Public Employees Retirement System of Ohio Sells 1,331 Shares of International Business Machines Corporation (IBM)

Public Employees Retirement System of Ohio lowered its holdings in International Business Machines Corporation (NYSE:IBM) by 0.2% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 596,979 shares of the technology company’s stock after selling 1,331 shares during the period. Public Employees Retirement System of Ohio owned about 0.06% of International Business Machines worth $91,833,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of IBM. Herndon Capital Management LLC increased its stake in shares of International Business Machines by 39.0% in the second quarter. Herndon Capital Management LLC now owns 695 shares of the technology company’s stock valued at $107,000 after purchasing an additional 195 shares during the period. Edge Wealth Management LLC increased its stake in shares of International Business Machines by 5.6% in the second quarter. Edge Wealth Management LLC now owns 760 shares of the technology company’s stock valued at $117,000 after purchasing an additional 40 shares during the period. ETF Managers Group LLC acquired a new stake in shares of International Business Machines in the second quarter valued at approximately $121,000. Peddock Capital Advisors LLC increased its stake in shares of International Business Machines by 7.3% in the second quarter. Peddock Capital Advisors LLC now owns 912 shares of the technology company’s stock valued at $140,000 after purchasing an additional 62 shares during the period. Finally, Horan Securities Inc. increased its stake in shares of International Business Machines by 845.5% in the second quarter. Horan Securities Inc. now owns 936 shares of the technology company’s stock valued at $144,000 after purchasing an additional 837 shares during the period. 57.26% of the stock is currently owned by hedge funds and other institutional investors.

International Business Machines Corporation (NYSE IBM) traded up $1.33 during trading on Wednesday, reaching $156.74. 6,321,800 shares of the company were exchanged, compared to its average volume of 4,262,980. International Business Machines Corporation has a 1 year low of $139.13 and a 1 year high of $182.79. The company has a quick ratio of 1.36, a current ratio of 1.41 and a debt-to-equity ratio of 2.09. The firm has a market cap of $143,877.25, a price-to-earnings ratio of 11.38, a price-to-earnings-growth ratio of 2.28 and a beta of 0.94.

International Business Machines (NYSE:IBM) last posted its quarterly earnings data on Tuesday, October 17th. The technology company reported $3.30 EPS for the quarter, topping analysts’ consensus estimates of $3.28 by $0.02. International Business Machines had a net margin of 14.43% and a return on equity of 68.68%. The firm had revenue of $19.15 billion during the quarter, compared to analyst estimates of $18.63 billion. During the same quarter last year, the business posted $3.29 EPS. The company’s revenue was down .4% on a year-over-year basis. equities analysts expect that International Business Machines Corporation will post 13.8 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Saturday, December 9th. Investors of record on Friday, November 10th were paid a $1.50 dividend. This represents a $6.00 dividend on an annualized basis and a yield of 3.83%. The ex-dividend date of this dividend was Thursday, November 9th. International Business Machines’s dividend payout ratio is 50.13%.

A number of research analysts recently commented on IBM shares. Cantor Fitzgerald reiterated a “hold” rating and set a $154.00 price objective on shares of International Business Machines in a research note on Friday, October 13th. Stifel Nicolaus reiterated a “buy” rating and set a $182.00 price objective on shares of International Business Machines in a research note on Friday, October 6th. Royal Bank of Canada reiterated a “hold” rating and set a $160.00 price objective on shares of International Business Machines in a research note on Wednesday, November 15th. BidaskClub upgraded shares of International Business Machines from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 26th. Finally, Goldman Sachs Group set a $170.00 price objective on shares of International Business Machines and gave the company a “neutral” rating in a research note on Wednesday, October 18th. Eight research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and eleven have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $159.24.

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International Business Machines Company Profile

International Business Machines Corporation (IBM) is a technology company. The Company operates through five segments: Cognitive Solutions, Global Business Services (GBS), Technology Services & Cloud Platforms, Systems and Global Financing. The Cognitive Solutions segment delivers a spectrum of capabilities, from descriptive, predictive and prescriptive analytics to cognitive systems.

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Institutional Ownership by Quarter for International Business Machines (NYSE:IBM)

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