24,406 Shares in International Business Machines Co. (NYSE:IBM) Bought by Oddo BHF Asset Management Sas

Oddo BHF Asset Management Sas purchased a new stake in International Business Machines Co. (NYSE:IBM - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 24,406 shares of the technology company's stock, valued at approximately $5,396,000.

A number of other hedge funds have also recently added to or reduced their stakes in IBM. International Assets Investment Management LLC lifted its position in shares of 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 buying an additional 2,702,340 shares during the last quarter. Holocene Advisors LP bought a new position in shares of International Business Machines in the 3rd quarter valued at approximately $573,306,000. State Street Corp lifted its holdings in International Business Machines by 2.2% in the 3rd quarter. State Street Corp now owns 55,671,883 shares of the technology company's stock worth $12,307,940,000 after purchasing an additional 1,200,803 shares during the last quarter. Thrivent Financial for Lutherans grew its holdings in International Business Machines by 306.3% during the second 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 during the last quarter. Finally, Eagle Asset Management Inc. boosted its holdings in shares of International Business Machines by 587.1% during the 3rd quarter. Eagle Asset Management Inc. now owns 628,213 shares of the technology company's stock worth $134,262,000 after buying an additional 536,785 shares during the period. Institutional investors and hedge funds own 58.96% of the company's stock.

International Business Machines Price Performance

Shares of International Business Machines stock traded down $1.51 during trading on Friday, reaching $230.75. The company's stock had a trading volume of 2,757,381 shares, compared to its average volume of 4,227,999. International Business Machines Co. has a one year low of $157.88 and a one year high of $239.35. The stock has a 50-day moving average price of $222.57 and a two-hundred day moving average price of $201.12. The company has a current ratio of 1.06, a quick ratio of 1.01 and a debt-to-equity ratio of 2.16. The stock has a market capitalization of $213.36 billion, a P/E ratio of 33.81, a price-to-earnings-growth ratio of 5.17 and a beta of 0.73.

International Business Machines (NYSE:IBM - Get Free Report) last posted its quarterly earnings data on Wednesday, October 23rd. The technology company reported $2.30 earnings per share for the quarter, topping the consensus estimate 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 net margin of 10.22% and a return on equity of 40.52%. International Business Machines's revenue was up 1.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.20 EPS. As a group, sell-side analysts anticipate that International Business Machines Co. will post 10.12 EPS for the current fiscal year.

International Business Machines Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Tuesday, November 12th were given a dividend of $1.67 per share. The ex-dividend date was Tuesday, November 12th. This represents a $6.68 dividend on an annualized basis and a yield of 2.89%. International Business Machines's payout ratio is presently 97.23%.

Insider Transactions at International Business Machines

In other news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of the company's stock in a transaction dated 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 $5,463,928. This represents a 12.42 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.07% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts have weighed in on IBM shares. The Goldman Sachs Group boosted 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. DZ Bank lowered 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. Bank of America increased their price objective on International Business Machines from $209.00 to $250.00 and gave the company a "buy" rating in a research report on Wednesday, October 9th. Bernstein Bank raised their price target on shares of 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. Finally, BMO Capital Markets increased their target price on shares of International Business Machines from $235.00 to $260.00 and gave the company a "market perform" rating in a research note on Thursday, October 24th. Three analysts have rated the stock with a sell rating, nine have given a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $208.12.

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.