International Business Machines Co. (NYSE:IBM) Shares Purchased by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. grew its stake in International Business Machines Co. (NYSE:IBM) by 0.8% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 514,010 shares of the technology company’s stock after buying an additional 4,188 shares during the period. Asset Management One Co. Ltd. owned 0.06% of International Business Machines worth $113,637,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of IBM. National Pension Service lifted its position in International Business Machines by 13.9% in the third quarter. National Pension Service now owns 1,983,214 shares of the technology company’s stock valued at $438,449,000 after acquiring an additional 241,652 shares during the last quarter. Intact Investment Management Inc. lifted its holdings in shares of International Business Machines by 11.5% in the 3rd quarter. Intact Investment Management Inc. now owns 46,600 shares of the technology company’s stock valued at $10,302,000 after purchasing an additional 4,800 shares during the last quarter. Northeast Investment Management boosted its position in shares of International Business Machines by 6.9% in the 3rd quarter. Northeast Investment Management now owns 7,082 shares of the technology company’s stock valued at $1,566,000 after purchasing an additional 460 shares during the period. Kanawha Capital Management LLC grew its stake in International Business Machines by 0.5% during the 3rd quarter. Kanawha Capital Management LLC now owns 61,609 shares of the technology company’s stock worth $13,621,000 after buying an additional 290 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. increased its position in International Business Machines by 7.0% during the third quarter. Robeco Institutional Asset Management B.V. now owns 1,012,345 shares of the technology company’s stock worth $223,809,000 after buying an additional 65,972 shares during the period. 58.96% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. DZ Bank downgraded International Business Machines from a “buy” rating to a “hold” rating and set a $215.00 price objective for the company. in a report on Wednesday, October 2nd. Bernstein Bank raised their price objective on shares of International Business Machines from $185.00 to $210.00 and gave the stock a “market perform” rating in a research report on Thursday, October 3rd. UBS Group upped their target price on shares of International Business Machines from $130.00 to $145.00 and gave the company a “sell” rating in a report on Wednesday, September 4th. Hsbc Global Res raised International Business Machines to a “moderate sell” rating in a report on Friday, July 26th. Finally, BMO Capital Markets upped their price objective on International Business Machines from $235.00 to $260.00 and gave the company a “market perform” rating in a research note on Thursday, October 24th. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $208.12.

International Business Machines Price Performance

Shares of NYSE:IBM opened at $206.84 on Monday. The firm has a market capitalization of $191.25 billion, a price-to-earnings ratio of 30.31, a price-to-earnings-growth ratio of 4.64 and a beta of 0.71. 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 business’s 50 day simple moving average is $216.84 and its 200-day simple moving average is $191.35. International Business Machines Co. has a 12 month low of $145.28 and a 12 month high of $237.37.

International Business Machines (NYSE:IBM) last posted its earnings results on Wednesday, October 23rd. The technology company reported $2.30 EPS for the quarter, topping analysts’ consensus estimates 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 company 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. International Business Machines’s quarterly revenue was up 1.5% compared to the same quarter last year. As a group, equities analysts forecast that International Business Machines Co. will post 10.11 earnings per share for the current fiscal year.

International Business Machines Dividend Announcement

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 issued 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 3.23%. International Business Machines’s dividend payout ratio (DPR) 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.