ABN Amro Investment Solutions Purchases 4,976 Shares of International Business Machines Corporation $IBM

ABN Amro Investment Solutions grew its position in International Business Machines Corporation (NYSE:IBM) by 11.1% during the first quarter, HoldingsChannel.com reports. The fund owned 49,663 shares of the technology company’s stock after acquiring an additional 4,976 shares during the quarter. ABN Amro Investment Solutions’ holdings in International Business Machines were worth $12,038,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Oslo Pensjonsforsikring AS bought a new stake in International Business Machines in the first quarter worth $30,416,000. HORAN Wealth LLC lifted its holdings in shares of International Business Machines by 103.5% in the 1st quarter. HORAN Wealth LLC now owns 5,802 shares of the technology company’s stock valued at $1,406,000 after acquiring an additional 2,951 shares during the last quarter. Baader Bank Aktiengesellschaft lifted its holdings in shares of International Business Machines by 18.6% in the 1st quarter. Baader Bank Aktiengesellschaft now owns 4,512 shares of the technology company’s stock valued at $1,094,000 after acquiring an additional 709 shares during the last quarter. Andra AP fonden grew its position in International Business Machines by 24.0% in the first quarter. Andra AP fonden now owns 122,900 shares of the technology company’s stock worth $29,790,000 after acquiring an additional 23,800 shares in the last quarter. Finally, Wilkerson Advisory Group LLC increased its stake in International Business Machines by 3.0% during the first quarter. Wilkerson Advisory Group LLC now owns 1,628 shares of the technology company’s stock worth $395,000 after acquiring an additional 47 shares during the last quarter. 58.96% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on IBM. Royal Bank Of Canada reiterated an “outperform” rating and issued a $270.00 target price on shares of International Business Machines in a report on Tuesday. Wolfe Research downgraded International Business Machines to a “peer perform” rating in a research report on Tuesday, June 23rd. Wall Street Zen lowered shares of International Business Machines from a “hold” rating to a “sell” rating in a research note on Saturday, July 18th. Weiss Ratings lowered shares of International Business Machines from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, June 24th. Finally, Oppenheimer cut shares of International Business Machines from an “outperform” rating to a “market perform” rating in a research note on Wednesday, July 15th. Fifteen research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, International Business Machines has an average rating of “Moderate Buy” and an average price target of $278.68.

International Business Machines Trading Down 2.1%

NYSE IBM opened at $206.03 on Thursday. International Business Machines Corporation has a one year low of $204.44 and a one year high of $332.46. The company has a debt-to-equity ratio of 1.75, a quick ratio of 0.76 and a current ratio of 0.80. The company has a market capitalization of $193.64 billion, a price-to-earnings ratio of 18.22, a price-to-earnings-growth ratio of 2.27 and a beta of 0.68. The company’s 50-day simple moving average is $263.26 and its two-hundred day simple moving average is $261.42.

International Business Machines (NYSE:IBM) last announced its quarterly earnings results on Wednesday, July 22nd. The technology company reported $2.93 earnings per share for the quarter, hitting the consensus estimate of $2.93. International Business Machines had a net margin of 15.61% and a return on equity of 37.23%. The firm had revenue of $17.16 billion during the quarter, compared to analysts’ expectations of $17.48 billion. During the same quarter in the prior year, the company earned $2.80 EPS. The company’s revenue was up 1.1% compared to the same quarter last year. Equities analysts forecast that International Business Machines Corporation will post 12.19 EPS for the current fiscal year.

More International Business Machines News

Here are the key news stories impacting International Business Machines this week:

• Positive Sentiment: IBM’s earnings matched Wall Street’s EPS estimate, and the company continues to emphasize AI-driven productivity, quantum computing, and strong free-cash-flow generation. IBM (IBM) Matches Q2 Earnings Estimates
• Neutral Sentiment: After the release, IBM shares saw some after-hours recovery as investors focused on long-term AI and quantum initiatives rather than the immediate headline miss. IBM just cut its outlook. Why its stock is bouncing anyway.
• Negative Sentiment: IBM lowered full-year revenue guidance and posted weaker sales than expected, with mainframe revenue notably under pressure, raising concerns about near-term growth. IBM Lowers Its Growth Outlook as Sales of Data Center Mainframes Sink 42%
• Negative Sentiment: Multiple law firms announced securities-fraud investigations following IBM’s sharp stock decline and guidance cut, adding an overhang for investors. IBM Investigated by the Portnoy Law Firm

International Business Machines Company Profile

International Business Machines Corporation (IBM) is a global technology and consulting company headquartered in Armonk, New York. Founded in 1911 as the Computing-Tabulating-Recording Company (CTR) and renamed IBM in 1924, the company has evolved from early electromechanical machines to a diversified technology provider serving enterprises and governments worldwide. IBM is publicly traded on the New York Stock Exchange under the ticker symbol IBM.

IBM’s principal businesses encompass cloud computing and software, infrastructure and systems, consulting and technology services, and research and development.