Tidal Investments LLC Has $32.23 Million Holdings in International Business Machines Co. (NYSE:IBM)

Tidal Investments LLC reduced its stake in shares of International Business Machines Co. (NYSE:IBM - Free Report) by 9.7% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 145,796 shares of the technology company's stock after selling 15,711 shares during the period. Tidal Investments LLC's holdings in International Business Machines were worth $32,233,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the stock. Hazlett Burt & Watson Inc. raised its holdings in International Business Machines by 1,054.5% in the 3rd quarter. Hazlett Burt & Watson Inc. now owns 127 shares of the technology company's stock worth $29,000 after acquiring an additional 116 shares during the period. Hara Capital LLC acquired a new stake in shares of International Business Machines in the third quarter valued at about $29,000. Oliver Lagore Vanvalin Investment Group acquired a new position in shares of International Business Machines during the 2nd quarter worth about $36,000. Capital Performance Advisors LLP bought a new stake in International Business Machines during the 3rd quarter valued at approximately $43,000. Finally, Briaud Financial Planning Inc grew its holdings in International Business Machines by 54.3% in the 2nd quarter. Briaud Financial Planning Inc now owns 284 shares of the technology company's stock valued at $49,000 after buying an additional 100 shares during the last quarter. 58.96% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. Evercore ISI raised 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. Bank of America raised their price target on shares of International Business Machines from $209.00 to $250.00 and gave the stock a "buy" rating in a research note on Wednesday, October 9th. Bernstein Bank upped their price objective on International Business Machines from $185.00 to $210.00 and gave the company a "market perform" rating in a research note on Thursday, October 3rd. BMO Capital Markets increased their price objective on International Business Machines from $235.00 to $260.00 and gave the stock a "market perform" rating in a research note on Thursday, October 24th. Finally, Morgan Stanley lowered their target price on shares of International Business Machines from $217.00 to $208.00 and set an "equal weight" rating on the stock in a report on Thursday, October 24th. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, International Business Machines has an average rating of "Hold" and a consensus price target of $208.12.

Insider Activity

In other International Business Machines news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of the business's stock in a transaction dated Friday, November 8th. The shares were 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 $5,463,928. The trade was a 12.42 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.07% of the company's stock.

International Business Machines Stock Up 0.9 %

Shares of IBM traded up $2.14 during midday trading on Thursday, hitting $232.26. The stock had a trading volume of 4,508,995 shares, compared to its average volume of 4,234,105. The company has a debt-to-equity ratio of 2.16, a current ratio of 1.06 and a quick ratio of 1.01. The firm has a market cap of $214.76 billion, a price-to-earnings ratio of 33.49, a price-to-earnings-growth ratio of 5.16 and a beta of 0.73. The company has a 50 day simple moving average of $222.38 and a two-hundred day simple moving average of $200.91. International Business Machines Co. has a twelve month low of $157.88 and a twelve month high of $239.35.

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, beating analysts' consensus estimates of $2.27 by $0.03. The company had revenue of $14.97 billion for 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 quarterly revenue was up 1.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.20 EPS. On average, analysts anticipate that International Business Machines Co. will post 10.12 EPS for the current year.

International Business Machines Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Tuesday, November 12th were issued a $1.67 dividend. The ex-dividend date was Tuesday, November 12th. This represents a $6.68 annualized dividend and a dividend yield of 2.88%. International Business Machines's dividend payout ratio is currently 97.23%.

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.