International Business Machines Co. (NYSE:IBM) Position Decreased by Moors & Cabot Inc.

Moors & Cabot Inc. reduced its position in shares of International Business Machines Co. (NYSE:IBM - Free Report) by 5.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 82,520 shares of the technology company's stock after selling 4,407 shares during the period. International Business Machines comprises approximately 0.9% of Moors & Cabot Inc.'s portfolio, making the stock its 18th largest position. Moors & Cabot Inc.'s holdings in International Business Machines were worth $18,244,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the stock. International Assets Investment Management LLC raised its position in International Business Machines by 20,324.5% in the third quarter. International Assets Investment Management LLC now owns 2,715,636 shares of the technology company's stock worth $600,373,000 after acquiring an additional 2,702,340 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of International Business Machines by 151.6% in the 1st 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 purchasing an additional 2,118,165 shares in the last quarter. Thrivent Financial for Lutherans increased its holdings in shares of International Business Machines by 306.3% in the 2nd quarter. Thrivent Financial for Lutherans now owns 1,401,798 shares of the technology company's stock valued at $242,441,000 after purchasing an additional 1,056,759 shares in the last quarter. Strategic Financial Concepts LLC increased its holdings in shares of International Business Machines by 12,282.2% in the 2nd quarter. Strategic Financial Concepts LLC now owns 472,382 shares of the technology company's stock valued at $817,000 after purchasing an additional 468,567 shares in the last quarter. Finally, KBC Group NV increased its holdings in shares of International Business Machines by 103.1% in the 3rd quarter. KBC Group NV now owns 886,323 shares of the technology company's stock valued at $195,948,000 after purchasing an additional 449,912 shares in the last quarter. Hedge funds and other institutional investors own 58.96% of the company's stock.

Wall Street Analysts Forecast Growth

IBM has been the subject of a number of research analyst reports. Stifel Nicolaus increased their price target on shares of International Business Machines from $205.00 to $246.00 and gave the company a "buy" rating in a report on Wednesday, October 16th. Jefferies Financial Group increased their price target on shares of International Business Machines from $200.00 to $245.00 and gave the company a "hold" rating in a report on Monday, October 21st. Royal Bank of Canada reissued an "outperform" rating and issued a $250.00 price objective on shares of International Business Machines in a research note on Thursday, October 24th. DZ Bank cut shares of International Business Machines from a "buy" rating to a "hold" rating and set a $215.00 price objective on the stock. in a research note on Wednesday, October 2nd. Finally, Hsbc Global Res raised shares of International Business Machines to a "moderate sell" rating in a research note on Friday, July 26th. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, International Business Machines has an average rating of "Hold" and an average target price of $208.12.

International Business Machines Stock Performance

Shares of NYSE:IBM traded up $4.36 on Wednesday, reaching $214.61. 4,562,210 shares of the company's stock were exchanged, compared to its average volume of 4,228,829. The firm has a market capitalization of $198.44 billion, a price-to-earnings ratio of 30.68, a PEG ratio of 4.60 and a beta of 0.71. International Business Machines Co. has a fifty-two week low of $153.51 and a fifty-two week high of $237.37. The business's 50-day moving average is $218.98 and its two-hundred day moving average is $194.50. The company has a quick ratio of 1.01, a current ratio of 1.06 and a debt-to-equity ratio of 2.16.

International Business Machines (NYSE:IBM - Get Free Report) last issued its 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 company had revenue of $14.97 billion for the quarter, compared to analysts' expectations of $15.08 billion. International Business Machines had a net margin of 10.22% and a return on equity of 40.52%. The firm's revenue was up 1.5% compared to the same quarter last year. During the same period in the prior year, the company earned $2.20 earnings per share. As a group, equities research analysts forecast that International Business Machines Co. will post 10.12 EPS for the current year.

International Business Machines Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Tuesday, November 12th will be given a dividend of $1.67 per share. The ex-dividend date of this dividend is Tuesday, November 12th. This represents a $6.68 annualized dividend and a dividend yield of 3.11%. International Business Machines's dividend payout ratio is currently 97.23%.

Insider Transactions at International Business Machines

In related news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of the stock in a transaction dated 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 position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 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.