Commerce Bank lowered its stake in shares of International Business Machines Corp. (NYSE:IBM) by 15.6% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 114,962 shares of the technology company’s stock after selling 21,244 shares during the period. Commerce Bank’s holdings in International Business Machines were worth $16,678,000 at the end of the most recent reporting period.
Other large investors also recently bought and sold shares of the company. Herndon Capital Management LLC lifted its holdings in International Business Machines by 39.0% during the 2nd quarter. Herndon Capital Management LLC now owns 695 shares of the technology company’s stock worth $107,000 after buying an additional 195 shares in the last quarter. Edge Wealth Management LLC lifted its holdings in International Business Machines by 5.6% during the 2nd quarter. Edge Wealth Management LLC now owns 760 shares of the technology company’s stock worth $117,000 after buying an additional 40 shares in the last quarter. ETF Managers Group LLC acquired a new stake in International Business Machines during the 2nd quarter worth approximately $121,000. Peddock Capital Advisors LLC lifted its holdings in International Business Machines by 7.3% during the 2nd quarter. Peddock Capital Advisors LLC now owns 912 shares of the technology company’s stock worth $140,000 after buying an additional 62 shares in the last quarter. Finally, Horan Securities Inc. lifted its holdings in International Business Machines by 845.5% during the 2nd quarter. Horan Securities Inc. now owns 936 shares of the technology company’s stock worth $144,000 after buying an additional 837 shares in the last quarter. 57.08% of the stock is owned by hedge funds and other institutional investors.
In other International Business Machines news, Director Frederick H. Waddell acquired 610 shares of the stock in a transaction on Wednesday, January 31st. The shares were bought at an average cost of $163.38 per share, with a total value of $99,661.80. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.23% of the company’s stock.
International Business Machines Corp. (NYSE:IBM) traded up $1.89 during midday trading on Monday, hitting $151.40. 5,839,250 shares of the company were exchanged, compared to its average volume of 6,670,000. The company has a debt-to-equity ratio of 2.25, a current ratio of 1.33 and a quick ratio of 1.29. The stock has a market cap of $140,160.00, a P/E ratio of 24.78, a price-to-earnings-growth ratio of 2.19 and a beta of 0.94. International Business Machines Corp. has a 1 year low of $139.13 and a 1 year high of $182.79.
International Business Machines (NYSE:IBM) last posted its earnings results on Thursday, January 18th. The technology company reported $5.18 EPS for the quarter, beating the Zacks’ consensus estimate of $5.17 by $0.01. The firm had revenue of $22.54 billion for the quarter, compared to the consensus estimate of $22.03 billion. International Business Machines had a net margin of 7.27% and a return on equity of 69.48%. The company’s revenue was up 3.6% on a year-over-year basis. During the same period last year, the firm posted $5.01 EPS. equities analysts expect that International Business Machines Corp. will post 13.82 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Saturday, March 10th. Investors of record on Friday, February 9th will be given a $1.50 dividend. This represents a $6.00 dividend on an annualized basis and a dividend yield of 3.96%. The ex-dividend date is Thursday, February 8th. International Business Machines’s dividend payout ratio (DPR) is 98.20%.
A number of equities research analysts have issued reports on the stock. Zacks Investment Research upgraded shares of International Business Machines from a “sell” rating to a “hold” rating in a report on Wednesday, January 10th. BMO Capital Markets reiterated a “hold” rating and set a $175.00 target price on shares of International Business Machines in a report on Thursday, January 11th. They noted that the move was a valuation call. JPMorgan Chase & Co. set a $167.00 target price on shares of International Business Machines and gave the stock a “neutral” rating in a report on Friday, January 19th. Pivotal Research set a $180.00 price objective on shares of International Business Machines and gave the company a “buy” rating in a report on Thursday, January 18th. Finally, UBS Group restated a “neutral” rating and issued a $160.00 price objective (up from $152.00) on shares of International Business Machines in a report on Wednesday, October 18th. Seven equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and eleven have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $164.37.
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International Business Machines Company Profile
International Business Machines Corporation (IBM) is a technology company. The Company operates through five segments: Cognitive Solutions, Global Business Services (GBS), Technology Services & Cloud Platforms, Systems and Global Financing. The Cognitive Solutions segment delivers a spectrum of capabilities, from descriptive, predictive and prescriptive analytics to cognitive systems.
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