Inscription Capital LLC Has $2.14 Million Position in International Business Machines Co. (NYSE:IBM)

Inscription Capital LLC grew its holdings in shares of International Business Machines Co. (NYSE:IBM) by 5.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,668 shares of the technology company’s stock after purchasing an additional 478 shares during the quarter. Inscription Capital LLC’s holdings in International Business Machines were worth $2,137,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of IBM. Trilogy Capital Inc. bought a new position in shares of International Business Machines during the 1st quarter valued at $434,000. LVW Advisors LLC bought a new position in shares of International Business Machines during the 1st quarter valued at $330,000. Chapin Davis Inc. bought a new position in shares of International Business Machines during the 1st quarter valued at $205,000. Miracle Mile Advisors LLC raised its holdings in shares of International Business Machines by 5.3% during the 1st quarter. Miracle Mile Advisors LLC now owns 3,281 shares of the technology company’s stock valued at $627,000 after purchasing an additional 165 shares in the last quarter. Finally, Claro Advisors LLC raised its holdings in shares of International Business Machines by 6.5% during the 1st quarter. Claro Advisors LLC now owns 5,049 shares of the technology company’s stock valued at $964,000 after purchasing an additional 307 shares in the last quarter. Institutional investors own 58.96% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Bernstein Bank lifted their target price on shares of International Business Machines from $185.00 to $210.00 and gave the stock a “market perform” rating in a report on Thursday, October 3rd. Bank of America lifted their target price on shares of International Business Machines from $209.00 to $250.00 and gave the stock a “buy” rating in a report on Wednesday, October 9th. Royal Bank of Canada reiterated an “outperform” rating and issued a $250.00 target price on shares of International Business Machines in a report on Thursday. UBS Group lifted their target price on shares of International Business Machines from $130.00 to $145.00 and gave the stock a “sell” rating in a report on Wednesday, September 4th. Finally, DZ Bank downgraded shares of International Business Machines from a “buy” rating to a “hold” rating and set a $215.00 target price on the stock. in a report on Wednesday, October 2nd. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $208.12.

International Business Machines Price Performance

International Business Machines stock traded up $0.13 during mid-day trading on Monday, hitting $214.80. 385,370 shares of the company were exchanged, compared to its average volume of 4,227,360. The company has a quick ratio of 1.08, a current ratio of 1.12 and a debt-to-equity ratio of 2.20. The business has a fifty day moving average of $215.58 and a 200 day moving average of $190.46. International Business Machines Co. has a 1-year low of $142.58 and a 1-year high of $237.37. The company has a market capitalization of $197.86 billion, a PE ratio of 23.67, a price-to-earnings-growth ratio of 4.84 and a beta of 0.70.

International Business Machines (NYSE:IBM) last released its quarterly earnings data on Wednesday, October 23rd. The technology company reported $2.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.27 by $0.03. International Business Machines had a return on equity of 40.59% and a net margin of 13.52%. The firm had revenue of $14.97 billion during the quarter, compared to analyst estimates of $15.08 billion. During the same period in the prior year, the company posted $2.20 earnings per share. The business’s revenue for the quarter was up 1.5% compared to the same quarter last year. As a group, sell-side analysts expect that International Business Machines Co. will post 10.13 earnings per share for the current year.

International Business Machines Profile

International Business Machines Corporation, together with its subsidiaries, provides integrated solutions and services worldwide. The company operates through Software, Consulting, Infrastructure, and Financing segments. The Software segment offers a hybrid cloud and AI platforms that allows clients to realize their digital and AI transformations across the applications, data, and environments in which they operate.