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Mizuho Securities USA LLC Trims Holdings in International Business Machines Corporation (NYSE:IBM)

International Business Machines logo with Computer and Technology background

Key Points

  • Mizuho Securities USA LLC has reduced its stake in IBM by 15.5%, selling 13,599 shares, resulting in total holdings of 74,036 shares worth approximately $18.41 million.
  • The company's recent earnings report revealed $2.80 earnings per share, exceeding analyst expectations, with revenue of $16.98 billion, a 7.7% increase year-over-year.
  • IBM has received a mix of ratings from analysts, ranging from "sell" to "strong buy," with an average rating of "Moderate Buy" and a price target of $268.75.
  • Want stock alerts on International Business Machines? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

Mizuho Securities USA LLC lowered its position in International Business Machines Corporation (NYSE:IBM - Free Report) by 15.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 74,036 shares of the technology company's stock after selling 13,599 shares during the period. Mizuho Securities USA LLC's holdings in International Business Machines were worth $18,410,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in International Business Machines by 1.4% in the first quarter. Vanguard Group Inc. now owns 93,137,767 shares of the technology company's stock worth $23,159,637,000 after acquiring an additional 1,298,515 shares in the last quarter. Capital World Investors lifted its holdings in shares of International Business Machines by 413.5% in the fourth quarter. Capital World Investors now owns 11,984,609 shares of the technology company's stock valued at $2,634,577,000 after purchasing an additional 9,650,534 shares in the last quarter. Northern Trust Corp lifted its holdings in shares of International Business Machines by 18.6% in the fourth 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 lifted its holdings in shares of International Business Machines by 9.8% in the fourth 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. Finally, Goldman Sachs Group Inc. lifted its holdings in shares of International Business Machines by 20.8% in the first 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. Institutional investors own 58.96% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Royal Bank Of Canada raised their target price on International Business Machines from $285.00 to $315.00 and gave the company an "outperform" rating in a report on Thursday, July 17th. The Goldman Sachs Group raised their target price on International Business Machines from $270.00 to $310.00 and gave the company a "buy" rating in a report on Wednesday, July 2nd. Wall Street Zen upgraded International Business Machines from a "hold" rating to a "buy" rating in a report on Saturday, July 26th. Melius Research upgraded International Business Machines to a "strong-buy" rating in a report on Monday, July 7th. Finally, JPMorgan Chase & Co. lifted their price target on International Business Machines from $244.00 to $290.00 and gave the stock a "neutral" rating in a report on Thursday, July 24th. 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 assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $268.75.

Read Our Latest Analysis on International Business Machines

International Business Machines Stock Performance

NYSE:IBM traded down $8.28 during trading hours on Friday, reaching $241.88. The stock had a trading volume of 6,821,307 shares, compared to its average volume of 5,876,410. The company has a debt-to-equity ratio of 2.00, a quick ratio of 0.87 and a current ratio of 0.91. The stock has a 50 day simple moving average of $276.14 and a 200 day simple moving average of $258.25. International Business Machines Corporation has a 12-month low of $189.00 and a 12-month high of $296.16. The stock has a market cap of $224.80 billion, a P/E ratio of 39.27, a price-to-earnings-growth ratio of 3.74 and a beta of 0.69.

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 for the quarter, beating the consensus estimate of $2.65 by $0.15. The company had revenue of $16.98 billion during the quarter, compared to analysts' expectations 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 quarterly revenue was up 7.7% compared to the same quarter last year. During the same period in the previous year, the business earned $2.43 earnings per share. On average, research analysts forecast that International Business Machines Corporation will post 10.78 EPS for the current fiscal year.

International Business Machines Profile

(Free Report)

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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Institutional Ownership by Quarter for International Business Machines (NYSE:IBM)

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