International Business Machines Corporation $IBM Shares Acquired by J. Safra Sarasin Holding AG

J. Safra Sarasin Holding AG lifted its stake in International Business Machines Corporation (NYSE:IBM) by 3.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 317,158 shares of the technology company’s stock after purchasing an additional 9,399 shares during the quarter. International Business Machines comprises about 1.4% of J. Safra Sarasin Holding AG’s holdings, making the stock its 15th largest holding. J. Safra Sarasin Holding AG’s holdings in International Business Machines were worth $89,489,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. Family CFO Inc purchased a new position in shares of International Business Machines during the 2nd quarter worth $25,000. Winnow Wealth LLC purchased a new stake in shares of International Business Machines in the second quarter valued at about $27,000. Mountain Hill Investment Partners Corp. acquired a new stake in International Business Machines during the third quarter worth about $28,000. Copia Wealth Management raised its stake in International Business Machines by 57.6% during the second quarter. Copia Wealth Management now owns 134 shares of the technology company’s stock worth $40,000 after purchasing an additional 49 shares during the period. Finally, Legacy Wealth Managment LLC ID boosted its holdings in International Business Machines by 48.5% in the 2nd quarter. Legacy Wealth Managment LLC ID now owns 147 shares of the technology company’s stock valued at $43,000 after purchasing an additional 48 shares during the last quarter. Hedge funds and other institutional investors own 58.96% of the company’s stock.

International Business Machines Trading Up 1.4%

Shares of NYSE IBM opened at $296.56 on Tuesday. The company has a current ratio of 0.93, a quick ratio of 0.89 and a debt-to-equity ratio of 1.97. The stock has a market capitalization of $277.20 billion, a PE ratio of 35.47, a PEG ratio of 2.83 and a beta of 0.70. International Business Machines Corporation has a twelve month low of $214.50 and a twelve month high of $324.90. The stock has a fifty day simple moving average of $302.11 and a 200-day simple moving average of $282.65.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Weiss Ratings restated a “buy (b)” rating on shares of International Business Machines in a report on Thursday. BMO Capital Markets increased their price objective on International Business Machines from $300.00 to $305.00 and gave the stock a “market perform” rating in a research report on Thursday, October 23rd. Dbs Bank upgraded International Business Machines from a “hold” rating to a “moderate buy” rating in a research report on Monday, January 19th. Sanford C. Bernstein reaffirmed a “market perform” rating on shares of International Business Machines in a research note on Wednesday, December 10th. Finally, Wall Street Zen downgraded International Business Machines from a “buy” rating to a “hold” rating in a research report on Sunday, January 11th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, International Business Machines has a consensus rating of “Moderate Buy” and a consensus target price of $306.86.

International Business Machines Profile

International Business Machines Corporation (IBM) is a global technology and consulting company headquartered in Armonk, New York. Founded in 1911 as the Computing-Tabulating-Recording Company (CTR) and renamed IBM in 1924, the company has evolved from early electromechanical machines to a diversified technology provider serving enterprises and governments worldwide. IBM is publicly traded on the New York Stock Exchange under the ticker symbol IBM.

IBM’s principal businesses encompass cloud computing and software, infrastructure and systems, consulting and technology services, and research and development.