Massachusetts Financial Services Co. MA Acquires 18,340 Shares of International Business Machines Co. (NYSE:IBM)

Massachusetts Financial Services Co. MA raised its holdings in shares of International Business Machines Co. (NYSE:IBM) by 23.8% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 95,529 shares of the technology company’s stock after purchasing an additional 18,340 shares during the period. Massachusetts Financial Services Co. MA’s holdings in International Business Machines were worth $21,120,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. Janus Henderson Group PLC raised its position in shares of International Business Machines by 17.1% in the 1st quarter. Janus Henderson Group PLC now owns 717,202 shares of the technology company’s stock worth $136,946,000 after purchasing an additional 104,771 shares during the last quarter. Ancora Advisors LLC increased its stake in International Business Machines by 2.3% during the 1st quarter. Ancora Advisors LLC now owns 8,214 shares of the technology company’s stock valued at $1,569,000 after purchasing an additional 183 shares in the last quarter. Meiji Yasuda Life Insurance Co purchased a new position in International Business Machines in the first quarter worth about $226,000. Coppell Advisory Solutions Corp. bought a new position in shares of International Business Machines in the first quarter worth approximately $224,000. Finally, Beacon Capital Management LLC grew its holdings in shares of International Business Machines by 41.6% during the first quarter. Beacon Capital Management LLC now owns 2,411 shares of the technology company’s stock valued at $460,000 after buying an additional 708 shares during the last quarter. 58.96% of the stock is currently owned by hedge funds and other institutional investors.

International Business Machines Price Performance

Shares of International Business Machines stock opened at $226.25 on Tuesday. The stock’s fifty day moving average is $219.63 and its 200 day moving average is $196.00. International Business Machines Co. has a one year low of $154.75 and a one year high of $237.37. The company has a debt-to-equity ratio of 2.16, a quick ratio of 1.01 and a current ratio of 1.06. The stock has a market cap of $209.20 billion, a P/E ratio of 32.93, a P/E/G ratio of 5.01 and a beta of 0.71.

International Business Machines (NYSE:IBM) last posted its quarterly earnings data on Wednesday, October 23rd. The technology company reported $2.30 EPS for the quarter, topping the consensus estimate of $2.27 by $0.03. The firm had revenue of $14.97 billion for 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 business’s revenue for the quarter was up 1.5% compared to the same quarter last year. During the same quarter last year, the company earned $2.20 earnings per share. Sell-side analysts anticipate that International Business Machines Co. will post 10.12 earnings per share for the current year.

International Business Machines Dividend Announcement

The company also recently declared 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. The ex-dividend date of this dividend is Tuesday, November 12th. This represents a $6.68 dividend on an annualized basis and a dividend yield of 2.95%. International Business Machines’s payout ratio is currently 97.23%.

Insider Transactions at International Business Machines

In other 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 transaction, the senior vice president now owns 25,390 shares of the company’s stock, valued at $5,463,928. This represents a 12.42 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.07% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on IBM. Morgan Stanley lowered their price objective on International Business Machines from $217.00 to $208.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 24th. The Goldman Sachs Group upped their price target on International Business Machines from $220.00 to $250.00 and gave the company a “buy” rating in a report on Monday, September 30th. UBS Group increased their price objective on International Business Machines from $130.00 to $145.00 and gave the company a “sell” rating in a research report on Wednesday, September 4th. Stifel Nicolaus boosted their target price on International Business Machines from $205.00 to $246.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. Finally, DZ Bank downgraded 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 report on Wednesday, October 2nd. 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 company. Based on data from MarketBeat.com, International Business Machines presently has an average rating of “Hold” and an average price target of $208.12.

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.