International Business Machines Corporation $IBM Stock Holdings Cut by BDF Gestion

BDF Gestion reduced its stake in shares of International Business Machines Corporation (NYSE:IBM) by 55.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,283 shares of the technology company’s stock after selling 9,132 shares during the quarter. BDF Gestion’s holdings in International Business Machines were worth $1,602,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of IBM. Assetmark Inc. grew its position in shares of International Business Machines by 24.8% in the 1st quarter. Assetmark Inc. now owns 64,458 shares of the technology company’s stock valued at $15,624,000 after purchasing an additional 12,791 shares during the period. Flputnam Investment Management Co. bought a new stake in International Business Machines during the 2nd quarter worth approximately $15,237,000. Beacon Investment Advisory Services Inc. raised its holdings in International Business Machines by 939.4% during the 2nd quarter. Beacon Investment Advisory Services Inc. now owns 30,495 shares of the technology company’s stock worth $8,575,000 after buying an additional 27,561 shares during the period. St. Louis Financial Planners Asset Management LLC raised its holdings in International Business Machines by 34.6% during the 2nd quarter. St. Louis Financial Planners Asset Management LLC now owns 14,234 shares of the technology company’s stock worth $4,121,000 after buying an additional 3,659 shares during the period. Finally, Evercore Wealth Management LLC lifted its stake in International Business Machines by 9.0% in the first quarter. Evercore Wealth Management LLC now owns 62,801 shares of the technology company’s stock valued at $15,222,000 after buying an additional 5,196 shares in the last quarter. 58.96% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on IBM shares. Yorkville Ives initiated coverage on shares of International Business Machines in a report on Monday, October 5th. They issued an “outperform” rating and a $275.00 price target for the company. Citigroup dropped their price objective on shares of International Business Machines from $255.00 to $245.00 and set a “buy” rating on the stock in a report on Friday, July 24th. Susquehanna boosted their price objective on shares of International Business Machines from $225.00 to $235.00 and gave the company a “neutral” rating in a research report on Monday, August 31st. Morgan Stanley upped their target price on shares of International Business Machines from $190.00 to $238.00 and gave the stock an “equal weight” rating in a research note on Thursday. Finally, Stifel Nicolaus lowered their target price on International Business Machines from $290.00 to $235.00 and set a “buy” rating for the company in a report on Monday, July 20th. Twenty equities research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $255.76.

Insider Buying and Selling at International Business Machines

In related news, SVP Robert Thomas sold 25,000 shares of International Business Machines stock in a transaction dated Wednesday, August 26th. The stock was sold at an average price of $230.32, for a total value of $5,758,000.00. Following the sale, the senior vice president owned 47,800 shares of the company’s stock, valued at approximately $11,009,296. The trade was a 34.34% 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. 0.27% of the stock is owned by insiders.

International Business Machines Stock Up 1.9%

Shares of IBM stock traded up $4.46 during trading on Monday, reaching $236.60. The company’s stock had a trading volume of 1,754,442 shares, compared to its average volume of 7,443,176. International Business Machines Corporation has a one year low of $199.19 and a one year high of $332.46. The business has a fifty day moving average price of $231.99 and a 200-day moving average price of $243.63. The company has a market cap of $222.91 billion, a price-to-earnings ratio of 21.01, a price-to-earnings-growth ratio of 2.23 and a beta of 0.73. The company has a quick ratio of 0.74, a current ratio of 0.79 and a debt-to-equity ratio of 1.63.

International Business Machines (NYSE:IBM) last released its earnings results on Wednesday, July 22nd. The technology company reported $2.93 earnings per share for the quarter, meeting analysts’ consensus estimates of $2.93. International Business Machines had a net margin of 15.52% and a return on equity of 35.65%. The business had revenue of $17.16 billion during the quarter, compared to the consensus estimate of $17.46 billion. During the same quarter last year, the firm earned $2.80 earnings per share. The firm’s revenue for the quarter was up 1.1% compared to the same quarter last year. Analysts anticipate that International Business Machines Corporation will post 12.34 earnings per share for the current year.

International Business Machines Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 10th. Stockholders of record on Monday, August 10th were issued a $1.69 dividend. The ex-dividend date was Monday, August 10th. This represents a $6.76 annualized dividend and a dividend yield of 2.9%. International Business Machines’s dividend payout ratio (DPR) is presently 59.98%.

About International Business Machines

International Business Machines Corporation (NYSE:IBM), commonly known as IBM, is a global technology and consulting company that helps organizations modernize their information technology and business operations. Its offerings include hybrid cloud solutions, artificial intelligence software and services, enterprise software, IT infrastructure, cybersecurity, data analytics, and technology consulting.

IBM provides products and services to businesses, governments, and other institutions across industries and regions worldwide.