International Business Machines Co. (NYSE:IBM) Shares Bought by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC raised its holdings in International Business Machines Co. (NYSE:IBM - Free Report) by 33.0% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 15,326 shares of the technology company's stock after acquiring an additional 3,801 shares during the quarter. Los Angeles Capital Management LLC's holdings in International Business Machines were worth $3,388,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Susquehanna Fundamental Investments LLC acquired a new position in International Business Machines in the 2nd quarter valued at about $7,160,000. Philip James Wealth Mangement LLC acquired a new position in International Business Machines in the 3rd quarter valued at about $5,117,000. Focused Wealth Management Inc raised 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 purchasing an additional 3,887 shares during the last quarter. QRG Capital Management Inc. raised its stake in International Business Machines by 4.5% in the 3rd quarter. QRG Capital Management Inc. now owns 140,185 shares of the technology company's stock valued at $30,992,000 after purchasing an additional 6,004 shares during the last quarter. Finally, F M Investments LLC raised its stake in International Business Machines by 39.6% in the 3rd quarter. F M Investments LLC now owns 61,938 shares of the technology company's stock valued at $13,696,000 after purchasing an additional 17,554 shares during the last quarter. Institutional investors and hedge funds own 58.96% of the company's stock.

Insiders Place Their Bets

In other International Business Machines news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of the company'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 completion of the transaction, the senior vice president now owns 25,390 shares in the company, valued at $5,463,928. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.07% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on IBM shares. Bank of America boosted their target price on shares of International Business Machines from $209.00 to $250.00 and gave the company a "buy" rating in a research note on Wednesday, October 9th. UBS Group lifted their price target on International Business Machines from $130.00 to $145.00 and gave the company a "sell" rating in a report on Wednesday, September 4th. 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. Bernstein Bank lifted their price target on International Business Machines from $185.00 to $210.00 and gave the company a "market perform" rating in a report on Thursday, October 3rd. Finally, DZ Bank cut 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. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $208.12.

International Business Machines Stock Up 0.0 %

NYSE IBM traded up $0.05 on Wednesday, reaching $210.91. The company had a trading volume of 3,247,328 shares, compared to its average volume of 4,228,623. The firm has a market capitalization of $195.02 billion, a PE ratio of 30.70, a P/E/G ratio of 4.74 and a beta of 0.71. International Business Machines Co. has a 1 year low of $149.05 and a 1 year high of $237.37. The firm has a 50-day moving average of $218.44 and a 200-day moving average of $192.98. 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 (NYSE:IBM - Get Free Report) last released 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. The firm had revenue of $14.97 billion during the quarter, compared to analysts' expectations of $15.08 billion. International Business Machines had a return on equity of 40.52% and a net margin of 10.22%. International Business Machines's quarterly revenue was up 1.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.20 EPS. On average, equities research analysts anticipate that International Business Machines Co. will post 10.11 EPS for the current fiscal year.

International Business Machines Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Tuesday, November 12th will be issued a $1.67 dividend. This represents a $6.68 dividend on an annualized basis and a yield of 3.17%. The ex-dividend date is Tuesday, November 12th. International Business Machines's dividend payout ratio is presently 97.23%.

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.