Investment House LLC Purchases 150 Shares of International Business Machines Co. (NYSE:IBM)

Investment House LLC grew its holdings in shares of International Business Machines Co. (NYSE:IBM) by 3.7% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,225 shares of the technology company’s stock after purchasing an additional 150 shares during the quarter. Investment House LLC’s holdings in International Business Machines were worth $691,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in IBM. International Assets Investment Management LLC raised its stake in International Business Machines by 15,439.1% during the 4th quarter. International Assets Investment Management LLC now owns 2,653,462 shares of the technology company’s stock worth $433,974,000 after acquiring an additional 2,636,386 shares during the period. Morgan Stanley lifted its stake in shares of International Business Machines by 13.4% during the 3rd quarter. Morgan Stanley now owns 16,257,789 shares of the technology company’s stock valued at $2,280,968,000 after buying an additional 1,919,490 shares in the last quarter. California Public Employees Retirement System boosted its holdings in International Business Machines by 15.9% in the 3rd quarter. California Public Employees Retirement System now owns 6,345,842 shares of the technology company’s stock worth $890,322,000 after buying an additional 871,247 shares during the period. Bank of New York Mellon Corp increased its stake in International Business Machines by 10.2% in the 3rd quarter. Bank of New York Mellon Corp now owns 8,691,369 shares of the technology company’s stock worth $1,219,399,000 after buying an additional 807,357 shares in the last quarter. Finally, Northern Trust Corp lifted its position in shares of International Business Machines by 4.2% in the third quarter. Northern Trust Corp now owns 9,970,674 shares of the technology company’s stock valued at $1,398,886,000 after acquiring an additional 404,948 shares in the last quarter. Institutional investors own 58.96% of the company’s stock.

International Business Machines Trading Down 0.6 %

IBM opened at $166.47 on Tuesday. International Business Machines Co. has a 12 month low of $120.55 and a 12 month high of $199.18. The company has a current ratio of 1.13, a quick ratio of 1.09 and a debt-to-equity ratio of 2.32. The stock has a 50-day moving average of $187.19 and a 200 day moving average of $170.72. The firm has a market cap of $152.61 billion, a P/E ratio of 18.97, a P/E/G ratio of 4.08 and a beta of 0.70.

International Business Machines (NYSE:IBM) last announced its earnings results on Tuesday, April 30th. The technology company reported $1.68 EPS for the quarter, topping analysts’ consensus estimates of $1.59 by $0.09. The firm had revenue of $14.46 billion during the quarter, compared to analysts’ expectations of $14.53 billion. International Business Machines had a return on equity of 40.21% and a net margin of 13.18%. The company’s quarterly revenue was up 1.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.36 EPS. As a group, research analysts forecast that International Business Machines Co. will post 9.99 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on IBM. Evercore raised International Business Machines from an “in-line” rating to an “outperform” rating and lifted their target price for the company from $165.00 to $200.00 in a research note on Friday, January 19th. UBS Group boosted their target price on shares of International Business Machines from $125.00 to $130.00 and gave the stock a “sell” rating in a report on Monday, April 22nd. Sanford C. Bernstein raised their target price on shares of International Business Machines from $165.00 to $186.00 and gave the company a “market perform” rating in a research note on Thursday, March 7th. BMO Capital Markets reduced their price target on shares of International Business Machines from $210.00 to $190.00 and set a “market perform” rating on the stock in a report on Thursday, April 25th. Finally, Societe Generale reissued a “sell” rating and set a $143.00 price objective on shares of International Business Machines in a report on Friday, January 5th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $184.08.

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.