International Business Machines Corporation (NYSE:IBM) Shares Acquired by Sei Investments Co.

Sei Investments Co. raised its holdings in shares of International Business Machines Corporation (NYSE:IBM) by 2.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 297,516 shares of the technology company’s stock after acquiring an additional 6,146 shares during the period. Sei Investments Co.’s holdings in International Business Machines were worth $71,237,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Christopher J. Hasenberg Inc acquired a new position in International Business Machines during the first quarter worth $27,000. SSA Swiss Advisors AG acquired a new stake in International Business Machines during the 1st quarter worth $28,000. Dagco Inc. acquired a new stake in International Business Machines during the 1st quarter worth $31,000. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in International Business Machines during the 1st quarter worth $45,000. Finally, Park Square Financial Group LLC acquired a new stake in International Business Machines during the 4th quarter worth $43,000. 58.96% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

IBM has been the topic of several recent research reports. Morgan Stanley lowered their target price on shares of International Business Machines from $237.00 to $233.00 and set an “equal weight” rating on the stock in a research note on Thursday, April 24th. UBS Group lifted their target price on shares of International Business Machines from $195.00 to $200.00 and gave the company a “sell” rating in a report on Thursday, July 24th. Bank of America dropped their target price on shares of International Business Machines from $320.00 to $310.00 and set a “buy” rating for the company in a report on Thursday, July 24th. Stifel Nicolaus raised their target price on International Business Machines from $290.00 to $310.00 and gave the company a “buy” rating in a report on Wednesday, July 16th. Finally, Wall Street Zen raised International Business Machines from a “hold” rating to a “buy” rating in a research report on Saturday, July 26th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $268.75.

International Business Machines Price Performance

IBM opened at $240.24 on Thursday. The firm has a market cap of $223.28 billion, a price-to-earnings ratio of 39.00, a PEG ratio of 3.62 and a beta of 0.69. International Business Machines Corporation has a twelve month low of $190.73 and a twelve month high of $296.16. The company has a fifty day simple moving average of $274.46 and a 200 day simple moving average of $258.27. The company has a current ratio of 0.91, a quick ratio of 0.87 and a debt-to-equity ratio of 2.00.

International Business Machines (NYSE:IBM) last issued its earnings results on Wednesday, July 23rd. The technology company reported $2.80 earnings per share for the quarter, topping analysts’ consensus estimates of $2.65 by $0.15. The company had revenue of $16.98 billion for the quarter, compared to analysts’ expectations of $16.58 billion. International Business Machines had a net margin of 9.11% and a return on equity of 37.62%. The firm’s revenue was up 7.7% compared to the same quarter last year. During the same period in the prior year, the company earned $2.43 earnings per share. Equities research analysts expect that International Business Machines Corporation will post 10.78 EPS for the current fiscal year.

International Business Machines 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.