3,018 Shares in International Business Machines Corporation $IBM Acquired by Mattson Financial Services LLC

Key Points

• Mattson Financial Services opened a new position in IBM in Q3, acquiring 3,018 shares valued at about $852,000, while institutional investors now own 58.96% of the company.
• IBM beat expectations in Q3 with EPS of $2.65 vs. $2.45 estimated and revenue of $16.33 billion (up 9.1% YoY).
• Analysts rate IBM an average "Moderate Buy" with a $293.38 average price target; the stock trades near $305, has a $285.3 billion market cap, and pays a $1.68 quarterly dividend (2.2% yield).

Mattson Financial Services LLC purchased a new position in International Business Machines Corporation (NYSE:IBM - Free Report) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 3,018 shares of the technology company's stock, valued at approximately $852,000.

A number of other hedge funds also recently made changes to their positions in IBM. Family CFO Inc purchased a new position in shares of International Business Machines in the second quarter valued at $25,000. Winnow Wealth LLC acquired a new stake in shares of International Business Machines during the second quarter valued at about $27,000. Silicon Valley Capital Partners increased its position in shares of International Business Machines by 322.6% during the first quarter. Silicon Valley Capital Partners now owns 131 shares of the technology company's stock worth $32,000 after acquiring an additional 100 shares during the last quarter. Highline Wealth Partners LLC boosted its holdings in International Business Machines by 85.0% in the second quarter. Highline Wealth Partners LLC now owns 111 shares of the technology company's stock valued at $33,000 after purchasing an additional 51 shares during the last quarter. Finally, Copia Wealth Management increased its holdings 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 during the last quarter. Hedge funds and other institutional investors own 58.96% of the company's stock.

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. Royal Bank Of Canada dropped their price target 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. Sanford C. Bernstein reissued a "market perform" rating on shares of International Business Machines in a report on Wednesday, December 10th. Morgan Stanley reduced their price target on shares of International Business Machines from $256.00 to $252.00 and set an "equal weight" rating on the stock in a research report on Thursday, October 23rd. BMO Capital Markets lifted their price target on International Business Machines from $300.00 to $305.00 and gave the stock a "market perform" rating in a research note on Thursday, October 23rd. Finally, Weiss Ratings raised International Business Machines from a "hold (c+)" rating to a "buy (b)" rating in a report on Saturday, October 25th. One equities research 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 issued a Sell rating to the stock. According to data from MarketBeat, International Business Machines currently has an average rating of "Moderate Buy" and an average price target of $293.38.

International Business Machines Stock Performance

Shares of IBM stock opened at $305.22 on Monday. The company has a market cap of $285.30 billion, a P/E ratio of 36.51, a PEG ratio of 3.04 and a beta of 0.69. The business has a 50 day moving average of $303.62 and a two-hundred day moving average of $280.86. International Business Machines Corporation has a 52 week low of $214.50 and a 52 week high of $324.90. The company has a quick ratio of 0.89, a current ratio of 0.93 and a debt-to-equity ratio of 1.97.

International Business Machines (NYSE:IBM - Get Free Report) last announced its quarterly earnings results on Wednesday, October 22nd. The technology company reported $2.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.45 by $0.20. The business had revenue of $16.33 billion for the quarter, compared to the consensus estimate of $16.10 billion. International Business Machines had a return on equity of 37.76% and a net margin of 12.09%.The business's revenue was up 9.1% on a year-over-year basis. During the same quarter last year, the business posted $2.30 EPS. As a group, analysts anticipate that International Business Machines Corporation will post 10.78 EPS for the current year.

International Business Machines Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 10th. Stockholders 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 dividend yield of 2.2%. International Business Machines's dividend payout ratio is currently 80.38%.

International Business Machines Company 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.

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