Commonwealth of Pennsylvania Public School Empls Retrmt SYS Has $67.19 Million Stake in International Business Machines Corporation $IBM

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in shares of International Business Machines Corporation (NYSE:IBM) by 7.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 227,940 shares of the technology company’s stock after buying an additional 16,486 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in International Business Machines were worth $67,192,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Lifestyle Asset Management Inc. raised its holdings in shares of International Business Machines by 1.7% in the second quarter. Lifestyle Asset Management Inc. now owns 2,144 shares of the technology company’s stock valued at $632,000 after purchasing an additional 36 shares during the last quarter. Whelan Financial grew its position in International Business Machines by 2.4% in the second quarter. Whelan Financial now owns 1,525 shares of the technology company’s stock valued at $450,000 after purchasing an additional 36 shares in the last quarter. Ignite Planners LLC grew its position in International Business Machines by 0.9% in the second quarter. Ignite Planners LLC now owns 3,964 shares of the technology company’s stock valued at $1,133,000 after purchasing an additional 36 shares in the last quarter. Blue Edge Capital LLC increased its stake in International Business Machines by 0.6% in the 1st quarter. Blue Edge Capital LLC now owns 6,776 shares of the technology company’s stock valued at $1,685,000 after buying an additional 39 shares during the last quarter. Finally, Johnson Bixby & Associates LLC lifted its position in International Business Machines by 3.3% during the 2nd quarter. Johnson Bixby & Associates LLC now owns 1,208 shares of the technology company’s stock worth $356,000 after buying an additional 39 shares in the last quarter. 58.96% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Sanford C. Bernstein initiated coverage on International Business Machines in a report on Monday, September 15th. They issued a “market perform” rating and a $280.00 price objective for the company. Bank of America increased their price target on International Business Machines from $310.00 to $315.00 and gave the company a “buy” rating in a research report on Thursday, October 23rd. Wall Street Zen upgraded International Business Machines from a “hold” rating to a “buy” rating in a research note on Sunday, October 26th. Erste Group Bank cut International Business Machines from a “buy” rating to a “hold” rating in a research note on Thursday, August 14th. Finally, Royal Bank Of Canada decreased their target price on shares of International Business Machines from $315.00 to $300.00 and set an “outperform” rating for the company in a research note on Thursday, October 23rd. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $288.00.

International Business Machines Trading Up 0.2%

IBM stock opened at $305.35 on Friday. International Business Machines Corporation has a one year low of $204.07 and a one year high of $324.90. The stock has a market cap of $285.42 billion, a price-to-earnings ratio of 36.53, a price-to-earnings-growth ratio of 4.33 and a beta of 0.71. The company has a fifty day moving average price of $285.92 and a two-hundred day moving average price of $271.35. 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 posted its earnings results on Wednesday, October 22nd. The technology company reported $2.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.45 by $0.20. The company had revenue of $16.33 billion during the quarter, compared to analysts’ expectations of $16.10 billion. International Business Machines had a net margin of 12.09% and a return on equity of 37.76%. International Business Machines’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same quarter last year, the company posted $2.30 EPS. International Business Machines has set its FY 2025 guidance at EPS. Equities analysts anticipate that International Business Machines Corporation will post 10.78 EPS for the current year.

International Business Machines Dividend Announcement

The company also recently announced 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. The ex-dividend date of this dividend is Monday, November 10th. This represents a $6.72 annualized dividend and a dividend yield of 2.2%. International Business Machines’s dividend payout ratio is presently 80.38%.

About International Business Machines

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.