New York State Common Retirement Fund Has $259.78 Million Position in International Business Machines Co. (NYSE:IBM)

New York State Common Retirement Fund lowered its stake in shares of International Business Machines Co. (NYSE:IBM - Free Report) by 0.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,181,731 shares of the technology company's stock after selling 1,731 shares during the quarter. New York State Common Retirement Fund owned about 0.13% of International Business Machines worth $259,780,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in IBM. International Assets Investment Management LLC boosted its position in International Business Machines by 20,324.5% during the third quarter. International Assets Investment Management LLC now owns 2,715,636 shares of the technology company's stock worth $600,373,000 after purchasing an additional 2,702,340 shares during the period. Holocene Advisors LP bought a new stake in International Business Machines during the third quarter worth approximately $573,306,000. State Street Corp boosted its position in International Business Machines by 2.2% during the third quarter. State Street Corp now owns 55,671,883 shares of the technology company's stock worth $12,307,940,000 after purchasing an additional 1,200,803 shares during the period. KBC Group NV lifted its holdings in shares of International Business Machines by 90.4% during the fourth quarter. KBC Group NV now owns 1,687,253 shares of the technology company's stock worth $370,909,000 after buying an additional 800,930 shares during the last quarter. Finally, Strategic Financial Concepts LLC lifted its holdings in shares of International Business Machines by 23,311.1% during the fourth quarter. Strategic Financial Concepts LLC now owns 697,182 shares of the technology company's stock worth $153,262,000 after buying an additional 694,204 shares during the last quarter. Institutional investors own 58.96% of the company's stock.

International Business Machines Price Performance

NYSE:IBM traded down $2.97 during trading hours on Friday, reaching $261.77. The company had a trading volume of 5,665,344 shares, compared to its average volume of 4,735,325. The stock has a 50-day moving average of $234.65 and a two-hundred day moving average of $221.26. International Business Machines Co. has a one year low of $162.62 and a one year high of $265.72. The firm has a market capitalization of $242.05 billion, a PE ratio of 40.84, a PEG ratio of 5.80 and a beta of 0.76. The company has a quick ratio of 1.00, a current ratio of 1.04 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 return on equity of 38.99% and a net margin of 9.60%. Analysts forecast that International Business Machines Co. will post 10.77 earnings per share for the current year.

International Business Machines Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Monday, February 10th will be issued a $1.67 dividend. This represents a $6.68 annualized dividend and a yield of 2.55%. The ex-dividend date of this dividend is Monday, February 10th. International Business Machines's dividend payout ratio is 104.21%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on IBM shares. Bank of America upped their price target on International Business Machines from $260.00 to $270.00 and gave the stock a "buy" rating in a report on Thursday, January 30th. Wedbush started coverage on International Business Machines in a report on Monday, February 3rd. They set an "outperform" rating for the company. Royal Bank of Canada reiterated an "outperform" rating and set a $250.00 price target on shares of International Business Machines in a report on Monday, January 27th. Oppenheimer started coverage on International Business Machines in a report on Tuesday, February 11th. They set an "outperform" rating and a $320.00 price target for the company. Finally, JPMorgan Chase & Co. upped their price target on International Business Machines from $233.00 to $244.00 and gave the stock a "neutral" rating in a report on Thursday, January 30th. Two 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. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $231.44.

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.