In the first quarter, Hodges Capital Management Inc. increased its holdings of International Business Machines Co. (IBM) by 60.8%, owning 20,535 shares worth $3,921,000. Other institutional investors and hedge funds like Vontobel Holding Ltd., Tsfg LLC, Auxano Advisors LLC, Waverly Advisors LLC, and West Family Investments Inc. have also bought and sold IBM stock.
Wall Street analysts have mixed opinions on IBM’s stock. UBS Group and Jefferies Financial Group gave the company a “sell” rating, while JPMorgan Chase & Co. and StockNews.com had a “neutral” view. Bank of America, on the other hand, rated IBM as a “buy.” The stock has an average rating of “Hold” with a price target of $182.53.
IBM’s stock performance shows that it opened at $172.95, with a market capitalization of $158.87 billion. The company posted $1.68 EPS in the last quarter, beating analysts’ estimates. It also increased its quarterly dividend to $1.67 per share, with an annualized dividend yield of 3.86%.
International Business Machines Corporation offers integrated solutions and services globally, operating through Software, Consulting, Infrastructure, and Finance segments. Their software segment focuses on hybrid cloud and AI platforms for digital and AI transformations.
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https://www.defenseworld.net/2024/06/30/international-business-machines-co-nyseibm-shares-purchased-by-hodges-capital-management-inc.html