Public Employees Retirement System of Ohio Sells 18,604 Shares of International Business Machines Co. (NYSE:IBM)

Public Employees Retirement System of Ohio decreased its position in International Business Machines Co. (NYSE:IBM - Free Report) by 4.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 406,122 shares of the technology company's stock after selling 18,604 shares during the quarter. Public Employees Retirement System of Ohio's holdings in International Business Machines were worth $89,278,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in IBM. Tallon Kerry Patrick bought a new stake in shares of International Business Machines in the 4th quarter worth about $902,000. Kelleher Financial Advisors grew its holdings in shares of International Business Machines by 10.1% in the 4th quarter. Kelleher Financial Advisors now owns 1,401 shares of the technology company's stock worth $308,000 after purchasing an additional 128 shares during the last quarter. Independent Wealth Network Inc. grew its holdings in shares of International Business Machines by 22.3% in the 4th quarter. Independent Wealth Network Inc. now owns 1,337 shares of the technology company's stock worth $294,000 after purchasing an additional 244 shares during the last quarter. Traynor Capital Management Inc. bought a new stake in shares of International Business Machines in the 4th quarter worth about $290,000. Finally, Olistico Wealth LLC grew its holdings in International Business Machines by 13.7% during the 4th quarter. Olistico Wealth LLC now owns 3,740 shares of the technology company's stock worth $822,000 after acquiring an additional 450 shares during the last quarter. Institutional investors own 58.96% of the company's stock.

International Business Machines Stock Performance

International Business Machines stock opened at $258.20 on Friday. 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 Co. has a 1 year low of $163.53 and a 1 year high of $269.28. The company has a market cap of $239.97 billion, a PE ratio of 40.28, a PEG ratio of 5.81 and a beta of 0.64. The company's 50-day moving average is $244.89 and its two-hundred day moving average is $237.84.

International Business Machines (NYSE:IBM - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The technology company reported $1.60 earnings per share for the quarter, beating analysts' consensus estimates of $1.42 by $0.18. The business had revenue of $14.54 billion for the quarter, compared to the consensus estimate of $14.41 billion. International Business Machines had a net margin of 9.60% and a return on equity of 38.99%. International Business Machines's revenue for the quarter was up .5% on a year-over-year basis. During the same period last year, the company posted $1.68 EPS. Equities analysts anticipate that International Business Machines Co. will post 10.78 earnings per share for the current year.

International Business Machines Increases Dividend

The company 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 $1.68 dividend. This represents a $6.72 dividend on an annualized basis and a dividend yield of 2.60%. This is an increase from International Business Machines's previous quarterly dividend of $1.67. International Business Machines's dividend payout ratio (DPR) is currently 115.66%.

Analysts Set New Price Targets

IBM has been the topic of a number of research analyst reports. Bank of America increased their price objective on shares of International Business Machines from $260.00 to $270.00 and gave the stock a "buy" rating in a report on Thursday, January 30th. Wall Street Zen lowered shares of International Business Machines from a "buy" rating to a "hold" rating in a report on Wednesday. Citigroup reissued an "outperform" rating on shares of International Business Machines in a report on Saturday, May 10th. Wedbush reissued an "outperform" rating and set a $300.00 price objective on shares of International Business Machines in a report on Wednesday, May 7th. Finally, JPMorgan Chase & Co. increased their price objective on shares of International Business Machines from $233.00 to $244.00 and gave the stock a "neutral" rating in a report on Thursday, January 30th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, International Business Machines has an average rating of "Hold" and an average price target of $249.06.

Insider Activity at International Business Machines

In other International Business Machines news, SVP Robert David Thomas sold 26,543 shares of the firm's stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $253.01, for a total transaction of $6,715,644.43. Following the sale, the senior vice president now directly owns 45,007 shares in the company, valued at approximately $11,387,221.07. This trade represents a 37.10% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. 0.18% of the stock is currently owned by corporate 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.

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