International Business Machines Corporation $IBM Stock Holdings Lowered by Cookson Peirce & Co. Inc.

Cookson Peirce & Co. Inc. lowered its position in shares of International Business Machines Corporation (NYSE:IBM) by 1.0% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 7,238 shares of the technology company’s stock after selling 73 shares during the period. Cookson Peirce & Co. Inc.’s holdings in International Business Machines were worth $2,134,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. Phillips Financial Management LLC bought a new position in shares of International Business Machines during the second quarter worth about $209,000. Jacobsen Capital Management lifted its holdings in International Business Machines by 18.2% in the second quarter. Jacobsen Capital Management now owns 1,795 shares of the technology company’s stock worth $529,000 after purchasing an additional 276 shares during the period. Gables Capital Management Inc. lifted its holdings in International Business Machines by 33.3% in the second quarter. Gables Capital Management Inc. now owns 200 shares of the technology company’s stock worth $59,000 after purchasing an additional 50 shares during the period. Cullen Frost Bankers Inc. lifted its holdings in International Business Machines by 0.4% in the second quarter. Cullen Frost Bankers Inc. now owns 85,629 shares of the technology company’s stock worth $25,242,000 after purchasing an additional 370 shares during the period. Finally, Advantage Trust Co lifted its holdings in International Business Machines by 300.0% in the second quarter. Advantage Trust Co now owns 1,200 shares of the technology company’s stock worth $354,000 after purchasing an additional 900 shares during the period. Institutional investors own 58.96% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on IBM shares. Morgan Stanley upped their price objective on shares of International Business Machines from $253.00 to $256.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 15th. Bank of America reduced their price objective 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 upped their price objective on shares of International Business Machines from $290.00 to $310.00 and gave the stock a “buy” rating in a report on Wednesday, July 16th. Weiss Ratings reissued a “hold (c+)” rating on shares of International Business Machines in a report on Wednesday, October 8th. Finally, Wall Street Zen downgraded shares of International Business Machines from a “buy” rating to a “hold” rating in a report on Saturday. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $289.08.

International Business Machines Price Performance

NYSE IBM opened at $282.07 on Wednesday. The stock’s 50-day moving average price is $262.97 and its two-hundred day moving average price is $262.39. The company has a current ratio of 0.91, a quick ratio of 0.87 and a debt-to-equity ratio of 2.00. The company has a market cap of $262.16 billion, a PE ratio of 45.79, a PEG ratio of 4.36 and a beta of 0.73. International Business Machines Corporation has a 1 year low of $203.51 and a 1 year high of $301.04.

International Business Machines (NYSE:IBM) last posted its quarterly earnings data on Wednesday, July 23rd. The technology company reported $2.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.65 by $0.15. The firm had revenue of $16.98 billion for the quarter, compared to the consensus estimate of $16.58 billion. International Business Machines had a return on equity of 37.62% and a net margin of 9.11%.The business’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.43 EPS. On average, analysts predict that International Business Machines Corporation will post 10.78 EPS for the current 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.