Trivium Point Advisory LLC Has $2.50 Million Holdings in International Business Machines Corporation (NYSE:IBM)

Trivium Point Advisory LLC boosted its stake in International Business Machines Corporation (NYSE:IBM - Free Report) by 17.4% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,057 shares of the technology company's stock after purchasing an additional 1,488 shares during the period. Trivium Point Advisory LLC's holdings in International Business Machines were worth $2,501,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Wealth Dimensions Group Ltd. increased its holdings in International Business Machines by 1.0% in the fourth quarter. Wealth Dimensions Group Ltd. now owns 3,972 shares of the technology company's stock valued at $873,000 after purchasing an additional 40 shares during the period. Pallas Capital Advisors LLC increased its holdings in International Business Machines by 0.9% in the first 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 holdings in International Business Machines by 1.2% in the first 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 holdings in International Business Machines by 0.6% in the first 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 holdings in International Business Machines by 1.7% in the first 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. 58.96% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on IBM. Erste Group Bank downgraded International Business Machines from a "buy" rating to a "hold" rating in a report on Thursday. KGI Securities set a $242.00 price target on shares of International Business Machines and gave the company a "hold" rating in a research report on Thursday, April 24th. Jefferies Financial Group reaffirmed a "hold" rating on shares of International Business Machines in a research report on Wednesday, April 23rd. Stifel Nicolaus upped 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. Finally, Wall Street Zen raised shares of International Business Machines from a "hold" rating to a "buy" rating in a research report on Saturday, July 26th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $268.75.

International Business Machines Price Performance

IBM stock opened at $240.24 on Thursday. The stock has a market capitalization of $223.28 billion, a PE ratio of 39.00, a price-to-earnings-growth ratio of 3.62 and a beta of 0.69. The company's 50-day moving average is $274.46 and its 200-day moving average is $258.27. 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 Corporation has a 1 year low of $190.73 and a 1 year high of $296.16.

International Business Machines (NYSE:IBM - Get Free Report) last released its quarterly earnings data 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. The company had revenue of $16.98 billion for the quarter, compared to analysts' expectations of $16.58 billion. International Business Machines had a net margin of 9.11% and a return on equity of 37.62%. The business's revenue was up 7.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.43 EPS. Equities research analysts expect that International Business Machines Corporation will post 10.78 EPS 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.

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