International Business Machines Co. (NYSE:IBM) Stock Position Decreased by Kentucky Retirement Systems

Kentucky Retirement Systems decreased its position in shares of International Business Machines Co. (NYSE:IBM - Free Report) by 7.3% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 64,172 shares of the technology company's stock after selling 5,051 shares during the period. Kentucky Retirement Systems' holdings in International Business Machines were worth $14,187,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of IBM. ESL Trust Services LLC acquired a new stake in shares of International Business Machines during the first quarter worth $28,000. Hazlett Burt & Watson Inc. boosted its stake in 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 worth $29,000 after buying an additional 116 shares during the last quarter. Hara Capital LLC purchased a new stake in International Business Machines in the 3rd quarter valued at about $29,000. Oliver Lagore Vanvalin Investment Group acquired a new position in shares of International Business Machines during the 2nd quarter valued at about $36,000. Finally, Wolff Wiese Magana LLC lifted its holdings in shares of International Business Machines by 37.0% during the 2nd quarter. Wolff Wiese Magana LLC now owns 222 shares of the technology company's stock worth $38,000 after acquiring an additional 60 shares during the period. Hedge funds and other institutional investors own 58.96% of the company's stock.

Insiders Place Their Bets

In other International Business Machines news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of the stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $215.20, for a total transaction of $774,720.00. Following the transaction, the senior vice president now owns 25,390 shares of the company's stock, valued at $5,463,928. This trade represents a 12.42 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.07% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several brokerages recently commented on IBM. StockNews.com raised shares of International Business Machines from a "hold" rating to a "buy" rating in a research report on Tuesday. Jefferies Financial Group upped their price objective on International Business Machines from $200.00 to $245.00 and gave the stock a "hold" rating in a report on Monday, October 21st. Morgan Stanley reduced their target price on International Business Machines from $217.00 to $208.00 and set an "equal weight" rating on the stock in a report on Thursday, October 24th. Bank of America upped their price target on International Business Machines from $209.00 to $250.00 and gave the stock a "buy" rating in a research note on Wednesday, October 9th. Finally, Stifel Nicolaus raised their price objective on International Business Machines from $205.00 to $246.00 and gave the stock a "buy" rating in a report on Wednesday, October 16th. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $208.12.

International Business Machines Stock Down 1.9 %

NYSE:IBM traded down $4.00 on Friday, reaching $204.99. The stock had a trading volume of 3,986,460 shares, compared to its average volume of 4,237,182. The company has a 50-day moving average of $218.79 and a 200 day moving average of $193.48. The company has a current ratio of 1.06, a quick ratio of 1.01 and a debt-to-equity ratio of 2.16. The stock has a market cap of $189.54 billion, a P/E ratio of 29.84, a price-to-earnings-growth ratio of 4.74 and a beta of 0.71. International Business Machines Co. has a 12-month low of $152.13 and a 12-month high of $237.37.

International Business Machines (NYSE:IBM - Get Free Report) last issued its quarterly earnings results on Wednesday, October 23rd. The technology company reported $2.30 EPS for the quarter, beating analysts' consensus estimates of $2.27 by $0.03. International Business Machines had a return on equity of 40.52% and a net margin of 10.22%. The firm had revenue of $14.97 billion during the quarter, compared to the consensus estimate of $15.08 billion. During the same quarter in the prior year, the business posted $2.20 earnings per share. International Business Machines's revenue for the quarter was up 1.5% on a year-over-year basis. On average, research analysts predict that International Business Machines Co. will post 10.11 earnings per share for the current year.

International Business Machines Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Tuesday, November 12th will be paid a dividend of $1.67 per share. The ex-dividend date is Tuesday, November 12th. This represents a $6.68 dividend on an annualized basis and a yield of 3.26%. International Business Machines's dividend payout ratio (DPR) is 97.23%.

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.