OMERS ADMINISTRATION Corp Sells 8,800 Shares of International Business Machines Corporation $IBM

OMERS ADMINISTRATION Corp lessened its position in shares of International Business Machines Corporation (NYSE:IBM) by 15.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 46,605 shares of the technology company’s stock after selling 8,800 shares during the quarter. OMERS ADMINISTRATION Corp’s holdings in International Business Machines were worth $13,805,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the company. Towarzystwo Funduszy Inwestycyjnych PZU SA raised its stake in shares of International Business Machines by 2.0% during the 4th quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 3,485 shares of the technology company’s stock worth $1,032,000 after acquiring an additional 70 shares in the last quarter. Trustco Bank Corp N Y raised its stake in shares of International Business Machines by 3.8% during the 4th quarter. Trustco Bank Corp N Y now owns 4,746 shares of the technology company’s stock worth $1,406,000 after acquiring an additional 175 shares in the last quarter. Tenzing Financial LLC bought a new position in shares of International Business Machines during the 4th quarter worth approximately $202,000. USS Investment Management Ltd raised its stake in shares of International Business Machines by 0.5% during the 4th quarter. USS Investment Management Ltd now owns 147,924 shares of the technology company’s stock worth $43,812,000 after acquiring an additional 702 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC raised its stake in shares of International Business Machines by 3.4% during the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 132,028 shares of the technology company’s stock worth $39,108,000 after acquiring an additional 4,385 shares in the last quarter. Institutional investors own 58.96% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on IBM. Roth Mkm reiterated a “buy” rating on shares of International Business Machines in a research note on Wednesday, June 3rd. Wedbush set a $350.00 price target on shares of International Business Machines in a research note on Tuesday, June 2nd. Needham & Company LLC assumed coverage on shares of International Business Machines in a research note on Wednesday, June 3rd. They set a “buy” rating on the stock. UBS Group upgraded shares of International Business Machines from a “sell” rating to a “neutral” rating and set a $236.00 price target on the stock in a research note on Wednesday, February 25th. Finally, Morgan Stanley upped their price target on shares of International Business Machines from $215.00 to $225.00 and gave the company an “equal weight” rating in a research note on Thursday, April 23rd. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $304.17.

International Business Machines Trading Down 1.5%

Shares of International Business Machines stock opened at $268.19 on Tuesday. The company has a current ratio of 0.80, a quick ratio of 0.76 and a debt-to-equity ratio of 1.75. International Business Machines Corporation has a 12-month low of $212.34 and a 12-month high of $332.46. The firm has a market capitalization of $252.07 billion, a price-to-earnings ratio of 23.71, a PEG ratio of 2.82 and a beta of 0.66. The firm’s 50 day simple moving average is $250.42 and its two-hundred day simple moving average is $269.84.

International Business Machines (NYSE:IBM) last released its quarterly earnings data on Wednesday, April 22nd. The technology company reported $1.91 EPS for the quarter, beating the consensus estimate of $1.81 by $0.10. The business had revenue of $15.92 billion for the quarter, compared to the consensus estimate of $15.60 billion. International Business Machines had a net margin of 15.61% and a return on equity of 37.23%. The business’s revenue for the quarter was up 9.5% on a year-over-year basis. During the same period in the prior year, the firm earned $1.60 EPS. Analysts predict that International Business Machines Corporation will post 12.38 EPS for the current year.

International Business Machines Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Friday, May 8th were issued a $1.69 dividend. This is an increase from International Business Machines’s previous quarterly dividend of $1.68. The ex-dividend date of this dividend was Friday, May 8th. This represents a $6.76 annualized dividend and a dividend yield of 2.5%. International Business Machines’s payout ratio is currently 59.77%.

About International Business Machines

International Business Machines Corporation (IBM) is a global technology and consulting company headquartered in Armonk, New York. Founded in 1911 as the Computing-Tabulating-Recording Company (CTR) and renamed IBM in 1924, the company has evolved from early electromechanical machines to a diversified technology provider serving enterprises and governments worldwide. IBM is publicly traded on the New York Stock Exchange under the ticker symbol IBM.

IBM’s principal businesses encompass cloud computing and software, infrastructure and systems, consulting and technology services, and research and development.