International Business Machines Co. (NYSE:IBM) Shares Acquired by Ballentine Partners LLC

Ballentine Partners LLC lifted its stake in International Business Machines Co. (NYSE:IBM) by 43.5% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 19,036 shares of the technology company’s stock after acquiring an additional 5,772 shares during the quarter. Ballentine Partners LLC’s holdings in International Business Machines were worth $4,208,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in IBM. FPC Investment Advisory Inc. acquired a new position in International Business Machines during the first quarter worth $26,000. ESL Trust Services LLC acquired a new position in International Business Machines during the 1st quarter worth about $28,000. Oliver Lagore Vanvalin Investment Group purchased a new position in International Business Machines during the 2nd quarter valued at about $36,000. Wolff Wiese Magana LLC grew its position in International Business Machines by 37.0% in the 2nd quarter. Wolff Wiese Magana LLC now owns 222 shares of the technology company’s stock valued at $38,000 after acquiring an additional 60 shares in the last quarter. Finally, Briaud Financial Planning Inc increased its stake in International Business Machines by 54.3% during the second quarter. Briaud Financial Planning Inc now owns 284 shares of the technology company’s stock worth $49,000 after purchasing an additional 100 shares during the period. Hedge funds and other institutional investors own 58.96% of the company’s stock.

Wall Street Analyst Weigh In

IBM has been the subject of several recent research reports. Hsbc Global Res raised shares of International Business Machines to a “moderate sell” rating in a research note on Friday, July 26th. Evercore ISI raised their price target on shares of International Business Machines from $215.00 to $240.00 and gave the company an “outperform” rating in a research report on Wednesday, September 11th. DZ Bank lowered International Business Machines from a “buy” rating to a “hold” rating and set a $215.00 price objective on the stock. in a research report on Wednesday, October 2nd. UBS Group increased their price objective on International Business Machines from $130.00 to $145.00 and gave the company a “sell” rating in a research note on Wednesday, September 4th. Finally, Morgan Stanley lowered their target price on International Business Machines from $217.00 to $208.00 and set an “equal weight” rating for the company in a research note on Thursday. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $208.12.

International Business Machines Stock Performance

Shares of IBM opened at $218.28 on Friday. The company has a quick ratio of 1.08, a current ratio of 1.12 and a debt-to-equity ratio of 2.20. International Business Machines Co. has a 52-week low of $136.33 and a 52-week high of $237.37. The stock has a 50 day moving average price of $214.67 and a 200 day moving average price of $190.05. The company has a market capitalization of $200.51 billion, a price-to-earnings ratio of 24.72, a price-to-earnings-growth ratio of 5.21 and a beta of 0.70.

International Business Machines (NYSE:IBM) last issued its earnings results on Wednesday, October 23rd. The technology company reported $2.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.27 by $0.03. International Business Machines had a net margin of 13.52% and a return on equity of 40.59%. The business had revenue of $14.97 billion during the quarter, compared to analysts’ expectations of $15.08 billion. During the same quarter in the prior year, the business posted $2.20 EPS. The company’s revenue for the quarter was up 1.5% on a year-over-year basis. Research analysts predict that International Business Machines Co. will post 10.1 EPS for the current fiscal year.

International Business Machines Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Friday, August 9th were issued a $1.67 dividend. This represents a $6.68 annualized dividend and a dividend yield of 3.06%. The ex-dividend date was Friday, August 9th. International Business Machines’s payout ratio is currently 75.65%.

International Business Machines Company 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.