Public Employees Retirement Association of Colorado Decreases Stock Holdings in International Business Machines Co. (NYSE:IBM)

Public Employees Retirement Association of Colorado reduced its stake in International Business Machines Co. (NYSE:IBM) by 3.6% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 130,407 shares of the technology company’s stock after selling 4,940 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in International Business Machines were worth $24,903,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of IBM. Ceeto Capital Group LLC increased its position in shares of International Business Machines by 2.0% during the first quarter. Ceeto Capital Group LLC now owns 10,747 shares of the technology company’s stock worth $2,052,000 after purchasing an additional 208 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in International Business Machines by 151.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,515,666 shares of the technology company’s stock valued at $671,352,000 after acquiring an additional 2,118,165 shares in the last quarter. BOKF NA grew its stake in International Business Machines by 0.8% during the 1st quarter. BOKF NA now owns 65,910 shares of the technology company’s stock worth $12,512,000 after purchasing an additional 520 shares in the last quarter. Kestra Advisory Services LLC raised its holdings in International Business Machines by 23.9% in the first quarter. Kestra Advisory Services LLC now owns 174,289 shares of the technology company’s stock valued at $33,282,000 after acquiring an additional 33,568 shares in the last quarter. Finally, Beck Capital Management LLC increased its holdings in shares of International Business Machines by 5.1% in the 1st quarter. Beck Capital Management LLC now owns 1,435 shares of the technology company’s stock valued at $274,000 after acquiring an additional 69 shares during the last quarter. Hedge funds and other institutional investors own 58.96% of the company’s stock.

International Business Machines Stock Down 0.3 %

IBM stock traded down $0.60 during mid-day trading on Monday, hitting $191.15. 1,680,765 shares of the company were exchanged, compared to its average volume of 4,425,267. The firm’s 50 day simple moving average is $174.75 and its 200 day simple moving average is $179.38. International Business Machines Co. has a 1-year low of $135.87 and a 1-year high of $199.18. The firm has a market cap of $175.59 billion, a P/E ratio of 21.47, a P/E/G ratio of 4.28 and a beta of 0.71. The company has a debt-to-equity ratio of 2.20, a quick ratio of 1.08 and a current ratio of 1.12.

International Business Machines (NYSE:IBM) last posted its earnings results on Wednesday, July 24th. The technology company reported $2.43 EPS for the quarter, beating the consensus estimate of $2.16 by $0.27. International Business Machines had a return on equity of 40.59% and a net margin of 13.52%. The company had revenue of $15.77 billion for the quarter, compared to the consensus estimate of $15.62 billion. During the same quarter in the prior year, the business earned $2.18 earnings per share. The firm’s revenue for the quarter was up 1.9% on a year-over-year basis. On average, sell-side analysts predict that International Business Machines Co. will post 10.06 EPS for the current fiscal year.

International Business Machines Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 10th. Investors of record on Friday, May 10th were given a dividend of $1.67 per share. This is a boost from International Business Machines’s previous quarterly dividend of $1.66. The ex-dividend date of this dividend was Thursday, May 9th. This represents a $6.68 annualized dividend and a dividend yield of 3.49%. International Business Machines’s payout ratio is presently 75.65%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. Jefferies Financial Group raised their target price on shares of International Business Machines from $190.00 to $200.00 and gave the stock a “hold” rating in a research report on Thursday. Stifel Nicolaus upped their target price on International Business Machines from $190.00 to $205.00 and gave the company a “buy” rating in a research note on Thursday. Morgan Stanley decreased their target price on shares of International Business Machines from $186.00 to $179.00 and set an “equal weight” rating on the stock in a research report on Friday, April 26th. UBS Group boosted their target price on shares of International Business Machines from $125.00 to $130.00 and gave the company a “sell” rating in a report on Monday, April 22nd. Finally, BMO Capital Markets lifted their price target on shares of International Business Machines from $190.00 to $210.00 and gave the company a “market perform” rating in a research report on Thursday. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $184.93.

About International Business Machines

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.