Harbour Investments Inc. Has $1.37 Million Position in International Business Machines Co. (NYSE:IBM)

Harbour Investments Inc. grew its holdings in International Business Machines Co. (NYSE:IBM) by 12.4% during the 3rd quarter, HoldingsChannel reports. The firm owned 6,205 shares of the technology company’s stock after acquiring an additional 686 shares during the quarter. Harbour Investments Inc.’s holdings in International Business Machines were worth $1,372,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in the company. Ellenbecker Investment Group grew its position in International Business Machines by 2.3% during the third quarter. Ellenbecker Investment Group now owns 2,049 shares of the technology company’s stock worth $453,000 after buying an additional 46 shares in the last quarter. Goldstein Advisors LLC boosted its holdings in International Business Machines by 4.0% during the third quarter. Goldstein Advisors LLC now owns 1,217 shares of the technology company’s stock valued at $269,000 after purchasing an additional 47 shares in the last quarter. Sollinda Capital Management LLC boosted its holdings in International Business Machines by 3.7% during the third quarter. Sollinda Capital Management LLC now owns 1,360 shares of the technology company’s stock valued at $301,000 after purchasing an additional 49 shares in the last quarter. Lansing Street Advisors boosted its holdings in International Business Machines by 3.4% during the third quarter. Lansing Street Advisors now owns 1,503 shares of the technology company’s stock valued at $332,000 after purchasing an additional 49 shares in the last quarter. Finally, Ascent Wealth Partners LLC boosted its holdings in International Business Machines by 0.7% during the third quarter. Ascent Wealth Partners LLC now owns 7,144 shares of the technology company’s stock valued at $1,579,000 after purchasing an additional 49 shares in the last quarter. 58.96% of the stock is owned by institutional investors and hedge funds.

International Business Machines Price Performance

Shares of IBM stock opened at $209.01 on Friday. International Business Machines Co. has a 12-month low of $150.40 and a 12-month high of $237.37. The firm has a market capitalization of $193.26 billion, a price-to-earnings ratio of 30.13, a price-to-earnings-growth ratio of 4.74 and a beta of 0.71. The company has a quick ratio of 1.01, a current ratio of 1.06 and a debt-to-equity ratio of 2.16. The firm has a fifty day moving average of $218.58 and a 200-day moving average of $193.11.

International Business Machines (NYSE:IBM) last announced its earnings results on Wednesday, October 23rd. The technology company reported $2.30 earnings per share for the quarter, topping analysts’ consensus estimates of $2.27 by $0.03. The firm 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%. The company’s revenue for the quarter was up 1.5% compared to the same quarter last year. During the same period in the prior year, the business earned $2.20 EPS. On average, equities research analysts forecast that International Business Machines Co. will post 10.11 earnings per share for the current year.

International Business Machines Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Tuesday, November 12th will be paid a $1.67 dividend. This represents a $6.68 dividend on an annualized basis and a yield of 3.20%. The ex-dividend date is Tuesday, November 12th. International Business Machines’s payout ratio is presently 97.23%.

Insider Buying and Selling

In other International Business Machines news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of the business’s 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 sale, the senior vice president now directly owns 25,390 shares of the company’s stock, valued at $5,463,928. The trade was a 12.42 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Company insiders own 0.07% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. DZ Bank downgraded International Business Machines from a “buy” rating to a “hold” rating and set a $215.00 price objective on the stock. in a report on Wednesday, October 2nd. Bernstein Bank lifted their target price on shares of 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. Stifel Nicolaus lifted their target price on shares of International Business Machines from $205.00 to $246.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. Hsbc Global Res upgraded shares of International Business Machines to a “moderate sell” rating in a research note on Friday, July 26th. Finally, Jefferies Financial Group lifted their target price on shares of International Business Machines from $200.00 to $245.00 and gave the company a “hold” rating in a research note on Monday, October 21st. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price 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.