Invesco LLC Invests $213,000 in International Business Machines Co. (NYSE:IBM)

Invesco LLC purchased a new stake in International Business Machines Co. (NYSE:IBM) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 964 shares of the technology company’s stock, valued at approximately $213,000.

Several other hedge funds also recently added to or reduced their stakes in the stock. Susquehanna Fundamental Investments LLC purchased a new position in shares of International Business Machines in the 2nd quarter valued at $7,160,000. Smith Thornton Advisors LLC acquired a new position in International Business Machines in the 2nd quarter valued at about $702,000. Retirement Planning Group LLC purchased a new stake in International Business Machines during the 3rd quarter valued at approximately $618,000. GAMMA Investing LLC lifted its position in International Business Machines by 42.4% during the 2nd quarter. GAMMA Investing LLC now owns 9,370 shares of the technology company’s stock worth $1,621,000 after acquiring an additional 2,788 shares during the period. Finally, Anderson Hoagland & Co. purchased a new position in shares of International Business Machines in the 3rd quarter valued at approximately $4,050,000. 58.96% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. StockNews.com downgraded International Business Machines from a “buy” rating to a “hold” rating in a report on Friday, October 25th. Evercore ISI boosted their price target on shares of International Business Machines from $215.00 to $240.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 11th. Hsbc Global Res upgraded shares of International Business Machines to a “moderate sell” rating in a research report on Friday, July 26th. Jefferies Financial Group raised their price target on International Business Machines from $200.00 to $245.00 and gave the company a “hold” rating in a report on Monday, October 21st. Finally, BMO Capital Markets upped their price objective on International Business Machines from $235.00 to $260.00 and gave the stock a “market perform” rating in a report on Thursday, October 24th. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $208.12.

International Business Machines Trading Up 0.7 %

Shares of NYSE IBM traded up $1.53 on Friday, reaching $208.25. 3,334,308 shares of the company traded hands, compared to its average volume of 4,270,505. The company has a 50 day moving average of $216.84 and a 200 day moving average of $191.24. The company has a current ratio of 1.06, a quick ratio of 1.01 and a debt-to-equity ratio of 2.16. International Business Machines Co. has a fifty-two week low of $144.84 and a fifty-two week high of $237.37. The stock has a market capitalization of $191.83 billion, a PE ratio of 30.31, a P/E/G ratio of 4.28 and a beta of 0.70.

International Business Machines (NYSE:IBM) last announced its quarterly earnings data 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 company had revenue of $14.97 billion during the quarter, compared to analysts’ expectations 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 quarterly revenue was up 1.5% compared to the same quarter last year. During the same period in the previous year, the company earned $2.20 EPS. On average, equities research analysts forecast 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. Stockholders of record on Tuesday, November 12th will be paid a $1.67 dividend. This represents a $6.68 annualized dividend and a dividend yield of 3.21%. The ex-dividend date of this dividend is Tuesday, November 12th. International Business Machines’s dividend payout ratio is currently 97.23%.

About International Business Machines

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.