International Business Machines Corporation $IBM Stock Holdings Boosted by Gables Capital Management Inc.

Gables Capital Management Inc. raised its position in shares of International Business Machines Corporation (NYSE:IBM) by 33.3% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 200 shares of the technology company’s stock after purchasing an additional 50 shares during the quarter. Gables Capital Management Inc.’s holdings in International Business Machines were worth $59,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in IBM. Family CFO Inc bought a new position in International Business Machines during the 2nd quarter valued at $25,000. Christopher J. Hasenberg Inc bought a new position in International Business Machines during the 1st quarter valued at $27,000. SSA Swiss Advisors AG bought a new position in International Business Machines during the 1st quarter valued at $28,000. Dagco Inc. bought a new position in International Business Machines during the 1st quarter valued at $31,000. Finally, Silicon Valley Capital Partners boosted its stake in International Business Machines by 322.6% during the 1st quarter. Silicon Valley Capital Partners now owns 131 shares of the technology company’s stock valued at $32,000 after purchasing an additional 100 shares in the last quarter. 58.96% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on IBM shares. Sanford C. Bernstein started coverage on International Business Machines in a research report on Monday, September 15th. They set a “market perform” rating and a $280.00 price objective for the company. Melius Research upgraded International Business Machines to a “strong-buy” rating in a research report on Monday, July 7th. JPMorgan Chase & Co. increased their price objective on International Business Machines from $244.00 to $290.00 and gave the company a “neutral” rating in a research report on Thursday, July 24th. Royal Bank Of Canada reiterated an “outperform” rating and set a $315.00 price objective on shares of International Business Machines in a research report on Thursday, October 16th. Finally, Jefferies Financial Group increased their price objective on International Business Machines from $280.00 to $305.00 and gave the company a “hold” rating in a research report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, International Business Machines has a consensus rating of “Hold” and a consensus price target of $289.08.

International Business Machines Price Performance

IBM opened at $282.07 on Wednesday. The stock has a fifty day moving average of $262.97 and a 200-day moving average of $262.39. The firm has a market capitalization of $262.16 billion, a P/E ratio of 45.79, a PEG ratio of 4.36 and a beta of 0.73. International Business Machines Corporation has a 12-month low of $203.51 and a 12-month high of $301.04. The company has a quick ratio of 0.87, a current ratio of 0.91 and a debt-to-equity ratio of 2.00.

International Business Machines (NYSE:IBM) last released its earnings results on Wednesday, July 23rd. The technology company reported $2.80 earnings per share (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 analyst estimates of $16.58 billion. International Business Machines had a return on equity of 37.62% and a net margin of 9.11%.The company’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.43 earnings per share. Equities analysts forecast that International Business Machines Corporation will post 10.78 EPS for the current fiscal year.

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.