West Coast Financial LLC recently acquired a new stake in International Business Machines Co. (NYSE: IBM) during the first quarter, with 1,252 shares valued at around $239,000. Various other hedge funds also adjusted their holdings of IBM, including Clearbridge Investments LLC, Parkside Financial Bank & Trust, Operose Advisors LLC, O Shaughnessy Asset Management LLC, and O ROURKE & COMPANY Inc.
Wall Street analysts have provided forecasts for IBM stock, with Jefferies Financial Group, Morgan Stanley, Royal Bank of Canada, UBS Group, and JPMorgan Chase & Co. releasing reports on the company. The consensus rating for IBM is “Hold,” with analysts’ target prices ranging from $130 to $200 per share.
On the New York Stock Exchange, IBM opened at $172.61 with a market capitalization of $158.56 billion. The company’s latest quarterly results exceeded expectations, with an EPS of $1.68 and revenue of $14.46 billion reported for the quarter. IBM also recently increased its quarterly dividend, providing investors with a yield of 3.87%.
International Business Machines Corporation specializes in integrated solutions and services on a global scale, operating through software, consulting, infrastructure, and financing segments. Their software segment focuses on hybrid cloud and AI platforms to facilitate digital and AI transformations for customers.
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https://www.defenseworld.net/2024/06/26/west-coast-financial-llc-invests-239000-in-international-business-machines-co-nyseibm.html
