61,184 Shares in International Business Machines Co. (NYSE:IBM) Acquired by B. Metzler seel. Sohn & Co. Holding AG

B. Metzler seel. Sohn & Co. Holding AG purchased a new position in shares of International Business Machines Co. (NYSE:IBM) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 61,184 shares of the technology company’s stock, valued at approximately $13,527,000.

A number of other large investors have also bought and sold shares of the business. SouthState Corp grew its position in International Business Machines by 1.1% during the 3rd quarter. SouthState Corp now owns 26,789 shares of the technology company’s stock worth $5,923,000 after acquiring an additional 300 shares during the last quarter. Summit Wealth Group LLC bought a new stake in International Business Machines during the 3rd quarter worth approximately $223,000. Beddow Capital Management Inc. boosted its position in International Business Machines by 2.2% in the 3rd quarter. Beddow Capital Management Inc. now owns 55,928 shares of the technology company’s stock valued at $12,365,000 after buying an additional 1,198 shares during the last quarter. Fifth Third Wealth Advisors LLC boosted its position in International Business Machines by 25.4% in the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 14,369 shares of the technology company’s stock valued at $3,177,000 after buying an additional 2,915 shares during the last quarter. Finally, Prospera Financial Services Inc boosted its position in International Business Machines by 8.3% in the 3rd quarter. Prospera Financial Services Inc now owns 78,592 shares of the technology company’s stock valued at $17,381,000 after buying an additional 6,009 shares during the last quarter. 58.96% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of the 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 completion of the transaction, the senior vice president now directly owns 25,390 shares in the company, valued at approximately $5,463,928. This represents a 12.42 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.07% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on IBM. Morgan Stanley cut their price target on International Business Machines from $217.00 to $208.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 24th. Evercore ISI lifted their price target on International Business Machines from $215.00 to $240.00 and gave the company an “outperform” rating in a research note on Wednesday, September 11th. The Goldman Sachs Group lifted their price target on International Business Machines from $220.00 to $250.00 and gave the company a “buy” rating in a research note on Monday, September 30th. Bank of America lifted their price target on International Business Machines from $209.00 to $250.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $250.00 price target on shares of International Business Machines in a research note on Thursday, October 24th. 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. Based on data from MarketBeat.com, International Business Machines currently has an average rating of “Hold” and an average target price of $208.12.

International Business Machines Price Performance

Shares of NYSE IBM opened at $208.09 on Tuesday. International Business Machines Co. has a twelve month low of $152.35 and a twelve month high of $237.37. The business’s 50 day moving average price is $218.88 and its two-hundred day moving average price is $194.18. The company has a quick ratio of 1.01, a current ratio of 1.06 and a debt-to-equity ratio of 2.16. The company has a market cap of $192.41 billion, a PE ratio of 30.29, a price-to-earnings-growth ratio of 4.60 and a beta of 0.71.

International Business Machines (NYSE:IBM) last issued its quarterly 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. The business had revenue of $14.97 billion during the quarter, compared to analysts’ expectations of $15.08 billion. International Business Machines had a return on equity of 40.52% and a net margin of 10.22%. The firm’s revenue for the quarter was up 1.5% compared to the same quarter last year. During the same period in the previous year, the company posted $2.20 earnings per share. On average, analysts predict that International Business Machines Co. will post 10.12 EPS for the current year.

International Business Machines Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Tuesday, November 12th will be paid a dividend of $1.67 per share. This represents a $6.68 annualized dividend and a yield of 3.21%. The ex-dividend date of this dividend is Tuesday, November 12th. International Business Machines’s payout ratio is presently 97.23%.

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.