Natixis Advisors LLC Purchases 124,677 Shares of International Business Machines Co. (NYSE:IBM)

Natixis Advisors LLC increased its position in shares of International Business Machines Co. (NYSE:IBM - Free Report) by 36.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 467,699 shares of the technology company's stock after purchasing an additional 124,677 shares during the quarter. Natixis Advisors LLC owned 0.05% of International Business Machines worth $103,399,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. M&G Plc acquired a new stake in shares of International Business Machines during the 1st quarter worth approximately $16,329,000. TIAA Trust National Association boosted its holdings in shares of International Business Machines by 3.6% during the first quarter. TIAA Trust National Association now owns 99,745 shares of the technology company's stock valued at $19,047,000 after acquiring an additional 3,436 shares during the period. Acadian Asset Management LLC grew its position in shares of International Business Machines by 75.0% during the first quarter. Acadian Asset Management LLC now owns 871,924 shares of the technology company's stock worth $166,475,000 after acquiring an additional 373,555 shares during the last quarter. Patten & Patten Inc. TN increased its holdings in shares of International Business Machines by 7.7% in the 1st quarter. Patten & Patten Inc. TN now owns 6,572 shares of the technology company's stock worth $1,255,000 after acquiring an additional 468 shares during the period. Finally, Edgestream Partners L.P. lifted its position in International Business Machines by 119.6% in the 1st quarter. Edgestream Partners L.P. now owns 9,127 shares of the technology company's stock valued at $1,743,000 after purchasing an additional 4,971 shares during the last quarter. Institutional investors and hedge funds own 58.96% of the company's stock.

International Business Machines Stock Down 1.9 %

Shares of IBM stock traded down $4.00 on Friday, reaching $204.99. 3,986,460 shares of the company's stock traded hands, compared to its average volume of 4,237,182. The company has a market capitalization of $189.54 billion, a P/E ratio of 29.84, a price-to-earnings-growth ratio of 4.74 and a beta of 0.71. International Business Machines Co. has a 12-month low of $152.13 and a 12-month 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. The business's 50 day moving average price is $218.79 and its two-hundred day moving average price is $193.48.

International Business Machines (NYSE:IBM - Get Free Report) last announced its quarterly earnings data on Wednesday, October 23rd. The technology company reported $2.30 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analyst estimates 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% compared to the same quarter last year. On average, equities analysts forecast that International Business Machines Co. will post 10.11 earnings per share for the current year.

International Business Machines Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Tuesday, November 12th will be given a dividend of $1.67 per share. This represents a $6.68 annualized dividend and a yield of 3.26%. The ex-dividend date of this dividend is Tuesday, November 12th. International Business Machines's payout ratio is 97.23%.

Insider Buying and Selling

In other news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of the 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 sale, the senior vice president now directly owns 25,390 shares of the company's stock, valued at approximately $5,463,928. This represents a 12.42 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.07% of the company's stock.

Analysts Set New Price Targets

IBM has been the topic of several analyst reports. UBS Group raised their price target on shares of International Business Machines from $130.00 to $145.00 and gave the company a "sell" rating in a research note on Wednesday, September 4th. Evercore ISI increased their price target on International Business Machines from $215.00 to $240.00 and gave the stock an "outperform" rating in a research note on Wednesday, September 11th. Morgan Stanley cut their price objective on shares of International Business Machines from $217.00 to $208.00 and set an "equal weight" rating on the stock in a research note on Thursday, October 24th. StockNews.com upgraded shares of International Business Machines from a "hold" rating to a "buy" rating in a research report on Tuesday. Finally, Bank of America raised their price objective 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. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $208.12.

International Business Machines Company 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.