Vest Financial LLC Has $64.24 Million Stake in International Business Machines Co. (NYSE:IBM)

Vest Financial LLC increased its holdings in shares of International Business Machines Co. (NYSE:IBM - Free Report) by 10.3% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 290,556 shares of the technology company's stock after purchasing an additional 27,089 shares during the period. International Business Machines accounts for approximately 1.2% of Vest Financial LLC's holdings, making the stock its 5th largest position. Vest Financial LLC's holdings in International Business Machines were worth $64,236,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of IBM. Susquehanna Fundamental Investments LLC acquired a new position in International Business Machines in the 2nd quarter valued at about $7,160,000. Hodges Capital Management Inc. grew its position in shares of International Business Machines by 60.8% in the first quarter. Hodges Capital Management Inc. now owns 20,535 shares of the technology company's stock valued at $3,921,000 after purchasing an additional 7,768 shares during the last quarter. Burns J W & Co. Inc. NY increased its stake in shares of International Business Machines by 10.8% during the first quarter. Burns J W & Co. Inc. NY now owns 2,571 shares of the technology company's stock worth $491,000 after purchasing an additional 250 shares during the period. Smith Thornton Advisors LLC acquired a new stake in International Business Machines during the 2nd quarter worth approximately $702,000. Finally, Retirement Planning Group LLC bought a new stake in International Business Machines in the 3rd quarter valued at $618,000. Institutional investors and hedge funds own 58.96% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on IBM shares. 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. DZ Bank downgraded shares of International Business Machines from a "buy" rating to a "hold" rating and set a $215.00 price objective for the company. in a research note on Wednesday, October 2nd. Morgan Stanley lifted their price target on International Business Machines from $182.00 to $217.00 and gave the company an "equal weight" rating in a research note on Thursday. The Goldman Sachs Group lifted their target price on shares of International Business Machines from $220.00 to $250.00 and gave the stock a "buy" rating in a research report on Monday, September 30th. Finally, Stifel Nicolaus upped 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 report on Wednesday. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $203.06.

International Business Machines Trading Down 0.3 %

Shares of IBM stock traded down $0.68 during trading hours on Friday, hitting $232.20. 4,715,688 shares of the company were exchanged, compared to its average volume of 4,195,661. The company has a debt-to-equity ratio of 2.20, a quick ratio of 1.08 and a current ratio of 1.12. International Business Machines Co. has a fifty-two week low of $135.87 and a fifty-two week high of $237.37. The company has a 50 day simple moving average of $212.19 and a two-hundred day simple moving average of $189.14. The firm has a market cap of $213.30 billion, a P/E ratio of 26.30, a P/E/G ratio of 5.21 and a beta of 0.70.

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

International Business Machines Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Friday, August 9th were issued a $1.67 dividend. The ex-dividend date of this dividend was Friday, August 9th. This represents a $6.68 annualized dividend and a yield of 2.88%. International Business Machines's 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.