Insight Folios Inc Purchases 1,674 Shares of International Business Machines Co. (NYSE:IBM)

by · The Markets Daily

Insight Folios Inc raised its position in International Business Machines Co. (NYSE:IBM – Free Report) by 4.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,369 shares of the technology company’s stock after acquiring an additional 1,674 shares during the quarter. International Business Machines makes up approximately 3.0% of Insight Folios Inc’s portfolio, making the stock its 6th biggest position. Insight Folios Inc’s holdings in International Business Machines were worth $8,483,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. FPC Investment Advisory Inc. purchased a new stake in International Business Machines during the 1st quarter worth approximately $26,000. ESL Trust Services LLC purchased a new position in International Business Machines in the first quarter valued at $28,000. Oliver Lagore Vanvalin Investment Group acquired a new position in International Business Machines during the 2nd quarter worth $36,000. Wolff Wiese Magana LLC increased its holdings in International Business Machines by 37.0% during the 2nd quarter. Wolff Wiese Magana LLC now owns 222 shares of the technology company’s stock worth $38,000 after purchasing an additional 60 shares during the period. Finally, Briaud Financial Planning Inc raised its position in International Business Machines by 54.3% in the 2nd quarter. Briaud Financial Planning Inc now owns 284 shares of the technology company’s stock valued at $49,000 after purchasing an additional 100 shares in the last quarter. 58.96% of the stock is currently owned by hedge funds and other institutional investors.

International Business Machines Price Performance

Shares of IBM opened at $214.67 on Monday. The company has a debt-to-equity ratio of 2.20, a quick ratio of 1.08 and a current ratio of 1.12. International Business Machines Co. has a fifty-two week low of $141.58 and a fifty-two week high of $237.37. The firm has a 50-day simple moving average of $215.58 and a 200-day simple moving average of $190.46. The company has a market capitalization of $197.74 billion, a price-to-earnings ratio of 23.67, a price-to-earnings-growth ratio of 4.84 and a beta of 0.70.

International Business Machines (NYSE:IBM – Get Free Report) last announced its earnings results on Wednesday, October 23rd. The technology company reported $2.30 earnings per share for the quarter, beating the consensus estimate of $2.27 by $0.03. The company had revenue of $14.97 billion for the quarter, compared to the consensus estimate of $15.08 billion. International Business Machines had a return on equity of 40.59% and a net margin of 13.52%. The company’s revenue was up 1.5% on a year-over-year basis. During the same period last year, the business posted $2.20 EPS. On average, equities research analysts anticipate that International Business Machines Co. will post 10.13 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on IBM. Morgan Stanley cut their target price on shares of International Business Machines from $217.00 to $208.00 and set an “equal weight” rating on the stock in a research note on Thursday. Evercore ISI lifted their price objective on shares of International Business Machines from $215.00 to $240.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 11th. Stifel Nicolaus increased their target price on International Business Machines from $205.00 to $246.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. Hsbc Global Res raised International Business Machines to a “moderate sell” rating in a research report on Friday, July 26th. Finally, The Goldman Sachs Group raised their target price on International Business Machines from $220.00 to $250.00 and gave the stock a “buy” rating in a research report on Monday, September 30th. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $208.12.

View Our Latest Stock Analysis on IBM

International Business Machines Company Profile

(Free Report)

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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