Ontario Teachers Pension Plan Board Sells 4,233 Shares of International Business Machines Co. (NYSE:IBM)

Ontario Teachers Pension Plan Board reduced its stake in shares of International Business Machines Co. (NYSE:IBM - Free Report) by 67.9% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 2,005 shares of the technology company's stock after selling 4,233 shares during the period. Ontario Teachers Pension Plan Board's holdings in International Business Machines were worth $443,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in IBM. Meeder Asset Management Inc. grew its holdings in shares of International Business Machines by 40.9% in the third quarter. Meeder Asset Management Inc. now owns 572 shares of the technology company's stock valued at $126,000 after acquiring an additional 166 shares in the last quarter. Susquehanna Fundamental Investments LLC purchased a new stake in shares of International Business Machines during the second quarter worth $7,160,000. Philip James Wealth Mangement LLC purchased a new stake in shares of International Business Machines during the third quarter worth $5,117,000. Aljian Capital Management LLC purchased a new stake in shares of International Business Machines during the third quarter worth $611,000. Finally, Focused Wealth Management Inc lifted its position in shares of International Business Machines by 52.2% during the third quarter. Focused Wealth Management Inc now owns 11,327 shares of the technology company's stock worth $2,504,000 after acquiring an additional 3,887 shares in the last quarter. 58.96% of the stock is owned by institutional investors.

International Business Machines Stock Up 0.3 %

Shares of IBM traded up $0.61 on Friday, hitting $223.02. 5,320,339 shares of the stock traded hands, compared to its average volume of 4,238,078. The company has a debt-to-equity ratio of 2.16, a quick ratio of 1.01 and a current ratio of 1.06. International Business Machines Co. has a one year low of $153.92 and a one year high of $237.37. The company has a market capitalization of $206.21 billion, a PE ratio of 32.27, a P/E/G ratio of 4.72 and a beta of 0.71. The business has a 50 day simple moving average of $219.29 and a 200 day simple moving average of $194.83.

International Business Machines (NYSE:IBM - Get Free Report) last posted its earnings results on Wednesday, October 23rd. The technology company reported $2.30 EPS for the quarter, topping analysts' consensus estimates of $2.27 by $0.03. International Business Machines had a net margin of 10.22% and a return on equity of 40.52%. The business had revenue of $14.97 billion during the quarter, compared to the consensus estimate of $15.08 billion. During the same quarter in the previous year, the firm posted $2.20 EPS. The firm's revenue was up 1.5% on a year-over-year basis. As a group, equities analysts forecast that International Business Machines Co. will post 10.12 earnings per share for the current fiscal year.

International Business Machines Dividend Announcement

The company also recently announced 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 dividend yield of 3.00%. The ex-dividend date is Tuesday, November 12th. International Business Machines's dividend payout ratio (DPR) is 97.23%.

Analyst Ratings Changes

Several equities research analysts have issued reports on IBM shares. UBS Group increased their target price 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. Bank of America increased their price objective on International Business Machines from $209.00 to $250.00 and gave the stock a "buy" rating in a research report on Wednesday, October 9th. StockNews.com cut International Business Machines from a "buy" rating to a "hold" rating in a research note on Wednesday. Jefferies Financial Group increased their target price on International Business Machines from $200.00 to $245.00 and gave the company a "hold" rating in a research note on Monday, October 21st. Finally, Stifel Nicolaus increased their target price on International Business Machines from $205.00 to $246.00 and gave the company a "buy" rating in a research note on Wednesday, October 16th. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $208.12.

Insider Activity at International Business Machines

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

International Business Machines 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.