International Business Machines Co. (NYSE:IBM) Shares Sold by Accredited Investors Inc.

Accredited Investors Inc. decreased its holdings in International Business Machines Co. (NYSE:IBM) by 2.3% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,975 shares of the technology company’s stock after selling 93 shares during the quarter. Accredited Investors Inc.’s holdings in International Business Machines were worth $879,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Susquehanna Fundamental Investments LLC purchased a new position in shares of International Business Machines during the 2nd quarter valued at approximately $7,160,000. Philip James Wealth Mangement LLC acquired a new position in International Business Machines during the third quarter worth $5,117,000. Focused Wealth Management Inc lifted its holdings in International Business Machines by 52.2% during the third quarter. Focused Wealth Management Inc now owns 11,327 shares of the technology company’s stock valued at $2,504,000 after purchasing an additional 3,887 shares in the last quarter. QRG Capital Management Inc. grew its position in shares of International Business Machines by 4.5% in the third quarter. QRG Capital Management Inc. now owns 140,185 shares of the technology company’s stock valued at $30,992,000 after purchasing an additional 6,004 shares during the period. Finally, F M Investments LLC increased its stake in shares of International Business Machines by 39.6% during the third quarter. F M Investments LLC now owns 61,938 shares of the technology company’s stock worth $13,696,000 after purchasing an additional 17,554 shares in the last quarter. Hedge funds and other institutional investors own 58.96% of the company’s stock.

Insider Transactions at International Business Machines

In other International Business Machines news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of the business’s stock in a transaction that occurred 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 $5,463,928. The trade was a 12.42 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.07% of the company’s stock.

International Business Machines Stock Down 1.9 %

IBM stock opened at $204.99 on Friday. The firm has a market cap of $189.54 billion, a PE ratio of 29.84, a PEG ratio of 4.60 and a beta of 0.71. International Business Machines Co. has a one year low of $152.13 and a one year high of $237.37. 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 firm’s 50 day moving average price is $218.79 and its 200-day moving average price is $193.67.

International Business Machines (NYSE:IBM) last released its quarterly earnings results on Wednesday, October 23rd. The technology company reported $2.30 earnings per share for the quarter, topping analysts’ consensus estimates 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 company’s revenue was up 1.5% compared to the same quarter last year. During the same period in the prior year, the business posted $2.20 EPS. On average, equities research analysts anticipate that International Business Machines Co. will post 10.12 EPS for the current year.

International Business Machines Announces Dividend

The business also recently declared 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 dividend on an annualized basis and a dividend yield of 3.26%. The ex-dividend date of this dividend is Tuesday, November 12th. International Business Machines’s dividend payout ratio (DPR) is 97.23%.

Analyst Ratings Changes

IBM has been the topic of several research analyst reports. Bank of America lifted their price objective on International Business Machines from $209.00 to $250.00 and gave the stock a “buy” rating in a report on Wednesday, October 9th. Hsbc Global Res raised International Business Machines to a “moderate sell” rating in a research note on Friday, July 26th. Jefferies Financial Group increased their price objective on International Business Machines from $200.00 to $245.00 and gave the company a “hold” rating in a research note on Monday, October 21st. Bernstein Bank lifted their target price on shares of International Business Machines from $185.00 to $210.00 and gave the stock a “market perform” rating in a research note on Thursday, October 3rd. Finally, BMO Capital Markets increased their target price on shares of International Business Machines from $235.00 to $260.00 and gave the company a “market perform” rating in a research report on Thursday, October 24th. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $208.12.

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.