Louisiana State Employees Retirement System Has $7.99 Million Position in International Business Machines Corp. (IBM)

Louisiana State Employees Retirement System decreased its position in International Business Machines Corp. (NYSE:IBM) by 3.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 52,100 shares of the technology company’s stock after selling 2,000 shares during the period. Louisiana State Employees Retirement System’s holdings in International Business Machines were worth $7,993,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. Biltmore Wealth Management LLC raised its position in International Business Machines by 2.4% in the 2nd quarter. Biltmore Wealth Management LLC now owns 5,557 shares of the technology company’s stock worth $855,000 after buying an additional 132 shares during the last quarter. Traynor Capital Management Inc. raised its position in International Business Machines by 1.6% in the 2nd quarter. Traynor Capital Management Inc. now owns 2,011 shares of the technology company’s stock worth $292,000 after buying an additional 31 shares during the last quarter. Sigma Planning Corp raised its position in International Business Machines by 3.5% in the 2nd quarter. Sigma Planning Corp now owns 15,196 shares of the technology company’s stock worth $2,338,000 after buying an additional 518 shares during the last quarter. Wedbush Securities Inc. raised its position in International Business Machines by 3.0% in the 2nd quarter. Wedbush Securities Inc. now owns 9,022 shares of the technology company’s stock worth $1,388,000 after buying an additional 265 shares during the last quarter. Finally, Convergence Investment Partners LLC raised its position in International Business Machines by 3.2% in the 2nd quarter. Convergence Investment Partners LLC now owns 16,170 shares of the technology company’s stock worth $2,488,000 after buying an additional 504 shares during the last quarter. Institutional investors own 58.78% of the company’s stock.

A number of equities analysts have weighed in on IBM shares. Pivotal Research started coverage on International Business Machines in a research report on Friday, October 27th. They issued a “buy” rating and a $180.00 target price for the company. KeyCorp reissued a “hold” rating on shares of International Business Machines in a research report on Friday, November 3rd. Royal Bank of Canada reissued a “hold” rating and issued a $160.00 target price on shares of International Business Machines in a research report on Wednesday, November 15th. Vetr raised International Business Machines from a “buy” rating to a “strong-buy” rating and set a $165.26 target price for the company in a research report on Wednesday, November 15th. Finally, Tigress Financial reissued a “buy” rating on shares of International Business Machines in a research report on Friday, December 1st. Seven research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and eleven have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $164.37.

In other news, Director Frederick H. Waddell bought 610 shares of International Business Machines stock in a transaction that occurred on Wednesday, January 31st. The stock was bought at an average cost of $163.38 per share, with a total value of $99,661.80. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 0.23% of the company’s stock.

Shares of International Business Machines Corp. (IBM) opened at $153.96 on Thursday. The stock has a market cap of $143,645.80, a P/E ratio of 11.22, a P/E/G ratio of 2.27 and a beta of 0.94. International Business Machines Corp. has a fifty-two week low of $139.13 and a fifty-two week high of $182.55. The company has a quick ratio of 1.29, a current ratio of 1.33 and a debt-to-equity ratio of 2.25.

International Business Machines (NYSE:IBM) last released its earnings results on Thursday, January 18th. The technology company reported $5.18 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $5.17 by $0.01. The company had revenue of $22.54 billion during the quarter, compared to analyst estimates of $22.03 billion. International Business Machines had a net margin of 7.27% and a return on equity of 69.48%. The firm’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $5.01 EPS. analysts predict that International Business Machines Corp. will post 13.83 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Saturday, March 10th. Investors of record on Friday, February 9th will be issued a $1.50 dividend. This represents a $6.00 annualized dividend and a yield of 3.90%. The ex-dividend date is Thursday, February 8th. International Business Machines’s dividend payout ratio is 98.20%.

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International Business Machines Profile

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.

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

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