LaFleur & Godfrey LLC Has $6.96 Million Position in International Business Machines Co. (NYSE:IBM)

LaFleur & Godfrey LLC lowered its position in shares of International Business Machines Co. (NYSE:IBM - Free Report) by 28.9% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 31,477 shares of the technology company's stock after selling 12,802 shares during the quarter. LaFleur & Godfrey LLC's holdings in International Business Machines were worth $6,959,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Syon Capital LLC bought a new position in shares of International Business Machines in the fourth quarter worth $220,000. Creekmur Asset Management LLC bought a new stake in shares of International Business Machines during the 4th quarter worth approximately $29,000. Kapitalo Investimentos Ltda boosted its position in shares of International Business Machines by 309.0% during the 4th quarter. Kapitalo Investimentos Ltda now owns 1,452 shares of the technology company's stock worth $237,000 after acquiring an additional 1,097 shares in the last quarter. Cullen Investment Group LTD. lifted its stake in International Business Machines by 21.3% during the first quarter. Cullen Investment Group LTD. now owns 3,642 shares of the technology company's stock worth $688,000 after purchasing an additional 639 shares during the last quarter. Finally, Los Angeles Capital Management LLC boosted its holdings in shares of International Business Machines by 149.8% in the 1st quarter. Los Angeles Capital Management LLC now owns 204,709 shares of the technology company's stock valued at $39,091,000 after purchasing an additional 122,764 shares in the last quarter. 58.96% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Jefferies Financial Group upped their price objective on International Business Machines from $190.00 to $200.00 and gave the stock a "hold" rating in a research report on Thursday, July 25th. Stifel Nicolaus raised their price target on shares of International Business Machines from $205.00 to $246.00 and gave the company a "buy" rating in a research note on Wednesday. Bank of America upped their price objective on shares of International Business Machines from $209.00 to $250.00 and gave the stock a "buy" rating in a research report on Wednesday, October 9th. Evercore ISI raised their target price on shares of International Business Machines from $215.00 to $240.00 and gave the company an "outperform" rating in a research report on Wednesday, September 11th. Finally, UBS Group boosted their price objective 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. Three 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. According to data from MarketBeat.com, International Business Machines has an average rating of "Hold" and a consensus target price of $200.82.

International Business Machines Trading Up 0.3 %

Shares of IBM stock traded up $0.68 during mid-day trading on Wednesday, hitting $233.64. The company's stock had a trading volume of 2,842,246 shares, compared to its average volume of 4,188,823. The company has a market cap of $214.62 billion, a PE ratio of 26.26, a P/E/G ratio of 5.21 and a beta of 0.70. The company has a debt-to-equity ratio of 2.20, a quick ratio of 1.08 and a current ratio of 1.12. The company's fifty day simple moving average is $209.64 and its 200-day simple moving average is $188.23. International Business Machines Co. has a 52 week low of $135.87 and a 52 week high of $237.37.

International Business Machines (NYSE:IBM - Get Free Report) last issued its quarterly earnings results on Wednesday, July 24th. The technology company reported $2.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.16 by $0.27. International Business Machines had a return on equity of 40.59% and a net margin of 13.52%. The firm had revenue of $15.77 billion for the quarter, compared to analyst estimates of $15.62 billion. During the same period in the previous year, the firm earned $2.18 earnings per share. The company's revenue was up 1.9% compared to the same quarter last year. As a group, equities research analysts expect that International Business Machines Co. will post 10.1 earnings per share for the current fiscal year.

International Business Machines Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Friday, August 9th were issued a dividend of $1.67 per share. The ex-dividend date of this dividend was Friday, August 9th. This represents a $6.68 annualized dividend and a dividend yield of 2.86%. International Business Machines's dividend payout ratio is currently 75.65%.

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.