.