International Business Machines Co. (NYSE:IBM) Holdings Lowered by Brooklyn Investment Group

Brooklyn Investment Group decreased its position in shares of International Business Machines Co. (NYSE:IBM) by 1.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,939 shares of the technology company’s stock after selling 58 shares during the period. Brooklyn Investment Group’s holdings in International Business Machines were worth $1,092,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Intellectus Partners LLC raised its position in International Business Machines by 3.3% in the third quarter. Intellectus Partners LLC now owns 4,953 shares of the technology company’s stock worth $1,095,000 after acquiring an additional 158 shares in the last quarter. Balboa Wealth Partners raised its holdings in shares of International Business Machines by 59.9% in the 3rd quarter. Balboa Wealth Partners now owns 2,430 shares of the technology company’s stock worth $537,000 after purchasing an additional 910 shares in the last quarter. OneDigital Investment Advisors LLC lifted its stake in International Business Machines by 17.0% during the third quarter. OneDigital Investment Advisors LLC now owns 26,017 shares of the technology company’s stock valued at $5,752,000 after purchasing an additional 3,789 shares during the last quarter. Lifeworks Advisors LLC lifted its stake in International Business Machines by 27.4% during the third quarter. Lifeworks Advisors LLC now owns 30,244 shares of the technology company’s stock valued at $6,686,000 after purchasing an additional 6,513 shares during the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. boosted its holdings in International Business Machines by 7.2% during the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 25,199 shares of the technology company’s stock worth $5,571,000 after buying an additional 1,690 shares in the last quarter. 58.96% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at International Business Machines

In other news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of the company’s stock in a transaction dated Friday, November 8th. The stock was 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 in the company, valued at approximately $5,463,928. This represents a 12.42 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.07% of the stock is currently owned by company insiders.

International Business Machines Trading Up 1.5 %

NYSE IBM opened at $226.25 on Tuesday. The company has a market capitalization of $209.20 billion, a PE ratio of 32.93, a price-to-earnings-growth ratio of 5.01 and a beta of 0.71. International Business Machines Co. has a 1-year low of $154.75 and a 1-year high of $237.37. 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’s fifty day simple moving average is $219.63 and its 200-day simple moving average is $196.00.

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 the consensus estimate of $2.27 by $0.03. The company had revenue of $14.97 billion for 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 firm posted $2.20 EPS. As a group, sell-side analysts anticipate that International Business Machines Co. will post 10.12 earnings per share for the current fiscal year.

International Business Machines Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Tuesday, November 12th will be given a $1.67 dividend. This represents a $6.68 annualized dividend and a yield of 2.95%. The ex-dividend date is Tuesday, November 12th. International Business Machines’s dividend payout ratio is 97.23%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on IBM shares. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $250.00 price target on shares of International Business Machines in a report on Thursday, October 24th. BMO Capital Markets upped their target price on International Business Machines from $235.00 to $260.00 and gave the company a “market perform” rating in a report on Thursday, October 24th. Morgan Stanley decreased their price target on International Business Machines from $217.00 to $208.00 and set an “equal weight” rating for the company in a research report on Thursday, October 24th. StockNews.com downgraded International Business Machines from a “buy” rating to a “hold” rating in a report on Wednesday, November 20th. Finally, DZ Bank cut shares of International Business Machines from a “buy” rating to a “hold” rating and set a $215.00 target price for the company. in a report on Wednesday, October 2nd. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, International Business Machines currently 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.