Jump Financial LLC cut its stake in shares of International Business Machines Co. (NYSE:IBM – Get Rating) by 31.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,752 shares of the technology company’s stock after selling 2,169 shares during the quarter. Jump Financial LLC’s holdings in International Business Machines were worth $565,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. EdgeRock Capital LLC acquired a new stake in International Business Machines during the 3rd quarter worth approximately $36,000. Total Clarity Wealth Management Inc. acquired a new stake in International Business Machines during the 2nd quarter worth approximately $37,000. McClarren Financial Advisors Inc. acquired a new stake in International Business Machines during the 3rd quarter worth approximately $38,000. Heritage Wealth Management LLC acquired a new stake in International Business Machines during the 2nd quarter worth approximately $47,000. Finally, Artemis Wealth Advisors LLC acquired a new position in shares of International Business Machines in the 3rd quarter worth approximately $50,000. 55.90% of the stock is owned by institutional investors.
Insider Transactions at International Business Machines
In other news, VP Bene Robert F. Del sold 3,000 shares of the company’s stock in a transaction on Tuesday, November 22nd. The shares were sold at an average price of $148.36, for a total value of $445,080.00. Following the completion of the sale, the vice president now owns 14,553 shares in the company, valued at approximately $2,159,083.08. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.04% of the company’s stock.
International Business Machines Stock Performance
Shares of IBM stock opened at $136.94 on Friday. The firm has a market capitalization of $123.81 billion, a PE ratio of 77.81, a price-to-earnings-growth ratio of 3.53 and a beta of 0.85. The firm has a fifty day simple moving average of $142.78 and a two-hundred day simple moving average of $135.38. The company has a current ratio of 0.92, a quick ratio of 0.87 and a debt-to-equity ratio of 2.10. International Business Machines Co. has a 12 month low of $115.54 and a 12 month high of $153.21.
International Business Machines (NYSE:IBM – Get Rating) last announced its quarterly earnings results on Wednesday, January 25th. The technology company reported $3.60 EPS for the quarter, missing analysts’ consensus estimates of $3.61 by ($0.01). The business had revenue of $16.69 billion for the quarter, compared to the consensus estimate of $16.38 billion. International Business Machines had a net margin of 2.71% and a return on equity of 41.24%. The business’s revenue for the quarter was up .0% compared to the same quarter last year. During the same quarter last year, the firm posted $3.35 EPS. Analysts forecast that International Business Machines Co. will post 9.46 EPS for the current fiscal year.
International Business Machines Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, March 10th. Stockholders of record on Friday, February 10th will be paid a $1.65 dividend. The ex-dividend date of this dividend is Thursday, February 9th. This represents a $6.60 annualized dividend and a dividend yield of 4.82%. International Business Machines’s payout ratio is 375.00%.
Analyst Ratings Changes
IBM has been the topic of a number of recent analyst reports. Bank of America dropped their price target on shares of International Business Machines from $155.00 to $145.00 in a research report on Tuesday, October 18th. UBS Group dropped their price target on shares of International Business Machines from $112.00 to $111.00 and set a “sell” rating on the stock in a research report on Thursday, October 20th. Credit Suisse Group dropped their price target on shares of International Business Machines from $158.00 to $155.00 and set an “outperform” rating on the stock in a research report on Thursday, October 20th. Citigroup boosted their price target on shares of International Business Machines from $140.00 to $145.00 and gave the stock a “neutral” rating in a research report on Thursday, January 26th. Finally, Moffett Nathanson upgraded shares of International Business Machines from an “underperform” rating to a “market perform” rating and set a $140.00 target price on the stock in a research report on Tuesday, January 24th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $142.73.
About International Business Machines
International Business Machines Corp. is an information technology company, which provides integrated solutions that leverage information technology and knowledge of business processes. It operates through the following segments: Software, Consulting, Infrastructure, Financing, and Other. The Software segment combines hybrid cloud platform and software solutions to help clients become more data-driven, and to automate, secure and modernize their environments.
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