<div id="readability-page-1"><p>Manchester Financial Inc. trimmed its holdings in shares of  International Business Machines Corporation (NYSE:IBM - Free Report) by 41.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,372 shares of the technology company's stock after selling 1,696 shares during the period. Manchester Financial Inc.'s holdings in International Business Machines were worth $669,000 at the end of the most recent quarter.</p><ul><li>Big Blue’s Big Bet: IBM Buys AI Nervous System for $11B</li></ul><p>Several other hedge funds have also recently modified their holdings of IBM. Family CFO Inc bought a new stake in  International Business Machines in the 2nd quarter worth about $25,000.  Winnow Wealth LLC purchased a new stake in shares of  International Business Machines during the 2nd quarter valued at about $27,000.  Silicon Valley Capital Partners boosted its holdings in shares of  International Business Machines by 322.6% during 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 during the last quarter.  Highline Wealth Partners LLC grew its stake in shares of  International Business Machines by 85.0% in the second quarter. Highline Wealth Partners LLC now owns 111 shares of the technology company's stock worth $33,000 after acquiring an additional 51 shares during the period.  Finally, Copia Wealth Management raised its holdings in shares of  International Business Machines by 57.6% during the second quarter. Copia Wealth Management now owns 134 shares of the technology company's stock valued at $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. </p><h2>Wall Street Analysts Forecast Growth</h2><p>Several brokerages recently issued reports on IBM. Morgan Stanley dropped their target price on shares of International Business Machines from $256.00 to $252.00 and set an &#34;equal weight&#34; rating on the stock in a report on Thursday, October 23rd. Royal Bank Of Canada lowered their price target on International Business Machines from $315.00 to $300.00 and set an &#34;outperform&#34; rating on the stock in a report on Thursday, October 23rd. BMO Capital Markets raised their price target on International Business Machines from $300.00 to $305.00 and gave the stock a &#34;market perform&#34; rating in a research note on Thursday, October 23rd. Weiss Ratings raised International Business Machines from a &#34;hold (c+)&#34; rating to a &#34;buy (b)&#34; rating in a report on Saturday, October 25th. Finally, Wall Street Zen downgraded International Business Machines from a &#34;buy&#34; rating to a &#34;hold&#34; rating in a report on Saturday. One investment 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 stock. Based on data from MarketBeat, the company presently has an average rating of &#34;Moderate Buy&#34; and a consensus target price of $293.38.</p><ul><li>How Does D-Wave Stack Up to Quantum Rivals After Earnings Season?</li></ul><p><b>Get Our Latest Report on IBM</b></p><h2>International Business Machines Trading Up 0.4%</h2><p>Shares of IBM stock opened at $303.93 on Wednesday. International Business Machines Corporation has a 1 year low of $214.50 and a 1 year high of $324.90. The firm has a fifty day moving average price of $302.10 and a 200-day moving average price of $280.26. The company has a debt-to-equity ratio of 1.97, a current ratio of 0.93 and a quick ratio of 0.89. The company has a market cap of $284.09 billion, a price-to-earnings ratio of 36.35, a PEG ratio of 3.02 and a beta of 0.69. </p><ul><li>Rigetti’s Q3 Miss Reveals Quantum Funding and Timing Pressures</li></ul><p>International Business Machines (NYSE:IBM - Get Free Report) last announced its earnings results on Wednesday, October 22nd. The technology company reported $2.65 EPS for the quarter, topping analysts' consensus estimates of $2.45 by $0.20. The company had revenue of $16.33 billion for the quarter, compared to analysts' expectations of $16.10 billion. International Business Machines had a return on equity of 37.76% and a net margin of 12.09%.International Business Machines's revenue for the quarter was up 9.1% compared to the same quarter last year. During the same period last year, the firm earned $2.30 EPS.  As a group, equities analysts predict that  International Business Machines Corporation will post 10.78 earnings per share for the current year. </p><h2>International Business Machines Dividend Announcement</h2><p>The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 10th. Stockholders of record on Monday, November 10th were paid a $1.68 dividend. The ex-dividend date of this dividend 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 (DPR) is 80.38%. </p><h2>International Business Machines Profile</h2> (Free Report)<p>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.  </p><p>IBM's principal businesses encompass cloud computing and software, infrastructure and systems, consulting and technology services, and research and development.</p><h2>Featured Articles</h2><ul><li>Five stocks we like better than International Business Machines</li><li>The boring AI play that could pay up to $4,290 monthly</li><li>The gift that keeps giving (just $1 today)</li><li>The Best $1 You'll Spend This Holiday Season</li><li>Put $1,000 into this stock by Jan 1 [Not NVDA]</li><li>Trump Did WHAT??</li></ul><p><strong>Want to see what other hedge funds are holding IBM?</strong> Visit HoldingsChannel.com to get the latest 13F filings and insider trades for International Business Machines Corporation (NYSE:IBM - Free Report).</p><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUlCTQ?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUlCTQ"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in International Business Machines Right Now?</h2><p>Before you consider International Business Machines, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and International Business Machines wasn't on the list.</p><p>While International Business Machines currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

<p>Manchester Financial Inc. reduced its IBM stock holdings by 41.7% in Q3, owning 2,372 shares worth $669,000. Analysts have mixed ratings for IBM, with a consensus target price of $293.38. IBM's stock opened at $303.93, with a 1-year range of $214.50-$324.90. The company reported Q3 earnings of $2.65 per share, beating estimates, with revenue up 9.1% year-over-year.</p>

Manchester Financial Inc. Decreases Stock Position in International Business Machines Corporation $IBM