Mesirow Financial Investment Management Inc. Cuts Position in International Business Machines Co. (NYSE:IBM)

Mesirow Financial Investment Management Inc. reduced its position in International Business Machines Co. (NYSE:IBM) by 6.3% in the third quarter, Holdings Channel.com reports. The firm owned 22,796 shares of the technology company’s stock after selling 1,535 shares during the quarter. Mesirow Financial Investment Management Inc.’s holdings in International Business Machines were worth $5,040,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the company. Susquehanna Fundamental Investments LLC purchased a new position in shares of International Business Machines during the second quarter worth approximately $7,160,000. Philip James Wealth Mangement LLC purchased a new position in International Business Machines in the 3rd quarter worth $5,117,000. Focused Wealth Management Inc boosted its position in International Business Machines by 52.2% during the third quarter. Focused Wealth Management Inc now owns 11,327 shares of the technology company’s stock valued at $2,504,000 after buying an additional 3,887 shares during the period. QRG Capital Management Inc. increased its holdings in shares of International Business Machines by 4.5% in the third quarter. QRG Capital Management Inc. now owns 140,185 shares of the technology company’s stock worth $30,992,000 after buying an additional 6,004 shares during the period. Finally, F M Investments LLC lifted its stake in shares of International Business Machines by 39.6% in the 3rd quarter. F M Investments LLC now owns 61,938 shares of the technology company’s stock valued at $13,696,000 after acquiring an additional 17,554 shares during the last quarter. 58.96% of the stock is currently owned by institutional investors.

Insider Activity at International Business Machines

In other news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of the 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 sale, the senior vice president now directly owns 25,390 shares of the company’s stock, valued at approximately $5,463,928. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.07% of the stock is owned by corporate insiders.

International Business Machines Price Performance

Shares of IBM stock opened at $213.72 on Friday. 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 stock has a market cap of $197.62 billion, a price-to-earnings ratio of 31.11, a PEG ratio of 4.80 and a beta of 0.71. The business’s fifty day moving average is $218.02 and its 200 day moving average is $192.24. International Business Machines Co. has a twelve month low of $145.28 and a twelve month high of $237.37.

International Business Machines (NYSE:IBM) last issued its quarterly earnings results on Wednesday, October 23rd. The technology company reported $2.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.27 by $0.03. International Business Machines had a net margin of 10.22% and a return on equity of 40.52%. The company had revenue of $14.97 billion during the quarter, compared to analyst estimates of $15.08 billion. During the same period last year, the business earned $2.20 EPS. International Business Machines’s quarterly revenue was up 1.5% compared to the same quarter last year. Research analysts expect that International Business Machines Co. will post 10.11 EPS for the current fiscal year.

International Business Machines Announces Dividend

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 given 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 3.13%. International Business Machines’s dividend payout ratio is currently 97.23%.

Analyst Ratings Changes

A number of equities analysts have commented on IBM shares. Hsbc Global Res raised International Business Machines to a “moderate sell” rating in a research note on Friday, July 26th. Morgan Stanley decreased 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 research note on Thursday, October 24th. DZ Bank cut shares of International Business Machines from a “buy” rating to a “hold” rating and set a $215.00 price target for the company. in a research report on Wednesday, October 2nd. StockNews.com cut shares of International Business Machines from a “buy” rating to a “hold” rating in a research report on Friday, October 25th. Finally, BMO Capital Markets increased their target price 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 issued a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $208.12.

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.