International Business Machines Co. (NYSE:IBM) Shares Acquired by Capital City Trust Co. FL

Capital City Trust Co. FL increased its holdings in International Business Machines Co. (NYSE:IBM) by 1.3% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 7,902 shares of the technology company’s stock after purchasing an additional 104 shares during the quarter. Capital City Trust Co. FL’s holdings in International Business Machines were worth $1,747,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of IBM. Edgestream Partners L.P. boosted its position in shares of International Business Machines by 119.6% during the 1st quarter. Edgestream Partners L.P. now owns 9,127 shares of the technology company’s stock valued at $1,743,000 after acquiring an additional 4,971 shares during the last quarter. Hillsdale Investment Management Inc. purchased a new stake in International Business Machines in the 1st quarter valued at about $611,000. Davis R M Inc. increased its position in shares of International Business Machines by 0.9% during the first quarter. Davis R M Inc. now owns 7,542 shares of the technology company’s stock valued at $1,440,000 after acquiring an additional 65 shares during the last quarter. Bahl & Gaynor Inc. boosted its position in shares of International Business Machines by 1.4% during the 1st quarter. Bahl & Gaynor Inc. now owns 8,400 shares of the technology company’s stock worth $1,604,000 after purchasing an additional 116 shares during the period. Finally, Atlanta Consulting Group Advisors LLC acquired a new stake in International Business Machines in the 1st quarter valued at approximately $312,000. 58.96% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at International Business Machines

In other International Business Machines news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of the company’s stock in a transaction on 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 owns 25,390 shares of the company’s stock, valued at approximately $5,463,928. This represents a 12.42 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.07% of the stock is currently owned by corporate insiders.

International Business Machines Stock Performance

Shares of IBM stock opened at $204.99 on Monday. The company has a current ratio of 1.06, a quick ratio of 1.01 and a debt-to-equity ratio of 2.16. The stock has a 50 day simple moving average of $218.79 and a 200-day simple moving average of $193.88. The company has a market cap of $189.54 billion, a price-to-earnings ratio of 29.84, a price-to-earnings-growth ratio of 4.60 and a beta of 0.71. International Business Machines Co. has a 12-month low of $152.13 and a 12-month high of $237.37.

International Business Machines (NYSE:IBM) last released its quarterly earnings data on Wednesday, October 23rd. The technology company reported $2.30 earnings per share (EPS) for the quarter, topping 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 firm 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 earnings per share. International Business Machines’s revenue was up 1.5% compared to the same quarter last year. On average, equities analysts forecast that International Business Machines Co. will post 10.12 EPS for the current year.

International Business Machines Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Tuesday, November 12th will be given a dividend of $1.67 per share. The ex-dividend date of this dividend is Tuesday, November 12th. This represents a $6.68 annualized dividend and a yield of 3.26%. International Business Machines’s payout ratio is currently 97.23%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. BMO Capital Markets increased their target price on International Business Machines from $235.00 to $260.00 and gave the stock a “market perform” rating in a research note on Thursday, October 24th. Stifel Nicolaus increased their price objective 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. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $250.00 target price on shares of International Business Machines in a report on Thursday, October 24th. DZ Bank cut 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, Jefferies Financial Group raised their price objective on shares of International Business Machines from $200.00 to $245.00 and gave the company a “hold” rating in a report on Monday, October 21st. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the stock. Based on data from 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.