International Business Machines Corporation $IBM Shares Purchased by New York State Teachers Retirement System

Key Points

• The New York State Teachers Retirement System has increased its holdings in IBM by 0.2%, owning 742,805 shares valued at approximately $218.96 million.
• IBM reported a quarterly earnings per share of $2.80, exceeding the consensus estimate of $2.65, with revenues of $16.98 billion, up 7.7% year-over-year.
• The company recently declared a quarterly dividend of $1.68 per share, which represents a 2.4% dividend yield based on an annualized payout of $6.72.

New York State Teachers Retirement System lifted its holdings in International Business Machines Corporation (NYSE:IBM - Free Report) by 0.2% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 742,805 shares of the technology company's stock after purchasing an additional 1,759 shares during the quarter. New York State Teachers Retirement System owned about 0.08% of International Business Machines worth $218,964,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in IBM. Vanguard Group Inc. grew its holdings in shares of International Business Machines by 1.4% during the first quarter. Vanguard Group Inc. now owns 93,137,767 shares of the technology company's stock valued at $23,159,637,000 after buying an additional 1,298,515 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of International Business Machines by 6.5% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 8,636,725 shares of the technology company's stock valued at $2,147,608,000 after buying an additional 524,633 shares during the last quarter. Ameriprise Financial Inc. grew its holdings in shares of International Business Machines by 1.0% during the first quarter. Ameriprise Financial Inc. now owns 5,516,240 shares of the technology company's stock valued at $1,371,812,000 after buying an additional 52,317 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of International Business Machines by 20.8% during the first quarter. Goldman Sachs Group Inc. now owns 5,157,846 shares of the technology company's stock valued at $1,282,550,000 after buying an additional 889,008 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of International Business Machines by 0.5% during the first quarter. Dimensional Fund Advisors LP now owns 5,108,455 shares of the technology company's stock valued at $1,270,022,000 after buying an additional 24,790 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 IBM opened at $280.97 on Thursday. The business's 50-day moving average is $259.77 and its two-hundred day moving average is $261.25. The company has a market capitalization of $261.13 billion, a P/E ratio of 45.61, a P/E/G ratio of 4.25 and a beta of 0.73. The company has a debt-to-equity ratio of 2.00, a quick ratio of 0.87 and a current ratio of 0.91. International Business Machines Corporation has a fifty-two week low of $203.51 and a fifty-two week high of $301.04.

International Business Machines (NYSE:IBM - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The technology company reported $2.80 earnings per share for the quarter, topping the consensus estimate of $2.65 by $0.15. International Business Machines had a return on equity of 37.62% and a net margin of 9.11%.The company had revenue of $16.98 billion for the quarter, compared to the consensus estimate of $16.58 billion. During the same period last year, the firm earned $2.43 EPS. The firm's revenue for the quarter was up 7.7% compared to the same quarter last year. International Business Machines has set its FY 2025 guidance at EPS. Research analysts predict that International Business Machines Corporation will post 10.78 earnings per share for the current year.

International Business Machines Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 8th were given a dividend of $1.68 per share. The ex-dividend date was Friday, August 8th. This represents a $6.72 dividend on an annualized basis and a dividend yield of 2.4%. International Business Machines's dividend payout ratio (DPR) is 109.09%.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on IBM. Stifel Nicolaus boosted their price objective on shares of International Business Machines from $290.00 to $310.00 and gave the company a "buy" rating in a report on Wednesday, July 16th. The Goldman Sachs Group boosted their price objective on shares of International Business Machines from $270.00 to $310.00 and gave the company a "buy" rating in a report on Wednesday, July 2nd. Weiss Ratings reissued a "hold (c+)" rating on shares of International Business Machines in a report on Wednesday, October 8th. Sanford C. Bernstein assumed coverage on shares of International Business Machines in a report on Monday, September 15th. They issued a "market perform" rating and a $280.00 price target on the stock. Finally, Wedbush increased their price target on International Business Machines from $300.00 to $325.00 and gave the stock an "outperform" rating in a research report on Friday, June 20th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $286.38.

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.

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