LaSalle St. Investment Advisors LLC Takes Position in International Business Machines Corporation (NYSE:IBM)

LaSalle St. Investment Advisors LLC acquired a new stake in shares of International Business Machines Corporation (NYSE:IBM - Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 3,333 shares of the technology company's stock, valued at approximately $828,000.Analysts Make a Quantum Bet on D-Wave's Cryogenic Packaging A number of other hedge funds also recently made changes to their positions in IBM. Christopher J. Hasenberg Inc bought a new stake in shares of International Business Machines in the first quarter worth $27,000. SSA Swiss Advisors AG bought a new stake in shares of International Business Machines in the first quarter worth $28,000. Measured Risk Portfolios Inc. bought a new stake in shares of International Business Machines in the fourth quarter worth $43,000. Park Square Financial Group LLC bought a new stake in International Business Machines during the fourth quarter valued at $43,000. Finally, Mascagni Wealth Management Inc. acquired a new position in shares of International Business Machines during the fourth quarter valued at $43,000. Hedge funds and other institutional investors own 58.96% of the company's stock. International Business Machines Trading Down 0.9%Shares of NYSE IBM opened at $249.91 on Friday. The company has a debt-to-equity ratio of 2.00, a current ratio of 0.91 and a quick ratio of 0.87. The stock has a market capitalization of $232.26 billion, a P/E ratio of 40.57, a PEG ratio of 3.89 and a beta of 0.69. The business's 50 day moving average is $276.48 and its two-hundred day moving average is $257.89. International Business Machines Corporation has a 1-year low of $187.00 and a 1-year high of $296.16. Rigetti Soars 30% on Latest Quantum Leap: What It Means Long-TermInternational Business Machines (NYSE:IBM - Get Free Report) last released its earnings results on Wednesday, July 23rd. The technology company reported $2.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.65 by $0.15. International Business Machines had a return on equity of 37.62% and a net margin of 9.11%. The firm had revenue of $16.98 billion for the quarter, compared to the consensus estimate of $16.58 billion. During the same period in the prior year, the firm earned $2.43 EPS. The firm's revenue was up 7.7% on a year-over-year basis. As a group, research analysts expect that International Business Machines Corporation will post 10.78 EPS for the current year. Analysts Set New Price TargetsIBM has been the topic of several research reports. Melius Research upgraded shares of International Business Machines to a "strong-buy" rating in a research report on Monday, July 7th. BMO Capital Markets upped their target price on International Business Machines from $260.00 to $300.00 and gave the stock a "market perform" rating in a research report on Friday, July 18th. Jefferies Financial Group reissued a "hold" rating on shares of International Business Machines in a research report on Wednesday, April 23rd. Stifel Nicolaus raised their target price on International Business Machines from $290.00 to $310.00 and gave the stock a "buy" rating in a research report on Wednesday, July 16th. Finally, Citigroup restated an "outperform" rating on shares of International Business Machines in a research note on Saturday, May 10th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $268.75.Iron Mountain Down 23% From Its 1-Year High—Is It Undervalued?View Our Latest Analysis on International Business MachinesAbout International Business Machines (Free Report)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.Featured StoriesFive stocks we like better than International Business MachinesCD Calculator: Certificate of Deposit Calculator 3 AI Infrastructure Stocks Powering the Next Tech RevolutionHow to Capture the Benefits of Dividend IncreasesWhy Monolithic Power's Earnings and Guidance Ignited a RallyAre These Liquid Natural Gas Stocks Ready For An Upside Bounce?AppLovin’s Q2 Miss Spooks Market, But Wall Street Doubles DownThis 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.Should You Invest $1,000 in International Business Machines Right Now?Before you consider International Business Machines, you'll want to hear this.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.While International Business Machines currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here