Banco Santander S.A. Acquires 407 Shares of International Business Machines Co. (NYSE:IBM)

Banco Santander S.A. grew its holdings in shares of International Business Machines Co. (NYSE:IBM) by 0.2% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 172,847 shares of the technology company’s stock after purchasing an additional 407 shares during the period. Banco Santander S.A.’s holdings in International Business Machines were worth $38,213,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in IBM. Hazlett Burt & Watson Inc. boosted its holdings in International Business Machines by 1,054.5% in the third quarter. Hazlett Burt & Watson Inc. now owns 127 shares of the technology company’s stock worth $29,000 after purchasing an additional 116 shares during the last quarter. Hara Capital LLC bought a new position in International Business Machines in the third quarter worth approximately $29,000. Capital Performance Advisors LLP purchased a new stake in shares of International Business Machines in the 3rd quarter worth $43,000. Oliver Lagore Vanvalin Investment Group bought a new stake in International Business Machines during the second quarter valued at about $36,000. Finally, Wolff Wiese Magana LLC increased its stake in International Business Machines by 37.0% in the 2nd quarter. Wolff Wiese Magana LLC now owns 222 shares of the technology company’s stock worth $38,000 after buying an additional 60 shares in the last quarter. 58.96% of the stock is owned by institutional investors.

International Business Machines Stock Up 0.4 %

Shares of International Business Machines stock opened at $215.55 on Thursday. International Business Machines Co. has a 52-week low of $153.92 and a 52-week high of $237.37. The company has a 50 day moving average of $219.07 and a 200 day moving average of $194.64. 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 capitalization of $199.31 billion, a P/E ratio of 31.24, a P/E/G ratio of 4.72 and a beta of 0.71.

International Business Machines (NYSE:IBM) last released its quarterly earnings data on Wednesday, October 23rd. The technology company reported $2.30 EPS for the quarter, beating 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 business had revenue of $14.97 billion for the quarter, compared to the consensus estimate of $15.08 billion. During the same quarter in the prior year, the business posted $2.20 EPS. The business’s revenue for the quarter was up 1.5% on a year-over-year basis. As a group, research analysts forecast that International Business Machines Co. will post 10.12 EPS for the current fiscal year.

International Business Machines Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Tuesday, November 12th will be issued a $1.67 dividend. This represents a $6.68 annualized dividend and a dividend yield of 3.10%. The ex-dividend date is Tuesday, November 12th. International Business Machines’s payout ratio is 97.23%.

Insider Transactions at International Business Machines

In other International Business Machines news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of the firm’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 completion of the sale, the senior vice president now owns 25,390 shares of the company’s stock, valued at approximately $5,463,928. This trade represents a 12.42 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.07% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on IBM. StockNews.com downgraded International Business Machines from a “buy” rating to a “hold” rating in a research report on Wednesday. Hsbc Global Res upgraded International Business Machines to a “moderate sell” rating in a report on Friday, July 26th. Stifel Nicolaus upped their target price on shares of International Business Machines from $205.00 to $246.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. UBS Group lifted their price objective on shares of International Business Machines from $130.00 to $145.00 and gave the stock a “sell” rating in a research report on Wednesday, September 4th. Finally, DZ Bank downgraded shares of International Business Machines from a “buy” rating to a “hold” rating and set a $215.00 price target on the stock. in a report on Wednesday, October 2nd. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the company 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.