International Business Machines Corp. (NYSE:IBM) Shares Bought by Oregon Public Employees Retirement Fund

Oregon Public Employees Retirement Fund lifted its holdings in International Business Machines Corp. (NYSE:IBM) by 1.0% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 242,218 shares of the technology company’s stock after purchasing an additional 2,339 shares during the period. Oregon Public Employees Retirement Fund’s holdings in International Business Machines were worth $35,141,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. CKW Financial Group grew its holdings in International Business Machines by 0.3% during the 2nd quarter. CKW Financial Group now owns 941 shares of the technology company’s stock valued at $146,000 after buying an additional 3 shares in the last quarter. Milestone Group Inc. grew its holdings in International Business Machines by 0.4% during the 2nd quarter. Milestone Group Inc. now owns 2,244 shares of the technology company’s stock valued at $345,000 after buying an additional 8 shares in the last quarter. Hugh Johnson Advisors LLC grew its holdings in International Business Machines by 0.9% during the 2nd quarter. Hugh Johnson Advisors LLC now owns 1,403 shares of the technology company’s stock valued at $216,000 after buying an additional 12 shares in the last quarter. Anchor Capital Advisors LLC grew its holdings in International Business Machines by 0.9% during the 2nd quarter. Anchor Capital Advisors LLC now owns 1,555 shares of the technology company’s stock valued at $239,000 after buying an additional 14 shares in the last quarter. Finally, Rench Wealth Management Inc. grew its holdings in International Business Machines by 1.0% during the 2nd quarter. Rench Wealth Management Inc. now owns 1,486 shares of the technology company’s stock valued at $229,000 after buying an additional 14 shares in the last quarter. Hedge funds and other institutional investors own 57.36% of the company’s stock.

In other news, Director Frederick H. Waddell purchased 610 shares of the business’s stock in a transaction dated Wednesday, January 31st. The shares were purchased at an average price of $163.38 per share, for a total transaction of $99,661.80. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.23% of the company’s stock.

International Business Machines Corp. (NYSE IBM) traded down $3.37 during trading hours on Friday, hitting $159.03. The stock had a trading volume of 5,174,779 shares, compared to its average volume of 5,840,000. International Business Machines Corp. has a fifty-two week low of $139.13 and a fifty-two week high of $182.79. The company has a market capitalization of $147,230.00, a P/E ratio of 26.03, a price-to-earnings-growth ratio of 2.37 and a beta of 0.94. The company has a debt-to-equity ratio of 2.25, a quick ratio of 1.29 and a current ratio of 1.33.

International Business Machines (NYSE:IBM) last announced its quarterly earnings results on Thursday, January 18th. The technology company reported $5.18 EPS for the quarter, beating the consensus estimate of $5.17 by $0.01. The firm had revenue of $22.54 billion for the quarter, compared to analyst estimates of $22.03 billion. International Business Machines had a return on equity of 69.48% and a net margin of 7.27%. The business’s revenue for the quarter was up 3.6% on a year-over-year basis. During the same quarter last year, the firm posted $5.01 earnings per share. analysts forecast that International Business Machines Corp. will post 13.82 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Saturday, March 10th. Stockholders of record on Friday, February 9th will be paid a dividend of $1.50 per share. The ex-dividend date of this dividend is Thursday, February 8th. This represents a $6.00 annualized dividend and a dividend yield of 3.77%. International Business Machines’s dividend payout ratio is currently 98.20%.

A number of research firms have recently commented on IBM. Oppenheimer reiterated a “hold” rating on shares of International Business Machines in a research report on Wednesday, October 18th. BMO Capital Markets reiterated a “hold” rating and set a $175.00 target price on shares of International Business Machines in a research report on Thursday, January 11th. They noted that the move was a valuation call. UBS Group reiterated a “neutral” rating and set a $160.00 target price (up from $152.00) on shares of International Business Machines in a research report on Wednesday, October 18th. Cantor Fitzgerald reiterated a “hold” rating and set a $154.00 target price on shares of International Business Machines in a research report on Friday, October 13th. Finally, Wedbush reiterated a “neutral” rating and set a $185.00 target price (up from $155.00) on shares of International Business Machines in a research report on Thursday, January 18th. They noted that the move was a valuation call. Seven equities research analysts have rated the stock with a sell rating, seventeen have given 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 an average target price of $164.37.

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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.

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

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