Quantinno Capital Management LP Has $7.40 Million Stock Position in International Business Machines Co. (NYSE:IBM)

Quantinno Capital Management LP lifted its stake in shares of International Business Machines Co. (NYSE:IBM - Free Report) by 59.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 33,468 shares of the technology company's stock after purchasing an additional 12,527 shares during the quarter. Quantinno Capital Management LP's holdings in International Business Machines were worth $7,399,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Ellenbecker Investment Group raised its position in shares of International Business Machines by 2.3% during the third quarter. Ellenbecker Investment Group now owns 2,049 shares of the technology company's stock worth $453,000 after purchasing an additional 46 shares during the period. Goldstein Advisors LLC grew its holdings in shares of International Business Machines by 4.0% during the third quarter. Goldstein Advisors LLC now owns 1,217 shares of the technology company's stock worth $269,000 after buying an additional 47 shares in the last quarter. Vertex Planning Partners LLC grew its holdings in shares of International Business Machines by 3.6% during the third quarter. Vertex Planning Partners LLC now owns 1,346 shares of the technology company's stock worth $298,000 after buying an additional 47 shares in the last quarter. Sollinda Capital Management LLC grew its holdings in shares of International Business Machines by 3.7% during the third quarter. Sollinda Capital Management LLC now owns 1,360 shares of the technology company's stock worth $301,000 after buying an additional 49 shares in the last quarter. Finally, Lansing Street Advisors grew its holdings in shares of International Business Machines by 3.4% during the third quarter. Lansing Street Advisors now owns 1,503 shares of the technology company's stock worth $332,000 after buying an additional 49 shares in the last quarter. 58.96% of the stock is currently owned by institutional investors.

Insider Activity

In other news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of the 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 owns 25,390 shares of the company's stock, valued at approximately $5,463,928. This represents a 12.42 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.07% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. StockNews.com downgraded International Business Machines from a "buy" rating to a "hold" rating in a report on Wednesday, November 20th. Royal Bank of Canada reiterated an "outperform" rating and set a $250.00 price objective on shares of International Business Machines in a report on Thursday, October 24th. Jefferies Financial Group boosted their price target on International Business Machines from $200.00 to $245.00 and gave the stock a "hold" rating in a research report on Monday, October 21st. Stifel Nicolaus increased their price objective on International Business Machines from $205.00 to $246.00 and gave the company a "buy" rating in a report on Wednesday, October 16th. Finally, 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 report on Monday, September 30th. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the company. According to MarketBeat, International Business Machines currently has an average rating of "Hold" and an average price target of $208.12.

International Business Machines Price Performance

Shares of NYSE:IBM traded up $3.29 during trading on Friday, reaching $238.04. 4,028,430 shares of the company traded hands, compared to its average volume of 3,745,022. International Business Machines Co. has a 52 week low of $157.88 and a 52 week high of $238.38. The company's 50 day moving average is $221.74 and its two-hundred day moving average is $199.67. The company has a quick ratio of 1.01, a current ratio of 1.06 and a debt-to-equity ratio of 2.16. The firm has a market capitalization of $220.10 billion, a PE ratio of 34.65, a PEG ratio of 5.24 and a beta of 0.73.

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 (EPS) for the quarter, topping analysts' consensus estimates of $2.27 by $0.03. International Business Machines had a return on equity of 40.52% and a net margin of 10.22%. The business had revenue of $14.97 billion during the quarter, compared to analysts' expectations of $15.08 billion. During the same quarter in the prior year, the firm earned $2.20 EPS. The business's revenue for the quarter was up 1.5% compared to the same quarter last year. As a group, sell-side analysts predict that International Business Machines Co. will post 10.12 earnings per share for the current year.

International Business Machines Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Tuesday, November 12th will be paid a $1.67 dividend. The ex-dividend date is Tuesday, November 12th. This represents a $6.68 annualized dividend and a dividend yield of 2.81%. International Business Machines's payout ratio is 97.23%.

International Business Machines Company 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.