1,565 Shares in International Business Machines Co. (NYSE:IBM) Purchased by Counterweight Ventures LLC

Counterweight Ventures LLC bought a new stake in shares of International Business Machines Co. (NYSE:IBM) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 1,565 shares of the technology company’s stock, valued at approximately $346,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Hazlett Burt & Watson Inc. increased its holdings in International Business Machines by 1,054.5% during the 3rd quarter. Hazlett Burt & Watson Inc. now owns 127 shares of the technology company’s stock worth $29,000 after acquiring an additional 116 shares during the period. Hara Capital LLC purchased a new position in shares of International Business Machines during the 3rd quarter valued at $29,000. Oliver Lagore Vanvalin Investment Group bought a new position in shares of International Business Machines in the second quarter worth $36,000. Wolff Wiese Magana LLC raised its position in shares of International Business Machines by 37.0% in the second quarter. Wolff Wiese Magana LLC now owns 222 shares of the technology company’s stock worth $38,000 after buying an additional 60 shares in the last quarter. Finally, Capital Performance Advisors LLP bought a new stake in International Business Machines during the third quarter valued at $43,000. 58.96% of the stock is currently owned by institutional investors.

International Business Machines Stock Performance

Shares of NYSE:IBM opened at $206.01 on Tuesday. 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 company has a market cap of $190.49 billion, a price-to-earnings ratio of 30.29, a price-to-earnings-growth ratio of 4.60 and a beta of 0.71. International Business Machines Co. has a 12 month low of $152.35 and a 12 month high of $237.37. The company has a 50-day moving average price of $218.88 and a 200-day moving average price of $194.18.

International Business Machines (NYSE:IBM) last released its quarterly earnings results on Wednesday, October 23rd. The technology company reported $2.30 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%. International Business Machines’s quarterly revenue was up 1.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.20 EPS. As a group, equities analysts anticipate that International Business Machines Co. will post 10.12 EPS for the current year.

International Business Machines Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Tuesday, November 12th will be issued a $1.67 dividend. This represents a $6.68 annualized dividend and a yield of 3.24%. The ex-dividend date of this dividend is Tuesday, November 12th. International Business Machines’s dividend payout ratio (DPR) is currently 97.23%.

Insider Buying and Selling at International Business Machines

In other International Business Machines news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of International Business Machines stock in a transaction that occurred on Friday, November 8th. The stock was 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 approximately $5,463,928. The trade was a 12.42 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.07% of the company’s stock.

Wall Street Analysts Forecast Growth

IBM has been the topic of several recent analyst reports. StockNews.com raised International Business Machines from a “hold” rating to a “buy” rating in a report on Tuesday, November 12th. Evercore ISI raised their target price on shares of International Business Machines from $215.00 to $240.00 and gave the company an “outperform” rating in a research note on Wednesday, September 11th. 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. Jefferies Financial Group increased their target price on International Business Machines from $200.00 to $245.00 and gave the company a “hold” rating in a research note on Monday, October 21st. Finally, Hsbc Global Res upgraded International Business Machines to a “moderate sell” rating in a research report on Friday, July 26th. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $208.12.

International Business Machines Company 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.