F M Investments LLC Grows Holdings in International Business Machines Co. (NYSE:IBM)

F M Investments LLC grew its holdings in shares of International Business Machines Co. (NYSE:IBM) by 39.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 61,938 shares of the technology company’s stock after buying an additional 17,554 shares during the quarter. F M Investments LLC’s holdings in International Business Machines were worth $13,696,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Norden Group LLC increased its position in International Business Machines by 16.3% in the first quarter. Norden Group LLC now owns 5,880 shares of the technology company’s stock worth $1,123,000 after buying an additional 824 shares during the period. Resonant Capital Advisors LLC increased its position in International Business Machines by 16.9% in the first quarter. Resonant Capital Advisors LLC now owns 2,381 shares of the technology company’s stock worth $455,000 after buying an additional 344 shares during the period. Tokio Marine Asset Management Co. Ltd. increased its position in International Business Machines by 11.1% in the first quarter. Tokio Marine Asset Management Co. Ltd. now owns 22,880 shares of the technology company’s stock worth $4,369,000 after buying an additional 2,279 shares during the period. BNP Paribas acquired a new stake in International Business Machines in the first quarter worth $1,196,000. Finally, Alliance Wealth Management Group increased its holdings in shares of International Business Machines by 47.8% during the first quarter. Alliance Wealth Management Group now owns 2,077 shares of the technology company’s stock valued at $397,000 after purchasing an additional 672 shares during the period. 58.96% of the stock is currently owned by hedge funds and other institutional investors.

International Business Machines Stock Performance

Shares of IBM stock traded up $1.53 during trading on Friday, reaching $208.25. The company had a trading volume of 3,334,308 shares, compared to its average volume of 4,270,505. The firm’s 50 day simple moving average is $216.84 and its two-hundred day simple moving average is $191.24. The company has a debt-to-equity ratio of 2.16, a current ratio of 1.06 and a quick ratio of 1.01. International Business Machines Co. has a one year low of $144.84 and a one year high of $237.37. The company has a market capitalization of $191.83 billion, a PE ratio of 30.31, a PEG ratio of 4.28 and a beta of 0.70.

International Business Machines (NYSE:IBM) last issued its quarterly earnings data 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. 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 for the quarter, compared to the consensus estimate of $15.08 billion. During the same period last year, the business earned $2.20 EPS. The firm’s revenue was up 1.5% compared to the same quarter last year. Sell-side analysts forecast that International Business Machines Co. will post 10.11 earnings per share for the current year.

International Business Machines Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Tuesday, November 12th will be given a $1.67 dividend. This represents a $6.68 annualized dividend and a yield of 3.21%. The ex-dividend date of this dividend is Tuesday, November 12th. International Business Machines’s dividend payout ratio is currently 97.23%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on IBM shares. Hsbc Global Res raised International Business Machines to a “moderate sell” rating in a report on Friday, July 26th. Royal Bank of Canada reiterated an “outperform” rating and issued a $250.00 price target on shares of International Business Machines in a research report on Thursday, October 24th. UBS Group increased their price target on International Business Machines from $130.00 to $145.00 and gave the company a “sell” rating in a research report on Wednesday, September 4th. StockNews.com lowered International Business Machines from a “buy” rating to a “hold” rating in a research report on Friday, October 25th. Finally, Evercore ISI increased their price target on International Business Machines from $215.00 to $240.00 and gave the company an “outperform” rating in a research report on Wednesday, September 11th. Three 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’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $208.12.

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.