International Business Machines Corporation $IBM is Edgar Lomax Co. VA's 9th Largest Position

Key Points

• Edgar Lomax Co. VA increased its stake in IBM by 5.7%, now holding 235,967 shares, valued at approximately $58.68 million, making it the 9th largest holding in their portfolio.
• Recent analyst ratings for IBM include a buy rating from Wall Street Zen and revised price targets ranging from $233 to $325.
• IBM reported $2.80 EPS for the last quarter, exceeding expectations, with revenues of $16.98 billion, reflecting a 7.7% year-over-year growth.

Edgar Lomax Co. VA grew its holdings in shares of International Business Machines Corporation (NYSE:IBM - Free Report) by 5.7% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 235,967 shares of the technology company's stock after acquiring an additional 12,690 shares during the quarter. International Business Machines accounts for approximately 3.7% of Edgar Lomax Co. VA's holdings, making the stock its 9th biggest holding. Edgar Lomax Co. VA's holdings in International Business Machines were worth $58,676,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. Blue Edge Capital LLC increased its stake in shares of International Business Machines by 0.6% in the 1st quarter. Blue Edge Capital LLC now owns 6,776 shares of the technology company's stock worth $1,685,000 after purchasing an additional 39 shares in the last quarter. Wealth Dimensions Group Ltd. grew its holdings in International Business Machines by 1.0% during the fourth quarter. Wealth Dimensions Group Ltd. now owns 3,972 shares of the technology company's stock valued at $873,000 after purchasing an additional 40 shares during the period. Tacita Capital Inc increased its position in International Business Machines by 20.8% in the first quarter. Tacita Capital Inc now owns 232 shares of the technology company's stock worth $58,000 after buying an additional 40 shares in the last quarter. Pallas Capital Advisors LLC raised its stake in shares of International Business Machines by 0.9% in the first quarter. Pallas Capital Advisors LLC now owns 4,805 shares of the technology company's stock worth $1,195,000 after buying an additional 42 shares during the period. Finally, DMC Group LLC lifted its position in shares of International Business Machines by 1.2% during the 1st quarter. DMC Group LLC now owns 3,517 shares of the technology company's stock valued at $875,000 after buying an additional 42 shares in the last quarter. Hedge funds and other institutional investors own 58.96% of the company's stock.

International Business Machines Price Performance

IBM stock traded up $1.0990 during mid-day trading on Wednesday, hitting $242.3790. The company had a trading volume of 3,236,938 shares, compared to its average volume of 4,748,260. The company has a 50-day moving average price of $271.93 and a 200 day moving average price of $258.43. International Business Machines Corporation has a 12-month low of $194.12 and a 12-month high of $296.16. The company has a market capitalization of $225.27 billion, a price-to-earnings ratio of 39.35, a P/E/G ratio of 3.69 and a beta of 0.69. The company has a quick ratio of 0.87, a current ratio of 0.91 and a debt-to-equity ratio of 2.00.

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 for the quarter, beating analysts' consensus estimates of $2.65 by $0.15. The firm had revenue of $16.98 billion during the quarter, compared to analyst estimates of $16.58 billion. International Business Machines had a return on equity of 37.62% and a net margin of 9.11%.The business's quarterly revenue was up 7.7% compared to the same quarter last year. During the same quarter last year, the business posted $2.43 earnings per share. International Business Machines has set its FY 2025 guidance at EPS. On average, research analysts anticipate that International Business Machines Corporation will post 10.78 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on IBM. Melius Research raised shares of International Business Machines to a "strong-buy" rating in a report on Monday, July 7th. KGI Securities set a $242.00 price objective on shares of International Business Machines and gave the stock a "hold" rating in a research note on Thursday, April 24th. Wall Street Zen upgraded shares of International Business Machines from a "hold" rating to a "buy" rating in a research note on Saturday, July 26th. Bank of America lowered their target price on shares of International Business Machines from $320.00 to $310.00 and set a "buy" rating on the stock in a research note on Thursday, July 24th. Finally, UBS Group increased their price target on International Business Machines from $195.00 to $200.00 and gave the stock a "sell" rating in a research note on Thursday, July 24th. One 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. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $268.75.

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.