Public Employees Retirement Association of Colorado Has $21.98 Million Position in International Business Machines Co. (NYSE:IBM)

Public Employees Retirement Association of Colorado cut its holdings in International Business Machines Co. (NYSE:IBM) by 2.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 127,111 shares of the technology company’s stock after selling 3,296 shares during the period. Public Employees Retirement Association of Colorado’s holdings in International Business Machines were worth $21,984,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. FPC Investment Advisory Inc. acquired a new position in International Business Machines during the 1st quarter valued at $26,000. ESL Trust Services LLC bought a new position in shares of International Business Machines during the 1st quarter worth about $28,000. Creekmur Asset Management LLC acquired a new position in shares of International Business Machines during the fourth quarter valued at about $29,000. Ables Iannone Moore & Associates Inc. bought a new stake in shares of International Business Machines in the fourth quarter valued at about $31,000. Finally, Financial Synergies Wealth Advisors Inc. grew its position in International Business Machines by 164.0% during the first quarter. Financial Synergies Wealth Advisors Inc. now owns 198 shares of the technology company’s stock worth $38,000 after buying an additional 123 shares in the last quarter. Institutional investors and hedge funds own 58.96% of the company’s stock.

Wall Street Analysts Forecast Growth

IBM has been the subject of several recent research reports. Royal Bank of Canada upped their price target on International Business Machines from $200.00 to $211.00 and gave the company an “outperform” rating in a report on Thursday, July 25th. BMO Capital Markets raised their target price on International Business Machines from $190.00 to $210.00 and gave the stock a “market perform” rating in a research report on Thursday, July 25th. Hsbc Global Res raised shares of International Business Machines to a “moderate sell” rating in a report on Friday, July 26th. StockNews.com raised shares of International Business Machines from a “hold” rating to a “buy” rating in a report on Wednesday, June 19th. Finally, The Goldman Sachs Group began coverage on shares of International Business Machines in a research note on Monday, June 24th. They issued a “buy” rating and a $200.00 target price on the stock. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, International Business Machines currently has an average rating of “Hold” and a consensus price target of $188.60.

International Business Machines Trading Up 1.7 %

IBM opened at $217.63 on Friday. International Business Machines Co. has a 1-year low of $135.87 and a 1-year high of $218.84. The firm has a 50-day moving average price of $196.52 and a two-hundred day moving average price of $184.38. The stock has a market capitalization of $199.92 billion, a PE ratio of 24.65, a PEG ratio of 4.67 and a beta of 0.70. The company has a current ratio of 1.12, a quick ratio of 1.08 and a debt-to-equity ratio of 2.20.

International Business Machines (NYSE:IBM) last posted its quarterly earnings data on Wednesday, July 24th. The technology company reported $2.43 earnings per share for the quarter, topping the consensus estimate of $2.16 by $0.27. International Business Machines had a net margin of 13.52% and a return on equity of 40.59%. The firm had revenue of $15.77 billion during the quarter, compared to analysts’ expectations of $15.62 billion. International Business Machines’s revenue was up 1.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.18 EPS. As a group, equities analysts anticipate that International Business Machines Co. will post 10.1 earnings per share for the current fiscal year.

International Business Machines Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Friday, August 9th were issued a $1.67 dividend. This represents a $6.68 annualized dividend and a yield of 3.07%. The ex-dividend date was Friday, August 9th. International Business Machines’s dividend payout ratio is 75.65%.

International Business Machines Company Profile

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.