Swiss National Bank Acquires 12,400 Shares of International Business Machines Co. (NYSE:IBM)

Swiss National Bank boosted its position in International Business Machines Co. (NYSE:IBM - Free Report) by 0.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,726,700 shares of the technology company's stock after buying an additional 12,400 shares during the quarter. Swiss National Bank owned approximately 0.29% of International Business Machines worth $602,819,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Claro Advisors LLC increased its stake in shares of International Business Machines by 18.2% in the third quarter. Claro Advisors LLC now owns 6,693 shares of the technology company's stock worth $1,480,000 after purchasing an additional 1,031 shares during the period. Peterson Financial Group Inc. acquired a new stake in International Business Machines in the 3rd quarter valued at approximately $237,000. Tower Bridge Advisors increased its position in International Business Machines by 22.5% in the 3rd quarter. Tower Bridge Advisors now owns 13,484 shares of the technology company's stock worth $2,981,000 after buying an additional 2,475 shares during the period. Adero Partners LLC acquired a new position in shares of International Business Machines during the third quarter worth approximately $289,000. Finally, Atlanta Consulting Group Advisors LLC boosted its position in shares of International Business Machines by 4.1% in the third quarter. Atlanta Consulting Group Advisors LLC now owns 1,703 shares of the technology company's stock valued at $376,000 after acquiring an additional 67 shares during the period. Institutional investors own 58.96% of the company's stock.

International Business Machines Price Performance

Shares of International Business Machines stock traded down $4.00 during mid-day trading on Friday, reaching $204.99. 3,986,460 shares of the stock were exchanged, compared to its average volume of 4,693,159. The company has a market cap of $189.54 billion, a price-to-earnings ratio of 29.84, a price-to-earnings-growth ratio of 4.60 and a beta of 0.71. International Business Machines Co. has a fifty-two week low of $152.13 and a fifty-two week high of $237.37. 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 firm has a 50-day simple moving average of $218.79 and a 200 day simple moving average of $193.88.

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 company 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%. The company's revenue was up 1.5% on a year-over-year basis. During the same quarter last year, the business posted $2.20 earnings per share. On average, sell-side analysts predict that International Business Machines Co. will post 10.12 EPS for the current fiscal year.

International Business Machines Announces Dividend

The firm also recently announced 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 of this dividend is Tuesday, November 12th. This represents a $6.68 dividend on an annualized basis and a dividend yield of 3.26%. International Business Machines's dividend payout ratio (DPR) is presently 97.23%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Bank of America upped their target price on shares of International Business Machines from $209.00 to $250.00 and gave the company a "buy" rating in a research note on Wednesday, October 9th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $250.00 price objective on shares of International Business Machines in a research report on Thursday, October 24th. Evercore ISI lifted their target price on International Business Machines from $215.00 to $240.00 and gave the stock an "outperform" rating in a research report on Wednesday, September 11th. Jefferies Financial Group boosted their price target 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, DZ Bank downgraded International Business Machines from a "buy" rating to a "hold" rating and set a $215.00 price objective for the company. in a research report on Wednesday, October 2nd. Three investment 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. According to MarketBeat, the company has an average rating of "Hold" and an average target price of $208.12.

Insider Activity at International Business Machines

In other news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of International Business Machines stock in a transaction on 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 approximately $5,463,928. This trade represents a 12.42 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.07% of the stock is currently owned by company insiders.

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.