B. Metzler seel. Sohn & Co. Holding AG Buys Shares of 61,184 International Business Machines Co. (NYSE:IBM)

B. Metzler seel. Sohn & Co. Holding AG bought a new position in International Business Machines Co. (NYSE:IBM - Free Report) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 61,184 shares of the technology company's stock, valued at approximately $13,527,000.

Other large investors have also recently added to or reduced their stakes in the company. Legal & General Group Plc increased its holdings in shares of International Business Machines by 4.1% during the second quarter. Legal & General Group Plc now owns 8,487,827 shares of the technology company's stock valued at $1,467,974,000 after purchasing an additional 330,694 shares during the period. Ameriprise Financial Inc. boosted its stake in International Business Machines by 6.4% during the second quarter. Ameriprise Financial Inc. now owns 7,366,715 shares of the technology company's stock valued at $1,274,074,000 after buying an additional 444,698 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in International Business Machines by 6.8% during the second quarter. Dimensional Fund Advisors LP now owns 4,796,206 shares of the technology company's stock valued at $829,431,000 after buying an additional 304,390 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in International Business Machines by 151.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 3,515,666 shares of the technology company's stock valued at $671,352,000 after buying an additional 2,118,165 shares in the last quarter. Finally, Swiss National Bank boosted its stake in International Business Machines by 0.5% during the third quarter. Swiss National Bank now owns 2,726,700 shares of the technology company's stock valued at $602,819,000 after buying an additional 12,400 shares in the last quarter. 58.96% of the stock is owned by institutional investors and hedge funds.

International Business Machines Stock Up 1.1 %

Shares of IBM traded up $2.22 during midday trading on Tuesday, reaching $210.31. 2,859,740 shares of the stock were exchanged, compared to its average volume of 4,227,334. International Business Machines Co. has a 12-month low of $152.35 and a 12-month high of $237.37. The firm has a 50 day simple moving average of $218.88 and a 200-day simple moving average of $194.18. 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 company has a market cap of $194.46 billion, a price-to-earnings ratio of 30.21, a P/E/G ratio of 4.60 and a beta of 0.71.

International Business Machines (NYSE:IBM - Get Free Report) last posted its quarterly 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. International Business Machines had a return on equity of 40.52% and a net margin of 10.22%. The company had revenue of $14.97 billion during the quarter, compared to the consensus estimate of $15.08 billion. During the same period last year, the business earned $2.20 EPS. The business's quarterly revenue was up 1.5% on a year-over-year basis. Research analysts forecast that International Business Machines Co. will post 10.12 EPS for the current year.

International Business Machines Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Tuesday, November 12th will be paid a $1.67 dividend. This represents a $6.68 dividend on an annualized basis and a dividend yield of 3.18%. The ex-dividend date of this dividend is Tuesday, November 12th. International Business Machines's payout ratio is 97.23%.

Insider Activity at International Business Machines

In related news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of the firm's stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $215.20, for a total value of $774,720.00. Following the transaction, the senior vice president now directly owns 25,390 shares of the company's stock, valued at approximately $5,463,928. This trade represents a 12.42 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.07% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on IBM shares. StockNews.com upgraded International Business Machines from a "hold" rating to a "buy" rating in a research report on Tuesday, November 12th. Royal Bank of Canada reiterated an "outperform" rating and issued a $250.00 price target on shares of International Business Machines in a research report on Thursday, October 24th. DZ Bank lowered 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. Bernstein Bank increased their price target on International Business Machines from $185.00 to $210.00 and gave the company a "market perform" rating in a research report on Thursday, October 3rd. Finally, Bank of America increased their price target on International Business Machines from $209.00 to $250.00 and gave the company a "buy" rating in a research report on Wednesday, October 9th. 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's stock. Based on data from MarketBeat, International Business Machines currently has a consensus rating of "Hold" and an average price target of $208.12.

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.