Meeder Advisory Services Inc. Acquires 788 Shares of International Business Machines Co. (NYSE:IBM)

Meeder Advisory Services Inc. raised its holdings in International Business Machines Co. (NYSE:IBM) by 5.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 15,849 shares of the technology company’s stock after buying an additional 788 shares during the period. Meeder Advisory Services Inc.’s holdings in International Business Machines were worth $3,504,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in IBM. Edgestream Partners L.P. increased its holdings in International Business Machines by 119.6% during the first quarter. Edgestream Partners L.P. now owns 9,127 shares of the technology company’s stock worth $1,743,000 after buying an additional 4,971 shares during the last quarter. Hillsdale Investment Management Inc. purchased a new stake in International Business Machines during the first quarter worth about $611,000. Davis R M Inc. increased its holdings in International Business Machines by 0.9% during the first quarter. Davis R M Inc. now owns 7,542 shares of the technology company’s stock worth $1,440,000 after buying an additional 65 shares during the last quarter. Bahl & Gaynor Inc. increased its stake in shares of International Business Machines by 1.4% in the first quarter. Bahl & Gaynor Inc. now owns 8,400 shares of the technology company’s stock worth $1,604,000 after purchasing an additional 116 shares in the last quarter. Finally, Atlanta Consulting Group Advisors LLC purchased a new position in shares of International Business Machines in the first quarter worth about $312,000. 58.96% of the stock is owned by institutional investors.

Insider Buying and Selling 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 shares were 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 of the company’s stock, valued at $5,463,928. This represents a 12.42 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.07% of the company’s stock.

International Business Machines Trading Up 0.3 %

Shares of International Business Machines stock opened at $205.66 on Monday. International Business Machines Co. has a 1 year low of $152.35 and a 1 year high of $237.37. The firm has a market cap of $190.16 billion, a PE ratio of 29.83, a PEG ratio of 4.60 and a beta of 0.71. 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 company has a 50 day simple moving average of $218.79 and a two-hundred day simple moving average of $193.88.

International Business Machines (NYSE:IBM) last issued its earnings results on Wednesday, October 23rd. The technology company reported $2.30 EPS for the quarter, topping 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 company had revenue of $14.97 billion for the quarter, compared to the consensus estimate of $15.08 billion. During the same period in the previous year, the firm earned $2.20 earnings per share. The firm’s revenue for the quarter was up 1.5% on a year-over-year basis. Analysts expect that International Business Machines Co. will post 10.12 earnings per share for the current fiscal 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 dividend of $1.67 per share. This represents a $6.68 dividend on an annualized basis and a yield of 3.25%. The ex-dividend date is Tuesday, November 12th. International Business Machines’s payout ratio is currently 97.23%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. StockNews.com upgraded shares of International Business Machines from a “hold” rating to a “buy” rating in a research note on Tuesday, November 12th. Bernstein Bank lifted their target price on shares of 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. Stifel Nicolaus lifted their target price on shares of International Business Machines from $205.00 to $246.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. Morgan Stanley reduced their target price on shares of International Business Machines from $217.00 to $208.00 and set an “equal weight” rating for the company in a research note on Thursday, October 24th. Finally, Evercore ISI lifted their target price on shares of International Business Machines from $215.00 to $240.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 11th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, International Business Machines has a consensus rating of “Hold” and an average target price of $208.12.

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.