Miracle Mile Advisors LLC recently increased its stake in International Business Machines Co. by 5.3% in the first quarter, owning 3,281 shares worth $627,000. Other hedge funds like Schonfeld Strategic Advisors LLC and Axxcess Wealth Management LLC have also acquired stakes in IBM. Analysts have provided various ratings for IBM stock, with price targets ranging from $130 to $200. IBM’s recent quarterly earnings exceeded expectations, with revenue of $14.46 billion and $1.68 earnings per share. The company also raised its quarterly dividend to $1.67 per share. IBM offers software, consulting, and infrastructure services on a global scale.
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https://www.defenseworld.net/2024/07/02/miracle-mile-advisors-llc-raises-position-in-international-business-machines-co-nyseibm.html
