2,711 Shares in International Business Machines Co. (NYSE:IBM) Acquired by Vinva Investment Management Ltd

Vinva Investment Management Ltd purchased a new stake in International Business Machines Co. (NYSE:IBM) during the third quarter, according to the company in its most recent filing with the SEC. The firm purchased 2,711 shares of the technology company’s stock, valued at approximately $599,000.

Several other institutional investors also recently made changes to their positions in the stock. EverSource Wealth Advisors LLC grew its position in International Business Machines by 75.5% during the first quarter. EverSource Wealth Advisors LLC now owns 2,405 shares of the technology company’s stock valued at $459,000 after acquiring an additional 1,035 shares during the period. Massmutual Trust Co. FSB ADV increased its position in International Business Machines by 23.0% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 8,093 shares of the technology company’s stock worth $1,400,000 after purchasing an additional 1,513 shares in the last quarter. Moody National Bank Trust Division raised its holdings in International Business Machines by 1.4% in the second quarter. Moody National Bank Trust Division now owns 7,915 shares of the technology company’s stock valued at $1,369,000 after buying an additional 108 shares during the period. Bank & Trust Co acquired a new position in International Business Machines during the second quarter valued at approximately $65,000. Finally, BancFirst Trust & Investment Management purchased a new stake in International Business Machines during the second quarter worth approximately $209,000. 58.96% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on IBM shares. Stifel Nicolaus lifted their target price on shares of International Business Machines from $205.00 to $246.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. Evercore ISI upped 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. DZ Bank lowered International Business Machines from a “buy” rating to a “hold” rating and set a $215.00 price target on the stock. in a research report on Wednesday, October 2nd. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $250.00 price objective on shares of International Business Machines in a research report on Thursday, October 24th. Finally, BMO Capital Markets upped their target price on shares of International Business Machines from $235.00 to $260.00 and gave the company a “market perform” rating in a research note on Thursday, October 24th. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $208.12.

International Business Machines Stock Performance

Shares of IBM opened at $227.41 on Friday. The company has a debt-to-equity ratio of 2.16, a quick ratio of 1.01 and a current ratio of 1.06. International Business Machines Co. has a 1 year low of $156.89 and a 1 year high of $237.37. The firm has a fifty day moving average of $220.63 and a 200-day moving average of $197.48. The company has a market cap of $210.27 billion, a price-to-earnings ratio of 33.10, a price-to-earnings-growth ratio of 5.09 and a beta of 0.71.

International Business Machines (NYSE:IBM) last posted its earnings results on Wednesday, October 23rd. The technology company reported $2.30 EPS for the quarter, topping the consensus estimate 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% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.20 EPS. As a group, equities analysts anticipate that International Business Machines Co. will post 10.12 earnings per share for the current year.

International Business Machines Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Tuesday, November 12th will be paid a dividend of $1.67 per share. This represents a $6.68 annualized dividend and a yield of 2.94%. The ex-dividend date is Tuesday, November 12th. International Business Machines’s payout ratio is currently 97.23%.

Insiders Place Their Bets

In related news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of International Business Machines stock in a transaction dated 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 $5,463,928. The trade was a 12.42 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.07% of the stock is currently owned by insiders.

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.