Illinois Municipal Retirement Fund Has $19.89 Million Holdings in International Business Machines Co. (NYSE:IBM)

Illinois Municipal Retirement Fund reduced its holdings in International Business Machines Co. (NYSE:IBM) by 4.5% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 90,484 shares of the technology company’s stock after selling 4,243 shares during the period. Illinois Municipal Retirement Fund’s holdings in International Business Machines were worth $19,891,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of IBM. Todd Asset Management LLC lifted its stake in shares of International Business Machines by 1.6% during the fourth quarter. Todd Asset Management LLC now owns 236,780 shares of the technology company’s stock valued at $52,051,000 after acquiring an additional 3,739 shares during the period. FourThought Financial Partners LLC acquired a new position in International Business Machines in the fourth quarter valued at about $610,000. Commonwealth Retirement Investments LLC lifted its stake in International Business Machines by 2.9% in the fourth quarter. Commonwealth Retirement Investments LLC now owns 16,317 shares of the technology company’s stock valued at $3,587,000 after buying an additional 456 shares during the period. Wrapmanager Inc. acquired a new position in International Business Machines in the fourth quarter valued at about $927,000. Finally, Pine Valley Investments Ltd Liability Co increased its holdings in shares of International Business Machines by 9.0% in the fourth quarter. Pine Valley Investments Ltd Liability Co now owns 23,305 shares of the technology company’s stock worth $5,123,000 after acquiring an additional 1,924 shares in the last quarter. 58.96% of the stock is currently owned by institutional investors.

International Business Machines Price Performance

NYSE IBM opened at $262.12 on Tuesday. International Business Machines Co. has a 52-week low of $162.62 and a 52-week high of $265.72. The firm’s 50 day moving average price is $235.92 and its 200-day moving average price is $222.79. The company has a debt-to-equity ratio of 1.82, a quick ratio of 1.00 and a current ratio of 1.04. The company has a market cap of $242.37 billion, a PE ratio of 40.89, a P/E/G ratio of 5.81 and a beta of 0.76.

International Business Machines (NYSE:IBM) last issued its earnings results on Wednesday, January 29th. The technology company reported $3.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.77 by $0.15. International Business Machines had a net margin of 9.60% and a return on equity of 38.99%. Sell-side analysts forecast that International Business Machines Co. will post 10.78 EPS for the current fiscal year.

International Business Machines Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Monday, February 10th will be given a dividend of $1.67 per share. The ex-dividend date of this dividend is Monday, February 10th. This represents a $6.68 dividend on an annualized basis and a yield of 2.55%. International Business Machines’s payout ratio is presently 104.21%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on IBM shares. Morgan Stanley increased their price objective on International Business Machines from $217.00 to $228.00 and gave the stock an “equal weight” rating in a report on Thursday, January 30th. Sanford C. Bernstein raised their price objective on International Business Machines from $210.00 to $215.00 and gave the stock a “market perform” rating in a research note on Friday, January 3rd. Bank of America lifted their price target on International Business Machines from $260.00 to $270.00 and gave the company a “buy” rating in a research note on Thursday, January 30th. BMO Capital Markets lifted their target price on International Business Machines from $260.00 to $280.00 and gave the stock a “market perform” rating in a report on Thursday, January 30th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $250.00 target price on shares of International Business Machines in a research report on Monday, January 27th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $231.44.

International Business Machines Company 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.