International Business Machines Co. (NYSE:IBM) Shares Purchased by Umpqua Bank

Umpqua Bank lifted its position in International Business Machines Co. (NYSE:IBM) by 4.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,281 shares of the technology company’s stock after purchasing an additional 94 shares during the quarter. Umpqua Bank’s holdings in International Business Machines were worth $504,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Susquehanna Fundamental Investments LLC purchased a new position in International Business Machines during the second quarter valued at $7,160,000. Smith Thornton Advisors LLC acquired a new stake in shares of International Business Machines in the second quarter worth approximately $702,000. F M Investments LLC boosted its stake in International Business Machines by 39.6% during the 3rd quarter. F M Investments LLC now owns 61,938 shares of the technology company’s stock worth $13,696,000 after purchasing an additional 17,554 shares during the last quarter. Retirement Planning Group LLC purchased a new stake in International Business Machines during the 3rd quarter valued at about $618,000. Finally, QRG Capital Management Inc. boosted its holdings in shares of International Business Machines by 4.5% during the 3rd quarter. QRG Capital Management Inc. now owns 140,185 shares of the technology company’s stock worth $30,992,000 after purchasing an additional 6,004 shares during the last quarter. Institutional investors and hedge funds own 58.96% of the company’s stock.

International Business Machines Trading Up 1.7 %

Shares of International Business Machines stock traded up $3.59 during trading hours on Wednesday, reaching $211.16. 249,814 shares of the company’s stock were exchanged, compared to its average volume of 4,235,622. The company has a current ratio of 1.06, a quick ratio of 1.01 and a debt-to-equity ratio of 2.16. The firm has a market capitalization of $195.25 billion, a price-to-earnings ratio of 30.21, a price-to-earnings-growth ratio of 4.68 and a beta of 0.71. The company has a fifty day moving average of $217.19 and a 200-day moving average of $191.71. International Business Machines Co. has a 52-week low of $145.28 and a 52-week high of $237.37.

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

International Business Machines Announces Dividend

The company also recently declared 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. The ex-dividend date of this dividend is Tuesday, November 12th. This represents a $6.68 dividend on an annualized basis and a yield of 3.16%. International Business Machines’s dividend payout ratio (DPR) is 97.23%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on IBM. Bernstein Bank raised their target price on International Business Machines from $185.00 to $210.00 and gave the stock a “market perform” rating in a research note on Thursday, October 3rd. UBS Group raised their price target on shares of International Business Machines from $130.00 to $145.00 and gave the stock a “sell” rating in a report on Wednesday, September 4th. Morgan Stanley decreased their price objective on International Business Machines from $217.00 to $208.00 and set an “equal weight” rating on the stock in a report on Thursday, October 24th. BMO Capital Markets upped their price target on International Business Machines from $235.00 to $260.00 and gave the company a “market perform” rating in a research note on Thursday, October 24th. Finally, Jefferies Financial Group upped their price objective on shares of International Business Machines from $200.00 to $245.00 and gave the stock a “hold” rating in a report on Monday, October 21st. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $208.12.

International Business Machines 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.