First Personal Financial Services Purchases 127 Shares of International Business Machines Co. (NYSE:IBM)

First Personal Financial Services grew its position in shares of International Business Machines Co. (NYSE:IBM) by 3.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,531 shares of the technology company’s stock after purchasing an additional 127 shares during the quarter. First Personal Financial Services’ holdings in International Business Machines were worth $781,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the company. Lindbrook Capital LLC boosted its holdings in International Business Machines by 5.5% during the 3rd quarter. Lindbrook Capital LLC now owns 4,812 shares of the technology company’s stock valued at $1,064,000 after acquiring an additional 250 shares during the period. Bridges Investment Management Inc. boosted its holdings in International Business Machines by 2.6% during the 3rd quarter. Bridges Investment Management Inc. now owns 12,759 shares of the technology company’s stock valued at $2,821,000 after acquiring an additional 321 shares during the period. Klingman & Associates LLC boosted its holdings in International Business Machines by 30.1% during the 3rd quarter. Klingman & Associates LLC now owns 4,552 shares of the technology company’s stock valued at $1,006,000 after acquiring an additional 1,054 shares during the period. Assetmark Inc. boosted its holdings in International Business Machines by 7.4% during the 3rd quarter. Assetmark Inc. now owns 38,478 shares of the technology company’s stock valued at $8,507,000 after acquiring an additional 2,640 shares during the period. Finally, Verdence Capital Advisors LLC boosted its holdings in International Business Machines by 1.3% during the 3rd quarter. Verdence Capital Advisors LLC now owns 19,102 shares of the technology company’s stock valued at $4,223,000 after acquiring an additional 241 shares during the period. 58.96% of the stock is currently owned by institutional investors.

International Business Machines Price Performance

NYSE IBM opened at $213.72 on Friday. The company has a market capitalization of $197.62 billion, a PE ratio of 31.11, a price-to-earnings-growth ratio of 4.80 and a beta of 0.71. The company has a debt-to-equity ratio of 2.16, a quick ratio of 1.01 and a current ratio of 1.06. The business’s fifty day moving average is $218.02 and its 200 day moving average is $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 quarterly earnings data on Wednesday, October 23rd. The technology company reported $2.30 EPS for the quarter, beating the consensus estimate of $2.27 by $0.03. International Business Machines had a return on equity of 40.52% and a net margin of 10.22%. The business had revenue of $14.97 billion for the quarter, compared to the consensus estimate of $15.08 billion. During the same period in the previous year, the business earned $2.20 earnings per share. The business’s revenue was up 1.5% on a year-over-year basis. Sell-side analysts predict that International Business Machines Co. will post 10.11 earnings per share for the current year.

International Business Machines Dividend Announcement

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

Insider Activity

In other news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of International Business Machines stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $215.20, for a total value of $774,720.00. Following the sale, the senior vice president now directly owns 25,390 shares of the company’s stock, valued at approximately $5,463,928. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.07% of the company’s stock.

Analyst Ratings Changes

IBM has been the subject of several research analyst reports. Jefferies Financial Group increased their price objective on International Business Machines from $200.00 to $245.00 and gave the stock a “hold” rating in a report on Monday, October 21st. Morgan Stanley dropped their price objective on International Business Machines from $217.00 to $208.00 and set an “equal weight” rating for the company in a report on Thursday, October 24th. UBS Group increased their price objective on International Business Machines from $130.00 to $145.00 and gave the stock a “sell” rating in a report on Wednesday, September 4th. Evercore ISI increased their price objective on International Business Machines from $215.00 to $240.00 and gave the stock an “outperform” rating in a report on Wednesday, September 11th. Finally, Stifel Nicolaus raised their target price on International Business Machines from $205.00 to $246.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $208.12.

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.