Retirement Investment Advisors Inc. Acquires 528 Shares of International Business Machines Co. (NYSE:IBM)

Retirement Investment Advisors Inc. boosted its holdings in International Business Machines Co. (NYSE:IBM) by 25.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,640 shares of the technology company’s stock after buying an additional 528 shares during the period. Retirement Investment Advisors Inc.’s holdings in International Business Machines were worth $584,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in IBM. Reynders McVeigh Capital Management LLC grew its holdings in shares of International Business Machines by 3.2% during the 3rd quarter. Reynders McVeigh Capital Management LLC now owns 115,125 shares of the technology company’s stock worth $25,452,000 after purchasing an additional 3,534 shares in the last quarter. Pinnacle Family Advisors LLC acquired a new stake in shares of International Business Machines during the 3rd quarter worth approximately $210,000. IHT Wealth Management LLC grew its holdings in shares of International Business Machines by 28.0% during the 3rd quarter. IHT Wealth Management LLC now owns 19,829 shares of the technology company’s stock worth $4,375,000 after purchasing an additional 4,332 shares in the last quarter. Janus Henderson Group PLC grew its holdings in shares of International Business Machines by 26.6% during the 3rd quarter. Janus Henderson Group PLC now owns 871,064 shares of the technology company’s stock worth $192,557,000 after purchasing an additional 183,141 shares in the last quarter. Finally, HighTower Advisors LLC grew its holdings in shares of International Business Machines by 6.4% during the 3rd quarter. HighTower Advisors LLC now owns 1,423,795 shares of the technology company’s stock worth $314,762,000 after purchasing an additional 85,707 shares in the last quarter. 58.96% of the stock is owned by institutional investors.

Insider Activity at International Business Machines

In related news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of the company’s stock in a transaction dated 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 in the company, valued at approximately $5,463,928. This represents a 12.42 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.07% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

IBM has been the topic of several recent research reports. Bernstein Bank lifted their price objective on International Business Machines from $185.00 to $210.00 and gave the stock a “market perform” rating in a report on Thursday, October 3rd. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $250.00 price target on shares of International Business Machines in a research note on Thursday, October 24th. Jefferies Financial Group boosted their price target 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. The Goldman Sachs Group boosted 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. Finally, BMO Capital Markets boosted their price target 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 investment analysts have rated the stock with a sell rating, nine have given a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $208.12.

International Business Machines Trading Up 2.0 %

IBM stock opened at $233.59 on Thursday. The company has a market cap of $215.99 billion, a P/E ratio of 34.00, a PEG ratio of 5.14 and a beta of 0.73. International Business Machines Co. has a twelve month low of $157.88 and a twelve month high of $237.37. 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 business has a fifty day moving average of $221.17 and a 200-day moving average of $198.76.

International Business Machines (NYSE:IBM) last released its 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 company had revenue of $14.97 billion during the quarter, compared to the consensus estimate 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 quarterly revenue was up 1.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.20 earnings per share. As a group, equities research analysts expect that International Business Machines Co. will post 10.12 EPS for the current year.

International Business Machines Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Tuesday, November 12th will be issued a $1.67 dividend. The ex-dividend date of this dividend is Tuesday, November 12th. This represents a $6.68 dividend on an annualized basis and a yield of 2.86%. International Business Machines’s dividend payout ratio is presently 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.