Liberty Wealth Management LLC Has $8.71 Million Position in International Business Machines Corporation (NYSE:IBM)

Liberty Wealth Management LLC grew its holdings in International Business Machines Corporation (NYSE:IBM - Free Report) by 561.2% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 35,045 shares of the technology company's stock after purchasing an additional 29,745 shares during the quarter. Liberty Wealth Management LLC's holdings in International Business Machines were worth $8,714,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of IBM. Christopher J. Hasenberg Inc acquired a new position in shares of International Business Machines during the first quarter valued at $27,000. SSA Swiss Advisors AG acquired a new position in shares of International Business Machines during the first quarter valued at $28,000. Measured Risk Portfolios Inc. acquired a new position in shares of International Business Machines during the fourth quarter valued at $43,000. Park Square Financial Group LLC acquired a new position in shares of International Business Machines during the fourth quarter valued at $43,000. Finally, Mascagni Wealth Management Inc. acquired a new position in shares of International Business Machines during the fourth quarter valued at $43,000. Institutional investors and hedge funds own 58.96% of the company's stock.

International Business Machines Stock Down 1.2%

Shares of International Business Machines stock opened at $250.03 on Friday. International Business Machines Corporation has a 1 year low of $181.81 and a 1 year high of $296.16. The business has a 50-day moving average of $277.20 and a two-hundred day moving average of $257.36. The company has a market capitalization of $232.38 billion, a P/E ratio of 40.59, a price-to-earnings-growth ratio of 3.86 and a beta of 0.69. The company has a debt-to-equity ratio of 2.00, a current ratio of 0.91 and a quick ratio of 0.87.

International Business Machines (NYSE:IBM - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The technology company reported $2.80 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company's revenue for the quarter was up 7.7% compared to the same quarter last year. During the same period in the prior year, the company earned $2.43 earnings per share. As a group, equities analysts predict that International Business Machines Corporation will post 10.78 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on IBM. Citigroup reaffirmed an "outperform" rating on shares of International Business Machines in a research note on Saturday, May 10th. The Goldman Sachs Group increased their target price on International Business Machines from $270.00 to $310.00 and gave the company a "buy" rating in a research note on Wednesday, July 2nd. Melius Research raised International Business Machines to a "strong-buy" rating in a research note on Monday, July 7th. Wall Street Zen raised International Business Machines from a "hold" rating to a "buy" rating in a research note on Saturday, July 26th. Finally, Royal Bank Of Canada increased their target price on International Business Machines from $285.00 to $315.00 and gave the company an "outperform" rating in a research note on Thursday, July 17th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target 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.

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