Northwest & Ethical Investments L.P. Takes Position in International Business Machines Corporation $IBM

Key Points

• Northwest & Ethical Investments L.P. has invested approximately $451,000 in 1,817 shares of International Business Machines Corporation (IBM) during the first quarter of the year.
• IBM's stock has received mixed analyst ratings, with a current average rating of "Hold" and a price target consensus of $268.75.
• IBM reported a quarterly earnings per share (EPS) of $2.80, surpassing estimates of $2.65, along with a year-over-year revenue increase of 7.7%.

Northwest & Ethical Investments L.P. purchased a new position in shares of International Business Machines Corporation (NYSE:IBM - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 1,817 shares of the technology company's stock, valued at approximately $451,000.

Several other large investors have also modified their holdings of IBM. Tacita Capital Inc increased its position in International Business Machines by 20.8% during the 1st quarter. Tacita Capital Inc now owns 232 shares of the technology company's stock valued at $58,000 after purchasing an additional 40 shares during the period. Pallas Capital Advisors LLC increased its position in International Business Machines by 0.9% during the 1st quarter. Pallas Capital Advisors LLC now owns 4,805 shares of the technology company's stock valued at $1,195,000 after purchasing an additional 42 shares during the period. DMC Group LLC increased its position in International Business Machines by 1.2% during the 1st quarter. DMC Group LLC now owns 3,517 shares of the technology company's stock valued at $875,000 after purchasing an additional 42 shares during the period. Range Financial Group LLC increased its position in International Business Machines by 0.6% during the 1st quarter. Range Financial Group LLC now owns 7,350 shares of the technology company's stock valued at $1,828,000 after purchasing an additional 43 shares during the period. Finally, Private Wealth Partners LLC increased its position in International Business Machines by 1.7% during the 1st quarter. Private Wealth Partners LLC now owns 2,647 shares of the technology company's stock valued at $658,000 after purchasing an additional 43 shares during the period. Institutional investors and hedge funds own 58.96% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Jefferies Financial Group reissued a "hold" rating on shares of International Business Machines in a research report on Wednesday, April 23rd. Morgan Stanley decreased their target price on International Business Machines from $237.00 to $233.00 and set an "equal weight" rating for the company in a research note on Thursday, April 24th. Royal Bank Of Canada raised their target price on International Business Machines from $285.00 to $315.00 and gave the stock an "outperform" rating in a research note on Thursday, July 17th. Stifel Nicolaus raised their target price on International Business Machines from $290.00 to $310.00 and gave the stock a "buy" rating in a research note on Wednesday, July 16th. Finally, BMO Capital Markets raised their target price on International Business Machines from $260.00 to $300.00 and gave the stock a "market perform" rating in a research note on Friday, July 18th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $268.75.

International Business Machines Stock Down 1.4%

Shares of IBM stock traded down $3.3430 during trading hours on Thursday, reaching $239.2070. The company had a trading volume of 2,989,468 shares, compared to its average volume of 6,556,374. International Business Machines Corporation has a 12 month low of $194.39 and a 12 month 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. The business has a fifty day simple moving average of $270.32 and a 200-day simple moving average of $258.17. The company has a market cap of $222.32 billion, a price-to-earnings ratio of 38.83, a price-to-earnings-growth ratio of 3.73 and a beta of 0.69.

International Business Machines (NYSE:IBM - Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The technology company reported $2.80 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%.International Business Machines's revenue was up 7.7% on a year-over-year basis. During the same period last year, the business posted $2.43 earnings per share. International Business Machines has set its FY 2025 guidance at EPS. On average, research analysts expect that International Business Machines Corporation will post 10.78 earnings per share for the current fiscal year.

About International Business Machines

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.