EP Wealth Advisors LLC Purchases 3,600 Shares of International Business Machines Co. (NYSE:IBM)

EP Wealth Advisors LLC boosted its position in International Business Machines Co. (NYSE:IBM) by 11.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 35,081 shares of the technology company’s stock after buying an additional 3,600 shares during the period. EP Wealth Advisors LLC’s holdings in International Business Machines were worth $7,756,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of IBM. Lantz Financial LLC lifted its stake in International Business Machines by 0.9% in the second quarter. Lantz Financial LLC now owns 11,935 shares of the technology company’s stock valued at $2,064,000 after buying an additional 107 shares during the period. Dynamic Advisor Solutions LLC increased its stake in shares of International Business Machines by 112.6% in the 2nd quarter. Dynamic Advisor Solutions LLC now owns 37,135 shares of the technology company’s stock valued at $6,423,000 after acquiring an additional 19,669 shares in the last quarter. Signature Wealth Management Group lifted its position in shares of International Business Machines by 1.7% during the 2nd quarter. Signature Wealth Management Group now owns 20,752 shares of the technology company’s stock valued at $3,589,000 after acquiring an additional 347 shares during the period. Alpha Cubed Investments LLC boosted its stake in International Business Machines by 54.8% during the second quarter. Alpha Cubed Investments LLC now owns 7,165 shares of the technology company’s stock worth $1,239,000 after acquiring an additional 2,535 shares in the last quarter. Finally, Sequoia Financial Advisors LLC grew its holdings in International Business Machines by 10.3% in the second quarter. Sequoia Financial Advisors LLC now owns 94,879 shares of the technology company’s stock worth $16,409,000 after purchasing an additional 8,851 shares during the period. Institutional investors own 58.96% of the company’s stock.

International Business Machines Stock Performance

IBM stock opened at $238.04 on Friday. 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 market cap of $220.10 billion, a PE ratio of 34.65, a P/E/G ratio of 5.24 and a beta of 0.73. The business has a 50 day moving average of $221.74 and a 200-day moving average of $199.67. International Business Machines Co. has a 12-month low of $157.88 and a 12-month high of $238.38.

International Business Machines (NYSE:IBM) last announced its quarterly earnings data on Wednesday, October 23rd. The technology company reported $2.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.27 by $0.03. The firm had revenue of $14.97 billion during 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% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.20 EPS. As a group, sell-side analysts expect that International Business Machines Co. will post 10.12 earnings per share for the current year.

International Business Machines Dividend Announcement

The business also recently disclosed 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. This represents a $6.68 annualized dividend and a yield of 2.81%. The ex-dividend date is Tuesday, November 12th. International Business Machines’s dividend payout ratio is 97.23%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on IBM. Bernstein Bank upped their price objective on shares of International Business Machines from $185.00 to $210.00 and gave the company a “market perform” rating in a report on Thursday, October 3rd. Bank of America increased their price target on International Business Machines from $209.00 to $250.00 and gave the stock a “buy” rating in a report on Wednesday, October 9th. Royal Bank of Canada restated an “outperform” rating and set a $250.00 price objective on shares of International Business Machines in a report on Thursday, October 24th. Morgan Stanley lowered their target price 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. Finally, Jefferies Financial Group lifted their price target on shares of International Business Machines from $200.00 to $245.00 and gave the company a “hold” rating in a research report on Monday, October 21st. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $208.12.

Insider Buying and Selling at International Business Machines

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

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.