Cerity Partners LLC Buys 2,648 Shares of International Business Machines Co. (NYSE:IBM)

Cerity Partners LLC boosted its holdings in International Business Machines Co. (NYSE:IBM - Free Report) by 0.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 299,691 shares of the technology company's stock after buying an additional 2,648 shares during the period. Cerity Partners LLC's holdings in International Business Machines were worth $66,256,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of IBM. Meeder Asset Management Inc. boosted its position in shares of International Business Machines by 40.9% during the 3rd quarter. Meeder Asset Management Inc. now owns 572 shares of the technology company's stock valued at $126,000 after acquiring an additional 166 shares in the last quarter. Susquehanna Fundamental Investments LLC bought a new stake in shares of International Business Machines in the 2nd quarter valued at approximately $7,160,000. Philip James Wealth Mangement LLC acquired a new position in shares of International Business Machines in the 3rd quarter worth approximately $5,117,000. Aljian Capital Management LLC bought a new position in shares of International Business Machines during the 3rd quarter worth approximately $611,000. Finally, Focused Wealth Management Inc boosted its stake in International Business Machines by 52.2% in the 3rd quarter. Focused Wealth Management Inc now owns 11,327 shares of the technology company's stock valued at $2,504,000 after buying an additional 3,887 shares in the last quarter. 58.96% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at International Business Machines

In other International Business Machines news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of the stock in a transaction 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 sale, the senior vice president now owns 25,390 shares in the company, valued at $5,463,928. This trade represents a 12.42 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.07% of the stock is owned by company insiders.

International Business Machines Stock Up 0.3 %

IBM traded up $0.57 during trading on Friday, reaching $222.97. The company had a trading volume of 5,320,740 shares, compared to its average volume of 4,315,075. The business's fifty day moving average price is $219.45 and its 200 day moving average price is $195.39. The company has a debt-to-equity ratio of 2.16, a current ratio of 1.06 and a quick ratio of 1.01. International Business Machines Co. has a 12 month low of $153.92 and a 12 month high of $237.37. The company has a market cap of $206.17 billion, a P/E ratio of 32.46, a PEG ratio of 4.99 and a beta of 0.71.

International Business Machines (NYSE:IBM - Get Free Report) last posted its quarterly earnings data on Wednesday, October 23rd. The technology company reported $2.30 earnings per share (EPS) 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 business 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 company earned $2.20 earnings per share. International Business Machines's quarterly revenue was up 1.5% on a year-over-year basis. Equities analysts anticipate that International Business Machines Co. will post 10.12 EPS for the current year.

International Business Machines Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Tuesday, November 12th will be issued a $1.67 dividend. This represents a $6.68 annualized dividend and a dividend yield of 3.00%. The ex-dividend date is Tuesday, November 12th. International Business Machines's payout ratio is 97.23%.

Analyst Ratings Changes

A number of brokerages recently issued reports on IBM. Stifel Nicolaus increased their target price on shares of International Business Machines from $205.00 to $246.00 and gave the stock a "buy" rating in a research report on Wednesday, October 16th. Bernstein Bank increased their price target on International Business Machines from $185.00 to $210.00 and gave the stock a "market perform" rating in a research report on Thursday, October 3rd. BMO Capital Markets lifted their price objective on International Business Machines from $235.00 to $260.00 and gave the company a "market perform" rating in a research report on Thursday, October 24th. Jefferies Financial Group lifted their price target on International Business Machines from $200.00 to $245.00 and gave the company a "hold" rating in a report on Monday, October 21st. Finally, Royal Bank of Canada reissued an "outperform" rating and set a $250.00 price objective on shares of International Business Machines in a report on Thursday, October 24th. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, International Business Machines has an average rating of "Hold" and an average price target 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.