Venture Visionary Partners LLC Cuts Holdings in International Business Machines Corporation $IBM

Key Points

• Venture Visionary Partners LLC has significantly reduced its holdings in IBM by 65.1%, resulting in ownership of 13,272 shares worth approximately $3.3 million after selling 24,802 shares.
• In the fourth quarter, other institutional investors notably increased their stakes in IBM, including Brighton Jones LLC with a 12.4% increase and Alta Advisers Ltd with a 22.2% increase.
• IBM reported a quarterly EPS of $2.80, exceeding analysts' expectations, and indicated a revenue growth of 7.7% year-over-year, with an average price target set at $268.75 by analysts.

Venture Visionary Partners LLC decreased its position in International Business Machines Corporation (NYSE:IBM - Free Report) by 65.1% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 13,272 shares of the technology company's stock after selling 24,802 shares during the period. Venture Visionary Partners LLC's holdings in International Business Machines were worth $3,300,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in IBM. Brighton Jones LLC increased its holdings in International Business Machines by 12.4% in the fourth quarter. Brighton Jones LLC now owns 21,011 shares of the technology company's stock valued at $4,619,000 after buying an additional 2,323 shares in the last quarter. Uniplan Investment Counsel Inc. raised its position in shares of International Business Machines by 2.4% during the 4th quarter. Uniplan Investment Counsel Inc. now owns 16,278 shares of the technology company's stock worth $3,578,000 after purchasing an additional 389 shares during the last quarter. Alta Advisers Ltd raised its position in shares of International Business Machines by 22.2% during the 4th quarter. Alta Advisers Ltd now owns 3,055 shares of the technology company's stock worth $672,000 after purchasing an additional 555 shares during the last quarter. MGO One Seven LLC raised its position in shares of International Business Machines by 5.3% during the 4th quarter. MGO One Seven LLC now owns 26,344 shares of the technology company's stock worth $5,791,000 after purchasing an additional 1,319 shares during the last quarter. Finally, Syon Capital LLC raised its position in shares of International Business Machines by 10.6% during the 4th quarter. Syon Capital LLC now owns 1,989 shares of the technology company's stock worth $437,000 after purchasing an additional 190 shares during the last quarter. Hedge funds and other institutional investors own 58.96% of the company's stock.

International Business Machines Stock Up 0.7%

IBM stock opened at $241.01 on Wednesday. The company has a market cap of $223.99 billion, a price-to-earnings ratio of 39.13, a PEG ratio of 3.69 and a beta of 0.69. The company has a current ratio of 0.91, a quick ratio of 0.87 and a debt-to-equity ratio of 2.00. International Business Machines Corporation has a 12 month low of $193.75 and a 12 month high of $296.16. The firm has a 50-day moving average of $271.93 and a two-hundred day moving average of $258.43.

International Business Machines (NYSE:IBM - Get Free Report) last released its quarterly earnings data 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 net margin of 9.11% and a return on equity of 37.62%. International Business Machines's quarterly 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. International Business Machines has set its FY 2025 guidance at EPS. As a group, analysts forecast that International Business Machines Corporation will post 10.78 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts recently weighed in on IBM shares. UBS Group upped their price target 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. Erste Group Bank downgraded shares of International Business Machines from a "buy" rating to a "hold" rating in a research report on Thursday, August 14th. Wedbush upped their price target on shares of International Business Machines from $300.00 to $325.00 and gave the stock an "outperform" rating in a research report on Friday, June 20th. Stifel Nicolaus upped their price target on shares of International Business Machines from $290.00 to $310.00 and gave the stock a "buy" rating in a research report on Wednesday, July 16th. Finally, Wall Street Zen upgraded shares of International Business Machines from a "hold" rating to a "buy" rating in a research report on Saturday, July 26th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average 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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