MetLife Investment Management LLC Sells 4,579 Shares of International Business Machines Corporation $IBM

Key Points

• MetLife Investment Management reduced its stake in IBM by 1.9%, selling 4,579 shares, and now holds 240,035 shares worth approximately $59.7 million.
• Several institutional investors have recently acquired stakes in IBM, contributing to a total of 58.96% of the stock being owned by such investors.
• IBM reported a 7.7% year-over-year increase in revenue, with Q2 earnings surpassing expectations at $2.80 per share against a consensus estimate of $2.65.

MetLife Investment Management LLC reduced its stake in International Business Machines Corporation (NYSE:IBM - Free Report) by 1.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 240,035 shares of the technology company's stock after selling 4,579 shares during the quarter. MetLife Investment Management LLC's holdings in International Business Machines were worth $59,687,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in IBM. Christopher J. Hasenberg Inc bought a new stake in International Business Machines in the 1st quarter valued at $27,000. SSA Swiss Advisors AG bought a new stake in International Business Machines in the 1st quarter valued at $28,000. Dagco Inc. bought a new stake in International Business Machines in the 1st quarter valued at $31,000. Measured Risk Portfolios Inc. bought a new stake in International Business Machines in the 4th quarter valued at $43,000. Finally, Park Square Financial Group LLC bought a new stake in International Business Machines in the 4th quarter valued at $43,000. 58.96% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

IBM has been the topic of several research reports. Wedbush boosted their price objective on shares of International Business Machines from $300.00 to $325.00 and gave the company an "outperform" rating in a research report on Friday, June 20th. BMO Capital Markets lifted their price target on shares of International Business Machines from $260.00 to $300.00 and gave the company a "market perform" rating in a research note on Friday, July 18th. Royal Bank Of Canada lifted their price target on shares of International Business Machines from $285.00 to $315.00 and gave the company an "outperform" rating in a research note on Thursday, July 17th. The Goldman Sachs Group lifted their price target on shares of International Business Machines from $270.00 to $310.00 and gave the company a "buy" rating in a research note on Wednesday, July 2nd. Finally, Citigroup reiterated an "outperform" rating on shares of International Business Machines in a research note on Saturday, May 10th. One 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 company. According to MarketBeat, International Business Machines currently has an average rating of "Hold" and a consensus price target of $268.75.

International Business Machines Stock Up 1.0%

International Business Machines stock opened at $241.6890 on Friday. The firm has a market capitalization of $224.63 billion, a PE ratio of 39.24, a P/E/G ratio of 3.73 and a beta of 0.69. The company's 50-day moving average is $269.61 and its 200-day moving average is $257.98. 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 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 released its quarterly earnings data on Wednesday, July 23rd. The technology company reported $2.80 earnings per share for the quarter, topping the consensus estimate of $2.65 by $0.15. The company had revenue of $16.98 billion for the quarter, compared to analyst estimates 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 revenue for the quarter was up 7.7% compared to the same quarter last year. During the same period in the previous year, the business earned $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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