California Public Employees Retirement System Has $600.71 Million Position in International Business Machines Corporation $IBM

California Public Employees Retirement System cut its holdings in International Business Machines Corporation (NYSE:IBM) by 14.2% during the first quarter, Holdings Channel.com reports. The fund owned 2,478,266 shares of the technology company’s stock after selling 410,545 shares during the period. California Public Employees Retirement System’s holdings in International Business Machines were worth $600,707,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. VIRGINIA RETIREMENT SYSTEMS ET Al grew its position in shares of International Business Machines by 424.6% in the 4th quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 260,740 shares of the technology company’s stock valued at $77,234,000 after purchasing an additional 211,040 shares during the period. GLOBALT Investments LLC GA raised its holdings in International Business Machines by 19.1% during the 4th quarter. GLOBALT Investments LLC GA now owns 18,288 shares of the technology company’s stock worth $5,417,000 after buying an additional 2,930 shares during the period. Newbridge Financial Services Group Inc. raised its holdings in International Business Machines by 30.0% during the 4th quarter. Newbridge Financial Services Group Inc. now owns 13,122 shares of the technology company’s stock worth $3,887,000 after buying an additional 3,029 shares during the period. Rice Partnership LLC bought a new position in International Business Machines in the fourth quarter valued at approximately $3,317,000. Finally, Sage Investment Advisers LLC acquired a new position in shares of International Business Machines in the fourth quarter valued at approximately $4,101,000. Institutional investors and hedge funds own 58.96% of the company’s stock.

International Business Machines Stock Down 3.0%

International Business Machines stock opened at $212.54 on Friday. The company has a market cap of $199.76 billion, a P/E ratio of 18.79, a price-to-earnings-growth ratio of 2.13 and a beta of 0.68. International Business Machines Corporation has a 1-year low of $204.44 and a 1-year high of $332.46. The company has a fifty day simple moving average of $263.84 and a 200 day simple moving average of $263.58. The company has a current ratio of 0.80, a quick ratio of 0.76 and a debt-to-equity ratio of 1.75.

International Business Machines (NYSE:IBM) last issued its quarterly earnings results on Wednesday, April 22nd. The technology company reported $1.91 EPS for the quarter, topping the consensus estimate of $1.81 by $0.10. International Business Machines had a net margin of 15.61% and a return on equity of 37.23%. The firm had revenue of $15.92 billion for the quarter, compared to analysts’ expectations of $15.60 billion. During the same period in the previous year, the firm posted $1.60 EPS. The company’s revenue for the quarter was up 9.5% on a year-over-year basis. Research analysts anticipate that International Business Machines Corporation will post 12.33 earnings per share for the current fiscal year.

International Business Machines Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Friday, May 8th were given a $1.69 dividend. This is an increase from International Business Machines’s previous quarterly dividend of $1.68. This represents a $6.76 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date of this dividend was Friday, May 8th. International Business Machines’s dividend payout ratio (DPR) is presently 59.77%.

Key International Business Machines News

Here are the key news stories impacting International Business Machines this week:

• Positive Sentiment: IBM launched new Power server products aimed at automation, app modernization, and local AI inferencing, which could support its enterprise AI push over time.
• Positive Sentiment: JPMorgan kept an overweight rating on IBM even after cutting its price target to $250, indicating Wall Street still sees upside from current levels.
• Positive Sentiment: Some analysts say the stock’s sharp decline may have pushed it into oversold territory, which could attract bargain hunters if sentiment stabilizes.
• Neutral Sentiment: IBM heads into its July 22 earnings report with investors focused on whether the company can validate its AI and cloud momentum after the warning.
• Neutral Sentiment: Analysts at Zacks and others are debating whether the selloff is an opportunity or a sign to wait, reflecting uncertainty rather than a clear fundamental shift.
• Negative Sentiment: IBM’s preliminary Q2 miss and weak near-term outlook are the main reasons the stock is falling, as they suggest slower growth and margin pressure.
• Negative Sentiment: Multiple law firms have announced securities-fraud investigations after the plunge, which can keep negative headlines around the stock.
• Negative Sentiment: Analyst sentiment is turning more cautious, with some estimate reductions and technical warnings reinforcing bearish momentum.

Wall Street Analysts Forecast Growth

IBM has been the topic of a number of research analyst reports. DZ Bank upgraded shares of International Business Machines from a “hold” rating to a “buy” rating and set a $295.00 price objective on the stock in a report on Friday, April 24th. Piper Sandler raised shares of International Business Machines to an “overweight” rating in a research note on Tuesday, June 23rd. HSBC set a $175.00 target price on International Business Machines and gave the stock a “reduce” rating in a report on Thursday. Argus dropped their price target on International Business Machines from $360.00 to $280.00 and set a “buy” rating on the stock in a research note on Thursday. Finally, Wedbush set a $350.00 price target on International Business Machines in a report on Tuesday, June 2nd. Fifteen equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, International Business Machines has an average rating of “Moderate Buy” and an average price target of $292.89.

International Business Machines Profile

International Business Machines Corporation (IBM) is a global technology and consulting company headquartered in Armonk, New York. Founded in 1911 as the Computing-Tabulating-Recording Company (CTR) and renamed IBM in 1924, the company has evolved from early electromechanical machines to a diversified technology provider serving enterprises and governments worldwide. IBM is publicly traded on the New York Stock Exchange under the ticker symbol IBM.

IBM’s principal businesses encompass cloud computing and software, infrastructure and systems, consulting and technology services, and research and development.