International Business Machines Corporation $IBM Stock Acquired by PBU The Pension Fund of Early Childhood & Youth Educators

PBU The Pension Fund of Early Childhood & Youth Educators raised its holdings in International Business Machines Corporation (NYSE:IBM) by 21.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 110,281 shares of the technology company’s stock after purchasing an additional 19,181 shares during the quarter. PBU The Pension Fund of Early Childhood & Youth Educators’ holdings in International Business Machines were worth $24,254,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the business. Van Strum & Towne Inc. raised its position in International Business Machines by 3.3% in the third quarter. Van Strum & Towne Inc. now owns 31,588 shares of the technology company’s stock worth $6,947,000 after acquiring an additional 1,001 shares during the period. Endeavor Private Wealth Inc. grew its position in shares of International Business Machines by 11.7% during the 3rd quarter. Endeavor Private Wealth Inc. now owns 3,313 shares of the technology company’s stock valued at $729,000 after acquiring an additional 346 shares during the period. King Luther Capital Management Corp grew its position in shares of International Business Machines by 727.9% during the 3rd quarter. King Luther Capital Management Corp now owns 373,561 shares of the technology company’s stock valued at $82,157,000 after acquiring an additional 328,441 shares during the period. Alpha Wealth Funds LLC purchased a new stake in shares of International Business Machines during the 3rd quarter worth approximately $4,888,000. Finally, Maryland State Retirement & Pension System increased its stake in shares of International Business Machines by 13.7% during the 3rd quarter. Maryland State Retirement & Pension System now owns 57,729 shares of the technology company’s stock worth $12,696,000 after purchasing an additional 6,969 shares during the last quarter. 58.96% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

IBM has been the topic of a number of research reports. Evercore reaffirmed an “outperform” rating on shares of International Business Machines in a report on Friday, November 6th. Wall Street Zen raised International Business Machines from a “sell” rating to a “hold” rating in a report on Saturday, October 24th. Argus decreased their target price on International Business Machines from $360.00 to $280.00 and set a “buy” rating for the company in a research report on Thursday, July 16th. Sanford C. Bernstein decreased their target price on International Business Machines from $280.00 to $230.00 and set a “market perform” rating for the company in a research report on Thursday, July 23rd. Finally, Craig Hallum initiated coverage on International Business Machines in a research note on Wednesday, August 19th. They issued a “buy” rating on the stock. Nineteen investment analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, International Business Machines currently has an average rating of “Moderate Buy” and an average target price of $266.88.

Insiders Place Their Bets

In other International Business Machines news, SVP Robert Thomas sold 25,000 shares of the business’s stock in a transaction on Wednesday, August 26th. The shares were sold at an average price of $230.32, for a total transaction of $5,758,000.00. Following the sale, the senior vice president owned 47,800 shares of the company’s stock, valued at $11,009,296. The trade was a 34.34% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.27% of the company’s stock.

International Business Machines Price Performance

Shares of NYSE:IBM opened at $244.91 on Friday. The company has a quick ratio of 0.80, a current ratio of 0.85 and a debt-to-equity ratio of 1.57. The firm has a market capitalization of $231.47 billion, a PE ratio of 20.88, a P/E/G ratio of 2.44 and a beta of 0.78. International Business Machines Corporation has a twelve month low of $199.19 and a twelve month high of $332.46. The company has a 50-day moving average price of $237.80 and a two-hundred day moving average price of $247.66.

International Business Machines (NYSE:IBM) last posted its quarterly earnings results on Wednesday, October 21st. The technology company reported $2.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.85 by $0.10. The company had revenue of $17.10 billion for the quarter, compared to analyst estimates of $16.82 billion. International Business Machines had a net margin of 15.99% and a return on equity of 34.37%. The company’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.65 earnings per share. Equities analysts forecast that International Business Machines Corporation will post 12.42 EPS for the current year.

International Business Machines Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 10th. Investors of record on Tuesday, November 10th will be paid a $1.69 dividend. This represents a $6.76 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date is Tuesday, November 10th. International Business Machines’s payout ratio is currently 57.63%.

Key International Business Machines News

Here’s some of the latest news about IBM:

• Positive Sentiment: Partner LTM made its AI-powered quantum error-mitigation capability available through IBM’s Quantum Functions Catalog, expanding the platform’s tools and partner ecosystem. LTM quantum error mitigation announcement
• Neutral Sentiment: IBM’s new digital-sovereignty index found widespread difficulty among enterprises in proving control over data and AI systems. This may highlight demand for IBM’s consulting and technology solutions, but also underscores customer risks as AI adoption and regulation grow. IBM Digital Sovereignty Index
• Negative Sentiment: IBM plans to end H-1B and green-card sponsorship for many roles in its U.S. consulting unit, reportedly its largest business. The move may reduce immigration-related costs or reflect policy constraints, but could make it harder to retain and recruit specialized workers and create disruption for affected teams. IBM to end immigration sponsorship for roles in biggest unit

International Business Machines Profile

International Business Machines Corporation (IBM) is a global technology company that provides software, consulting, infrastructure and related services to businesses and public-sector organizations. Its offerings include hybrid cloud and artificial intelligence solutions, enterprise software, IT consulting, and systems such as IBM Z mainframes and Power servers. IBM also develops technologies in areas including data management, automation, cybersecurity and quantum computing. Its consulting teams help clients design, build and manage technology systems and business processes.