State of New Jersey Common Pension Fund D Purchases 1,962 Shares of International Business Machines Co. (NYSE:IBM)

State of New Jersey Common Pension Fund D raised its position in shares of International Business Machines Co. (NYSE:IBM) by 0.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 515,212 shares of the technology company’s stock after acquiring an additional 1,962 shares during the quarter. State of New Jersey Common Pension Fund D owned approximately 0.06% of International Business Machines worth $84,263,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Naples Money Management LLC purchased a new position in shares of International Business Machines during the fourth quarter valued at approximately $28,000. Briaud Financial Planning Inc purchased a new position in shares of International Business Machines during the third quarter valued at approximately $31,000. Stone House Investment Management LLC lifted its holdings in shares of International Business Machines by 971.4% during the third quarter. Stone House Investment Management LLC now owns 225 shares of the technology company’s stock valued at $32,000 after purchasing an additional 204 shares during the last quarter. Financial Gravity Asset Management Inc. lifted its holdings in shares of International Business Machines by 67.9% during the third quarter. Financial Gravity Asset Management Inc. now owns 225 shares of the technology company’s stock valued at $32,000 after purchasing an additional 91 shares during the last quarter. Finally, Cordant Inc. raised its holdings in International Business Machines by 753.3% in the 4th quarter. Cordant Inc. now owns 256 shares of the technology company’s stock worth $42,000 after acquiring an additional 226 shares during the last quarter. 58.96% of the stock is owned by institutional investors.

International Business Machines Price Performance

Shares of NYSE IBM traded down $1.71 during mid-day trading on Friday, hitting $167.20. 8,982,844 shares of the company’s stock traded hands, compared to its average volume of 5,007,767. The company’s 50-day moving average is $188.00 and its two-hundred day moving average is $169.97. The company has a debt-to-equity ratio of 2.22, a current ratio of 0.96 and a quick ratio of 0.93. The company has a market capitalization of $153.28 billion, a P/E ratio of 18.96, a PEG ratio of 3.62 and a beta of 0.70. International Business Machines Co. has a 1 year low of $120.55 and a 1 year high of $199.18.

International Business Machines (NYSE:IBM) last announced its earnings results on Wednesday, April 24th. The technology company reported $1.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.59 by $0.09. International Business Machines had a net margin of 13.18% and a return on equity of 40.50%. The firm had revenue of $14.46 billion for the quarter, compared to analysts’ expectations of $14.53 billion. During the same period in the prior year, the company earned $1.36 EPS. The business’s revenue was up 1.5% compared to the same quarter last year. On average, equities analysts anticipate that International Business Machines Co. will post 10.04 EPS for the current fiscal year.

International Business Machines Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Saturday, March 9th. Investors of record on Friday, February 9th were given a $1.66 dividend. This represents a $6.64 dividend on an annualized basis and a yield of 3.97%. The ex-dividend date was Thursday, February 8th. International Business Machines’s dividend payout ratio (DPR) is currently 75.20%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. StockNews.com lowered shares of International Business Machines from a “buy” rating to a “hold” rating in a report on Tuesday. Evercore ISI upgraded shares of International Business Machines from an “in-line” rating to an “outperform” rating and boosted their target price for the company from $165.00 to $200.00 in a research note on Friday, January 19th. Wedbush boosted their target price on shares of International Business Machines from $140.00 to $160.00 and gave the company a “neutral” rating in a research note on Thursday. JPMorgan Chase & Co. decreased their target price on shares of International Business Machines from $190.00 to $185.00 and set a “neutral” rating for the company in a research note on Thursday. Finally, Societe Generale reiterated a “sell” rating and set a $143.00 target price on shares of International Business Machines in a research note on Friday, January 5th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $184.08.

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.