IBMIBM
About: IBM looks to be a part of every aspect of an enterprise's IT needs. The company primarily sells software, IT services, consulting, and hardware. IBM operates in 175 countries and employs approximately 350,000 people. The company has a robust roster of 80,000 business partners to service 5,200 clients, which includes 95% of all Fortune 500. While IBM is a B2B company, IBM's outward impact is substantial. For example, IBM manages 90% of all credit card transactions globally and is responsible for 50% of all wireless connections in the world.
Employees: 282,200
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
92% more first-time investments, than exits
New positions opened: 290 | Existing positions closed: 151
77% more funds holding in top 10
Funds holding in top 10: 48 [Q2] → 85 (+37) [Q3]
51% more call options, than puts
Call options by funds: $4.17B | Put options by funds: $2.75B
26% more capital invested
Capital invested by funds: $102B [Q2] → $128B (+$26.3B) [Q3]
5% more funds holding
Funds holding: 2,699 [Q2] → 2,838 (+139) [Q3]
3% more repeat investments, than reductions
Existing positions increased: 1,095 | Existing positions reduced: 1,065
0.63% less ownership
Funds ownership: 61.37% [Q2] → 60.74% (-0.63%) [Q3]
Research analyst outlook
11 Wall Street Analysts provided 1 year price targets over the past 3 months
11 analyst ratings
RBC Capital Matthew Swanson 48% 1-year accuracy 13 / 27 met price target | 17%upside $250 | Outperform Reiterated | 24 Oct 2024 |
Morgan Stanley Erik Woodring 63% 1-year accuracy 17 / 27 met price target | 3%downside $208 | Equal-Weight Maintained | 24 Oct 2024 |
BMO Capital Keith Bachman 80% 1-year accuracy 43 / 54 met price target | 21%upside $260 | Market Perform Maintained | 24 Oct 2024 |
Jefferies Brent Thill 74% 1-year accuracy 26 / 35 met price target | 14%upside $245 | Hold Maintained | 21 Oct 2024 |
Morgan Stanley Erik Woodring 63% 1-year accuracy 17 / 27 met price target | 1%upside $217 | Equal-Weight Maintained | 17 Oct 2024 |
Financial journalist opinion
Based on 78 articles about IBM published over the past 30 days
