International Business Machines Co. (NYSE:IBM) SVP Nickle Jaclyn Lamoreaux Sells 3,600 Shares

International Business Machines Co. (NYSE:IBM) SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of the company’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $215.20, for a total transaction of $774,720.00. Following the completion of the transaction, the senior vice president now directly owns 25,390 shares of the company’s stock, valued at approximately $5,463,928. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

International Business Machines Stock Performance

Shares of NYSE:IBM traded down $0.03 on Friday, reaching $213.66. The company’s stock had a trading volume of 3,196,195 shares, compared to its average volume of 4,245,226. The stock has a market capitalization of $197.56 billion, a P/E ratio of 31.10, a PEG ratio of 4.64 and a beta of 0.71. International Business Machines Co. has a 52-week low of $145.28 and a 52-week high of $237.37. The stock’s 50-day moving average is $218.02 and its two-hundred day moving average is $192.24. The company has a debt-to-equity ratio of 2.16, a current ratio of 1.06 and a quick ratio of 1.01.

International Business Machines (NYSE:IBM) last issued 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. 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 period in the prior year, the business earned $2.20 earnings per share. The business’s revenue was up 1.5% on a year-over-year basis. As a group, sell-side analysts forecast that International Business Machines Co. will post 10.11 EPS for the current year.

International Business Machines Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Tuesday, November 12th will be given a $1.67 dividend. This represents a $6.68 annualized dividend and a yield of 3.13%. The ex-dividend date is Tuesday, November 12th. International Business Machines’s dividend payout ratio is presently 97.23%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on IBM shares. Jefferies Financial Group increased their price target on shares of International Business Machines from $200.00 to $245.00 and gave the stock a “hold” rating in a research report on Monday, October 21st. BMO Capital Markets lifted their price objective on shares of International Business Machines from $235.00 to $260.00 and gave the company a “market perform” rating in a report on Thursday, October 24th. Morgan Stanley cut their price target on shares of International Business Machines from $217.00 to $208.00 and set an “equal weight” rating on the stock in a report on Thursday, October 24th. DZ Bank lowered 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 research report on Wednesday, October 2nd. Finally, The Goldman Sachs Group boosted their price target on shares of International Business Machines from $220.00 to $250.00 and gave the stock a “buy” rating in a research note on Monday, September 30th. Three investment 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. According to data from MarketBeat.com, International Business Machines presently has an average rating of “Hold” and a consensus price target of $208.12.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Envestnet Portfolio Solutions Inc. raised its stake in shares of International Business Machines by 37.8% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 54,411 shares of the technology company’s stock valued at $10,390,000 after acquiring an additional 14,929 shares in the last quarter. Hilltop National Bank bought a new stake in International Business Machines in the first quarter valued at about $560,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its holdings in shares of International Business Machines by 22.2% in the first quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 6,199 shares of the technology company’s stock worth $1,184,000 after acquiring an additional 1,127 shares in the last quarter. PFG Advisors increased its holdings in shares of International Business Machines by 8.1% in the first quarter. PFG Advisors now owns 5,629 shares of the technology company’s stock worth $1,075,000 after acquiring an additional 422 shares in the last quarter. Finally, Nelson Capital Management LLC bought a new stake in shares of International Business Machines in the first quarter worth about $266,000. Institutional investors own 58.96% of the company’s stock.

International Business Machines Company Profile

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.