International Business Machines Corporation $IBM Stock Holdings Lessened by BDF Gestion

BDF Gestion reduced its holdings in International Business Machines Corporation (NYSE:IBM) by 55.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,283 shares of the technology company’s stock after selling 9,132 shares during the quarter. BDF Gestion’s holdings in International Business Machines were worth $1,602,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the business. Narus Financial Partners LLC increased its holdings in International Business Machines by 1.7% during the 3rd quarter. Narus Financial Partners LLC now owns 5,802 shares of the technology company’s stock valued at $1,276,000 after purchasing an additional 98 shares in the last quarter. Grant Private Wealth Management Inc raised its position in International Business Machines by 83.2% in the 3rd quarter. Grant Private Wealth Management Inc now owns 6,200 shares of the technology company’s stock valued at $1,363,000 after purchasing an additional 2,815 shares during the last quarter. Onyx Bridge Wealth Group LLC boosted its stake in International Business Machines by 59.9% in the third quarter. Onyx Bridge Wealth Group LLC now owns 12,920 shares of the technology company’s stock worth $2,842,000 after purchasing an additional 4,841 shares in the last quarter. SteelPeak Wealth LLC boosted its stake in International Business Machines by 174.8% in the third quarter. SteelPeak Wealth LLC now owns 79,239 shares of the technology company’s stock worth $17,427,000 after purchasing an additional 50,406 shares in the last quarter. Finally, Founders Grove Wealth Partners LLC grew its holdings in shares of International Business Machines by 21.1% during the third quarter. Founders Grove Wealth Partners LLC now owns 1,016 shares of the technology company’s stock worth $223,000 after purchasing an additional 177 shares during the last quarter. 58.96% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Evercore lowered their target price on International Business Machines from $310.00 to $250.00 and set an “outperform” rating for the company in a research note on Thursday, July 16th. KeyCorp downgraded shares of International Business Machines to a “sector weight” rating in a research report on Tuesday, June 23rd. BMO Capital Markets reduced their price target on shares of International Business Machines from $270.00 to $230.00 and set a “market perform” rating on the stock in a research report on Thursday, July 23rd. Royal Bank Of Canada reissued an “outperform” rating and set a $270.00 price objective on shares of International Business Machines in a report on Tuesday, October 13th. Finally, Barclays lowered their price objective on shares of International Business Machines from $288.00 to $262.00 and set an “overweight” rating for the company in a research report on Thursday, July 23rd. Twenty investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $255.76.

Insider Buying and Selling at International Business Machines

In related news, SVP Robert Thomas sold 25,000 shares of the stock in a transaction that occurred on Wednesday, August 26th. The shares were sold at an average price of $230.32, for a total value of $5,758,000.00. Following the transaction, the senior vice president directly owned 47,800 shares in the company, valued at $11,009,296. This represents a 34.34% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.27% of the stock is currently owned by company insiders.

International Business Machines Trading Up 1.9%

Shares of IBM stock traded up $4.46 on Monday, reaching $236.60. 1,754,442 shares of the stock were exchanged, compared to its average volume of 7,443,176. The company has a debt-to-equity ratio of 1.63, a current ratio of 0.79 and a quick ratio of 0.74. International Business Machines Corporation has a one year low of $199.19 and a one year high of $332.46. The stock has a market cap of $222.91 billion, a PE ratio of 21.01, a P/E/G ratio of 2.23 and a beta of 0.73. The stock has a 50 day moving average price of $231.99 and a 200 day moving average price of $243.63.

International Business Machines (NYSE:IBM) last posted its quarterly earnings results on Wednesday, July 22nd. The technology company reported $2.93 earnings per share (EPS) for the quarter, meeting the consensus estimate of $2.93. The business had revenue of $17.16 billion for the quarter, compared to analysts’ expectations of $17.46 billion. International Business Machines had a return on equity of 35.65% and a net margin of 15.52%. The firm’s quarterly revenue was up 1.1% compared to the same quarter last year. During the same quarter last year, the business earned $2.80 earnings per share. Equities research analysts forecast that International Business Machines Corporation will post 12.34 EPS for the current fiscal year.

International Business Machines Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 10th. Investors of record on Monday, August 10th were paid a dividend of $1.69 per share. This represents a $6.76 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend was Monday, August 10th. International Business Machines’s payout ratio is 59.98%.

International Business Machines Profile

International Business Machines Corporation (NYSE:IBM), commonly known as IBM, is a global technology and consulting company that helps organizations modernize their information technology and business operations. Its offerings include hybrid cloud solutions, artificial intelligence software and services, enterprise software, IT infrastructure, cybersecurity, data analytics, and technology consulting.

IBM provides products and services to businesses, governments, and other institutions across industries and regions worldwide.