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IBM Reports EPS at Consensus as Major Investors Trade Shares

IBM logoIBM
Sig1.85Sen+0.75Env0.00Soc0.00Gov0.00

Multiple institutional investors increased or reduced positions in IBM, including Norges Bank, Capital World Investors, and Vanguard. Analysts also issued mixed signals, with one downgrade to a sell rating and a lower price target. IBM reported quarterly earnings of $2.93 per share, meeting consensus, and announced a quarterly dividend to be paid on September 10. Shares rose about 1.1%.

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