Louisiana State Employees Retirement System Sells 2,200 Shares of International Business Machines Co. (NYSE:IBM)

Louisiana State Employees Retirement System trimmed its holdings in shares of International Business Machines Co. (NYSE:IBM - Free Report) by 4.2% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 49,700 shares of the technology company's stock after selling 2,200 shares during the quarter. Louisiana State Employees Retirement System's holdings in International Business Machines were worth $10,926,000 as of its most recent filing with the SEC.

A number of other large investors have also bought and sold shares of the business. Ellenbecker Investment Group grew its holdings in International Business Machines by 2.3% during the third quarter. Ellenbecker Investment Group now owns 2,049 shares of the technology company's stock valued at $453,000 after purchasing an additional 46 shares during the period. First Affirmative Financial Network grew its holdings in International Business Machines by 1.5% during the fourth quarter. First Affirmative Financial Network now owns 3,123 shares of the technology company's stock valued at $687,000 after purchasing an additional 46 shares during the period. Goldstein Advisors LLC grew its holdings in International Business Machines by 4.0% during the third quarter. Goldstein Advisors LLC now owns 1,217 shares of the technology company's stock valued at $269,000 after purchasing an additional 47 shares during the period. Vertex Planning Partners LLC grew its holdings in International Business Machines by 3.6% during the third quarter. Vertex Planning Partners LLC now owns 1,346 shares of the technology company's stock valued at $298,000 after purchasing an additional 47 shares during the period. Finally, Forza Wealth Management LLC grew its holdings in International Business Machines by 0.4% during the fourth quarter. Forza Wealth Management LLC now owns 13,153 shares of the technology company's stock valued at $2,891,000 after purchasing an additional 47 shares during the period. 58.96% of the stock is owned by institutional investors.

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Wall Street Analysts Forecast Growth

Several brokerages have weighed in on IBM. UBS Group increased their price objective 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 increased their price objective on International Business Machines from $245.00 to $270.00 and gave the company a "hold" rating in a report on Thursday, January 30th. Bank of America increased their target price on International Business Machines from $260.00 to $270.00 and gave the stock a "buy" rating in a research report on Thursday, January 30th. BMO Capital Markets increased their target price on International Business Machines from $260.00 to $280.00 and gave the stock a "market perform" rating in a research report on Thursday, January 30th. Finally, Morgan Stanley increased their target price on International Business Machines from $217.00 to $228.00 and gave the stock an "equal weight" rating in a research report on Thursday, January 30th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $231.44.

International Business Machines Price Performance

NYSE IBM traded up $1.46 during trading hours on Friday, reaching $260.65. 3,922,262 shares of the stock traded hands, compared to its average volume of 5,199,203. The stock has a 50 day simple moving average of $232.08 and a two-hundred day simple moving average of $219.25. International Business Machines Co. has a 1 year low of $162.62 and a 1 year high of $265.72. 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 company has a market cap of $241.01 billion, a price-to-earnings ratio of 40.66, a price-to-earnings-growth ratio of 5.57 and a beta of 0.76.

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%. On average, analysts predict that International Business Machines Co. will post 10.75 EPS for the current fiscal year.

International Business Machines Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Monday, February 10th will be given a dividend of $1.67 per share. The ex-dividend date is Monday, February 10th. This represents a $6.68 dividend on an annualized basis and a yield of 2.56%. International Business Machines's payout ratio is 104.21%.

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.