State Board of Administration of Florida Retirement System Has $263.07 Million Holdings in International Business Machines Corporation $IBM

State Board of Administration of Florida Retirement System boosted its position in shares of International Business Machines Corporation (NYSE:IBM) by 1.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 892,422 shares of the technology company’s stock after purchasing an additional 14,889 shares during the period. State Board of Administration of Florida Retirement System owned about 0.10% of International Business Machines worth $263,068,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of IBM. Family CFO Inc acquired a new stake in International Business Machines in the 2nd quarter valued at approximately $25,000. Winnow Wealth LLC acquired a new position in International Business Machines during the 2nd quarter worth approximately $27,000. SSA Swiss Advisors AG bought a new position in shares of International Business Machines during the 1st quarter worth approximately $28,000. Dagco Inc. bought a new position in shares of International Business Machines during the 1st quarter worth approximately $31,000. Finally, Silicon Valley Capital Partners raised its holdings in shares of International Business Machines by 322.6% in the first quarter. Silicon Valley Capital Partners now owns 131 shares of the technology company’s stock valued at $32,000 after purchasing an additional 100 shares during the last quarter. 58.96% of the stock is currently owned by institutional investors.

International Business Machines Stock Performance

Shares of IBM opened at $303.66 on Thursday. The company has a market cap of $283.84 billion, a PE ratio of 36.32, a price-to-earnings-growth ratio of 4.33 and a beta of 0.71. The firm has a 50-day moving average of $292.35 and a 200-day moving average of $274.33. International Business Machines Corporation has a one year low of $214.50 and a one year high of $324.90. The company has a debt-to-equity ratio of 1.97, a current ratio of 0.93 and a quick ratio of 0.89.

International Business Machines (NYSE:IBM) last issued its earnings results on Wednesday, October 22nd. The technology company reported $2.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.45 by $0.20. International Business Machines had a net margin of 12.09% and a return on equity of 37.76%. The company had revenue of $16.33 billion for the quarter, compared to analysts’ expectations of $16.10 billion. During the same period in the prior year, the firm earned $2.30 EPS. International Business Machines’s quarterly revenue was up 9.1% compared to the same quarter last year. International Business Machines has set its FY 2025 guidance at EPS. As a group, equities analysts forecast that International Business Machines Corporation will post 10.78 earnings per share for the current year.

International Business Machines Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Monday, November 10th will be given a $1.68 dividend. This represents a $6.72 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend is Monday, November 10th. International Business Machines’s dividend payout ratio (DPR) is presently 80.38%.

Analyst Upgrades and Downgrades

IBM has been the subject of several recent research reports. BMO Capital Markets increased their target price on shares of International Business Machines from $300.00 to $305.00 and gave the stock a “market perform” rating in a report on Thursday, October 23rd. Sanford C. Bernstein started coverage on shares of International Business Machines in a research report on Monday, September 15th. They set a “market perform” rating and a $280.00 price target on the stock. UBS Group increased their price objective on shares of International Business Machines from $200.00 to $210.00 and gave the stock a “sell” rating in a research note on Thursday, October 23rd. Weiss Ratings upgraded International Business Machines from a “hold (c+)” rating to a “buy (b)” rating in a report on Saturday, October 25th. Finally, Oppenheimer assumed coverage on International Business Machines in a research report on Friday, November 21st. They issued an “outperform” rating and a $360.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $291.08.

International Business Machines Profile

International Business Machines Corporation, together with its subsidiaries, provides integrated solutions and services worldwide. The company operates through Software, Consulting, Infrastructure, and Financing segments. The Software segment offers a hybrid cloud and AI platforms that allows clients to realize their digital and AI transformations across the applications, data, and environments in which they operate.