River Global Investors LLP Has $1.54 Million Holdings in International Business Machines Co. (NYSE:IBM)

River Global Investors LLP boosted its stake in International Business Machines Co. (NYSE:IBM) by 4.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,975 shares of the technology company’s stock after buying an additional 322 shares during the quarter. River Global Investors LLP’s holdings in International Business Machines were worth $1,542,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the stock. Sei Investments Co. grew its holdings in shares of International Business Machines by 10.6% in the 1st quarter. Sei Investments Co. now owns 211,017 shares of the technology company’s stock worth $40,294,000 after purchasing an additional 20,142 shares during the last quarter. Choate Investment Advisors boosted its position in International Business Machines by 4.8% in the first quarter. Choate Investment Advisors now owns 11,680 shares of the technology company’s stock valued at $2,230,000 after buying an additional 536 shares in the last quarter. Meeder Advisory Services Inc. grew its stake in International Business Machines by 8.4% during the first quarter. Meeder Advisory Services Inc. now owns 11,215 shares of the technology company’s stock worth $2,142,000 after buying an additional 870 shares during the last quarter. Verus Capital Partners LLC increased its holdings in shares of International Business Machines by 15.5% during the first quarter. Verus Capital Partners LLC now owns 3,540 shares of the technology company’s stock worth $676,000 after buying an additional 476 shares in the last quarter. Finally, Donoghue Forlines LLC raised its stake in shares of International Business Machines by 119.7% in the first quarter. Donoghue Forlines LLC now owns 16,791 shares of the technology company’s stock valued at $3,206,000 after acquiring an additional 9,149 shares during the last quarter. 58.96% of the stock is currently owned by institutional investors.

Insider Activity

In other International Business Machines news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of the firm’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $215.20, for a total transaction of $774,720.00. Following the sale, the senior vice president now directly owns 25,390 shares in the company, valued at approximately $5,463,928. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. 0.07% of the stock is currently owned by company insiders.

International Business Machines Trading Up 0.0 %

NYSE IBM traded up $0.03 during trading on Friday, reaching $213.72. 3,201,038 shares of the stock traded hands, compared to its average volume of 4,595,376. International Business Machines Co. has a fifty-two week low of $145.28 and a fifty-two week high of $237.37. 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 firm has a market cap of $197.62 billion, a price-to-earnings ratio of 31.11, a price-to-earnings-growth ratio of 4.80 and a beta of 0.71. The stock’s 50-day moving average price is $218.02 and its 200 day moving average price is $192.24.

International Business Machines (NYSE:IBM) last announced its quarterly earnings results on Wednesday, October 23rd. The technology company reported $2.30 earnings per share (EPS) for the quarter, beating 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 firm’s revenue was up 1.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.20 EPS. Analysts predict that International Business Machines Co. will post 10.11 EPS for the current year.

International Business Machines Dividend Announcement

The firm 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 dividend of $1.67 per share. This represents a $6.68 dividend on an annualized basis and a dividend yield of 3.13%. The ex-dividend date of this dividend is Tuesday, November 12th. International Business Machines’s dividend payout ratio is currently 97.23%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. UBS Group raised their price target on International Business Machines from $130.00 to $145.00 and gave the company a “sell” rating in a report on Wednesday, September 4th. Jefferies Financial Group raised their target price 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. BMO Capital Markets upped their price target on shares of International Business Machines from $235.00 to $260.00 and gave the stock a “market perform” rating in a research report on Thursday, October 24th. Bernstein Bank raised their price objective on shares of International Business Machines from $185.00 to $210.00 and gave the company a “market perform” rating in a research report on Thursday, October 3rd. Finally, Bank of America increased their price target 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. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, International Business Machines has an average rating of “Hold” and an average price target of $208.12.

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.