<div id="readability-page-1"><p>LMR Partners LLP purchased a new position in  International Business Machines Corporation (NYSE:IBM - Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 64,502 shares of the technology company's stock, valued at approximately $19,014,000.</p><ul><li>Big Blue’s Big Bet: IBM Buys AI Nervous System for $11B</li></ul><p>Several other hedge funds have also bought and sold shares of the business. Vanguard Group Inc. lifted its holdings in shares of  International Business Machines by 2.1% during the second quarter. Vanguard Group Inc. now owns 95,051,475 shares of the technology company's stock valued at $28,019,274,000 after purchasing an additional 1,913,708 shares during the last quarter.  State Street Corp increased its position in  International Business Machines by 0.3% during the 2nd quarter. State Street Corp now owns 54,536,963 shares of the technology company's stock valued at $16,076,406,000 after buying an additional 147,721 shares in the last quarter.  Geode Capital Management LLC raised its stake in  International Business Machines by 1.9% during the second quarter. Geode Capital Management LLC now owns 21,936,235 shares of the technology company's stock valued at $6,444,527,000 after buying an additional 400,131 shares during the last quarter.  UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in  International Business Machines by 6.5% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 8,636,725 shares of the technology company's stock worth $2,147,608,000 after acquiring an additional 524,633 shares in the last quarter.  Finally, Legal &amp; General Group Plc grew its stake in shares of  International Business Machines by 3.4% in the second quarter. Legal &amp; General Group Plc now owns 7,126,503 shares of the technology company's stock worth $2,100,751,000 after acquiring an additional 234,318 shares during the last quarter. Institutional investors own  58.96% of the company's stock. </p><h2>International Business Machines Stock Down 0.5%</h2><p>IBM opened at $309.33 on Friday. The stock has a market capitalization of $289.14 billion, a price-to-earnings ratio of 37.00, a PEG ratio of 3.09 and a beta of 0.69. The firm has a 50 day moving average price of $299.47 and a 200-day moving average price of $278.09. International Business Machines Corporation has a twelve month low of $214.50 and a twelve month 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. </p><ul><li>How Does D-Wave Stack Up to Quantum Rivals After Earnings Season?</li></ul><p>International Business Machines (NYSE:IBM - Get Free Report) last posted 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 business had revenue of $16.33 billion during the quarter, compared to the consensus estimate of $16.10 billion. International Business Machines had a net margin of 12.09% and a return on equity of 37.76%. The firm's revenue was up 9.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.30 EPS.  Equities research analysts forecast 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 company also recently declared a quarterly dividend, which was paid on Wednesday, December 10th. Shareholders of record on Monday, November 10th were paid a dividend of $1.68 per share. This represents a $6.72 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date was Monday, November 10th. International Business Machines's payout ratio is currently 80.38%. </p><h2>Analysts Set New Price Targets</h2><ul><li>Rigetti’s Q3 Miss Reveals Quantum Funding and Timing Pressures</li></ul><p>Several equities analysts have recently issued reports on IBM shares. Sanford C. Bernstein  reaffirmed a &#34;market perform&#34; rating on shares of International Business Machines in a research report on Wednesday. Erste Group Bank upgraded shares of International Business Machines from a &#34;hold&#34; rating to a &#34;buy&#34; rating in a research note on Friday, December 5th. 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 research note on Thursday, October 23rd. Oppenheimer began coverage on shares of International Business Machines in a report on Friday, November 21st. They set an &#34;outperform&#34; rating and a $360.00 price target on the stock. Finally, UBS Group  restated a &#34;sell&#34; rating on shares of International Business Machines in a report on Tuesday. One equities research analyst  has rated the stock with a Strong Buy rating, nine have issued  a Buy rating, six have issued  a Hold rating and one  has issued  a Sell rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of &#34;Moderate Buy&#34; and a consensus price target of $293.38.</p><p><b>Get Our Latest Stock Analysis on IBM</b></p><h2>About International Business Machines</h2> (Free Report)<p>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.</p><h2>Recommended Stories</h2><ul><li>Five stocks we like better than International Business Machines</li><li>What is the Australian Securities Exchange (ASX) </li><li>Why Amazon Could Be a $300 Stock Within Weeks</li><li>What is Insider Trading? What You Can Learn from Insider Trading</li><li>Adobe Gets Post-Earnings Lift: Long-Term Outlook Favors Upside</li><li>How to Use High Beta Stocks to Maximize Your Investing Profits</li><li>MarketBeat Week in Review – 12/8 - 12/12</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>LMR Partners LLP invested $19.01 million in IBM by purchasing 64,502 shares in the second quarter. Other major investors like Vanguard Group and State Street Corp also increased their holdings in IBM. IBM's stock opened at $309.33 with a market cap of $289.14 billion. The company reported a quarterly EPS of $2.65, surpassing estimates, and declared a quarterly dividend of $1.68 per share. Analysts have mixed ratings on IBM, with some upgrading and others downgrading their price targets.</p>

LMR Partners LLP Invests $19.01 Million in International Business Machines Corporation $IBM