Wright Buyers Service Inc. lessened its place in Worldwide Enterprise Machines Co. (NYSE:IBM – Get Ranking) by 7.3% within the third quarter, in keeping with its most up-to-date submitting with the SEC. The agency owned 30,183 shares of the know-how firm’s inventory after promoting 2,382 shares throughout the interval. Worldwide Enterprise Machines makes up 1.1% of Wright Buyers Service Inc.’s funding portfolio, making the inventory its twenty eighth largest holding. Wright Buyers Service Inc.’s holdings in Worldwide Enterprise Machines had been value $3,586,000 on the finish of the newest quarter.
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Different hedge funds have additionally just lately added to or decreased their stakes within the firm. Cantor Fitzgerald Funding Advisor L.P raised its holdings in Worldwide Enterprise Machines by 97.6% throughout the first quarter. Cantor Fitzgerald Funding Advisor L.P now owns 257,335 shares of the know-how firm’s inventory value $33,459,000 after buying a further 127,093 shares over the past quarter. Roundview Capital LLC bought a brand new place in Worldwide Enterprise Machines throughout the 1st quarter valued at about $203,000. Sei Investments Co. raised its place in Worldwide Enterprise Machines by 35.7% throughout the first quarter. Sei Investments Co. now owns 177,599 shares of the know-how firm’s inventory value $23,157,000 after buying a further 46,756 shares over the past quarter. Candriam Luxembourg S.C.A. grew its place in shares of Worldwide Enterprise Machines by 1.9% within the first quarter. Candriam Luxembourg S.C.A. now owns 95,662 shares of the know-how firm’s inventory valued at $12,438,000 after buying a further 1,821 shares over the past quarter. Lastly, Baird Monetary Group Inc. raised its place in shares of Worldwide Enterprise Machines by 1.5% throughout the 1st quarter. Baird Monetary Group Inc. now owns 382,232 shares of the know-how firm’s inventory value $49,698,000 after buying a further 5,506 shares over the past quarter. Institutional buyers and hedge funds personal 55.90% of the corporate’s inventory.
In different Worldwide Enterprise Machines information, VP Bene Robert F. Del offered 3,000 shares of the enterprise’s inventory in a transaction on Tuesday, November twenty second. The shares had been offered at a median worth of $148.36, for a complete worth of $445,080.00. Following the transaction, the vice chairman now owns 14,553 shares within the firm, valued at roughly $2,159,083.08. The sale was disclosed in a doc filed with the Securities & Change Fee, which is accessible by means of this hyperlink. Insiders personal 0.04% of the corporate’s inventory.
Wall Road Analyst Weigh In
A variety of analysts just lately commented on IBM shares. UBS Group decreased their worth goal on Worldwide Enterprise Machines from $112.00 to $111.00 and set a “promote” score on the inventory in a analysis observe on Thursday, October twentieth. Credit score Suisse Group decreased their goal worth on shares of Worldwide Enterprise Machines from $158.00 to $155.00 and set an “outperform” score on the inventory in a analysis report on Thursday, October twentieth. Evercore ISI elevated their worth goal on Worldwide Enterprise Machines from $125.00 to $135.00 and gave the inventory an “inline” score in a analysis observe on Thursday, October twentieth. Stifel Nicolaus decreased their worth goal on Worldwide Enterprise Machines from $150.00 to $140.00 and set a “purchase” score on the inventory in a analysis observe on Monday, October seventeenth. Lastly, Financial institution of America decreased their goal worth on shares of Worldwide Enterprise Machines from $155.00 to $145.00 in a analysis report on Tuesday, October 18th. One funding analyst has rated the inventory with a promote score, three have issued a maintain score and 4 have given a purchase score to the inventory. Primarily based on information from MarketBeat, the corporate at the moment has a median score of “Maintain” and a consensus worth goal of $139.33.
Worldwide Enterprise Machines Inventory Down 0.2 %
Shares of NYSE:IBM traded down $0.26 throughout noon buying and selling on Friday, hitting $145.29. 36,509 shares of the corporate’s inventory traded arms, in comparison with its common quantity of three,221,521. Worldwide Enterprise Machines Co. has a twelve month low of $115.54 and a twelve month excessive of $153.21. The corporate has a market cap of $131.36 billion, a PE ratio of 106.24, a P/E/G ratio of two.23 and a beta of 0.89. The corporate has a debt-to-equity ratio of two.23, a fast ratio of 0.89 and a present ratio of 0.95. The agency’s fifty day transferring common worth is $144.28 and its two-hundred day transferring common worth is $135.45.
Worldwide Enterprise Machines (NYSE:IBM – Get Ranking) final issued its earnings outcomes on Wednesday, October nineteenth. The know-how firm reported $1.81 earnings per share for the quarter, topping the consensus estimate of $1.78 by $0.03. The corporate had income of $14.11 billion throughout the quarter, in comparison with the consensus estimate of $13.55 billion. Worldwide Enterprise Machines had a return on fairness of 41.50% and a internet margin of two.08%. The corporate’s income was up 6.5% in comparison with the identical quarter final 12 months. Throughout the identical quarter within the prior 12 months, the enterprise earned $2.52 earnings per share. On common, equities analysis analysts anticipate that Worldwide Enterprise Machines Co. will publish 9.12 EPS for the present fiscal 12 months.
Worldwide Enterprise Machines Broadcasts Dividend
The corporate additionally just lately introduced a quarterly dividend, which was paid on Saturday, December tenth. Stockholders of report on Thursday, November tenth got a dividend of $1.65 per share. The ex-dividend date was Wednesday, November ninth. This represents a $6.60 dividend on an annualized foundation and a dividend yield of 4.54%. Worldwide Enterprise Machines’s payout ratio is at the moment 481.76%.
Worldwide Enterprise Machines Firm Profile
Worldwide Enterprise Machines Company supplies built-in options and providers worldwide. The corporate operates by means of 4 enterprise segments: Software program, Consulting, Infrastructure, and Financing. The Software program section provides hybrid cloud platform and software program options, equivalent to Pink Hat, an enterprise open-source options; software program for enterprise automation, AIOps and administration, integration, and utility servers; information and synthetic intelligence options; and safety software program and providers for menace, information, and identification.
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