Metis Global Partners LLC Has $13.37 Million Position in International Business Machines Co. (NYSE:IBM)

Metis Global Partners LLC raised its position in International Business Machines Co. (NYSE:IBM) by 4.8% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 60,482 shares of the technology company’s stock after buying an additional 2,743 shares during the quarter. Metis Global Partners LLC’s holdings in International Business Machines were worth $13,371,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in IBM. Kingsview Wealth Management LLC increased its holdings in shares of International Business Machines by 9.3% during the first quarter. Kingsview Wealth Management LLC now owns 24,798 shares of the technology company’s stock worth $4,735,000 after purchasing an additional 2,111 shares during the period. Dorsey & Whitney Trust CO LLC lifted its position in shares of International Business Machines by 1.2% during the 1st quarter. Dorsey & Whitney Trust CO LLC now owns 11,137 shares of the technology company’s stock worth $2,127,000 after buying an additional 127 shares during the last quarter. Searle & CO. boosted its stake in International Business Machines by 0.5% in the first quarter. Searle & CO. now owns 22,205 shares of the technology company’s stock valued at $4,240,000 after buying an additional 102 shares in the last quarter. Glaxis Capital Management LLC bought a new position in shares of International Business Machines in the first quarter worth about $382,000. Finally, Nwam LLC grew its holdings in shares of International Business Machines by 125.9% during the 1st quarter. Nwam LLC now owns 28,196 shares of the technology company’s stock valued at $5,384,000 after purchasing an additional 15,716 shares during the last quarter. Institutional investors own 58.96% of the company’s stock.

International Business Machines Trading Down 0.1 %

NYSE IBM opened at $210.80 on Thursday. International Business Machines Co. has a one year low of $150.40 and a one 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 business has a 50 day simple moving average of $218.58 and a 200 day simple moving average of $193.11. The stock has a market capitalization of $194.92 billion, a P/E ratio of 30.70, a P/E/G ratio of 4.74 and a beta of 0.71.

International Business Machines (NYSE:IBM) last released its quarterly earnings data on Wednesday, October 23rd. The technology company reported $2.30 earnings per share for the quarter, beating the consensus estimate of $2.27 by $0.03. The company had revenue of $14.97 billion during the quarter, compared to analyst estimates of $15.08 billion. International Business Machines had a net margin of 10.22% and a return on equity of 40.52%. International Business Machines’s revenue for the quarter was up 1.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.20 EPS. Research analysts expect that International Business Machines Co. will post 10.11 earnings per share for the current year.

International Business Machines Announces Dividend

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 issued a $1.67 dividend. The ex-dividend date is Tuesday, November 12th. This represents a $6.68 annualized dividend and a yield of 3.17%. International Business Machines’s payout ratio is currently 97.23%.

Analyst Upgrades and Downgrades

IBM has been the subject of several research analyst reports. The Goldman Sachs Group upped their price target on shares of International Business Machines from $220.00 to $250.00 and gave the stock a “buy” rating in a report on Monday, September 30th. DZ Bank downgraded International Business Machines from a “buy” rating to a “hold” rating and set a $215.00 target price for the company. in a research report on Wednesday, October 2nd. Evercore ISI boosted their price target on International Business Machines from $215.00 to $240.00 and gave the stock an “outperform” rating in a report on Wednesday, September 11th. Bernstein Bank upped their price objective on International Business Machines from $185.00 to $210.00 and gave the company a “market perform” rating in a research note on Thursday, October 3rd. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $250.00 target price on shares of International Business Machines in a research report on Thursday, October 24th. Three analysts have rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, International Business Machines presently has a consensus rating of “Hold” and a consensus price target of $208.12.

Insider Buying and Selling at International Business Machines

In related news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of the stock in a transaction on Friday, November 8th. The stock was sold at an average price of $215.20, for a total value of $774,720.00. Following the transaction, the senior vice president now directly owns 25,390 shares in the company, valued at $5,463,928. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.07% of the company’s stock.

About International Business Machines

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.