Compass Ion Advisors LLC reduced its stake in International Business Machines Co. by 1.0% in the first quarter, now holding 10,626 shares valued at $2,029,000. Other hedge funds, such as LVW Advisors LLC and Citizens Business Bank, also adjusted their holdings in IBM. Analysts have varied opinions on the stock, with price target adjustments and ratings ranging from sell to buy. IBM’s recent quarterly earnings beat expectations, with a net margin of 13.18% and return on equity of 40.21%. The company also increased its quarterly dividend, now at $1.67 per share. IBM’s business model focuses on software, consulting, infrastructure, and financing services on a global scale.
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https://www.defenseworld.net/2024/07/01/international-business-machines-co-nyseibm-shares-sold-by-compass-ion-advisors-llc.html
Compass Ion Advisors LLC Sells Shares of International Business Machines Co. (NYSE:IBM)
