RS Crum Inc. Increases Stake in International Business Machines Co. (NYSE:IBM)

RS Crum Inc. increased its position in shares of International Business Machines Co. (NYSE:IBM) by 6.4% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,321 shares of the technology company’s stock after buying an additional 140 shares during the period. RS Crum Inc.’s holdings in International Business Machines were worth $513,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Townsquare Capital LLC raised its stake in International Business Machines by 7.0% in the third quarter. Townsquare Capital LLC now owns 87,585 shares of the technology company’s stock valued at $19,363,000 after buying an additional 5,765 shares in the last quarter. Cadence Bank acquired a new stake in International Business Machines during the third quarter worth approximately $10,653,000. Carlson Capital Management purchased a new stake in shares of International Business Machines during the 3rd quarter worth approximately $252,000. Shum Financial Group Inc. acquired a new position in shares of International Business Machines in the 3rd quarter valued at $753,000. Finally, Lazard Freres Gestion S.A.S. purchased a new position in shares of International Business Machines in the 3rd quarter valued at $208,000. Institutional investors and hedge funds own 58.96% of the company’s stock.

Analyst Upgrades and Downgrades

IBM has been the subject of several research analyst reports. 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 research note on Thursday, October 3rd. StockNews.com downgraded International Business Machines from a “buy” rating to a “hold” rating in a research note on Wednesday, November 20th. Evercore ISI boosted their price objective on International Business Machines from $215.00 to $240.00 and gave the company an “outperform” rating in a research note on Wednesday, September 11th. The Goldman Sachs Group raised their target price on shares of International Business Machines from $220.00 to $250.00 and gave the stock a “buy” rating in a research report on Monday, September 30th. Finally, BMO Capital Markets upped their price target on shares of International Business Machines from $235.00 to $260.00 and gave the company a “market perform” rating in a research report on Thursday, October 24th. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $208.12.

International Business Machines Stock Up 1.2 %

IBM opened at $228.85 on Wednesday. The company has a debt-to-equity ratio of 2.16, a current ratio of 1.06 and a quick ratio of 1.01. International Business Machines Co. has a 12 month low of $154.75 and a 12 month high of $237.37. The stock has a market capitalization of $211.61 billion, a P/E ratio of 33.31, a P/E/G ratio of 5.08 and a beta of 0.71. The business has a 50 day simple moving average of $219.93 and a 200-day simple moving average of $196.43.

International Business Machines (NYSE:IBM) last released its earnings results on Wednesday, October 23rd. The technology company reported $2.30 EPS for the quarter, beating analysts’ consensus estimates of $2.27 by $0.03. The company 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%. International Business Machines’s quarterly revenue was up 1.5% compared to the same quarter last year. During the same quarter last year, the company earned $2.20 earnings per share. On average, equities analysts anticipate that International Business Machines Co. will post 10.12 earnings per share for the current fiscal year.

International Business Machines Announces Dividend

The business also recently announced 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. The ex-dividend date is Tuesday, November 12th. This represents a $6.68 annualized dividend and a yield of 2.92%. International Business Machines’s payout ratio is currently 97.23%.

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 transaction of $774,720.00. Following the sale, the senior vice president now directly owns 25,390 shares in the company, valued at approximately $5,463,928. The trade was a 12.42 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.07% of the stock is currently owned by corporate insiders.

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.