Public Employees Retirement Association of Colorado Has $20.63 Million Stock Position in International Business Machines Co. (NYSE:IBM)

Public Employees Retirement Association of Colorado lessened its stake in International Business Machines Co. (NYSE:IBM – Get Rating) by 0.4% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 146,139 shares of the technology company’s stock after selling 557 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in International Business Machines were worth $20,633,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. BCR Wealth Strategies LLC bought a new stake in shares of International Business Machines during the 2nd quarter worth approximately $25,000. Gleason Group Inc. bought a new position in shares of International Business Machines in the 2nd quarter valued at $28,000. Canton Hathaway LLC bought a new position in International Business Machines in the second quarter valued at about $31,000. Win Advisors Inc. lifted its holdings in shares of International Business Machines by 52.3% in the second quarter. Win Advisors Inc. now owns 236 shares of the technology company’s stock worth $33,000 after acquiring an additional 81 shares during the last quarter. Finally, Total Clarity Wealth Management Inc. acquired a new stake in shares of International Business Machines in the 2nd quarter valued at approximately $37,000. Institutional investors own 55.52% of the company’s stock.

International Business Machines Stock Performance

Shares of IBM stock opened at $147.78 on Friday. The stock has a market capitalization of $133.61 billion, a PE ratio of 107.87, a PEG ratio of 2.43 and a beta of 0.89. The business’s 50 day simple moving average is $136.19 and its 200 day simple moving average is $134.51. The company has a debt-to-equity ratio of 2.23, a current ratio of 0.95 and a quick ratio of 0.89. International Business Machines Co. has a one year low of $115.54 and a one year high of $150.46.

International Business Machines (NYSE:IBM – Get Rating) last posted its quarterly earnings data on Wednesday, October 19th. The technology company reported $1.81 EPS for the quarter, beating analysts’ consensus estimates of $1.78 by $0.03. International Business Machines had a net margin of 2.08% and a return on equity of 41.50%. The company had revenue of $14.11 billion for the quarter, compared to analyst estimates of $13.55 billion. During the same period in the prior year, the firm posted $2.52 EPS. The company’s quarterly revenue was up 6.5% on a year-over-year basis. As a group, research analysts forecast that International Business Machines Co. will post 9.12 earnings per share for the current year.

International Business Machines Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Saturday, December 10th. Investors of record on Thursday, November 10th will be given a dividend of $1.65 per share. The ex-dividend date is Wednesday, November 9th. This represents a $6.60 annualized dividend and a dividend yield of 4.47%. International Business Machines’s payout ratio is 481.76%.

Insider Buying and Selling

In other International Business Machines news, VP Bene Robert F. Del sold 3,000 shares of the stock in a transaction that occurred on Tuesday, November 22nd. The stock was sold at an average price of $148.36, for a total transaction of $445,080.00. Following the transaction, the vice president now directly owns 14,553 shares in the company, valued at approximately $2,159,083.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other International Business Machines news, VP Bene Robert F. Del sold 3,000 shares of International Business Machines stock in a transaction on Tuesday, November 22nd. The shares were sold at an average price of $148.36, for a total value of $445,080.00. Following the completion of the sale, the vice president now directly owns 14,553 shares of the company’s stock, valued at $2,159,083.08. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director David N. Farr acquired 1,000 shares of the business’s stock in a transaction dated Thursday, September 15th. The shares were bought at an average cost of $125.00 per share, for a total transaction of $125,000.00. Following the transaction, the director now directly owns 1,000 shares in the company, valued at $125,000. The disclosure for this purchase can be found here. 0.04% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages recently commented on IBM. StockNews.com downgraded shares of International Business Machines from a “buy” rating to a “hold” rating in a research note on Friday, October 21st. Morgan Stanley dropped their price target on International Business Machines from $155.00 to $152.00 and set an “overweight” rating for the company in a research note on Thursday, October 6th. Stifel Nicolaus reduced their price objective on International Business Machines from $150.00 to $140.00 and set a “buy” rating on the stock in a research report on Monday, October 17th. UBS Group dropped their target price on International Business Machines from $112.00 to $111.00 and set a “sell” rating for the company in a research report on Thursday, October 20th. Finally, Bank of America reduced their price target on International Business Machines from $155.00 to $145.00 in a report on Tuesday, October 18th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $139.40.

International Business Machines Profile

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International Business Machines Corporation provides integrated solutions and services worldwide. The company operates through four business segments: Software, Consulting, Infrastructure, and Financing. The Software segment offers hybrid cloud platform and software solutions, such as Red Hat, an enterprise open-source solutions; software for business automation, AIOps and management, integration, and application servers; data and artificial intelligence solutions; and security software and services for threat, data, and identity.