Teacher Retirement System of Texas Buys 26,701 Shares of International Business Machines Co. (NYSE:IBM)

Teacher Retirement System of Texas lifted its holdings in International Business Machines Co. (NYSE:IBM - Free Report) by 11.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 259,758 shares of the technology company's stock after purchasing an additional 26,701 shares during the period. Teacher Retirement System of Texas' holdings in International Business Machines were worth $42,483,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in IBM. Naples Money Management LLC acquired a new stake in International Business Machines during the fourth quarter worth about $28,000. Briaud Financial Planning Inc acquired a new stake in International Business Machines during the third quarter worth about $31,000. Stone House Investment Management LLC grew its position in International Business Machines by 971.4% during the third quarter. Stone House Investment Management LLC now owns 225 shares of the technology company's stock worth $32,000 after buying an additional 204 shares in the last quarter. Financial Gravity Asset Management Inc. grew its position in International Business Machines by 67.9% during the third quarter. Financial Gravity Asset Management Inc. now owns 225 shares of the technology company's stock worth $32,000 after buying an additional 91 shares in the last quarter. Finally, Cordant Inc. grew its position in International Business Machines by 753.3% during the fourth quarter. Cordant Inc. now owns 256 shares of the technology company's stock worth $42,000 after buying an additional 226 shares in the last quarter. 58.96% of the stock is currently owned by institutional investors.

International Business Machines Trading Up 0.5 %

IBM traded up $0.88 during mid-day trading on Friday, reaching $167.15. The stock had a trading volume of 2,255,370 shares, compared to its average volume of 5,025,428. The stock has a market capitalization of $153.54 billion, a P/E ratio of 18.93, a P/E/G ratio of 4.11 and a beta of 0.74. The company has a debt-to-equity ratio of 2.32, a quick ratio of 1.09 and a current ratio of 1.13. The firm's fifty day simple moving average is $184.01 and its two-hundred day simple moving average is $172.28. International Business Machines Co. has a 52 week low of $120.55 and a 52 week high of $199.18.

International Business Machines (NYSE:IBM - Get Free Report) last announced its quarterly earnings data on Tuesday, April 30th. The technology company reported $1.68 EPS for the quarter, beating analysts' consensus estimates of $1.59 by $0.09. The firm had revenue of $14.46 billion for the quarter, compared to analyst estimates of $14.53 billion. International Business Machines had a return on equity of 40.21% and a net margin of 13.18%. The business's quarterly revenue was up 1.5% compared to the same quarter last year. During the same period last year, the company earned $1.36 EPS. On average, equities analysts predict that International Business Machines Co. will post 9.92 EPS for the current year.

International Business Machines Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Friday, May 10th will be given a $1.67 dividend. This represents a $6.68 dividend on an annualized basis and a yield of 4.00%. This is a positive change from International Business Machines's previous quarterly dividend of $1.66. The ex-dividend date is Thursday, May 9th. International Business Machines's dividend payout ratio (DPR) is presently 75.65%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on IBM. Stifel Nicolaus reiterated a "buy" rating and issued a $190.00 price objective on shares of International Business Machines in a research note on Wednesday, April 17th. Sanford C. Bernstein increased their price objective on International Business Machines from $165.00 to $186.00 and gave the stock a "market perform" rating in a research note on Thursday, March 7th. BNP Paribas began coverage on shares of International Business Machines in a research note on Thursday, May 2nd. They issued an "underperform" rating and a $145.00 target price on the stock. Evercore upgraded shares of International Business Machines from an "in-line" rating to an "outperform" rating and increased their target price for the stock from $165.00 to $200.00 in a research report on Friday, January 19th. Finally, Morgan Stanley cut their price target on shares of International Business Machines from $186.00 to $179.00 and set an "equal weight" rating for the company in a report on Friday, April 26th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, International Business Machines presently has an average rating of "Hold" and an average target price of $181.29.

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.