Public Employees Retirement Association of Colorado Decreases Stake in International Business Machines Co. (NYSE:IBM)

Public Employees Retirement Association of Colorado lessened its stake in International Business Machines Co. (NYSE:IBM - Free Report) by 2.6% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 123,939 shares of the technology company's stock after selling 3,252 shares during the period. Public Employees Retirement Association of Colorado's holdings in International Business Machines were worth $27,246,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. JBR Co Financial Management Inc raised its stake in shares of International Business Machines by 0.6% in the fourth quarter. JBR Co Financial Management Inc now owns 6,390 shares of the technology company's stock valued at $1,405,000 after acquiring an additional 40 shares in the last quarter. Wealth Dimensions Group Ltd. grew its holdings in International Business Machines by 1.0% during the 4th quarter. Wealth Dimensions Group Ltd. now owns 3,972 shares of the technology company's stock worth $873,000 after acquiring an additional 40 shares in the last quarter. Schechter Investment Advisors LLC increased its position in shares of International Business Machines by 0.7% in the 4th quarter. Schechter Investment Advisors LLC now owns 6,351 shares of the technology company's stock valued at $1,396,000 after purchasing an additional 43 shares during the last quarter. Titleist Asset Management LLC raised its holdings in shares of International Business Machines by 3.1% in the 4th quarter. Titleist Asset Management LLC now owns 1,431 shares of the technology company's stock valued at $315,000 after purchasing an additional 43 shares in the last quarter. Finally, Callan Capital LLC lifted its position in shares of International Business Machines by 2.4% during the 4th quarter. Callan Capital LLC now owns 1,870 shares of the technology company's stock worth $411,000 after purchasing an additional 44 shares during the last quarter. Institutional investors and hedge funds own 58.96% of the company's stock.

International Business Machines Trading Up 1.3 %

Shares of International Business Machines stock traded up $3.14 during trading hours on Tuesday, reaching $239.30. 3,424,555 shares of the company's stock were exchanged, compared to its average volume of 4,209,975. International Business Machines Co. has a 52-week low of $162.62 and a 52-week high of $266.45. The firm has a market capitalization of $221.89 billion, a price-to-earnings ratio of 37.33, a price-to-earnings-growth ratio of 5.81 and a beta of 0.67. The company has a fifty day moving average of $244.78 and a 200-day moving average of $233.94. 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 issued its earnings results on Wednesday, April 23rd. The technology company reported $1.60 earnings per share for the quarter, topping the consensus estimate of $1.42 by $0.18. The business had revenue of $14.54 billion for the quarter, compared to analyst estimates of $14.41 billion. International Business Machines had a return on equity of 38.99% and a net margin of 9.60%. The business's quarterly revenue was up .5% on a year-over-year basis. During the same period last year, the company posted $1.68 EPS. Sell-side analysts forecast that International Business Machines Co. will post 10.78 EPS for the current fiscal year.

International Business Machines Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Friday, May 9th will be given a dividend of $1.68 per share. This represents a $6.72 dividend on an annualized basis and a yield of 2.81%. This is a boost from International Business Machines's previous quarterly dividend of $1.67. International Business Machines's dividend payout ratio is 114.97%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on IBM shares. BMO Capital Markets restated a "market perform" rating on shares of International Business Machines in a research note on Wednesday, April 23rd. UBS Group restated a "sell" rating and set a $170.00 target price (up previously from $160.00) on shares of International Business Machines in a research note on Wednesday, April 23rd. Sanford C. Bernstein upped their target price on shares of International Business Machines from $210.00 to $215.00 and gave the company a "market perform" rating in a report on Friday, January 3rd. Oppenheimer started coverage on International Business Machines in a report on Tuesday, February 11th. They issued an "outperform" rating and a $320.00 target price for the company. Finally, Erste Group Bank upgraded International Business Machines from a "hold" rating to a "strong-buy" rating in a research note on Monday, March 17th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $242.41.

Insider Activity at International Business Machines

In other International Business Machines news, SVP Robert David Thomas sold 26,543 shares of the company's stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $253.01, for a total value of $6,715,644.43. Following the completion of the transaction, the senior vice president now directly owns 45,007 shares of the company's stock, valued at $11,387,221.07. This represents a 37.10 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.18% of the stock is owned by insiders.

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.