Public Employees Retirement System of Ohio Purchases 2,991 Shares of International Business Machines Corporation $IBM

Key Points

• The Public Employees Retirement System of Ohio increased its stake in International Business Machines Corporation (IBM) by 0.8%, acquiring an additional 2,991 shares and bringing its total holdings to 398,136 shares valued at approximately $117.36 million.
• IBM declared a quarterly dividend of $1.68 per share, which translates to an annual yield of 2.5%, despite having a high payout ratio of 109.09%.
• In its latest earnings report, IBM surpassed analyst expectations by posting earnings of $2.80 per share on revenues of $16.98 billion, marking a 7.7% increase year-over-year.

Public Employees Retirement System of Ohio raised its position in International Business Machines Corporation (NYSE:IBM - Free Report) by 0.8% during the second quarter, according to its most recent filing with the SEC. The firm owned 398,136 shares of the technology company's stock after purchasing an additional 2,991 shares during the period. Public Employees Retirement System of Ohio's holdings in International Business Machines were worth $117,363,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Christopher J. Hasenberg Inc purchased a new position in International Business Machines during the 1st quarter worth $27,000. SSA Swiss Advisors AG bought a new position in shares of International Business Machines in the first quarter valued at approximately $28,000. Dagco Inc. bought a new stake in International Business Machines during the first quarter worth $31,000. Silicon Valley Capital Partners grew its stake in International Business Machines by 322.6% in the 1st quarter. Silicon Valley Capital Partners now owns 131 shares of the technology company's stock valued at $32,000 after purchasing an additional 100 shares during the period. Finally, Compass Financial Services Inc increased its position in shares of International Business Machines by 41.5% during the 1st quarter. Compass Financial Services Inc now owns 167 shares of the technology company's stock valued at $42,000 after purchasing an additional 49 shares during the last quarter. Institutional investors and hedge funds own 58.96% of the company's stock.

International Business Machines Trading Up 0.4%

IBM opened at $272.34 on Wednesday. International Business Machines Corporation has a one year low of $203.51 and a one year high of $296.16. The stock has a market cap of $253.11 billion, a price-to-earnings ratio of 44.21, a P/E/G ratio of 4.18 and a beta of 0.71. The stock's 50 day moving average price is $254.38 and its 200-day moving average price is $257.48. 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 (NYSE:IBM - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The technology company reported $2.80 earnings per share for the quarter, topping analysts' consensus estimates of $2.65 by $0.15. The firm had revenue of $16.98 billion during the quarter, compared to analysts' expectations of $16.58 billion. International Business Machines had a return on equity of 37.62% and a net margin of 9.11%.The firm's quarterly revenue was up 7.7% on a year-over-year basis. During the same period in the prior year, the business posted $2.43 EPS. International Business Machines has set its FY 2025 guidance at EPS. On average, equities analysts forecast that International Business Machines Corporation will post 10.78 EPS for the current year.

International Business Machines Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 8th were issued a $1.68 dividend. The ex-dividend date of this dividend was Friday, August 8th. This represents a $6.72 dividend on an annualized basis and a yield of 2.5%. International Business Machines's payout ratio is presently 109.09%.

Wall Street Analyst Weigh In

IBM has been the subject of several recent research reports. JPMorgan Chase & Co. boosted their price objective on shares of International Business Machines from $244.00 to $290.00 and gave the company a "neutral" rating in a research report on Thursday, July 24th. BMO Capital Markets raised their price objective on shares of International Business Machines from $260.00 to $300.00 and gave the stock a "market perform" rating in a report on Friday, July 18th. Stifel Nicolaus boosted their target price 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. Melius Research raised International Business Machines to a "strong-buy" rating in a report on Monday, July 7th. Finally, Wedbush increased their target price on International Business Machines from $300.00 to $325.00 and gave the company an "outperform" rating in a research note on Friday, June 20th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, International Business Machines has an average rating of "Hold" and a consensus price target of $275.00.

International Business Machines Company 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.

Want to see what other hedge funds are holding IBM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for International Business Machines Corporation (NYSE:IBM - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.