International Business Machines Co. (NYSE:IBM) Stock Holdings Increased by Harbour Investments Inc.

Harbour Investments Inc. raised its holdings in shares of International Business Machines Co. (NYSE:IBM) by 12.4% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,205 shares of the technology company’s stock after buying an additional 686 shares during the period. Harbour Investments Inc.’s holdings in International Business Machines were worth $1,372,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in IBM. Susquehanna Fundamental Investments LLC acquired a new stake in shares of International Business Machines during the second quarter worth $7,160,000. Philip James Wealth Mangement LLC purchased a new position in International Business Machines in the 3rd quarter worth about $5,117,000. Focused Wealth Management Inc raised its holdings in International Business Machines by 52.2% during the 3rd quarter. Focused Wealth Management Inc now owns 11,327 shares of the technology company’s stock worth $2,504,000 after buying an additional 3,887 shares during the period. QRG Capital Management Inc. lifted its stake in International Business Machines by 4.5% during the third quarter. QRG Capital Management Inc. now owns 140,185 shares of the technology company’s stock valued at $30,992,000 after buying an additional 6,004 shares in the last quarter. Finally, F M Investments LLC boosted its holdings in shares of International Business Machines by 39.6% in the third quarter. F M Investments LLC now owns 61,938 shares of the technology company’s stock worth $13,696,000 after buying an additional 17,554 shares during the period. Institutional investors and hedge funds own 58.96% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. DZ Bank lowered shares of International Business Machines from a “buy” rating to a “hold” rating and set a $215.00 price target on the stock. in a report on Wednesday, October 2nd. Royal Bank of Canada reissued an “outperform” rating and set a $250.00 target price on shares of International Business Machines in a research note on Thursday, October 24th. Morgan Stanley reduced their target price on International Business Machines from $217.00 to $208.00 and set an “equal weight” rating for the company in a report on Thursday, October 24th. Bernstein Bank increased their target price on International Business Machines from $185.00 to $210.00 and gave the company a “market perform” rating in a report on Thursday, October 3rd. Finally, Hsbc Global Res upgraded International Business Machines to a “moderate sell” rating in a report on Friday, July 26th. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $208.12.

Insider Buying and Selling at International Business Machines

In other news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of the firm’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $215.20, for a total value of $774,720.00. Following the sale, the senior vice president now directly owns 25,390 shares of the company’s stock, valued at approximately $5,463,928. This trade represents a 12.42 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.07% of the company’s stock.

International Business Machines Price Performance

Shares of NYSE:IBM opened at $209.01 on Friday. International Business Machines Co. has a 1 year low of $150.40 and a 1 year high of $237.37. The business has a fifty day simple moving average of $218.58 and a 200 day simple moving average of $193.11. The company has a current ratio of 1.06, a quick ratio of 1.01 and a debt-to-equity ratio of 2.16. The firm has a market cap of $193.26 billion, a price-to-earnings ratio of 30.13, a P/E/G ratio of 4.74 and a beta of 0.71.

International Business Machines (NYSE:IBM) last posted its earnings results on Wednesday, October 23rd. The technology company reported $2.30 earnings per share for the quarter, beating the consensus estimate of $2.27 by $0.03. International Business Machines had a return on equity of 40.52% and a net margin of 10.22%. The company had revenue of $14.97 billion for the quarter, compared to analyst estimates of $15.08 billion. During the same period last year, the company earned $2.20 earnings per share. The business’s revenue was up 1.5% compared to the same quarter last year. As a group, sell-side analysts predict that International Business Machines Co. will post 10.11 earnings per share for the current fiscal year.

International Business Machines Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Tuesday, November 12th will be issued a dividend of $1.67 per share. The ex-dividend date is Tuesday, November 12th. This represents a $6.68 annualized dividend and a yield of 3.20%. International Business Machines’s dividend payout ratio (DPR) is currently 97.23%.

International Business Machines Profile

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.