International Business Machines Co. (NYSE:IBM) Shares Sold by Unigestion Holding SA

Unigestion Holding SA cut its stake in shares of International Business Machines Co. (NYSE:IBM - Free Report) by 50.6% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 142,387 shares of the technology company's stock after selling 145,809 shares during the period. International Business Machines comprises about 1.5% of Unigestion Holding SA's holdings, making the stock its 27th biggest holding. Unigestion Holding SA's holdings in International Business Machines were worth $31,466,000 as of its most recent filing with the SEC.

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

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on IBM. DZ Bank lowered shares of International Business Machines from a "buy" rating to a "hold" rating and set a $215.00 price objective for the company. in a report on Wednesday, October 2nd. The Goldman Sachs Group lifted their target price on International Business Machines from $220.00 to $250.00 and gave the company a "buy" rating in a research report on Monday, September 30th. StockNews.com downgraded International Business Machines from a "buy" rating to a "hold" rating in a research report on Wednesday, November 20th. Evercore ISI increased their target price on shares of International Business Machines from $215.00 to $240.00 and gave the stock an "outperform" rating in a research note on Wednesday, September 11th. Finally, BMO Capital Markets upped their price objective on shares of International Business Machines from $235.00 to $260.00 and gave the stock a "market perform" rating in a report on Thursday, October 24th. Three investment 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, International Business Machines presently has a consensus rating of "Hold" and a consensus target price of $208.12.

Insider Buying and Selling at International Business Machines

In related news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of International Business Machines 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 transaction, the senior vice president now directly owns 25,390 shares in the company, valued at $5,463,928. This trade represents a 12.42 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.07% of the stock is currently owned by company insiders.

International Business Machines Stock Down 0.7 %

IBM traded down $1.61 on Wednesday, reaching $230.11. The company's stock had a trading volume of 3,871,822 shares, compared to its average volume of 4,232,944. 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 fifty-two week low of $157.88 and a fifty-two week high of $239.35. The stock has a 50 day moving average of $222.17 and a two-hundred day moving average of $200.70. The company has a market capitalization of $212.77 billion, a price-to-earnings ratio of 33.83, a P/E/G ratio of 5.16 and a beta of 0.73.

International Business Machines (NYSE:IBM - Get Free Report) last announced its quarterly earnings results on Wednesday, October 23rd. The technology company reported $2.30 earnings per share for the quarter, beating analysts' consensus estimates of $2.27 by $0.03. The firm had revenue of $14.97 billion during 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 previous year, the company earned $2.20 earnings per share. As a group, analysts forecast that International Business Machines Co. will post 10.12 EPS for the current fiscal year.

International Business Machines Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Tuesday, November 12th were paid a dividend of $1.67 per share. This represents a $6.68 dividend on an annualized basis and a yield of 2.90%. The ex-dividend date of this dividend was Tuesday, November 12th. International Business Machines's dividend payout ratio is currently 97.23%.

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.