<div id="readability-page-1"><p>Alberta Investment Management Corp bought a new stake in shares of  International Business Machines Corporation (NYSE:IBM - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor  bought 29,700 shares of the technology company's stock, valued at approximately $7,385,000.</p><ul><li>Rigetti Soars 30% on Latest Quantum Leap: What It Means Long-Term</li></ul><p>Several other institutional investors and hedge funds have also bought and sold shares of IBM. Howland Capital Management LLC increased its stake in  International Business Machines by 68.5% in the first quarter. Howland Capital Management LLC now owns 12,708 shares of the technology company's stock valued at $3,160,000 after acquiring an additional 5,164 shares during the last quarter.  Pasadena Private Wealth LLC boosted its holdings in shares of  International Business Machines by 36.4% in the 1st quarter. Pasadena Private Wealth LLC now owns 2,630 shares of the technology company's stock valued at $654,000 after purchasing an additional 702 shares in the last quarter.  Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its stake in shares of  International Business Machines by 317.5% in the 1st quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 44,352 shares of the technology company's stock valued at $11,028,000 after purchasing an additional 33,728 shares during the last quarter.  Harbour Investments Inc. raised its holdings in shares of  International Business Machines by 3.8% during the 1st quarter. Harbour Investments Inc. now owns 7,069 shares of the technology company's stock worth $1,758,000 after buying an additional 256 shares in the last quarter.  Finally, MGO One Seven LLC lifted its position in shares of  International Business Machines by 6.6% during the 1st quarter. MGO One Seven LLC now owns 28,073 shares of the technology company's stock worth $6,981,000 after buying an additional 1,729 shares during the last quarter. Institutional investors own  58.96% of the company's stock. </p><h2>International Business Machines Trading Down 1.2%</h2><p>Shares of IBM stock opened at $250.03 on Friday. International Business Machines Corporation has a 1-year low of $181.81 and a 1-year high of $296.16. The company has a current ratio of 0.91, a quick ratio of 0.87 and a debt-to-equity ratio of 2.00. The stock has a market cap of $232.38 billion, a price-to-earnings ratio of 40.59, a PEG ratio of 3.91 and a beta of 0.69. The stock has a 50-day moving average of $277.20 and a 200-day moving average of $257.11. </p><ul><li>Iron Mountain Down 23% From Its 1-Year High—Is It Undervalued?</li></ul><p>International Business Machines (NYSE:IBM - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The technology company reported $2.80 EPS for the quarter, beating the consensus estimate of $2.65 by $0.15. The business had revenue of $16.98 billion for the quarter, compared to analysts' expectations of $16.58 billion. International Business Machines had a return on equity of 37.62% and a net margin of 9.11%. The firm's revenue was up 7.7% on a year-over-year basis. During the same period in the prior year, the business posted $2.43 earnings per share.  On average, equities research analysts forecast that  International Business Machines Corporation will post 10.78 earnings per share for the current year. </p><h2>Analyst Ratings Changes</h2><p>A number of research analysts have issued reports on the company. Jefferies Financial Group  reiterated a &#34;hold&#34; rating on shares of International Business Machines in a research report on Wednesday, April 23rd. Wall Street Zen upgraded shares of International Business Machines from a &#34;hold&#34; rating to a &#34;buy&#34; rating in a research note on Saturday, July 26th. BMO Capital Markets upped their price objective on shares of International Business Machines from $260.00 to $300.00 and gave the stock a &#34;market perform&#34; rating in a research report on Friday, July 18th. Royal Bank Of Canada raised their target price on shares of International Business Machines from $285.00 to $315.00 and gave the company an &#34;outperform&#34; rating in a research report on Thursday, July 17th. Finally, Wedbush boosted their target price on shares of International Business Machines from $300.00 to $325.00 and gave the stock an &#34;outperform&#34; rating in a research note on Friday, June 20th. One equities research analyst  has rated the stock with a sell rating, eight have assigned  a hold rating, nine have given a buy rating and two have assigned  a strong buy rating to the stock. Based on data from MarketBeat.com, the company  has a consensus rating of &#34;Moderate Buy&#34; and a consensus price target of $268.75.</p><ul><li>Forget IBM: Accenture’s AI Momentum Is Your Next Buy</li></ul><p><b>View Our Latest Report on IBM</b></p><h2>International Business Machines Company Profile</h2> (Free Report)<p>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.</p><h2>Read More</h2><ul><li>Five stocks we like better than International Business Machines</li><li>When to Sell a Stock for Profit or Loss</li><li>MarketBeat Week in Review – 07/28 - 08/01</li><li>How to Calculate Stock Profit </li><li>Will Hims &amp; Hers Fall Along With Novo Nordisk?</li><li>Investing in Construction Stocks</li><li>Play It Cool: Why Comfort Systems USA Is a Hidden AI Winner</li></ul><p><strong>Want to see what other hedge funds are holding IBM?</strong> Visit HoldingsChannel.com to get the latest 13F filings and insider trades for International Business Machines Corporation (NYSE:IBM - Free Report).</p><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUlCTQ?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUlCTQ"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in International Business Machines Right Now?</h2><p>Before you consider International Business Machines, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and International Business Machines wasn't on the list.</p><p>While International Business Machines currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

<p>Alberta Investment Management Corp has acquired a new stake in International Business Machines Corporation (NYSE:IBM), purchasing 29,700 shares valued at approximately $7.4 million. Other institutional investors have also increased their stakes in IBM. The company's stock opened at $250.03, with a market cap of $232.38 billion and a P/E ratio of 40.59. IBM reported an EPS of $2.80 for the last quarter, exceeding estimates, and analysts forecast a current year EPS of 10.78. The consensus rating for IBM is "Moderate Buy" with a price target of $268.75.</p>

Alberta Investment Management Corp Makes New Investment in International Business Machines Corporation (NYSE:IBM)