Vectors Research Management LLC Grows Holdings in International Business Machines Co. (NYSE:IBM)

Vectors Research Management LLC lifted its holdings in International Business Machines Co. (NYSE:IBMGet Rating) by 13.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 40,798 shares of the technology company’s stock after buying an additional 4,832 shares during the quarter. International Business Machines makes up about 1.5% of Vectors Research Management LLC’s holdings, making the stock its 14th biggest holding. Vectors Research Management LLC’s holdings in International Business Machines were worth $5,760,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. BCR Wealth Strategies LLC purchased a new stake in International Business Machines during the 2nd quarter valued at about $25,000. Gleason Group Inc. purchased a new stake in International Business Machines during the 2nd quarter valued at about $28,000. Canton Hathaway LLC purchased a new stake in International Business Machines during the 2nd quarter valued at about $31,000. Win Advisors Inc. grew its position in International Business Machines by 52.3% during the 2nd quarter. Win Advisors Inc. now owns 236 shares of the technology company’s stock valued at $33,000 after purchasing an additional 81 shares during the last quarter. Finally, Total Clarity Wealth Management Inc. purchased a new stake in International Business Machines during the 2nd quarter valued at about $37,000. 55.52% of the stock is owned by hedge funds and other institutional investors.

International Business Machines Stock Performance

Shares of NYSE:IBM traded down $0.35 during trading on Thursday, hitting $148.75. The company’s stock had a trading volume of 3,658,459 shares, compared to its average volume of 4,761,477. The company has a 50-day moving average of $131.02 and a 200-day moving average of $133.34. International Business Machines Co. has a 12 month low of $114.56 and a 12 month high of $150.46. The company has a debt-to-equity ratio of 2.23, a current ratio of 0.95 and a quick ratio of 0.89. The firm has a market cap of $134.49 billion, a price-to-earnings ratio of 108.58, a P/E/G ratio of 2.46 and a beta of 0.88.

International Business Machines (NYSE:IBMGet Rating) last released its earnings results on Wednesday, October 19th. The technology company reported $1.81 EPS for the quarter, topping analysts’ consensus estimates of $1.78 by $0.03. International Business Machines had a net margin of 2.08% and a return on equity of 41.50%. The company had revenue of $14.11 billion for the quarter, compared to analysts’ expectations of $13.55 billion. During the same quarter last year, the business earned $2.52 EPS. The firm’s revenue was up 6.5% compared to the same quarter last year. On average, sell-side analysts expect that International Business Machines Co. will post 9.12 earnings per share for the current year.

International Business Machines Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Saturday, December 10th. Shareholders of record on Thursday, November 10th will be paid a dividend of $1.65 per share. This represents a $6.60 dividend on an annualized basis and a yield of 4.44%. The ex-dividend date is Wednesday, November 9th. International Business Machines’s payout ratio is 481.76%.

Insiders Place Their Bets

In other International Business Machines news, VP Bene Robert F. Del sold 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 22nd. The shares were sold at an average price of $148.36, for a total transaction of $445,080.00. Following the sale, the vice president now owns 14,553 shares in the company, valued at approximately $2,159,083.08. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, Director David N. Farr acquired 1,000 shares of the business’s stock in a transaction on Thursday, September 15th. The stock was acquired at an average cost of $125.00 per share, with a total value of $125,000.00. Following the acquisition, the director now directly owns 1,000 shares in the company, valued at approximately $125,000. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Bene Robert F. Del sold 3,000 shares of the stock in a transaction that occurred on Tuesday, November 22nd. The shares were sold at an average price of $148.36, for a total transaction of $445,080.00. Following the sale, the vice president now directly owns 14,553 shares of the company’s stock, valued at $2,159,083.08. The disclosure for this sale can be found here. 0.04% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several analysts recently commented on IBM shares. Morgan Stanley cut their price objective on shares of International Business Machines from $155.00 to $152.00 and set an “overweight” rating on the stock in a research report on Thursday, October 6th. Evercore ISI upped their target price on shares of International Business Machines from $125.00 to $135.00 and gave the company an “inline” rating in a research note on Thursday, October 20th. Bank of America lowered their target price on shares of International Business Machines from $155.00 to $145.00 in a research note on Tuesday, October 18th. Societe Generale lowered their target price on shares of International Business Machines to $129.00 in a research note on Tuesday, September 13th. Finally, UBS Group lowered their target price on shares of International Business Machines from $112.00 to $111.00 and set a “sell” rating on the stock in a research note on Thursday, October 20th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $139.40.

International Business Machines Profile

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International Business Machines Corporation provides integrated solutions and services worldwide. The company operates through four business segments: Software, Consulting, Infrastructure, and Financing. The Software segment offers hybrid cloud platform and software solutions, such as Red Hat, an enterprise open-source solutions; software for business automation, AIOps and management, integration, and application servers; data and artificial intelligence solutions; and security software and services for threat, data, and identity.

See Also

Institutional Ownership by Quarter for International Business Machines (NYSE:IBM)

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