LaSalle St. Investment Advisors LLC Makes New Investment in International Business Machines Corporation (NYSE:IBM)

Key Points

• LaSalle St. Investment Advisors LLC acquired a new stake in International Business Machines Corporation (IBM) valued at approximately $828,000 in the first quarter, purchasing 3,333 shares.
• Recent earnings report showed IBM's EPS of $2.80, exceeding estimates and reflecting a 7.7% year-over-year revenue growth to $16.98 billion.
• Research analysts currently have a consensus price target of $268.75 for IBM, with ratings ranging from sell to strong buy, indicating mixed investor sentiment.

LaSalle St. Investment Advisors LLC purchased a new position in International Business Machines Corporation (NYSE:IBM - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 3,333 shares of the technology company's stock, valued at approximately $828,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Christopher J. Hasenberg Inc bought a new position in shares of International Business Machines in the first quarter worth approximately $27,000. SSA Swiss Advisors AG bought a new stake in shares of International Business Machines during the first quarter valued at approximately $28,000. Harel Insurance Investments & Financial Services Ltd. purchased a new position in International Business Machines in the 1st quarter worth approximately $45,000. Park Square Financial Group LLC bought a new position in International Business Machines in the 4th quarter valued at approximately $43,000. Finally, Park Place Capital Corp boosted its stake in International Business Machines by 42.6% during the 1st quarter. Park Place Capital Corp now owns 194 shares of the technology company's stock valued at $48,000 after purchasing an additional 58 shares during the last quarter. Hedge funds and other institutional investors own 58.96% of the company's stock.

Wall Street Analysts Forecast Growth

IBM has been the subject of several recent analyst reports. Melius Research upgraded International Business Machines to a "strong-buy" rating in a research note on Monday, July 7th. The Goldman Sachs Group lifted their price objective on International Business Machines from $270.00 to $310.00 and gave the stock a "buy" rating in a report on Wednesday, July 2nd. Morgan Stanley lowered their target price on shares of International Business Machines from $237.00 to $233.00 and set an "equal weight" rating on the stock in a research note on Thursday, April 24th. Royal Bank Of Canada raised their target price on shares of International Business Machines from $285.00 to $315.00 and gave the stock an "outperform" rating in a report on Thursday, July 17th. Finally, Wedbush lifted 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 research analyst has rated the stock with a sell rating, eight have assigned a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $268.75.

International Business Machines Stock Performance

NYSE:IBM traded down $8.28 during mid-day trading on Friday, hitting $241.88. 6,821,307 shares of the company traded hands, compared to its average volume of 5,876,410. The company has a quick ratio of 0.87, a current ratio of 0.91 and a debt-to-equity ratio of 2.00. The stock's fifty day moving average price is $276.14 and its 200-day moving average price is $258.01. The firm has a market cap of $224.80 billion, a price-to-earnings ratio of 39.27, a price-to-earnings-growth ratio of 3.86 and a beta of 0.69. International Business Machines Corporation has a one year low of $189.00 and a one year high of $296.16.

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 analysts' consensus estimates of $2.65 by $0.15. The company had revenue of $16.98 billion during 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 firm's revenue was up 7.7% on a year-over-year basis. During the same period in the previous year, the company posted $2.43 EPS. Research analysts anticipate that International Business Machines Corporation will post 10.78 earnings per share for the current fiscal year.

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.