Raiffeisen Bank International AG Boosts Stake in International Business Machines Corporation (NYSE:IBM)

Key Points

• Raiffeisen Bank International AG increased its stake in IBM by 64.6% during the first quarter, owning 145,966 shares now valued at approximately $35.62 million.
• IBM's stock is currently down by 1.2%, with a market capitalization of $232.38 billion and a recent earnings report showing a 7.7% increase in revenue year-over-year.
• A number of analysts have recently adjusted their price targets for IBM, with Wedbush setting a new objective of $325.00 after giving the stock an "outperform" rating.

Raiffeisen Bank International AG grew its position in International Business Machines Corporation (NYSE:IBM - Free Report) by 64.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 145,966 shares of the technology company's stock after buying an additional 57,276 shares during the quarter. Raiffeisen Bank International AG's holdings in International Business Machines were worth $35,620,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Christopher J. Hasenberg Inc acquired a new stake in shares of International Business Machines in the first quarter valued at $27,000. SSA Swiss Advisors AG acquired a new stake in shares of International Business Machines in the first quarter valued at $28,000. Measured Risk Portfolios Inc. acquired a new stake in shares of International Business Machines in the fourth quarter valued at $43,000. Park Square Financial Group LLC acquired a new stake in shares of International Business Machines in the fourth quarter valued at $43,000. Finally, Mascagni Wealth Management Inc. acquired a new stake in shares of International Business Machines in the fourth quarter valued at $43,000. 58.96% of the stock is owned by institutional investors and hedge funds.

International Business Machines Stock Down 1.2%

Shares of NYSE IBM opened at $250.03 on Friday. The company has a market capitalization of $232.38 billion, a price-to-earnings 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. The business has a 50-day moving average of $277.20 and a two-hundred day moving average of $257.36. International Business Machines Corporation has a 1 year low of $181.81 and a 1 year high of $296.16.

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 analysts' consensus estimates of $2.65 by $0.15. International Business Machines had a return on equity of 37.62% and a net margin of 9.11%. The company had revenue of $16.98 billion during the quarter, compared to the consensus estimate of $16.58 billion. During the same period in the previous year, the business earned $2.43 EPS. International Business Machines's revenue for the quarter was up 7.7% on a year-over-year basis. On average, analysts forecast that International Business Machines Corporation will post 10.78 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on IBM shares. Wedbush lifted their price objective on International Business Machines from $300.00 to $325.00 and gave the company an "outperform" rating in a research note on Friday, June 20th. JPMorgan Chase & Co. boosted their target price on International Business Machines from $244.00 to $290.00 and gave the stock a "neutral" rating in a research note on Thursday, July 24th. UBS Group boosted their target price on International Business Machines from $195.00 to $200.00 and gave the stock a "sell" rating in a research note on Thursday, July 24th. Bank of America lowered their target price on International Business Machines from $320.00 to $310.00 and set a "buy" rating for the company in a research note on Thursday, July 24th. Finally, Melius Research raised International Business Machines to a "strong-buy" rating in a research note on Monday, July 7th. One analyst has rated the stock with a sell rating, eight have given a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, International Business Machines presently has an average rating of "Moderate Buy" and a consensus target price of $268.75.

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.

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