LaSalle St. Investment Advisors LLC Takes Position in International Business Machines Corporation (NYSE:IBM)

LaSalle St. Investment Advisors LLC acquired a new stake in shares of International Business Machines Corporation (NYSE:IBM - Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 3,333 shares of the technology company's stock, valued at approximately $828,000.

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A number of other hedge funds also recently made changes to their positions in IBM. Christopher J. Hasenberg Inc bought a new stake in shares of International Business Machines in the first quarter worth $27,000. SSA Swiss Advisors AG bought a new stake in shares of International Business Machines in the first quarter worth $28,000. Measured Risk Portfolios Inc. bought a new stake in shares of International Business Machines in the fourth quarter worth $43,000. Park Square Financial Group LLC bought a new stake in International Business Machines during the fourth quarter valued at $43,000. Finally, Mascagni Wealth Management Inc. acquired a new position in shares of International Business Machines during the fourth quarter valued at $43,000. Hedge funds and other institutional investors own 58.96% of the company's stock.

International Business Machines Trading Down 0.9%

Shares of NYSE IBM opened at $249.91 on Friday. 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 stock has a market capitalization of $232.26 billion, a P/E ratio of 40.57, a PEG ratio of 3.89 and a beta of 0.69. The business's 50 day moving average is $276.48 and its two-hundred day moving average is $257.89. International Business Machines Corporation has a 1-year low of $187.00 and a 1-year high of $296.16.

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International Business Machines (NYSE:IBM - Get Free Report) last released its earnings results on Wednesday, July 23rd. The technology company reported $2.80 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm had revenue of $16.98 billion for the quarter, compared to the consensus estimate of $16.58 billion. During the same period in the prior year, the firm earned $2.43 EPS. The firm's revenue was up 7.7% on a year-over-year basis. As a group, research analysts expect that International Business Machines Corporation will post 10.78 EPS for the current year.

Analysts Set New Price Targets

IBM has been the topic of several research reports. Melius Research upgraded shares of International Business Machines to a "strong-buy" rating in a research report on Monday, July 7th. BMO Capital Markets upped their target price on International Business Machines from $260.00 to $300.00 and gave the stock a "market perform" rating in a research report on Friday, July 18th. Jefferies Financial Group reissued a "hold" rating on shares of International Business Machines in a research report on Wednesday, April 23rd. Stifel Nicolaus raised 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. Finally, Citigroup restated an "outperform" rating on shares of International Business Machines in a research note on Saturday, May 10th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $268.75.

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View Our Latest Analysis on International Business Machines

About International Business Machines

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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