Claro Advisors LLC, an institutional investor, increased its stake in International Business Machines (IBM) during the first quarter, adding 307 shares to its holdings. Other investors like Naples Money Management LLC, Ables Iannone Moore & Associates Inc., and Financial Synergies Wealth Advisors Inc. also acquired new positions in IBM stock.
Analysts have recently issued various reports on IBM stock, with ratings ranging from sell to buy. The company’s stock price has fluctuated, with a recent rise of 1.2% on the New York Stock Exchange. IBM’s financial results for the last quarter beat analysts’ estimates, with earnings per share of $1.68 and revenue of $14.46 billion.
IBM also announced an increased quarterly dividend, reflecting its financial performance and commitment to shareholders. The company operates in various segments, offering services in software, consulting, infrastructure, and finance. Despite mixed analyst ratings, IBM continues to be a significant player in the technology sector.
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