International Business Machines Co. (NYSE:IBM) Holdings Lowered by California Public Employees Retirement System

California Public Employees Retirement System reduced its position in International Business Machines Co. (NYSE:IBM - Free Report) by 9.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,615,557 shares of the technology company's stock after selling 492,359 shares during the quarter. International Business Machines accounts for approximately 0.7% of California Public Employees Retirement System's holdings, making the stock its 22nd biggest holding. California Public Employees Retirement System owned approximately 0.50% of International Business Machines worth $1,014,638,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. Compass Financial Services Inc acquired a new position in shares of International Business Machines during the fourth quarter valued at about $26,000. Vision Financial Markets LLC purchased a new stake in shares of International Business Machines in the fourth quarter valued at about $31,000. Avondale Wealth Management increased its position in shares of International Business Machines by 56.0% during the 4th quarter. Avondale Wealth Management now owns 156 shares of the technology company's stock worth $34,000 after purchasing an additional 56 shares during the last quarter. Valued Wealth Advisors LLC boosted its holdings in International Business Machines by 134.3% during the 4th quarter. Valued Wealth Advisors LLC now owns 157 shares of the technology company's stock valued at $35,000 after acquiring an additional 90 shares during the period. Finally, Rialto Wealth Management LLC acquired a new position in International Business Machines during the 4th quarter worth $35,000. 58.96% of the stock is owned by hedge funds and other institutional investors.

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Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. JPMorgan Chase & Co. lifted their target price on shares of International Business Machines from $233.00 to $244.00 and gave the company a "neutral" rating in a report on Thursday, January 30th. UBS Group boosted their price target on International Business Machines from $150.00 to $160.00 and gave the company a "sell" rating in a report on Tuesday, January 14th. Jefferies Financial Group lowered their price objective on shares of International Business Machines from $270.00 to $265.00 and set a "hold" rating for the company in a research note on Monday. Royal Bank of Canada reissued an "outperform" rating and issued a $250.00 target price on shares of International Business Machines in a research note on Monday, January 27th. Finally, Oppenheimer began coverage on International Business Machines in a research report on Tuesday, February 11th. They set an "outperform" rating and a $320.00 price target on the stock. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $231.13.

Insider Transactions at International Business Machines

In other news, SVP Robert David Thomas sold 26,543 shares of the firm's stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $253.01, for a total transaction of $6,715,644.43. Following the completion of the transaction, the senior vice president now owns 45,007 shares in the company, valued at approximately $11,387,221.07. This trade represents a 37.10 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.18% of the company's stock.

International Business Machines Stock Performance

Shares of NYSE IBM traded up $0.82 during mid-day trading on Wednesday, hitting $251.16. The company had a trading volume of 1,700,028 shares, compared to its average volume of 4,099,631. International Business Machines Co. has a 12 month low of $162.62 and a 12 month high of $266.45. The company has a debt-to-equity ratio of 1.82, a current ratio of 1.04 and a quick ratio of 1.00. The firm's 50 day simple moving average is $250.52 and its two-hundred day simple moving average is $232.13. The stock has a market cap of $232.89 billion, a price-to-earnings ratio of 39.18, a PEG ratio of 5.81 and a beta of 0.74.

International Business Machines (NYSE:IBM - Get Free Report) last released its quarterly earnings results on Wednesday, January 29th. The technology company reported $3.92 earnings per share for the quarter, beating analysts' consensus estimates of $3.77 by $0.15. International Business Machines had a return on equity of 38.99% and a net margin of 9.60%. As a group, equities research analysts forecast that International Business Machines Co. will post 10.78 earnings per share for the current year.

International Business Machines Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Monday, February 10th were given a dividend of $1.67 per share. The ex-dividend date was Monday, February 10th. This represents a $6.68 dividend on an annualized basis and a dividend yield of 2.66%. International Business Machines's dividend payout ratio (DPR) is 104.21%.

International Business Machines 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.