OneDigital Investment Advisors LLC Has $5.75 Million Holdings in International Business Machines Co. (NYSE:IBM)

OneDigital Investment Advisors LLC grew its holdings in International Business Machines Co. (NYSE:IBM) by 17.0% in the 3rd quarter, Holdings Channel reports. The fund owned 26,017 shares of the technology company’s stock after purchasing an additional 3,789 shares during the quarter. OneDigital Investment Advisors LLC’s holdings in International Business Machines were worth $5,752,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of IBM. Lifeworks Advisors LLC raised its holdings in shares of International Business Machines by 27.4% during the third quarter. Lifeworks Advisors LLC now owns 30,244 shares of the technology company’s stock worth $6,686,000 after acquiring an additional 6,513 shares during the period. Tokio Marine Asset Management Co. Ltd. raised its stake in shares of International Business Machines by 7.2% in the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 25,199 shares of the technology company’s stock valued at $5,571,000 after purchasing an additional 1,690 shares during the period. Metis Global Partners LLC lifted its holdings in shares of International Business Machines by 4.8% in the third quarter. Metis Global Partners LLC now owns 60,482 shares of the technology company’s stock valued at $13,371,000 after purchasing an additional 2,743 shares in the last quarter. Endowment Wealth Management Inc. acquired a new position in shares of International Business Machines during the third quarter worth about $213,000. Finally, Planning Capital Management Corp grew its holdings in shares of International Business Machines by 5.8% during the third quarter. Planning Capital Management Corp now owns 1,474 shares of the technology company’s stock worth $326,000 after buying an additional 81 shares in the last quarter. 58.96% of the stock is currently owned by institutional investors.

International Business Machines Trading Down 1.9 %

Shares of IBM stock opened at $204.99 on Friday. International Business Machines Co. has a 12-month low of $152.13 and a 12-month high of $237.37. The company has a market capitalization of $189.54 billion, a PE ratio of 29.84, a price-to-earnings-growth ratio of 4.74 and a beta of 0.71. The firm has a 50 day moving average price of $218.70 and a two-hundred day moving average price of $193.22. The company has a quick ratio of 1.01, a current ratio of 1.06 and a debt-to-equity ratio of 2.16.

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

International Business Machines Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Tuesday, November 12th will be paid a $1.67 dividend. This represents a $6.68 annualized dividend and a yield of 3.26%. The ex-dividend date is Tuesday, November 12th. International Business Machines’s dividend payout ratio (DPR) is 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 firm’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 transaction, the senior vice president now owns 25,390 shares in the company, valued at $5,463,928. This trade represents a 12.42 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.07% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on IBM shares. Evercore ISI boosted their target price 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. Bernstein Bank increased 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 report on Thursday, October 3rd. Hsbc Global Res raised shares of International Business Machines to a “moderate sell” rating in a research report on Friday, July 26th. Stifel Nicolaus boosted their price target on shares of International Business Machines from $205.00 to $246.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. Finally, UBS Group raised their price objective on International Business Machines from $130.00 to $145.00 and gave the company a “sell” rating in a report on Wednesday, September 4th. Three equities research 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 MarketBeat.com, the company presently has a consensus rating of “Hold” and an average 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.