International Business Machines Corporation $IBM Shares Purchased by Norinchukin Bank The

Key Points

• Norinchukin Bank increased its holdings in IBM by 12.6% in Q1, now owning 57,298 shares valued at approximately $14.25 million.
• IBM's most recent earnings report revealed an EPS of $2.80, exceeding analyst expectations, with revenue increasing by 7.7% year-over-year.
• Several analysts have raised their price targets for IBM stock, with JPMorgan lifting it from $244 to $290 and BMO increasing it from $260 to $300.

Norinchukin Bank The grew its holdings in shares of International Business Machines Corporation (NYSE:IBM - Free Report) by 12.6% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 57,298 shares of the technology company's stock after purchasing an additional 6,402 shares during the period. Norinchukin Bank The's holdings in International Business Machines were worth $14,248,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Brighton Jones LLC grew its holdings in shares of International Business Machines by 12.4% during the fourth quarter. Brighton Jones LLC now owns 21,011 shares of the technology company's stock valued at $4,619,000 after purchasing an additional 2,323 shares during the last quarter. MGO One Seven LLC grew its stake in International Business Machines by 5.3% during the 4th quarter. MGO One Seven LLC now owns 26,344 shares of the technology company's stock worth $5,791,000 after buying an additional 1,319 shares during the last quarter. Syon Capital LLC increased its position in International Business Machines by 10.6% in the fourth quarter. Syon Capital LLC now owns 1,989 shares of the technology company's stock worth $437,000 after buying an additional 190 shares during the period. Evercore Wealth Management LLC lifted its stake in International Business Machines by 3.3% in the fourth quarter. Evercore Wealth Management LLC now owns 54,783 shares of the technology company's stock valued at $12,043,000 after buying an additional 1,740 shares during the last quarter. Finally, Burling Wealth Partners LLC acquired a new position in shares of International Business Machines during the fourth quarter valued at $769,000. 58.96% of the stock is currently owned by institutional investors.

International Business Machines Stock Performance

IBM opened at $242.3790 on Thursday. The business has a 50 day moving average price of $271.15 and a two-hundred day moving average price of $258.32. 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 has a market capitalization of $225.27 billion, a price-to-earnings ratio of 39.35, a price-to-earnings-growth ratio of 3.71 and a beta of 0.69. International Business Machines Corporation has a 1-year low of $194.12 and a 1-year high of $296.16.

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. The company had revenue of $16.98 billion for the quarter, compared to the consensus estimate of $16.58 billion. International Business Machines had a return on equity of 37.62% and a net margin of 9.11%.The company's quarterly revenue was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.43 EPS. International Business Machines has set its FY 2025 guidance at EPS. Research analysts predict that International Business Machines Corporation will post 10.78 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on IBM shares. JPMorgan Chase & Co. lifted their price objective on shares of International Business Machines from $244.00 to $290.00 and gave the company a "neutral" rating in a research report on Thursday, July 24th. Melius Research upgraded shares of International Business Machines to a "strong-buy" rating in a research note on Monday, July 7th. Citigroup reiterated an "outperform" rating on shares of International Business Machines in a research report on Saturday, May 10th. BMO Capital Markets increased their price objective on International Business Machines from $260.00 to $300.00 and gave the stock a "market perform" rating in a report on Friday, July 18th. Finally, Bank of America cut their target price on 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. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price 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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