VIRGINIA RETIREMENT SYSTEMS ET Al Makes New $133.77 Million Investment in International Business Machines Corporation $IBM

Key Points

• The Virginia Retirement Systems made a significant new investment in International Business Machines Corporation (IBM), acquiring 453,800 shares valued at approximately $133.77 million, making it IBM's 12th biggest holding.
• Institutional investors and hedge funds currently own 58.96% of IBM's stock, indicating strong interest and investment from major financial institutions.
• Analysts have mixed ratings on IBM, with one Strong Buy, several Buy and Hold ratings, and a Sell rating, along with an average price target of $286.38.

VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in International Business Machines Corporation (NYSE:IBM - Free Report) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 453,800 shares of the technology company's stock, valued at approximately $133,771,000. International Business Machines accounts for 0.9% of VIRGINIA RETIREMENT SYSTEMS ET Al's investment portfolio, making the stock its 12th biggest holding.

Several other large investors have also added to or reduced their stakes in the business. Vanguard Group Inc. lifted its position in shares of International Business Machines by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 93,137,767 shares of the technology company's stock valued at $23,159,637,000 after acquiring an additional 1,298,515 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised 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 purchasing an additional 524,633 shares during the period. Ameriprise Financial Inc. boosted its position in shares of International Business Machines by 1.0% during the 1st quarter. Ameriprise Financial Inc. now owns 5,516,240 shares of the technology company's stock worth $1,371,812,000 after purchasing an additional 52,317 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in shares of International Business Machines by 20.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 5,157,846 shares of the technology company's stock worth $1,282,550,000 after purchasing an additional 889,008 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of International Business Machines by 0.5% in the 1st 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 period. Institutional investors and hedge funds own 58.96% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. Wall Street Zen downgraded International Business Machines from a "buy" rating to a "hold" rating in a research note on Saturday. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of International Business Machines in a research report on Wednesday, October 8th. UBS Group lifted their price target on shares of International Business Machines from $195.00 to $200.00 and gave the company a "sell" rating in a research report on Thursday, July 24th. The Goldman Sachs Group upped their price objective on shares of International Business Machines from $270.00 to $310.00 and gave the stock a "buy" rating in a report on Wednesday, July 2nd. Finally, Bank of America dropped their price objective on shares of International Business Machines from $320.00 to $310.00 and set a "buy" rating on the stock in a research note on Thursday, July 24th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $286.38.

International Business Machines Trading Up 1.8%

Shares of International Business Machines stock opened at $280.95 on Friday. The company has a market capitalization of $261.12 billion, a P/E ratio of 45.61, a price-to-earnings-growth ratio of 4.33 and a beta of 0.73. The stock has a fifty day simple moving average of $261.07 and a 200 day simple moving average of $261.73. International Business Machines Corporation has a 12-month low of $203.51 and a 12-month high of $301.04. The company has a current ratio of 0.91, a quick ratio of 0.87 and a debt-to-equity ratio of 2.00.

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

International Business Machines Announces Dividend

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

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.

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