3,637 Shares in International Business Machines Corporation $IBM Purchased by TSG Advice Partners LLC

TSG Advice Partners LLC acquired a new stake in International Business Machines Corporation (NYSE:IBM) in the third quarter, Holdings Channel.com reports. The firm acquired 3,637 shares of the technology company’s stock, valued at approximately $800,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. BlackRock Inc. purchased a new position in shares of International Business Machines during the 2nd quarter valued at approximately $21,586,659,000. State Street Corp increased its holdings in International Business Machines by 2.7% in the 2nd quarter. State Street Corp now owns 56,045,055 shares of the technology company’s stock worth $15,760,430,000 after acquiring an additional 1,450,562 shares in the last quarter. Bank of America Corp DE raised its position in International Business Machines by 7.0% during the first quarter. Bank of America Corp DE now owns 16,063,653 shares of the technology company’s stock worth $3,893,669,000 after acquiring an additional 1,049,602 shares during the period. Bank of New York Mellon Corp acquired a new position in International Business Machines during the second quarter worth $2,606,782,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in International Business Machines by 0.7% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 7,621,512 shares of the technology company’s stock worth $2,143,245,000 after acquiring an additional 53,388 shares during the period. 58.96% of the stock is currently owned by hedge funds and other institutional investors.

International Business Machines Price Performance

International Business Machines stock opened at $252.98 on Tuesday. International Business Machines Corporation has a 52-week low of $199.19 and a 52-week high of $332.46. The firm has a market capitalization of $239.10 billion, a price-to-earnings ratio of 21.57, a PEG ratio of 2.49 and a beta of 0.73. The company has a fifty day simple moving average of $235.51 and a 200-day simple moving average of $249.68. The company has a quick ratio of 0.80, a current ratio of 0.85 and a debt-to-equity ratio of 1.57.

International Business Machines (NYSE:IBM) last issued its earnings results on Wednesday, October 21st. The technology company reported $2.95 EPS for the quarter, beating analysts’ consensus estimates of $2.85 by $0.10. The business had revenue of $17.10 billion during the quarter, compared to analysts’ expectations of $16.82 billion. International Business Machines had a net margin of 15.99% and a return on equity of 34.37%. The company’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same period in the prior year, the business earned $2.65 earnings per share. On average, equities analysts anticipate that International Business Machines Corporation will post 12.41 EPS for the current fiscal year.

International Business Machines Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 10th. Shareholders of record on Tuesday, November 10th will be issued a $1.69 dividend. The ex-dividend date is Tuesday, November 10th. This represents a $6.76 dividend on an annualized basis and a yield of 2.7%. International Business Machines’s dividend payout ratio is presently 57.63%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on IBM. Barclays lifted their target price on shares of International Business Machines from $262.00 to $277.00 and gave the company an “overweight” rating in a research report on Thursday, October 22nd. JPMorgan Chase & Co. upped their price target on shares of International Business Machines from $250.00 to $269.00 and gave the stock an “overweight” rating in a research report on Thursday, October 22nd. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $300.00 price target on shares of International Business Machines in a research note on Thursday, October 22nd. Wall Street Zen upgraded International Business Machines from a “sell” rating to a “hold” rating in a report on Saturday, October 24th. Finally, Robert W. Baird boosted their price objective on International Business Machines from $230.00 to $260.00 and gave the stock a “neutral” rating in a research note on Thursday, October 22nd. Nineteen analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $266.12.

Insider Buying and Selling

In other International Business Machines news, SVP Robert Thomas sold 25,000 shares of the firm’s 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 of the company’s stock, valued at $11,009,296. This trade represents a 34.34% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.27% of the company’s stock.

About International Business Machines

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.