International Business Machines Co. Shares (IBM) rose 0.6% on Wednesday, trading at $170.55 with 3,386,442 shares traded. Analyst ratings on IBM stock varied, with price targets ranging from $130 to $186. The company reported earnings of $1.68 per share, beating estimates, with revenue of $14.46 billion. International Business Machines also increased its dividend to $1.67 per share. Hedge funds have significant holdings in IBM, with institutional investors owning nearly 59% of the company’s shares. IBM operates globally, providing integrated solutions and services in software, consulting, infrastructure, and financing segments. While analysts have mixed ratings on IBM stock, top-rated analysts recommend other stocks for investment. MarketBeat offers insights into the best-performing stocks in today’s market.
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