Ipswich Investment Management Co. Inc. Has $3.31 Million Stake in International Business Machines Corporation $IBM

Ipswich Investment Management Co. Inc. trimmed its position in International Business Machines Corporation (NYSE:IBM) by 13.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 11,740 shares of the technology company’s stock after selling 1,782 shares during the period. Ipswich Investment Management Co. Inc.’s holdings in International Business Machines were worth $3,313,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of IBM. Brighton Jones LLC boosted its holdings in International Business Machines by 12.4% during the fourth quarter. Brighton Jones LLC now owns 21,011 shares of the technology company’s stock worth $4,619,000 after purchasing an additional 2,323 shares during the last quarter. Strategies Wealth Advisors LLC acquired a new position in shares of International Business Machines during the 1st quarter worth about $398,000. Northwest & Ethical Investments L.P. bought a new position in shares of International Business Machines in the 1st quarter valued at about $451,000. Wellington Management Group LLP increased its position in shares of International Business Machines by 10.0% in the first quarter. Wellington Management Group LLP now owns 254,059 shares of the technology company’s stock valued at $63,174,000 after acquiring an additional 23,038 shares during the last quarter. Finally, Colonial Trust Advisors raised its holdings in International Business Machines by 14.9% during the first quarter. Colonial Trust Advisors now owns 1,189 shares of the technology company’s stock worth $296,000 after acquiring an additional 154 shares in the last quarter. 58.96% of the stock is currently owned by institutional investors.

International Business Machines Trading Up 0.0%

Shares of International Business Machines stock opened at $303.32 on Thursday. International Business Machines Corporation has a 1 year low of $214.50 and a 1 year high of $324.90. The company has a market capitalization of $283.52 billion, a price-to-earnings ratio of 36.28, a P/E/G ratio of 3.02 and a beta of 0.69. The business has a fifty day simple moving average of $300.33 and a two-hundred day simple moving average of $279.16. The company has a debt-to-equity ratio of 1.97, a current ratio of 0.93 and a quick ratio of 0.89.

International Business Machines (NYSE:IBM) last issued its quarterly earnings data on Wednesday, October 22nd. The technology company reported $2.65 earnings per share for the quarter, beating the consensus estimate of $2.45 by $0.20. The company had revenue of $16.33 billion for the quarter, compared to analyst estimates of $16.10 billion. International Business Machines had a net margin of 12.09% and a return on equity of 37.76%. The company’s revenue was up 9.1% on a year-over-year basis. During the same period in the prior year, the firm earned $2.30 earnings per share. Research analysts forecast that International Business Machines Corporation will post 10.78 EPS for the current year.

International Business Machines Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 10th. Shareholders of record on Monday, November 10th were given a dividend of $1.68 per share. The ex-dividend date was Monday, November 10th. This represents a $6.72 annualized dividend and a yield of 2.2%. International Business Machines’s dividend payout ratio (DPR) is 80.38%.

Analyst Ratings Changes

IBM has been the subject of a number of analyst reports. Oppenheimer began coverage on International Business Machines in a research note on Friday, November 21st. They issued an “outperform” rating and a $360.00 price target for the company. Royal Bank Of Canada decreased their target price on shares of International Business Machines from $315.00 to $300.00 and set an “outperform” rating for the company in a research note on Thursday, October 23rd. Wall Street Zen upgraded shares of International Business Machines from a “hold” rating to a “buy” rating in a report on Sunday, October 26th. Erste Group Bank upgraded shares of International Business Machines from a “hold” rating to a “buy” rating in a research note on Friday, December 5th. Finally, Morgan Stanley lowered their price objective on shares of International Business Machines from $256.00 to $252.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 23rd. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, International Business Machines presently has a consensus rating of “Moderate Buy” and a consensus target price of $293.38.

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.