Abich Financial Wealth Management LLC Has $122,000 Stock Holdings in International Business Machines Co. (NYSE:IBM)

Abich Financial Wealth Management LLC lowered its holdings in shares of International Business Machines Co. (NYSE:IBM) by 63.9% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 551 shares of the technology company’s stock after selling 976 shares during the period. Abich Financial Wealth Management LLC’s holdings in International Business Machines were worth $122,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of IBM. Susquehanna Fundamental Investments LLC bought a new stake in International Business Machines in the 2nd quarter valued at $7,160,000. Smith Thornton Advisors LLC acquired a new stake in shares of International Business Machines during the 2nd quarter worth about $702,000. Retirement Planning Group LLC bought a new stake in shares of International Business Machines during the 3rd quarter worth about $618,000. GAMMA Investing LLC grew its stake in International Business Machines by 42.4% in the 2nd quarter. GAMMA Investing LLC now owns 9,370 shares of the technology company’s stock valued at $1,621,000 after buying an additional 2,788 shares during the last quarter. Finally, Anderson Hoagland & Co. acquired a new stake in shares of International Business Machines during the 3rd quarter worth $4,050,000. Institutional investors and hedge funds own 58.96% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Bernstein Bank raised their target price on shares of International Business Machines from $185.00 to $210.00 and gave the company a “market perform” rating in a report on Thursday, October 3rd. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $250.00 price objective on shares of International Business Machines in a research note on Thursday, October 24th. Evercore ISI raised their target price on International Business Machines from $215.00 to $240.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 11th. Morgan Stanley dropped their price target on shares of International Business Machines from $217.00 to $208.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 24th. Finally, UBS Group raised their price objective on shares of International Business Machines from $130.00 to $145.00 and gave the stock a “sell” rating in a research report on Wednesday, September 4th. Three 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. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $208.12.

International Business Machines Price Performance

Shares of NYSE:IBM remained flat at $212.91 during midday trading on Tuesday. The company had a trading volume of 594,479 shares, compared to its average volume of 4,232,026. The business’s 50 day moving average price is $215.94 and its two-hundred day moving average price is $190.65. International Business Machines Co. has a 12 month low of $142.58 and a 12 month high of $237.37. The company has a market capitalization of $195.58 billion, a price-to-earnings ratio of 24.11, a price-to-earnings-growth ratio of 4.84 and a beta of 0.70. The company has a quick ratio of 1.08, a current ratio of 1.12 and a debt-to-equity ratio of 2.20.

International Business Machines (NYSE:IBM) last issued its quarterly earnings data on Wednesday, October 23rd. The technology company reported $2.30 EPS for the quarter, beating the consensus estimate of $2.27 by $0.03. International Business Machines had a net margin of 13.52% and a return on equity of 40.59%. The company had revenue of $14.97 billion during the quarter, compared to analysts’ expectations of $15.08 billion. During the same quarter in the previous year, the company earned $2.20 earnings per share. International Business Machines’s revenue for the quarter was up 1.5% on a year-over-year basis. Analysts forecast that International Business Machines Co. will post 10.13 earnings per share for the current year.

International Business Machines Company 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.