International Business Machines Corporation $IBM Shares Purchased by GAM Holding AG

GAM Holding AG lifted its stake in shares of International Business Machines Corporation (NYSE:IBM) by 921.7% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 50,553 shares of the technology company’s stock after purchasing an additional 45,605 shares during the period. International Business Machines makes up about 0.9% of GAM Holding AG’s holdings, making the stock its 24th biggest position. GAM Holding AG’s holdings in International Business Machines were worth $14,264,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Family CFO Inc purchased a new stake in International Business Machines during the second quarter valued at about $25,000. Winnow Wealth LLC acquired a new stake in shares of International Business Machines during the second quarter valued at approximately $27,000. Silicon Valley Capital Partners lifted its position in shares of International Business Machines by 322.6% in the 1st quarter. Silicon Valley Capital Partners now owns 131 shares of the technology company’s stock valued at $32,000 after acquiring an additional 100 shares in the last quarter. Highline Wealth Partners LLC boosted its stake in International Business Machines by 85.0% in the 2nd quarter. Highline Wealth Partners LLC now owns 111 shares of the technology company’s stock worth $33,000 after purchasing an additional 51 shares during the period. Finally, Copia Wealth Management grew its position in International Business Machines by 57.6% during the 2nd quarter. Copia Wealth Management now owns 134 shares of the technology company’s stock worth $40,000 after purchasing an additional 49 shares in the last quarter. Institutional investors and hedge funds own 58.96% of the company’s stock.

International Business Machines Price Performance

Shares of IBM opened at $291.35 on Friday. The company has a debt-to-equity ratio of 1.97, a quick ratio of 0.89 and a current ratio of 0.93. The firm has a market cap of $272.33 billion, a PE ratio of 34.85, a PEG ratio of 2.74 and a beta of 0.69. The firm’s 50 day moving average price is $304.54 and its 200 day moving average price is $281.48. International Business Machines Corporation has a twelve month low of $214.50 and a twelve month high of $324.90.

International Business Machines (NYSE:IBM) last announced its quarterly earnings results on Wednesday, October 22nd. The technology company reported $2.65 EPS for the quarter, topping 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%. International Business Machines’s quarterly revenue was up 9.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.30 EPS. As a group, research analysts expect that International Business Machines Corporation will post 10.78 EPS for the current fiscal year.

International Business Machines Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 10th. Shareholders of record on Monday, November 10th were given a $1.68 dividend. The ex-dividend date of this dividend was Monday, November 10th. This represents a $6.72 dividend on an annualized basis and a dividend yield of 2.3%. International Business Machines’s payout ratio is currently 80.38%.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Sanford C. Bernstein reaffirmed a “market perform” rating on shares of International Business Machines in a research report on Wednesday, December 10th. Wall Street Zen raised International Business Machines from a “hold” rating to a “buy” rating in a research note on Saturday. Bank of America increased their price target on shares of International Business Machines from $310.00 to $315.00 and gave the stock a “buy” rating in a research report on Thursday, October 23rd. Royal Bank Of Canada lowered their price objective on shares of International Business Machines from $315.00 to $300.00 and set an “outperform” rating on the stock in a research report on Thursday, October 23rd. Finally, Morgan Stanley cut their target price on shares of International Business Machines from $256.00 to $252.00 and set an “equal weight” rating for the company in a research report on Thursday, October 23rd. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $293.38.

International Business Machines Profile

International Business Machines Corporation (IBM) is a global technology and consulting company headquartered in Armonk, New York. Founded in 1911 as the Computing-Tabulating-Recording Company (CTR) and renamed IBM in 1924, the company has evolved from early electromechanical machines to a diversified technology provider serving enterprises and governments worldwide. IBM is publicly traded on the New York Stock Exchange under the ticker symbol IBM.

IBM’s principal businesses encompass cloud computing and software, infrastructure and systems, consulting and technology services, and research and development.