Aljian Capital Management LLC Takes $611,000 Position in International Business Machines Co. (NYSE:IBM)

Aljian Capital Management LLC acquired a new stake in shares of International Business Machines Co. (NYSE:IBM) during the third quarter, Holdings Channel reports. The institutional investor acquired 2,763 shares of the technology company’s stock, valued at approximately $611,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Planning Directions Inc. purchased a new stake in International Business Machines in the third quarter valued at approximately $213,000. Swiss National Bank lifted its stake in International Business Machines by 0.5% during the 3rd quarter. Swiss National Bank now owns 2,726,700 shares of the technology company’s stock valued at $602,819,000 after acquiring an additional 12,400 shares during the period. Claro Advisors LLC boosted its holdings in shares of International Business Machines by 18.2% in the 3rd quarter. Claro Advisors LLC now owns 6,693 shares of the technology company’s stock valued at $1,480,000 after acquiring an additional 1,031 shares during the last quarter. Peterson Financial Group Inc. acquired a new stake in shares of International Business Machines in the third quarter worth $237,000. Finally, Tower Bridge Advisors raised its holdings in shares of International Business Machines by 22.5% during the third quarter. Tower Bridge Advisors now owns 13,484 shares of the technology company’s stock worth $2,981,000 after purchasing an additional 2,475 shares during the last quarter. Institutional investors and hedge funds own 58.96% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have commented on IBM shares. Hsbc Global Res raised shares of International Business Machines to a “moderate sell” rating in a report on Friday, July 26th. Stifel Nicolaus raised their target price on International Business Machines from $205.00 to $246.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $250.00 price target on shares of International Business Machines in a report on Thursday, October 24th. The Goldman Sachs Group boosted their price objective on International Business Machines from $220.00 to $250.00 and gave the company a “buy” rating in a research report on Monday, September 30th. Finally, UBS Group increased their price objective 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. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $208.12.

Insider Buying and Selling at International Business Machines

In other International Business Machines news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of International Business Machines stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $215.20, for a total transaction of $774,720.00. Following the completion of the sale, the senior vice president now directly owns 25,390 shares in the company, valued at $5,463,928. This trade represents a 12.42 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.07% of the stock is currently owned by company insiders.

International Business Machines Price Performance

IBM stock opened at $204.99 on Monday. International Business Machines Co. has a 1 year low of $152.13 and a 1 year high of $237.37. 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 firm has a market capitalization of $189.54 billion, a PE ratio of 29.84, a price-to-earnings-growth ratio of 4.60 and a beta of 0.71. The business has a 50 day simple moving average of $218.79 and a 200-day simple moving average of $193.88.

International Business Machines (NYSE:IBM) last issued its earnings results 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 company had revenue of $14.97 billion during the quarter, compared to analysts’ expectations of $15.08 billion. During the same period in the prior year, the business earned $2.20 EPS. The firm’s quarterly revenue was up 1.5% on a year-over-year basis. Equities research analysts anticipate that International Business Machines Co. will post 10.12 earnings per share 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. Shareholders of record on Tuesday, November 12th will be paid a dividend of $1.67 per share. This represents a $6.68 dividend on an annualized basis and a yield of 3.26%. The ex-dividend date is Tuesday, November 12th. International Business Machines’s dividend payout ratio (DPR) is presently 97.23%.

International Business Machines 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.