International Business Machines Corporation $IBM Stock Holdings Trimmed by Van Hulzen Asset Management LLC

Key Points

• Van Hulzen Asset Management LLC reduced its holdings in IBM by 35.2%, selling 61,869 shares, leaving them with 113,886 shares worth approximately $28.3 million.
• Several hedge funds have increased their stakes in IBM, with Vanguard Group Inc. and Goldman Sachs Group Inc. growing their holdings by 1.4% and 20.8% respectively in the first quarter.
• Wall Street analysts have mixed views on IBM's stock, with recent price target adjustments ranging from $200.00 to $325.00 and a consensus average rating of "Hold."

Van Hulzen Asset Management LLC lessened its holdings in International Business Machines Corporation (NYSE:IBM - Free Report) by 35.2% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 113,886 shares of the technology company's stock after selling 61,869 shares during the period. International Business Machines comprises approximately 2.6% of Van Hulzen Asset Management LLC's holdings, making the stock its 4th biggest holding. Van Hulzen Asset Management LLC's holdings in International Business Machines were worth $28,319,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. grew its holdings in International Business Machines by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 93,137,767 shares of the technology company's stock valued at $23,159,637,000 after purchasing an additional 1,298,515 shares in the last quarter. Northern Trust Corp grew its holdings in International Business Machines by 18.6% during the 4th quarter. Northern Trust Corp now owns 10,845,993 shares of the technology company's stock valued at $2,384,275,000 after purchasing an additional 1,704,209 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in International Business Machines by 9.8% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,112,092 shares of the technology company's stock valued at $1,783,281,000 after purchasing an additional 722,582 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in International Business Machines by 1.0% during the 1st quarter. Ameriprise Financial Inc. now owns 5,516,240 shares of the technology company's stock valued at $1,371,812,000 after purchasing an additional 52,317 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its holdings in International Business Machines by 20.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 5,157,846 shares of the technology company's stock valued at $1,282,550,000 after purchasing an additional 889,008 shares in the last quarter. Hedge funds and other institutional investors own 58.96% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on IBM shares. The Goldman Sachs Group raised their price target on shares of International Business Machines from $270.00 to $310.00 and gave the company a "buy" rating in a report on Wednesday, July 2nd. Erste Group Bank lowered shares of International Business Machines from a "buy" rating to a "hold" rating in a report on Thursday, August 14th. Wedbush raised their price objective on shares of International Business Machines from $300.00 to $325.00 and gave the stock an "outperform" rating in a report on Friday, June 20th. UBS Group raised their price objective on shares of International Business Machines from $195.00 to $200.00 and gave the stock a "sell" rating in a report on Thursday, July 24th. Finally, Stifel Nicolaus raised their price objective on shares of International Business Machines from $290.00 to $310.00 and gave the stock a "buy" rating in a report on Wednesday, July 16th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $268.75.

International Business Machines Trading Down 1.4%

Shares of NYSE:IBM opened at $239.2070 on Friday. The company has a market cap of $222.32 billion, a PE ratio of 38.83, a P/E/G ratio of 3.73 and a beta of 0.69. The company's 50-day moving average price is $270.32 and its 200 day moving average price is $258.17. International Business Machines Corporation has a fifty-two week low of $194.39 and a fifty-two week high of $296.16. 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 the consensus estimate of $2.65 by $0.15. The firm had revenue of $16.98 billion for the quarter, compared to the consensus estimate of $16.58 billion. International Business Machines had a net margin of 9.11% and a return on equity of 37.62%. International Business Machines's quarterly revenue was up 7.7% compared to the same quarter last year. During the same period last year, the firm posted $2.43 EPS. International Business Machines has set its FY 2025 guidance at EPS. Sell-side analysts anticipate that International Business Machines Corporation will post 10.78 earnings per share 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.

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