IBM (IBM) Shares Bought by State of Wisconsin Investment Board

State of Wisconsin Investment Board lifted its stake in IBM (NYSE:IBM) by 1.8% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 967,023 shares of the technology company’s stock after buying an additional 16,760 shares during the quarter. State of Wisconsin Investment Board’s holdings in IBM were worth $148,361,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in IBM. ETF Managers Group LLC purchased a new stake in IBM during the second quarter valued at $121,000. Price Wealth Management Inc. purchased a new stake in IBM during the fourth quarter valued at $122,000. Cerebellum GP LLC purchased a new stake in IBM during the fourth quarter valued at $126,000. Horan Capital Advisors LLC. purchased a new stake in IBM during the third quarter valued at $136,000. Finally, Risk Paradigm Group LLC purchased a new stake in IBM during the second quarter valued at $165,000. 57.02% of the stock is currently owned by hedge funds and other institutional investors.

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NYSE IBM opened at $150.57 on Friday. The company has a current ratio of 1.33, a quick ratio of 1.29 and a debt-to-equity ratio of 2.25. The stock has a market capitalization of $141,887.48, a PE ratio of 10.91, a P/E/G ratio of 2.25 and a beta of 0.90. IBM has a 12 month low of $139.13 and a 12 month high of $172.93.

IBM (NYSE:IBM) last posted its quarterly earnings results on Thursday, January 18th. The technology company reported $5.18 EPS for the quarter, topping the Zacks’ consensus estimate of $5.17 by $0.01. The firm had revenue of $22.54 billion for the quarter, compared to analysts’ expectations of $22.03 billion. IBM had a net margin of 7.27% and a return on equity of 69.48%. The business’s revenue for the quarter was up 3.6% on a year-over-year basis. During the same period in the prior year, the business posted $5.01 earnings per share. equities research analysts anticipate that IBM will post 13.82 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Saturday, March 10th. Stockholders of record on Friday, February 9th were issued a $1.50 dividend. This represents a $6.00 dividend on an annualized basis and a dividend yield of 3.98%. The ex-dividend date was Thursday, February 8th. IBM’s payout ratio is presently 43.48%.

In other IBM news, insider Diane J. Gherson sold 5,000 shares of the stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $156.00, for a total transaction of $780,000.00. Following the transaction, the insider now directly owns 20,581 shares in the company, valued at approximately $3,210,636. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Erich Clementi sold 13,000 shares of the stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $154.66, for a total transaction of $2,010,580.00. The disclosure for this sale can be found here. Corporate insiders own 0.17% of the company’s stock.

IBM has been the topic of a number of recent research reports. Zacks Investment Research downgraded shares of IBM from a “hold” rating to a “sell” rating in a research note on Tuesday, December 19th. Societe Generale set a $149.00 price target on shares of IBM and gave the company a “sell” rating in a research note on Friday, January 19th. Vetr downgraded shares of IBM from a “strong-buy” rating to a “buy” rating and set a $173.45 price target on the stock. in a research note on Tuesday, December 12th. Cantor Fitzgerald reaffirmed a “hold” rating and set a $152.00 price target on shares of IBM in a research note on Friday, January 19th. Finally, Morgan Stanley increased their target price on shares of IBM to $198.00 and gave the company an “overweight” rating in a research note on Friday, January 19th. Six 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. The stock has an average rating of “Hold” and a consensus target price of $166.01.

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IBM Company Profile

International Business Machines Corporation operates as an integrated technology and services company worldwide. Its Cognitive Solutions segment offers Watson, a cognitive computing platform that interacts in natural language, processes big data, and learns from interactions with people and computers.

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Institutional Ownership by Quarter for IBM (NYSE:IBM)

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