IBM (IBM) Stake Raised by Arizona State Retirement System

Arizona State Retirement System raised its holdings in IBM (NYSE:IBM) by 1.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 232,203 shares of the technology company’s stock after buying an additional 4,439 shares during the quarter. Arizona State Retirement System’s holdings in IBM were worth $35,625,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of IBM. Private Capital Management Inc. boosted its position in shares of IBM by 71.3% during the third quarter. Private Capital Management Inc. now owns 3,425 shares of the technology company’s stock valued at $497,000 after purchasing an additional 1,425 shares in the last quarter. Caxton Associates LP boosted its position in shares of IBM by 23.5% during the second quarter. Caxton Associates LP now owns 4,200 shares of the technology company’s stock valued at $646,000 after purchasing an additional 800 shares in the last quarter. Intl Fcstone Inc. bought a new stake in shares of IBM during the second quarter valued at approximately $1,116,000. Adviser Investments LLC boosted its position in shares of IBM by 8.2% during the third quarter. Adviser Investments LLC now owns 12,714 shares of the technology company’s stock valued at $1,845,000 after purchasing an additional 965 shares in the last quarter. Finally, Parnassus Investments CA boosted its position in shares of IBM by 1.6% during the third quarter. Parnassus Investments CA now owns 1,637,500 shares of the technology company’s stock valued at $237,569,000 after purchasing an additional 25,500 shares in the last quarter. Hedge funds and other institutional investors own 57.02% of the company’s stock.

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IBM stock opened at $150.57 on Friday. The firm has a market cap of $141,887.48, a P/E ratio of 10.91, a PEG ratio of 2.25 and a beta of 0.90. The company has a debt-to-equity ratio of 2.25, a current ratio of 1.33 and a quick ratio of 1.29. IBM has a one year low of $139.13 and a one year high of $172.93.

IBM (NYSE:IBM) last issued its quarterly earnings results on Thursday, January 18th. The technology company reported $5.18 EPS for the quarter, topping analysts’ consensus estimates of $5.17 by $0.01. The business had revenue of $22.54 billion during the quarter, compared to analysts’ expectations of $22.03 billion. IBM had a return on equity of 69.48% and a net margin of 7.27%. The business’s quarterly revenue was up 3.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $5.01 earnings per share. 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. Shareholders of record on Friday, February 9th were given a $1.50 dividend. This represents a $6.00 dividend on an annualized basis and a yield of 3.98%. The ex-dividend date of this dividend was Thursday, February 8th. IBM’s payout ratio is 43.48%.

Several research firms have commented on IBM. Cantor Fitzgerald reissued a “hold” rating and issued a $152.00 target price on shares of IBM in a report on Friday, January 19th. Zacks Investment Research downgraded IBM from a “hold” rating to a “sell” rating in a report on Tuesday, December 19th. JPMorgan Chase set a $167.00 target price on IBM and gave the stock a “neutral” rating in a report on Friday, January 19th. Goldman Sachs set a $170.00 target price on IBM and gave the stock a “neutral” rating in a report on Friday, January 19th. Finally, Royal Bank of Canada reissued a “buy” rating and issued a $180.00 target price on shares of IBM in a report on Friday, January 19th. Six investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and eleven have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $166.01.

In related news, Director Frederick H. Waddell purchased 610 shares of IBM stock in a transaction on Wednesday, January 31st. The stock was acquired at an average price of $163.38 per share, for a total transaction of $99,661.80. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Diane J. Gherson sold 5,000 shares of the company’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $156.00, for a total value of $780,000.00. Following the completion of the sale, the insider now owns 20,581 shares of the company’s stock, valued at approximately $3,210,636. The disclosure for this sale can be found here. Corporate insiders own 0.17% of the company’s stock.

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IBM 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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