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MainStreet Investment Advisors LLC Invests $3.99 Million in International Business Machines Corporation $IBM
MainStreet Investment Advisors LLC has acquired a new position of 14,131 shares in International Business Machines Corporation (IBM), valued at approximately $3.99 million during the third quarter. This investment follows IBM’s strong quarterly performance, where the company surpassed analyst expectations for both earnings per share and revenue. Analysts currently maintain a “Moderate Buy” rating for IBM, with a consensus target price of $330.07, and the company has also declared a quarterly dividend of $1.68 per share.