Public Employees Retirement Association of Colorado lessened its holdings in International Business Machines Corporation (NYSE:IBM) by 0.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 167,247 shares of the technology company’s stock after selling 878 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in International Business Machines Corporation were worth $25,728,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Horan Securities Inc. raised its position in International Business Machines Corporation by 845.5% during the second quarter. Horan Securities Inc. now owns 936 shares of the technology company’s stock worth $144,000 after acquiring an additional 837 shares in the last quarter. Proficio Capital Partners LLC raised its position in International Business Machines Corporation by 85.1% during the first quarter. Proficio Capital Partners LLC now owns 959 shares of the technology company’s stock worth $146,000 after acquiring an additional 441 shares in the last quarter. CKW Financial Group raised its position in International Business Machines Corporation by 14.8% during the first quarter. CKW Financial Group now owns 938 shares of the technology company’s stock worth $163,000 after acquiring an additional 121 shares in the last quarter. Grisanti Capital Management LLC raised its position in International Business Machines Corporation by 2.0% during the first quarter. Grisanti Capital Management LLC now owns 1,027 shares of the technology company’s stock worth $179,000 after acquiring an additional 20 shares in the last quarter. Finally, Capital Management Associates NY bought a new stake in International Business Machines Corporation during the first quarter worth $200,000. 57.87% of the stock is currently owned by institutional investors and hedge funds.

Several research firms have issued reports on IBM. BidaskClub raised shares of International Business Machines Corporation from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 26th. Stifel Nicolaus reaffirmed a “buy” rating and set a $182.00 price target on shares of International Business Machines Corporation in a research report on Friday, July 21st. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $160.00 price target (down from $165.00) on shares of International Business Machines Corporation in a research report on Saturday, July 22nd. Morgan Stanley reissued an “overweight” rating and issued a $192.00 price objective on shares of International Business Machines Corporation in a research report on Wednesday, August 23rd. Finally, Vetr raised shares of International Business Machines Corporation from a “sell” rating to a “hold” rating and set a $150.26 price objective on the stock in a research report on Monday, June 19th. Seven equities research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and eight have assigned a buy rating to the stock. International Business Machines Corporation currently has a consensus rating of “Hold” and a consensus price target of $157.12.

International Business Machines Corporation (NYSE:IBM) opened at 145.88 on Thursday. The company has a market cap of $135.95 billion, a price-to-earnings ratio of 12.11 and a beta of 0.97. International Business Machines Corporation has a 12-month low of $139.13 and a 12-month high of $182.79. The firm’s 50-day moving average is $143.19 and its 200 day moving average is $155.58.

International Business Machines Corporation (NYSE:IBM) last announced its quarterly earnings data on Tuesday, July 18th. The technology company reported $2.97 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.74 by $0.23. International Business Machines Corporation had a return on equity of 71.53% and a net margin of 14.58%. The firm had revenue of $19.29 billion during the quarter, compared to the consensus estimate of $19.45 billion. During the same quarter in the previous year, the company posted $2.95 earnings per share. The business’s revenue was down 4.7% on a year-over-year basis. On average, equities analysts expect that International Business Machines Corporation will post $13.76 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Saturday, September 9th. Shareholders of record on Thursday, August 10th were given a $1.50 dividend. The ex-dividend date was Tuesday, August 8th. This represents a $6.00 annualized dividend and a yield of 4.11%. International Business Machines Corporation’s payout ratio is currently 49.88%.

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About International Business Machines Corporation

International Business Machines Corporation (IBM) is a technology company. The Company operates through five segments: Cognitive Solutions, Global Business Services (GBS), Technology Services & Cloud Platforms, Systems and Global Financing. The Cognitive Solutions segment delivers a spectrum of capabilities, from descriptive, predictive and prescriptive analytics to cognitive systems.

Institutional Ownership by Quarter for International Business Machines Corporation (NYSE:IBM)

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