<p>Flputnam Investment Management Co. raised its position in shares of  International Business Machines Corporation (NYSE:IBM - Free Report) by 8.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 103,108 shares of the technology company's stock after acquiring an additional 7,750 shares during the period. Flputnam Investment Management Co.'s holdings in International Business Machines were worth $29,093,000 as of its most recent SEC filing.</p><div><div><span class="fa-regular fa-bullhorn mr-2"></span><span>Get <strong>IBM</strong> alerts:</span></div><div>Sign Up</div><div id="ShowSuggestionInPost"></div></div><ul><li>Big Blue’s Big Bet: IBM Buys AI Nervous System for $11B</li></ul><p>Several other hedge funds and other institutional investors also recently made changes to their positions in IBM. Family CFO Inc bought a new position in  International Business Machines in the 2nd quarter worth approximately $25,000.  Winnow Wealth LLC bought a new stake in shares of  International Business Machines in the second quarter valued at approximately $27,000.  Silicon Valley Capital Partners grew its stake in shares of  International Business Machines by 322.6% in 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 increased its position in  International Business Machines by 85.0% during 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 increased its position in  International Business Machines by 57.6% during the second quarter. Copia Wealth Management now owns 134 shares of the technology company's stock worth $40,000 after acquiring an additional 49 shares during the period. 58.96% of the stock is owned by institutional investors and hedge funds. </p><h2>International Business Machines Price Performance</h2><p>Shares of International Business Machines stock opened at $300.94 on Friday. The firm has a market cap of $281.30 billion, a P/E ratio of 36.00, a price-to-earnings-growth ratio of 3.00 and a beta of 0.69. The firm's 50-day simple moving average is $301.03 and its 200-day simple moving average is $279.66. International Business Machines Corporation has a twelve month low of $214.50 and a twelve month high of $324.90. The company has a debt-to-equity ratio of 1.97, a quick ratio of 0.89 and a current ratio of 0.93. </p><div><div id="ezoicContainer108"><div id="ezoic-pub-ad-placeholder-108"></div></div></div><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 announced its quarterly 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 firm had revenue of $16.33 billion during the quarter, compared to analysts' expectations of $16.10 billion. International Business Machines had a net margin of 12.09% and a return on equity of 37.76%. The company's revenue for the quarter was up 9.1% compared to the same quarter last year. During the same quarter last year, the company earned $2.30 earnings per share.  As a group, research analysts expect that  International Business Machines Corporation will post 10.78 EPS for the current fiscal year. </p><h2>International Business Machines Dividend Announcement</h2><p>The business also recently declared a quarterly dividend, which was paid on Wednesday, December 10th. Investors 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 yield of 2.2%. International Business Machines's payout ratio is currently 80.38%. </p><h2>Analyst Upgrades and Downgrades</h2><ul><li>Rigetti’s Q3 Miss Reveals Quantum Funding and Timing Pressures</li></ul><p>IBM has been the subject of a number of research reports. Weiss Ratings raised shares of International Business Machines from a &#34;hold (c+)&#34; rating to a &#34;buy (b)&#34; rating in a report on Saturday, October 25th. Oppenheimer began coverage on shares of International Business Machines in a research report on Friday, November 21st. They set an &#34;outperform&#34; rating and a $360.00 price objective for the company. BMO Capital Markets increased their target price on shares of International Business Machines from $300.00 to $305.00 and gave the company a &#34;market perform&#34; rating in a research note on Thursday, October 23rd. Jefferies Financial Group boosted their price target on International Business Machines from $280.00 to $305.00 and gave the company a &#34;hold&#34; rating in a research note on Tuesday, October 21st. Finally, UBS Group  reaffirmed a &#34;sell&#34; rating on shares of International Business Machines in a report on Tuesday, December 9th. One research analyst  has rated the stock with a Strong Buy rating, nine have assigned  a Buy rating, six have given a Hold rating and one  has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of &#34;Moderate Buy&#34; and an average target price of $293.38.</p><p><b>Read Our Latest Stock Report on IBM</b></p><h2>International Business Machines Company 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>Best Stocks Under $10.00 </li><li>These 3 Banks Are Rallying Into Year-End, But Will It Continue?</li><li>Utilities Stocks Explained – How and Why to Invest in Utilities</li><li>3 Surging Stocks Just Got the Ultimate Stamp of Approval From the S&amp;P 500</li><li>What is the Australian Securities Exchange (ASX) </li><li>This ETF Caught a Major Tailwind After the Fed’s Rate Cut</li></ul><p style="text-align: center"><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><div></div></div>

<p>Flputnam Investment Management Co. increased its stake in IBM by 8.1% in Q3, owning 103,108 shares worth $29,093,000. IBM reported Q3 earnings of $2.65 per share, beating estimates, with revenue up 9.1% year-over-year. The company declared a quarterly dividend of $1.68 per share. Analysts have mixed ratings, with some upgrading IBM's stock and others maintaining hold or sell ratings.</p>

Flputnam Investment Management Co. Purchases 7,750 Shares of International Business Machines Corporation $IBM