Southeast Asset Advisors LLC Has $915,000 Position in International Business Machines Corporation $IBM

Key Points

• Southeast Asset Advisors LLC increased its investment in International Business Machines Corporation (IBM) by 61.1%, now holding a total of 3,678 shares worth approximately $915,000.
• Other institutions, including Vanguard Group and Goldman Sachs Group, have also boosted their stakes in IBM, indicating strong institutional support with approximately 58.96% of the shares owned by institutional investors.
• IBM recently reported a quarterly earnings per share of $2.80, surpassing analyst estimates, while its revenue grew by 7.7% year-over-year, reaching $16.98 billion.

Southeast Asset Advisors LLC increased its holdings in shares of International Business Machines Corporation (NYSE:IBM - Free Report) by 61.1% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,678 shares of the technology company's stock after acquiring an additional 1,395 shares during the period. Southeast Asset Advisors LLC's holdings in International Business Machines were worth $915,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position 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 valued at $23,159,637,000 after buying an additional 1,298,515 shares in the last quarter. Northern Trust Corp boosted its position in 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 buying an additional 1,704,209 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in 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 buying an additional 722,582 shares in the last quarter. Ameriprise Financial Inc. boosted its position in International Business Machines by 1.0% in the first quarter. Ameriprise Financial Inc. now owns 5,516,240 shares of the technology company's stock valued at $1,371,812,000 after buying an additional 52,317 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its position in 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 buying an additional 889,008 shares in the last quarter. 58.96% of the stock is currently owned by institutional investors and hedge funds.

International Business Machines Trading Up 1.0%

IBM opened at $241.6890 on Friday. 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 company has a market cap of $224.63 billion, a price-to-earnings ratio of 39.24, a price-to-earnings-growth ratio of 3.73 and a beta of 0.69. The firm has a 50 day simple moving average of $269.61 and a 200 day simple moving average of $257.98. International Business Machines Corporation has a fifty-two week low of $194.39 and a fifty-two week high of $296.16.

International Business Machines (NYSE:IBM - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The technology company reported $2.80 earnings per share for the quarter, topping analysts' consensus estimates of $2.65 by $0.15. The business had revenue of $16.98 billion during 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%. 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 firm posted $2.43 earnings per share. International Business Machines has set its FY 2025 guidance at EPS. On average, sell-side analysts anticipate that International Business Machines Corporation will post 10.78 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have commented on IBM shares. Stifel Nicolaus boosted their price target on shares of International Business Machines from $290.00 to $310.00 and gave the company a "buy" rating in a research report on Wednesday, July 16th. Melius Research upgraded shares of International Business Machines to a "strong-buy" rating in a research report on Monday, July 7th. UBS Group upped their target price on shares of International Business Machines from $195.00 to $200.00 and gave the stock a "sell" rating in a research report on Thursday, July 24th. Bank of America reduced their target price on shares of International Business Machines from $320.00 to $310.00 and set a "buy" rating on the stock in a research report on Thursday, July 24th. Finally, The Goldman Sachs Group upped their target price on shares of International Business Machines from $270.00 to $310.00 and gave the stock a "buy" rating in a research report on Wednesday, July 2nd. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, nine have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, International Business Machines currently has a consensus rating of "Hold" and a consensus price target of $268.75.

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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