Francis Financial Inc. decreased its position in International Business Machines Co. by 7% during the first quarter, selling 184 shares and reducing its holdings to 2,458 shares valued at $469,000. Other hedge funds also adjusted their stakes in the company, with Naples Money Management LLC, Creekmur Asset Management LLC, Ables Iannone Moore & Associates Inc., Financial Synergies Wealth Advisors Inc., and Versant Capital Management Inc. all making changes in their positions.
Various stock analysts have issued reports on IBM stock, with ratings ranging from sell to buy. Goldman Sachs Group gave a buy rating with a $200.00 price target, UBS Group upgraded to a sell rating with a $130.00 price target, Bank of America assigned a buy rating with a target price of $220.00, and Wedbush and Jefferies Financial Group provided neutral and hold ratings, respectively.
International Business Machines Co. has a 12-month low of $131.55 and high of $199.18, with a current stock price of $172.95. The company reported earnings of $1.68 per share for the quarter, surpassing analysts’ estimates, with a net margin of 13.18% and revenue of $14.46 billion. International Business Machines also increased its quarterly dividend to $1.67 per share, representing a dividend yield of 3.86%.
International Business Machines Corporation offers integrated solutions and services globally, operating in software, consulting, infrastructure, and financing segments. The company’s software segment focuses on hybrid cloud and AI platforms to support digital and AI transformations across various applications and environments.
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