<div id="readability-page-1"><p>Matrix Trust Co grew its stake in  International Business Machines Corporation (NYSE:IBM - Free Report) by 185.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor  owned 5,810 shares of the technology company's stock after buying an additional 3,778 shares during the period. Matrix Trust Co's holdings in International Business Machines were worth $1,639,000 at the end of the most recent reporting period.</p><ul><li>Big Blue’s Big Bet: IBM Buys AI Nervous System for $11B</li></ul><p>A number of other hedge funds have also recently modified their holdings of IBM. Family CFO Inc acquired a new position in  International Business Machines in the second quarter valued at $25,000.  Winnow Wealth LLC purchased a new stake in shares of  International Business Machines in the 2nd quarter valued at about $27,000.  Highline Wealth Partners LLC boosted its position in shares of  International Business Machines by 85.0% in the 2nd 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 period.  Silicon Valley Capital Partners boosted its position in shares of  International Business Machines by 322.6% in the 1st quarter. Silicon Valley Capital Partners now owns 131 shares of the technology company's stock valued at $32,000 after purchasing an additional 100 shares during the period.  Finally, Copia Wealth Management grew its stake 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 buying an additional 49 shares during the last quarter. 58.96% of the stock is owned by hedge funds and other institutional investors. </p><h2>Analyst Upgrades and Downgrades</h2><p>A number of equities analysts have recently commented on the stock. BMO Capital Markets lifted 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 report on Thursday, October 23rd. Royal Bank Of Canada lowered their price objective on shares of International Business Machines from $315.00 to $300.00 and set an &#34;outperform&#34; rating on the stock in a research report on Thursday, October 23rd. Bank of America lifted their price objective on shares of International Business Machines from $310.00 to $315.00 and gave the company a &#34;buy&#34; rating in a research note on Thursday, October 23rd. Jefferies Financial Group increased their target price on shares of International Business Machines from $280.00 to $305.00 and gave the stock a &#34;hold&#34; rating in a research note on Tuesday, October 21st. Finally, Morgan Stanley lowered their price target on 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. One 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 company's stock. According to MarketBeat.com, the company currently has an average rating of &#34;Moderate Buy&#34; and a consensus price target of $293.38.</p><ul><li>How Does D-Wave Stack Up to Quantum Rivals After Earnings Season?</li></ul><p><b>View Our Latest Stock Analysis on International Business Machines</b></p><h2>International Business Machines Price Performance</h2><p>Shares of NYSE:IBM opened at $302.97 on Tuesday. The company has a market cap of $283.20 billion, a P/E ratio of 36.24, a PEG ratio of 3.00 and a beta of 0.69. The company has a 50-day moving average price of $301.54 and a 200 day moving average price of $280.02. 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. </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 posted its quarterly earnings results on Wednesday, October 22nd. The technology company reported $2.65 earnings per share for the quarter, beating analysts' consensus estimates of $2.45 by $0.20. The firm 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 company's revenue for the quarter was up 9.1% compared to the same quarter last year. During the same period in the previous year, the business earned $2.30 earnings per share.  Research 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 declared a quarterly dividend, which was paid on Wednesday, December 10th. Stockholders of record on Monday, November 10th were paid a dividend of $1.68 per share. The ex-dividend date of this dividend was Monday, November 10th. This represents a $6.72 dividend on an annualized basis and a dividend yield of 2.2%. International Business Machines's dividend payout ratio  is 80.38%. </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 Stories</h2><ul><li>Five stocks we like better than International Business Machines</li><li>Do not delete, read immediately</li><li>INVESTOR ALERT: Tiny “$3 AI Wonder Stock” on the Verge of Blasting Off</li><li>Buffett, Gates and Bezos Quietly Dumping Stocks—Here's Why</li><li>Can Any Expenses Be Deducted From Capital Gains Tax?</li><li>The Last Gold Bull Market </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>Matrix Trust Co increased its stake in IBM by 185.9% in Q3, owning 5,810 shares worth $1,639,000. Other hedge funds also modified their holdings. Analysts have mixed ratings on IBM, with a consensus price target of $293.38. IBM reported Q3 earnings of $2.65 per share, beating estimates, with revenue of $16.33 billion, up 9.1% YoY.</p>

International Business Machines Corporation $IBM Shares Bought by Matrix Trust Co