International Business Machines Co. (NYSE:IBM) Shares Acquired by Lifestyle Asset Management Inc.

Lifestyle Asset Management Inc. grew its holdings in shares of International Business Machines Co. (NYSE:IBM) by 8.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,206 shares of the technology company’s stock after purchasing an additional 170 shares during the period. Lifestyle Asset Management Inc.’s holdings in International Business Machines were worth $488,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of IBM. Susquehanna Fundamental Investments LLC acquired a new stake in shares of International Business Machines during the second quarter worth approximately $7,160,000. Focused Wealth Management Inc grew its stake 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 valued at $2,504,000 after buying an additional 3,887 shares during the last quarter. QRG Capital Management Inc. increased its stake in shares of International Business Machines by 4.5% in the third quarter. QRG Capital Management Inc. now owns 140,185 shares of the technology company’s stock worth $30,992,000 after purchasing an additional 6,004 shares during the period. Smith Thornton Advisors LLC bought a new stake in shares of International Business Machines in the second quarter valued at approximately $702,000. Finally, F M Investments LLC raised its position in shares of International Business Machines by 39.6% during the third quarter. F M Investments LLC now owns 61,938 shares of the technology company’s stock valued at $13,696,000 after buying an additional 17,554 shares during the last quarter. 58.96% of the stock is owned by institutional investors and hedge funds.

International Business Machines Stock Performance

IBM stock opened at $213.76 on Friday. The firm has a market cap of $197.65 billion, a PE ratio of 31.11, a P/E/G ratio of 4.64 and a beta of 0.71. International Business Machines Co. has a 12-month low of $145.28 and a 12-month high of $237.37. The company has a quick ratio of 1.01, a current ratio of 1.06 and a debt-to-equity ratio of 2.16. The business has a 50 day moving average of $217.49 and a 200-day moving average of $191.86.

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

International Business Machines Announces Dividend

The firm also recently announced 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 3.13%. The ex-dividend date of this dividend is Tuesday, November 12th. International Business Machines’s payout ratio is 97.23%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on IBM shares. DZ Bank lowered shares of International Business Machines from a “buy” rating to a “hold” rating and set a $215.00 price target for the company. in a research report on Wednesday, October 2nd. The Goldman Sachs Group raised their price objective on shares of International Business Machines from $220.00 to $250.00 and gave the company a “buy” rating in a research report on Monday, September 30th. StockNews.com cut International Business Machines from a “buy” rating to a “hold” rating in a report on Friday, October 25th. Jefferies Financial Group upped their target price on shares of International Business Machines from $200.00 to $245.00 and gave the company a “hold” rating in a research report on Monday, October 21st. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $250.00 target price on shares of International Business Machines in a research note on Thursday, October 24th. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target 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.