Illinois Municipal Retirement Fund Has $23.58 Million Stock Holdings in International Business Machines Corporation $IBM

Illinois Municipal Retirement Fund lowered its position in International Business Machines Corporation (NYSE:IBM) by 7.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 80,000 shares of the technology company’s stock after selling 6,159 shares during the period. Illinois Municipal Retirement Fund’s holdings in International Business Machines were worth $23,582,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in IBM. BOK Financial Private Wealth Inc. grew its stake in International Business Machines by 11.6% in the 2nd quarter. BOK Financial Private Wealth Inc. now owns 1,488 shares of the technology company’s stock valued at $439,000 after purchasing an additional 155 shares during the period. Fountainhead AM LLC increased its holdings in International Business Machines by 19.1% during the second quarter. Fountainhead AM LLC now owns 2,018 shares of the technology company’s stock worth $595,000 after buying an additional 323 shares during the last quarter. Fidelis Capital Partners LLC raised its position in International Business Machines by 4.3% in the second quarter. Fidelis Capital Partners LLC now owns 8,841 shares of the technology company’s stock worth $2,606,000 after acquiring an additional 361 shares during the period. Profund Advisors LLC grew its position in shares of International Business Machines by 3.9% during the 2nd quarter. Profund Advisors LLC now owns 20,952 shares of the technology company’s stock valued at $6,176,000 after acquiring an additional 786 shares during the period. Finally, Summit X LLC purchased a new stake in shares of International Business Machines during the 2nd quarter worth approximately $239,000. Hedge funds and other institutional investors own 58.96% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on IBM. Stifel Nicolaus lowered their target price on shares of International Business Machines from $310.00 to $295.00 and set a “buy” rating on the stock in a report on Thursday, October 23rd. Bank of America upped their target price on International Business Machines from $310.00 to $315.00 and gave the company a “buy” rating in a report on Thursday, October 23rd. Royal Bank Of Canada lowered their price objective on International Business Machines from $315.00 to $300.00 and set an “outperform” rating for the company in a research note on Thursday, October 23rd. Weiss Ratings raised International Business Machines from a “hold (c+)” rating to a “buy (b)” rating in a research report on Saturday, October 25th. Finally, Sanford C. Bernstein assumed coverage on shares of International Business Machines in a research note on Monday, September 15th. They set a “market perform” rating and a $280.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, International Business Machines presently has a consensus rating of “Moderate Buy” and a consensus price target of $288.00.

International Business Machines Stock Performance

Shares of IBM stock opened at $306.64 on Monday. The company has a market capitalization of $286.63 billion, a P/E ratio of 36.68, a P/E/G ratio of 4.33 and a beta of 0.71. International Business Machines Corporation has a 12-month low of $204.07 and a 12-month high of $319.35. The business’s 50 day moving average is $279.45 and its two-hundred day moving average is $269.19. The company has a current ratio of 0.93, a quick ratio of 0.89 and a debt-to-equity ratio of 1.97.

International Business Machines (NYSE:IBM) last posted its quarterly earnings results on Wednesday, October 22nd. The technology company reported $2.65 earnings per share for the quarter, beating the consensus estimate of $2.45 by $0.20. International Business Machines had a net margin of 12.09% and a return on equity of 37.76%. The business had revenue of $16.33 billion during the quarter, compared to analysts’ expectations of $16.10 billion. During the same quarter in the prior year, the company posted $2.30 EPS. The business’s revenue for the quarter was up 9.1% on a year-over-year basis. International Business Machines has set its FY 2025 guidance at EPS. Analysts expect that International Business Machines Corporation will post 10.78 EPS for the current fiscal year.

International Business Machines Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Monday, November 10th will be issued a dividend of $1.68 per share. The ex-dividend date of this dividend is Monday, November 10th. This represents a $6.72 dividend on an annualized basis and a yield of 2.2%. International Business Machines’s payout ratio is currently 80.38%.

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.