Illinois Municipal Retirement Fund Has $19.89 Million Holdings in International Business Machines Co. (NYSE:IBM)

Illinois Municipal Retirement Fund lowered its stake in shares of International Business Machines Co. (NYSE:IBM - Free Report) by 4.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 90,484 shares of the technology company's stock after selling 4,243 shares during the period. Illinois Municipal Retirement Fund's holdings in International Business Machines were worth $19,891,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of IBM. Compass Financial Services Inc acquired a new stake in shares of International Business Machines in the 4th quarter valued at $26,000. Hazlett Burt & Watson Inc. lifted its stake in shares of International Business Machines by 1,054.5% in the 3rd quarter. Hazlett Burt & Watson Inc. now owns 127 shares of the technology company's stock valued at $29,000 after purchasing an additional 116 shares during the last quarter. Hara Capital LLC acquired a new stake in shares of International Business Machines in the 3rd quarter valued at $29,000. Avondale Wealth Management lifted its stake in shares of International Business Machines by 56.0% in the 4th quarter. Avondale Wealth Management now owns 156 shares of the technology company's stock valued at $34,000 after purchasing an additional 56 shares during the last quarter. Finally, Valued Wealth Advisors LLC lifted its stake in shares of International Business Machines by 134.3% in the 4th quarter. Valued Wealth Advisors LLC now owns 157 shares of the technology company's stock valued at $35,000 after purchasing an additional 90 shares during the last quarter. Institutional investors and hedge funds own 58.96% of the company's stock.

International Business Machines Stock Performance

IBM stock traded down $4.75 during mid-day trading on Tuesday, hitting $257.12. 6,292,116 shares of the company were exchanged, compared to its average volume of 4,769,297. International Business Machines Co. has a 1-year low of $162.62 and a 1-year high of $265.72. The business has a 50 day simple moving average of $236.49 and a 200-day simple moving average of $223.25. The stock has a market capitalization of $237.74 billion, a PE ratio of 40.11, a price-to-earnings-growth ratio of 5.81 and a beta of 0.76. The company has a current ratio of 1.04, a quick ratio of 1.00 and a debt-to-equity ratio of 1.82.

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

International Business Machines Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Monday, February 10th will be given a $1.67 dividend. The ex-dividend date is Monday, February 10th. This represents a $6.68 dividend on an annualized basis and a yield of 2.60%. International Business Machines's dividend payout ratio is currently 104.21%.

Wall Street Analyst Weigh In

IBM has been the subject of a number of research analyst reports. Royal Bank of Canada reissued an "outperform" rating and set a $250.00 target price on shares of International Business Machines in a research report on Monday, January 27th. Wedbush initiated coverage on International Business Machines in a research note on Monday, February 3rd. They issued an "outperform" rating on the stock. BMO Capital Markets lifted their price objective on International Business Machines from $260.00 to $280.00 and gave the stock a "market perform" rating in a research note on Thursday, January 30th. UBS Group lifted their price objective on International Business Machines from $150.00 to $160.00 and gave the stock a "sell" rating in a research note on Tuesday, January 14th. Finally, The Goldman Sachs Group reiterated a "buy" rating on shares of International Business Machines in a research note on Wednesday, February 5th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $231.44.

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.