Aljian Capital Management LLC Buys New Shares in International Business Machines Co. (NYSE:IBM)

Aljian Capital Management LLC bought a new position in International Business Machines Co. (NYSE:IBM - Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 2,763 shares of the technology company's stock, valued at approximately $611,000.

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

Analysts Set New Price Targets

A number of research analysts have recently commented on IBM shares. 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 report on Wednesday, October 2nd. BMO Capital Markets raised their price target on shares of International Business Machines from $235.00 to $260.00 and gave the stock a "market perform" rating in a research report on Thursday, October 24th. StockNews.com raised shares of International Business Machines from a "hold" rating to a "buy" rating in a research report on Tuesday, November 12th. UBS Group lifted their target price on International Business Machines from $130.00 to $145.00 and gave the stock a "sell" rating in a research report on Wednesday, September 4th. Finally, Morgan Stanley cut their price target on International Business Machines from $217.00 to $208.00 and set an "equal weight" rating for the company in a report on Thursday, October 24th. Three equities 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. Based on data from MarketBeat, International Business Machines currently has a consensus rating of "Hold" and a consensus target price of $208.12.

International Business Machines Trading Up 1.5 %

IBM traded up $3.10 during mid-day trading on Monday, reaching $208.09. The stock had a trading volume of 3,367,266 shares, compared to its average volume of 4,233,470. The firm's fifty day simple moving average is $218.88 and its two-hundred day simple moving average is $194.18. The stock has a market capitalization of $192.41 billion, a P/E ratio of 30.29, a P/E/G ratio of 4.60 and a beta of 0.71. International Business Machines Co. has a 52 week low of $152.35 and a 52 week high of $237.37. The company has a debt-to-equity ratio of 2.16, a quick ratio of 1.01 and a current ratio of 1.06.

International Business Machines (NYSE:IBM - Get Free Report) last issued its quarterly earnings results on Wednesday, October 23rd. The technology company reported $2.30 EPS for the quarter, topping the consensus estimate of $2.27 by $0.03. International Business Machines had a net margin of 10.22% and a return on equity of 40.52%. The company had revenue of $14.97 billion during the quarter, compared to analysts' expectations of $15.08 billion. During the same quarter in the previous year, the company earned $2.20 EPS. International Business Machines's revenue was up 1.5% on a year-over-year basis. On average, equities analysts predict that International Business Machines Co. will post 10.12 EPS for the current year.

International Business Machines Announces Dividend

The company 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 dividend of $1.67 per share. This represents a $6.68 annualized dividend and a yield of 3.21%. 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 other news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of the company's stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $215.20, for a total value of $774,720.00. Following the completion of the transaction, the senior vice president now owns 25,390 shares in the company, valued at $5,463,928. This represents a 12.42 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.07% of the company's stock.

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.