International Business Machines Co. (NYSE:IBM) Shares Sold by Vectors Research Management LLC

Vectors Research Management LLC reduced its stake in shares of International Business Machines Co. (NYSE:IBM) by 2.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 26,453 shares of the technology company’s stock after selling 648 shares during the period. International Business Machines makes up approximately 1.8% of Vectors Research Management LLC’s investment portfolio, making the stock its 12th biggest holding. Vectors Research Management LLC’s holdings in International Business Machines were worth $5,841,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Susquehanna Fundamental Investments LLC purchased a new stake in International Business Machines during the 2nd quarter valued at about $7,160,000. Philip James Wealth Mangement LLC purchased a new stake in International Business Machines in the third quarter valued at approximately $5,117,000. Focused Wealth Management Inc increased its holdings in International Business Machines by 52.2% in 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. raised its position in International Business Machines by 4.5% during the 3rd quarter. QRG Capital Management Inc. now owns 140,185 shares of the technology company’s stock worth $30,992,000 after buying an additional 6,004 shares during the last quarter. Finally, F M Investments LLC lifted its stake in International Business Machines by 39.6% during the 3rd quarter. F M Investments LLC now owns 61,938 shares of the technology company’s stock valued at $13,696,000 after acquiring an additional 17,554 shares during the period. 58.96% of the stock is owned by hedge funds and other institutional investors.

International Business Machines Stock Performance

Shares of NYSE:IBM opened at $209.01 on Friday. The business’s 50 day moving average price is $218.58 and its 200-day moving average price is $193.11. International Business Machines Co. has a 1 year low of $150.40 and a 1 year high of $237.37. The company has a debt-to-equity ratio of 2.16, a current ratio of 1.06 and a quick ratio of 1.01. The firm has a market capitalization of $193.26 billion, a PE ratio of 30.42, a P/E/G ratio of 4.74 and a beta of 0.71.

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

International Business Machines Announces Dividend

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

Insider Buying and Selling at International Business Machines

In related news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of the company’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $215.20, for a total transaction of $774,720.00. Following the sale, the senior vice president now directly owns 25,390 shares of the company’s stock, valued at $5,463,928. This represents a 12.42 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.07% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on IBM. DZ Bank lowered shares of International Business Machines from a “buy” rating to a “hold” rating and set a $215.00 price objective on the stock. in a research note on Wednesday, October 2nd. UBS Group boosted their price objective on International Business Machines from $130.00 to $145.00 and gave the company a “sell” rating in a report on Wednesday, September 4th. Stifel Nicolaus lifted their price target on International Business Machines from $205.00 to $246.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. Bernstein Bank lifted their target price on shares of 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, Bank of America increased their price target on shares of International Business Machines from $209.00 to $250.00 and gave the stock a “buy” rating in a report on Wednesday, October 9th. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $208.12.

About International Business Machines

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.