Brighton Jones LLC Purchases 922 Shares of International Business Machines Co. (NYSE:IBM)

Brighton Jones LLC lifted its position in shares of International Business Machines Co. (NYSE:IBM) by 5.2% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 18,688 shares of the technology company’s stock after acquiring an additional 922 shares during the quarter. Brighton Jones LLC’s holdings in International Business Machines were worth $4,132,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in IBM. Ellenbecker Investment Group raised its position in shares of International Business Machines by 2.3% in the third quarter. Ellenbecker Investment Group now owns 2,049 shares of the technology company’s stock valued at $453,000 after purchasing an additional 46 shares during the period. McAdam LLC grew its stake in International Business Machines by 1.5% in the 3rd quarter. McAdam LLC now owns 3,570 shares of the technology company’s stock valued at $789,000 after buying an additional 52 shares in the last quarter. Castleview Partners LLC raised its holdings in International Business Machines by 3.7% during the 3rd quarter. Castleview Partners LLC now owns 1,522 shares of the technology company’s stock valued at $336,000 after acquiring an additional 55 shares during the period. Armbruster Capital Management Inc. lifted its position in shares of International Business Machines by 2.3% during the second quarter. Armbruster Capital Management Inc. now owns 2,500 shares of the technology company’s stock worth $432,000 after acquiring an additional 56 shares in the last quarter. Finally, Aspect Partners LLC boosted its holdings in shares of International Business Machines by 11.2% in the third quarter. Aspect Partners LLC now owns 554 shares of the technology company’s stock worth $122,000 after acquiring an additional 56 shares during the period. Hedge funds and other institutional investors own 58.96% of the company’s stock.

International Business Machines Price Performance

IBM opened at $232.75 on Thursday. The company has a debt-to-equity ratio of 2.20, a current ratio of 1.12 and a quick ratio of 1.08. The stock’s 50 day simple moving average is $214.67 and its 200 day simple moving average is $190.05. The firm has a market cap of $213.80 billion, a price-to-earnings ratio of 26.36, a PEG ratio of 5.21 and a beta of 0.70. International Business Machines Co. has a 1 year low of $136.05 and a 1 year high of $237.37.

International Business Machines (NYSE:IBM) last issued its earnings results on Wednesday, July 24th. The technology company reported $2.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.16 by $0.27. International Business Machines had a net margin of 13.52% and a return on equity of 40.59%. The firm had revenue of $15.77 billion for the quarter, compared to analysts’ expectations of $15.62 billion. During the same quarter last year, the business earned $2.18 earnings per share. The business’s revenue was up 1.9% on a year-over-year basis. As a group, analysts predict that International Business Machines Co. will post 10.1 earnings per share for the current year.

International Business Machines Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Friday, August 9th were given a $1.67 dividend. This represents a $6.68 dividend on an annualized basis and a dividend yield of 2.87%. The ex-dividend date of this dividend was Friday, August 9th. International Business Machines’s payout ratio is 75.65%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. BMO Capital Markets increased their price objective on International Business Machines from $190.00 to $210.00 and gave the stock a “market perform” rating in a report on Thursday, July 25th. Hsbc Global Res upgraded shares of International Business Machines to a “moderate sell” rating in a research report on Friday, July 26th. The Goldman Sachs Group upped their target price on shares of International Business Machines from $220.00 to $250.00 and gave the stock a “buy” rating in a report on Monday, September 30th. DZ Bank downgraded shares of International Business Machines from a “buy” rating to a “hold” rating and set a $215.00 price target for the company. in a report on Wednesday, October 2nd. Finally, Bank of America upped their price target on shares of International Business Machines from $209.00 to $250.00 and gave the stock a “buy” rating in a report on Wednesday, October 9th. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $205.71.

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.