Easterly Investment Partners LLC Invests $221,000 in International Business Machines Co. (NYSE:IBM)

Easterly Investment Partners LLC acquired a new position in International Business Machines Co. (NYSE:IBM) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 1,000 shares of the technology company’s stock, valued at approximately $221,000.

Other large investors have also recently bought and sold shares of the company. Triune Financial Partners LLC acquired a new position in shares of International Business Machines during the third quarter valued at $381,000. Capital Performance Advisors LLP acquired a new position in International Business Machines during the 3rd quarter valued at about $43,000. Philip James Wealth Mangement LLC bought a new position in shares of International Business Machines in the 3rd quarter valued at about $5,117,000. Smith Thornton Advisors LLC grew its position in shares of International Business Machines by 1.7% during the 3rd quarter. Smith Thornton Advisors LLC now owns 4,129 shares of the technology company’s stock worth $913,000 after buying an additional 71 shares during the period. Finally, Lewis Asset Management LLC raised its stake in shares of International Business Machines by 5.8% during the third quarter. Lewis Asset Management LLC now owns 3,458 shares of the technology company’s stock worth $765,000 after buying an additional 190 shares during the last quarter. Institutional investors and hedge funds own 58.96% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on the stock. Bernstein Bank lifted their target price on shares of International Business Machines from $185.00 to $210.00 and gave the stock a “market perform” rating in a report on Thursday, October 3rd. Hsbc Global Res upgraded International Business Machines to a “moderate sell” rating in a report on Friday, July 26th. Stifel Nicolaus raised their target price on International Business Machines from $205.00 to $246.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. Morgan Stanley lowered their price target 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, October 24th. Finally, Bank of America boosted their price objective on shares of International Business Machines from $209.00 to $250.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $208.12.

International Business Machines Stock Down 0.0 %

IBM stock opened at $213.66 on Friday. The company has a debt-to-equity ratio of 2.16, a current ratio of 1.06 and a quick ratio of 1.01. The stock has a market capitalization of $197.56 billion, a P/E ratio of 31.10, a P/E/G ratio of 4.80 and a beta of 0.71. The business has a 50-day moving average of $218.02 and a 200-day moving average of $192.24. International Business Machines Co. has a fifty-two week low of $145.28 and a fifty-two week high of $237.37.

International Business Machines (NYSE:IBM) last announced its earnings results on Wednesday, October 23rd. The technology company reported $2.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.27 by $0.03. The firm had revenue of $14.97 billion for the quarter, compared to analyst estimates of $15.08 billion. International Business Machines had a net margin of 10.22% and a return on equity of 40.52%. The business’s revenue was up 1.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.20 EPS. On average, sell-side analysts anticipate that International Business Machines Co. will post 10.11 earnings per share for the current fiscal year.

International Business Machines Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Tuesday, November 12th will be given a dividend of $1.67 per share. The ex-dividend date is Tuesday, November 12th. This represents a $6.68 annualized dividend and a yield of 3.13%. International Business Machines’s dividend payout ratio is 97.23%.

Insiders Place Their Bets

In other news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of the company’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $215.20, for a total transaction of $774,720.00. Following the completion of the sale, the senior vice president now owns 25,390 shares of the company’s stock, valued at approximately $5,463,928. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.07% of the company’s stock.

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.