Watts Gwilliam & Co. LLC Has $444,000 Stake in International Business Machines Corporation $IBM

Watts Gwilliam & Co. LLC trimmed its stake in shares of International Business Machines Corporation (NYSE:IBM) by 21.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,785 shares of the technology company’s stock after selling 489 shares during the period. Watts Gwilliam & Co. LLC’s holdings in International Business Machines were worth $444,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of IBM. Vanguard Group Inc. raised its stake in shares of International Business Machines by 1.4% during the first quarter. Vanguard Group Inc. now owns 93,137,767 shares of the technology company’s stock worth $23,159,637,000 after buying an additional 1,298,515 shares during the last quarter. Northern Trust Corp raised its stake in shares of International Business Machines by 18.6% during the fourth quarter. Northern Trust Corp now owns 10,845,993 shares of the technology company’s stock worth $2,384,275,000 after buying an additional 1,704,209 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake 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 purchasing an additional 722,582 shares in the last quarter. Goldman Sachs Group Inc. increased its stake 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 purchasing an additional 889,008 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in International Business Machines by 0.5% in the first quarter. Dimensional Fund Advisors LP now owns 5,108,455 shares of the technology company’s stock valued at $1,270,022,000 after purchasing an additional 24,790 shares in the last quarter. 58.96% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have commented on IBM. The Goldman Sachs Group upped their target price on shares of International Business Machines from $270.00 to $310.00 and gave the company a “buy” rating in a research note on Wednesday, July 2nd. Erste Group Bank downgraded shares of International Business Machines from a “buy” rating to a “hold” rating in a research note on Thursday, August 14th. Citigroup reaffirmed an “outperform” rating on shares of International Business Machines in a research note on Saturday, May 10th. BMO Capital Markets upped their target price on shares of International Business Machines from $260.00 to $300.00 and gave the company a “market perform” rating in a research note on Friday, July 18th. Finally, Wedbush upped their target price on shares of International Business Machines from $300.00 to $325.00 and gave the company an “outperform” rating in a research note on Friday, June 20th. One analyst has rated the stock with a sell rating, nine have issued a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $268.75.

International Business Machines Stock Performance

Shares of IBM stock opened at $239.39 on Tuesday. The stock has a market cap of $222.49 billion, a P/E ratio of 38.86, a P/E/G ratio of 3.69 and a beta of 0.69. 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 fifty day moving average price of $272.63 and a two-hundred day moving average price of $258.55. International Business Machines Corporation has a one year low of $193.71 and a one year high of $296.16.

International Business Machines (NYSE:IBM) last announced its quarterly earnings results 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 firm had revenue of $16.98 billion during 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 company’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same quarter last year, the company posted $2.43 earnings per share. As a group, equities analysts predict that International Business Machines Corporation will post 10.78 EPS for the current year.

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.