International Business Machines Corporation (NYSE:IBM) Shares Sold by Roof Eidam Maycock Peralta LLC

Roof Eidam Maycock Peralta LLC decreased its position in shares of International Business Machines Corporation (NYSE:IBM) by 6.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,295 shares of the technology company’s stock after selling 240 shares during the quarter. Roof Eidam Maycock Peralta LLC’s holdings in International Business Machines were worth $819,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. grew its stake in International Business Machines by 1.4% in the 1st quarter. Vanguard Group Inc. now owns 93,137,767 shares of the technology company’s stock valued at $23,159,637,000 after acquiring an additional 1,298,515 shares during the period. Capital World Investors grew its stake in International Business Machines by 413.5% in the 4th quarter. Capital World Investors now owns 11,984,609 shares of the technology company’s stock valued at $2,634,577,000 after acquiring an additional 9,650,534 shares during the period. Northern Trust Corp grew its stake in International Business Machines by 18.6% in the 4th quarter. Northern Trust Corp now owns 10,845,993 shares of the technology company’s stock valued at $2,384,275,000 after acquiring an additional 1,704,209 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in International Business Machines by 9.8% in the 4th 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. Finally, Goldman Sachs Group Inc. lifted its holdings in International Business Machines by 20.8% in the 1st 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. Institutional investors and hedge funds own 58.96% of the company’s stock.

International Business Machines Stock Up 0.7%

Shares of NYSE:IBM opened at $252.52 on Thursday. The business has a 50-day moving average price of $276.66 and a 200 day moving average price of $257.71. The company has a current ratio of 0.91, a quick ratio of 0.87 and a debt-to-equity ratio of 2.00. The company has a market capitalization of $234.69 billion, a price-to-earnings ratio of 40.99, a PEG ratio of 3.87 and a beta of 0.69. International Business Machines Corporation has a 12-month low of $186.70 and a 12-month high of $296.16.

International Business Machines (NYSE:IBM) last issued its quarterly earnings data on Wednesday, July 23rd. The technology company reported $2.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.65 by $0.15. The firm had revenue of $16.98 billion during the quarter, compared to the consensus estimate 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 quarterly revenue was up 7.7% on a year-over-year basis. During the same period last year, the company earned $2.43 EPS. Sell-side analysts expect that International Business Machines Corporation will post 10.78 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have weighed in on IBM shares. Royal Bank Of Canada raised their price objective on International Business Machines from $285.00 to $315.00 and gave the company an “outperform” rating in a report on Thursday, July 17th. Jefferies Financial Group restated a “hold” rating on shares of International Business Machines in a report on Wednesday, April 23rd. Wedbush raised their price objective on International Business Machines from $300.00 to $325.00 and gave the company an “outperform” rating in a report on Friday, June 20th. Citigroup restated an “outperform” rating on shares of International Business Machines in a report on Saturday, May 10th. Finally, UBS Group raised their price objective on International Business Machines from $195.00 to $200.00 and gave the company a “sell” rating in a report on Thursday, July 24th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, nine have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, International Business Machines presently has an average rating of “Moderate Buy” and a consensus target price 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.