Versor Investments LP Sells 1,602 Shares of International Business Machines Corporation $IBM

Key Points

• Versor Investments LP reduced its stake in IBM by 50%, selling 1,602 shares, and now holds 1,600 shares valued at approximately $398,000.
• IBM recently reported $2.80 earnings per share for the last quarter, surpassing analyst expectations of $2.65, with revenue of $16.98 billion, a 7.7% year-over-year increase.
• Multiple analysts have upgraded their target price for IBM, with Royal Bank of Canada raising it to $315.00 and Stifel Nicolaus to $310.00, while the stock has a consensus rating of "Hold" at a target price of $268.75.

Versor Investments LP decreased its holdings in shares of International Business Machines Corporation (NYSE:IBM - Free Report) by 50.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,600 shares of the technology company's stock after selling 1,602 shares during the period. Versor Investments LP's holdings in International Business Machines were worth $398,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of IBM. Christopher J. Hasenberg Inc bought a new position in International Business Machines during the 1st quarter valued at approximately $27,000. SSA Swiss Advisors AG bought a new position in International Business Machines during the 1st quarter valued at approximately $28,000. Dagco Inc. bought a new position in International Business Machines during the 1st quarter valued at approximately $31,000. Measured Risk Portfolios Inc. bought a new position in International Business Machines during the 4th quarter valued at approximately $43,000. Finally, Park Square Financial Group LLC bought a new position in International Business Machines during the 4th quarter valued at approximately $43,000. Institutional investors own 58.96% of the company's stock.

International Business Machines Stock Up 0.5%

IBM stock opened at $242.3790 on Thursday. International Business Machines Corporation has a twelve month low of $194.12 and a twelve month high of $296.16. The company has a quick ratio of 0.87, a current ratio of 0.91 and a debt-to-equity ratio of 2.00. The firm has a market cap of $225.27 billion, a PE ratio of 39.35, a price-to-earnings-growth ratio of 3.71 and a beta of 0.69. The business has a 50 day moving average of $271.15 and a 200 day moving average of $258.32.

International Business Machines (NYSE:IBM - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The technology company reported $2.80 earnings per share for the quarter, beating 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 analyst estimates of $16.58 billion. During the same quarter last year, the company earned $2.43 EPS. The firm's revenue for the quarter was up 7.7% on a year-over-year basis. International Business Machines has set its FY 2025 guidance at EPS. On average, research analysts forecast that International Business Machines Corporation will post 10.78 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Royal Bank Of Canada increased their target price on International Business Machines from $285.00 to $315.00 and gave the stock an "outperform" rating in a research report on Thursday, July 17th. Stifel Nicolaus increased their target price on International Business Machines from $290.00 to $310.00 and gave the stock a "buy" rating in a research report on Wednesday, July 16th. KGI Securities set a $242.00 target price on International Business Machines and gave the stock a "hold" rating in a research report on Thursday, April 24th. Morgan Stanley decreased their target price on 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. Finally, Erste Group Bank lowered International Business Machines from a "buy" rating to a "hold" rating in a research report on Thursday, August 14th. One equities research 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 given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" 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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