American Investment Services Inc. Sells 5,443 Shares of International Business Machines Corporation $IBM

American Investment Services Inc. reduced its position in shares of International Business Machines Corporation (NYSE:IBM) by 56.6% in the first quarter, Holdings Channel reports. The firm owned 4,179 shares of the technology company’s stock after selling 5,443 shares during the period. American Investment Services Inc.’s holdings in International Business Machines were worth $1,013,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Norges Bank purchased a new position in International Business Machines during the fourth quarter worth about $2,446,429,000. Capital World Investors raised its holdings in shares of International Business Machines by 29.2% in the 4th quarter. Capital World Investors now owns 22,021,912 shares of the technology company’s stock valued at $6,523,720,000 after acquiring an additional 4,976,756 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of International Business Machines by 83.4% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 5,617,117 shares of the technology company’s stock valued at $1,663,847,000 after acquiring an additional 2,553,552 shares in the last quarter. Corient Private Wealth LLC boosted its position in shares of International Business Machines by 359.6% during the 4th quarter. Corient Private Wealth LLC now owns 1,896,675 shares of the technology company’s stock valued at $561,814,000 after acquiring an additional 1,484,026 shares during the last quarter. Finally, Vanguard Group Inc. grew its holdings in shares of International Business Machines by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 97,216,131 shares of the technology company’s stock worth $28,796,390,000 after purchasing an additional 1,439,824 shares in the last quarter. Institutional investors own 58.96% of the company’s stock.

Analyst Ratings Changes

IBM has been the topic of several research analyst reports. KeyCorp cut shares of International Business Machines to a “sector weight” rating in a research report on Tuesday, June 23rd. HSBC set a $175.00 price target on shares of International Business Machines and gave the stock a “reduce” rating in a research note on Thursday, July 16th. Susquehanna initiated coverage on shares of International Business Machines in a report on Friday, July 10th. They issued a “neutral” rating and a $303.00 price target on the stock. Jefferies Financial Group lowered their price objective on shares of International Business Machines from $320.00 to $260.00 and set a “buy” rating on the stock in a research report on Tuesday. Finally, Roth Capital reaffirmed a “buy” rating on shares of International Business Machines in a report on Wednesday, June 3rd. Fifteen analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $278.68.

Key Headlines Impacting International Business Machines

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 Stock Down 2.1%

Shares of IBM opened at $206.03 on Thursday. International Business Machines Corporation has a 1 year low of $204.44 and a 1 year high of $332.46. The company has a debt-to-equity ratio of 1.75, a current ratio of 0.80 and a quick ratio of 0.76. The stock has a 50 day simple moving average of $263.26 and a two-hundred day simple moving average of $261.42. The firm has a market cap of $193.64 billion, a P/E ratio of 18.22, a P/E/G ratio of 2.27 and a beta of 0.68.

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

International Business Machines 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.