International Business Machines Co. (NYSE:IBM) Stock Holdings Decreased by Ipswich Investment Management Co. Inc.

Ipswich Investment Management Co. Inc. lessened its position in International Business Machines Co. (NYSE:IBM) by 0.6% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 15,544 shares of the technology company’s stock after selling 100 shares during the quarter. Ipswich Investment Management Co. Inc.’s holdings in International Business Machines were worth $3,436,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. KCM Investment Advisors LLC lifted its stake in International Business Machines by 1.5% in the 3rd quarter. KCM Investment Advisors LLC now owns 8,727 shares of the technology company’s stock worth $1,929,000 after acquiring an additional 132 shares in the last quarter. Empirical Finance LLC increased its holdings in shares of International Business Machines by 1.8% in the 3rd quarter. Empirical Finance LLC now owns 31,240 shares of the technology company’s stock valued at $6,907,000 after purchasing an additional 566 shares during the period. Sheaff Brock Investment Advisors LLC lifted its position in shares of International Business Machines by 6.8% in the third quarter. Sheaff Brock Investment Advisors LLC now owns 15,912 shares of the technology company’s stock worth $3,518,000 after purchasing an additional 1,017 shares in the last quarter. CIBC Asset Management Inc boosted its holdings in shares of International Business Machines by 8.3% during the third quarter. CIBC Asset Management Inc now owns 168,271 shares of the technology company’s stock worth $37,201,000 after purchasing an additional 12,865 shares during the period. Finally, Intellectus Partners LLC increased its stake in International Business Machines by 3.3% in the 3rd quarter. Intellectus Partners LLC now owns 4,953 shares of the technology company’s stock valued at $1,095,000 after buying an additional 158 shares during the period. Institutional investors and hedge funds own 58.96% of the company’s stock.

Insider Activity

In other International Business Machines news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of International Business Machines stock in a transaction 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 completion of the sale, the senior vice president now 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 Securities & Exchange Commission, which is accessible through the SEC website. 0.07% of the stock is currently owned by insiders.

International Business Machines Stock Performance

International Business Machines stock opened at $204.99 on Friday. The stock has a 50-day simple moving average of $218.79 and a 200 day simple moving average of $193.48. The stock has a market capitalization of $189.54 billion, a price-to-earnings ratio of 29.84, a P/E/G ratio of 4.74 and a beta of 0.71. The company has a quick ratio of 1.01, a current ratio of 1.06 and a debt-to-equity ratio of 2.16. International Business Machines Co. has a 12-month low of $152.13 and a 12-month high of $237.37.

International Business Machines (NYSE:IBM) last announced 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 company had revenue of $14.97 billion during the quarter, compared to the consensus estimate 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 revenue was up 1.5% on a year-over-year basis. During the same period in the previous year, the firm posted $2.20 earnings per share. On average, research analysts anticipate 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 announced a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Tuesday, November 12th will be paid a $1.67 dividend. The ex-dividend date is Tuesday, November 12th. This represents a $6.68 annualized dividend and a dividend yield of 3.26%. International Business Machines’s dividend payout ratio (DPR) is currently 97.23%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on IBM. The Goldman Sachs Group boosted their price target on shares of International Business Machines from $220.00 to $250.00 and gave the company a “buy” rating in a report on Monday, September 30th. StockNews.com raised International Business Machines from a “hold” rating to a “buy” rating in a research report on Tuesday. Hsbc Global Res upgraded International Business Machines to a “moderate sell” rating in a report on Friday, July 26th. Stifel Nicolaus increased their price objective on International Business Machines from $205.00 to $246.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. Finally, BMO Capital Markets lifted their target price on shares of International Business Machines from $235.00 to $260.00 and gave the company a “market perform” rating in a research note on Thursday, October 24th. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $208.12.

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.