International Business Machines Co. (NYSE:IBM) Shares Sold by IFM Investors Pty Ltd

IFM Investors Pty Ltd decreased its holdings in shares of International Business Machines Co. (NYSE:IBM) by 0.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 186,464 shares of the technology company’s stock after selling 143 shares during the period. IFM Investors Pty Ltd’s holdings in International Business Machines were worth $41,223,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. FPC Investment Advisory Inc. acquired a new stake in shares of International Business Machines during the 1st quarter valued at approximately $26,000. ESL Trust Services LLC acquired a new position in International Business Machines during the first quarter worth $28,000. Oliver Lagore Vanvalin Investment Group purchased a new stake in International Business Machines during the second quarter worth $36,000. Wolff Wiese Magana LLC grew its holdings in International Business Machines by 37.0% in the second quarter. Wolff Wiese Magana LLC now owns 222 shares of the technology company’s stock valued at $38,000 after purchasing an additional 60 shares during the last quarter. Finally, Briaud Financial Planning Inc increased its position in shares of International Business Machines by 54.3% in the second quarter. Briaud Financial Planning Inc now owns 284 shares of the technology company’s stock valued at $49,000 after buying an additional 100 shares in the last quarter. 58.96% of the stock is owned by hedge funds and other institutional investors.

International Business Machines Stock Performance

IBM traded down $15.11 during trading hours on Thursday, hitting $217.64. 6,313,973 shares of the stock were exchanged, compared to its average volume of 4,201,670. The stock has a 50-day simple moving average of $214.67 and a 200-day simple moving average of $190.05. The company has a debt-to-equity ratio of 2.20, a current ratio of 1.12 and a quick ratio of 1.08. International Business Machines Co. has a 12 month low of $136.33 and a 12 month high of $237.37. The stock has a market cap of $199.92 billion, a price-to-earnings ratio of 24.71, a price-to-earnings-growth ratio of 5.21 and a beta of 0.70.

International Business Machines (NYSE:IBM) last announced its earnings results on Wednesday, October 23rd. The technology company reported $2.30 EPS for the quarter, beating the consensus estimate of $2.25 by $0.05. The business had revenue of $14.97 billion during the quarter, compared to the consensus estimate of $15.08 billion. International Business Machines had a return on equity of 40.59% and a net margin of 13.52%. International Business Machines’s revenue was up 1.5% compared to the same quarter last year. During the same period in the prior year, the business posted $2.20 earnings per share. Analysts anticipate that International Business Machines Co. will post 10.1 earnings per share for the current year.

International Business Machines Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Friday, August 9th were given a $1.67 dividend. This represents a $6.68 annualized dividend and a yield of 3.07%. The ex-dividend date of this dividend was Friday, August 9th. International Business Machines’s dividend payout ratio is currently 75.65%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on IBM. Hsbc Global Res upgraded shares of International Business Machines to a “moderate sell” rating in a report on Friday, July 26th. Stifel Nicolaus raised their price objective on shares of International Business Machines from $205.00 to $246.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. Jefferies Financial Group upped 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. Evercore ISI boosted their price target on International Business Machines from $215.00 to $240.00 and gave the stock an “outperform” rating in a report on Wednesday, September 11th. Finally, UBS Group increased their price objective on International Business Machines from $130.00 to $145.00 and gave the company a “sell” rating in a research note on Wednesday, September 4th. Three equities research 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. According to MarketBeat.com, International Business Machines currently has an average rating of “Hold” and a consensus price target of $208.65.

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.