International Business Machines Co. (NYSE:IBM) Shares Sold by Strs Ohio

Strs Ohio lowered its position in shares of International Business Machines Co. (NYSE:IBM) by 46.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 169,196 shares of the technology company’s stock after selling 147,903 shares during the period. Strs Ohio’s holdings in International Business Machines were worth $27,672,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Moneta Group Investment Advisors LLC grew its holdings in shares of International Business Machines by 98,797.1% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 11,029,001 shares of the technology company’s stock worth $1,553,876,000 after buying an additional 11,017,849 shares during the last quarter. Norges Bank purchased a new position in shares of International Business Machines during the fourth quarter worth about $876,014,000. Morgan Stanley grew its holdings in shares of International Business Machines by 22.8% during the fourth quarter. Morgan Stanley now owns 16,592,094 shares of the technology company’s stock worth $2,337,660,000 after buying an additional 3,084,458 shares during the last quarter. International Assets Investment Management LLC grew its holdings in shares of International Business Machines by 15,439.1% during the fourth quarter. International Assets Investment Management LLC now owns 2,653,462 shares of the technology company’s stock worth $433,974,000 after buying an additional 2,636,386 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its holdings in shares of International Business Machines by 35.3% during the first quarter. Arrowstreet Capital Limited Partnership now owns 4,460,023 shares of the technology company’s stock worth $579,892,000 after buying an additional 1,163,790 shares during the last quarter. Institutional investors and hedge funds own 58.96% of the company’s stock.

International Business Machines Price Performance

Shares of NYSE:IBM opened at $181.25 on Tuesday. The business’s 50 day simple moving average is $188.62 and its 200-day simple moving average is $168.13. The firm has a market capitalization of $166.16 billion, a price-to-earnings ratio of 22.29, a price-to-earnings-growth ratio of 3.57 and a beta of 0.70. The company has a debt-to-equity ratio of 2.22, a current ratio of 0.96 and a quick ratio of 0.93. International Business Machines Co. has a 12 month low of $120.55 and a 12 month high of $199.18.

International Business Machines (NYSE:IBM) last announced its quarterly earnings results on Wednesday, January 24th. The technology company reported $3.87 EPS for the quarter, topping the consensus estimate of $3.78 by $0.09. The business had revenue of $17.38 billion for the quarter, compared to analyst estimates of $17.29 billion. International Business Machines had a return on equity of 39.55% and a net margin of 12.13%. The company’s quarterly revenue was up 4.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $3.60 EPS. As a group, equities analysts forecast that International Business Machines Co. will post 10.07 earnings per share for the current fiscal year.

International Business Machines Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Saturday, March 9th. Investors of record on Friday, February 9th were given a dividend of $1.66 per share. The ex-dividend date of this dividend was Thursday, February 8th. This represents a $6.64 annualized dividend and a dividend yield of 3.66%. International Business Machines’s dividend payout ratio is currently 81.67%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Evercore raised International Business Machines from an “in-line” rating to an “outperform” rating and raised their price target for the stock from $165.00 to $200.00 in a report on Friday, January 19th. Bank of America lifted their price objective on International Business Machines from $200.00 to $220.00 and gave the company a “buy” rating in a report on Thursday, March 14th. Sanford C. Bernstein lifted their price objective on International Business Machines from $165.00 to $186.00 and gave the company a “market perform” rating in a report on Thursday, March 7th. Jefferies Financial Group initiated coverage on International Business Machines in a report on Friday, January 5th. They issued a “hold” rating and a $180.00 price objective on the stock. Finally, Stifel Nicolaus lifted their price objective on International Business Machines from $144.00 to $183.00 and gave the company a “buy” rating in a report on Monday, January 22nd. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $178.08.

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.