OneDigital Investment Advisors LLC Increases Stock Holdings in International Business Machines Co. (NYSE:IBM)

OneDigital Investment Advisors LLC raised its stake in International Business Machines Co. (NYSE:IBM - Free Report) by 17.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 26,017 shares of the technology company's stock after acquiring an additional 3,789 shares during the period. OneDigital Investment Advisors LLC's holdings in International Business Machines were worth $5,752,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Lifeworks Advisors LLC raised its holdings in International Business Machines by 27.4% in the 3rd quarter. Lifeworks Advisors LLC now owns 30,244 shares of the technology company's stock worth $6,686,000 after acquiring an additional 6,513 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. increased its holdings in shares of International Business Machines by 7.2% in the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 25,199 shares of the technology company's stock worth $5,571,000 after purchasing an additional 1,690 shares in the last quarter. Metis Global Partners LLC raised its stake in shares of International Business Machines by 4.8% in the third quarter. Metis Global Partners LLC now owns 60,482 shares of the technology company's stock worth $13,371,000 after purchasing an additional 2,743 shares during the last quarter. Endowment Wealth Management Inc. purchased a new stake in shares of International Business Machines during the third quarter valued at $213,000. Finally, Planning Capital Management Corp increased its holdings in International Business Machines by 5.8% in the 3rd quarter. Planning Capital Management Corp now owns 1,474 shares of the technology company's stock worth $326,000 after buying an additional 81 shares in the last quarter. 58.96% of the stock is currently owned by institutional investors.

International Business Machines Price Performance

NYSE IBM traded down $4.00 during trading hours on Friday, reaching $204.99. The company's stock had a trading volume of 3,986,460 shares, compared to its average volume of 4,237,182. 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 Co. has a 1 year low of $152.13 and a 1 year high of $237.37. The firm's 50-day moving average price is $218.79 and its 200-day moving average price is $193.48. The company has a market capitalization of $189.54 billion, a price-to-earnings ratio of 29.84, a PEG ratio of 4.74 and a beta of 0.71.

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 firm had revenue of $14.97 billion during the quarter, compared to analyst estimates 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 for the quarter was up 1.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.20 earnings per share. On average, equities research analysts predict that International Business Machines Co. will post 10.11 EPS for the current fiscal year.

International Business Machines Dividend Announcement

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

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on IBM. StockNews.com raised shares of International Business Machines from a "hold" rating to a "buy" rating in a report on Tuesday. Bank of America lifted their target price 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 increased their price target on International Business Machines from $215.00 to $240.00 and gave the company an "outperform" rating in a report on Wednesday, September 11th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $250.00 price objective on shares of International Business Machines in a report on Thursday, October 24th. Finally, Bernstein Bank boosted their target price on shares of International Business Machines from $185.00 to $210.00 and gave the company a "market perform" rating in a research report on Thursday, October 3rd. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat, International Business Machines has an average rating of "Hold" and an average price target of $208.12.

Insider Buying and Selling at International Business Machines

In related news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of the company's stock in a transaction on Friday, November 8th. The shares were sold at an average price of $215.20, for a total transaction of $774,720.00. Following the sale, the senior vice president now owns 25,390 shares of the company's stock, valued at $5,463,928. This represents a 12.42 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.07% of the stock is currently owned by company insiders.

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.