RWA Wealth Partners LLC Sells 7,744 Shares of International Business Machines Corporation $IBM

Key Points

• RWA Wealth Partners LLC reduced its stake in International Business Machines Corporation (IBM) by 15.5%, selling 7,744 shares, and now holds 42,314 shares valued at approximately $10.5 million.
• Multiple institutional investors increased their positions in IBM, with Vanguard Group raising its stake by 1.4%, while Goldman Sachs Group increased its holdings by 20.8% in the first quarter.
• Analysts have varied opinions on IBM's stock, with target prices ranging from $233 to $325, and a consensus rating of "Moderate Buy" based on current evaluations.

RWA Wealth Partners LLC decreased its stake in International Business Machines Corporation (NYSE:IBM - Free Report) by 15.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 42,314 shares of the technology company's stock after selling 7,744 shares during the period. RWA Wealth Partners LLC's holdings in International Business Machines were worth $10,522,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in IBM. Vanguard Group Inc. lifted its position in International Business Machines by 1.4% in the 1st quarter. Vanguard Group Inc. now owns 93,137,767 shares of the technology company's stock worth $23,159,637,000 after buying an additional 1,298,515 shares during the last quarter. Northern Trust Corp grew its holdings in shares of International Business Machines by 18.6% during the 4th 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 during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of International Business Machines by 9.8% during the 4th 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 during the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of International Business Machines by 20.8% during the 1st 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 during the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of International Business Machines by 0.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 5,108,455 shares of the technology company's stock valued at $1,270,022,000 after purchasing an additional 24,790 shares during the last quarter. Institutional investors own 58.96% of the company's stock.

Analyst Ratings Changes

Several research firms recently commented on IBM. BMO Capital Markets increased their target price on shares of International Business Machines from $260.00 to $300.00 and gave the company a "market perform" rating in a report on Friday, July 18th. Wedbush increased their target price on shares of International Business Machines from $300.00 to $325.00 and gave the company an "outperform" rating in a report on Friday, June 20th. Morgan Stanley dropped their price target on shares of International Business Machines from $237.00 to $233.00 and set an "equal weight" rating for the company in a research report on Thursday, April 24th. Bank of America dropped their price target on shares of International Business Machines from $320.00 to $310.00 and set a "buy" rating for the company in a research report on Thursday, July 24th. Finally, Melius Research raised shares of International Business Machines to a "strong-buy" rating in a research report on Monday, July 7th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $268.75.

International Business Machines Trading Up 1.1%

IBM stock opened at $239.75 on Monday. The company has a market capitalization of $222.82 billion, a PE ratio of 38.92, a P/E/G ratio of 3.69 and a beta of 0.69. International Business Machines Corporation has a 12 month low of $192.86 and a 12 month high of $296.16. The firm's 50-day moving average is $273.29 and its 200 day moving average is $258.66. 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 posted its quarterly earnings results on Wednesday, July 23rd. The technology company reported $2.80 EPS 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 the consensus estimate of $16.58 billion. International Business Machines had a net margin of 9.11% and a return on equity of 37.62%. The firm's revenue was up 7.7% compared to the same quarter last year. During the same quarter last year, the firm posted $2.43 EPS. On average, research analysts anticipate that International Business Machines Corporation will post 10.78 EPS 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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