Oregon Public Employees Retirement Fund Acquires 22,100 Shares of International Business Machines Corporation (IBM)

Oregon Public Employees Retirement Fund boosted its stake in International Business Machines Corporation (NYSE:IBM) by 10.1% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 239,879 shares of the technology company’s stock after buying an additional 22,100 shares during the period. International Business Machines Corporation makes up approximately 0.6% of Oregon Public Employees Retirement Fund’s portfolio, making the stock its 27th largest position. Oregon Public Employees Retirement Fund’s holdings in International Business Machines Corporation were worth $36,901,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Thomas J. Herzfeld Advisors Inc. acquired a new stake in International Business Machines Corporation during the fourth quarter valued at about $117,000. Jackson Grant Investment Advisers Inc. raised its stake in International Business Machines Corporation by 0.8% in the fourth quarter. Jackson Grant Investment Advisers Inc. now owns 737 shares of the technology company’s stock valued at $122,000 after buying an additional 6 shares in the last quarter. Horan Securities Inc. raised its stake in International Business Machines Corporation by 845.5% in the second quarter. Horan Securities Inc. now owns 936 shares of the technology company’s stock valued at $144,000 after buying an additional 837 shares in the last quarter. CKW Financial Group raised its stake in International Business Machines Corporation by 14.8% in the first quarter. CKW Financial Group now owns 938 shares of the technology company’s stock valued at $163,000 after buying an additional 121 shares in the last quarter. Finally, Proficio Capital Partners LLC raised its stake in International Business Machines Corporation by 85.1% in the first quarter. Proficio Capital Partners LLC now owns 959 shares of the technology company’s stock valued at $146,000 after buying an additional 441 shares in the last quarter. 58.73% of the stock is owned by hedge funds and other institutional investors.

Shares of International Business Machines Corporation (NYSE IBM) remained flat at $141.84 on Friday. The company’s stock had a trading volume of 3,004,360 shares. The stock has a market capitalization of $132.19 billion, a price-to-earnings ratio of 11.77 and a beta of 0.97. International Business Machines Corporation has a 52 week low of $141.19 and a 52 week high of $182.79. The firm has a 50-day moving average price of $149.55 and a 200-day moving average price of $162.71.

International Business Machines Corporation (NYSE:IBM) last posted its quarterly earnings data on Tuesday, July 18th. The technology company reported $2.97 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.74 by $0.23. International Business Machines Corporation had a net margin of 14.58% and a return on equity of 71.53%. The business had revenue of $19.29 billion during the quarter, compared to analyst estimates of $19.45 billion. During the same quarter last year, the firm posted $2.95 earnings per share. The business’s revenue for the quarter was down 4.7% compared to the same quarter last year. Equities analysts forecast that International Business Machines Corporation will post $13.74 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, September 9th. Stockholders of record on Thursday, August 10th will be paid a $1.50 dividend. This represents a $6.00 annualized dividend and a dividend yield of 4.23%. The ex-dividend date is Tuesday, August 8th. International Business Machines Corporation’s payout ratio is 49.88%.

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A number of equities analysts have commented on IBM shares. Bank of America Corporation reaffirmed a “buy” rating and issued a $180.00 target price (down previously from $185.00) on shares of International Business Machines Corporation in a report on Wednesday, April 19th. Stifel Nicolaus reissued a “buy” rating and set a $192.00 price objective on shares of International Business Machines Corporation in a report on Wednesday, April 19th. Drexel Hamilton reissued a “buy” rating and set a $200.00 price objective (down previously from $215.00) on shares of International Business Machines Corporation in a report on Saturday, April 22nd. Vetr raised International Business Machines Corporation from a “hold” rating to a “buy” rating and set a $159.56 price objective on the stock in a report on Monday, July 10th. Finally, Standpoint Research raised International Business Machines Corporation from a “hold” rating to a “buy” rating in a research report on Wednesday, July 19th. Seven research analysts have rated the stock with a sell rating, eighteen have given a hold rating and seven have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $157.40.

In other International Business Machines Corporation news, Director James W. Owens acquired 1,718 shares of the stock in a transaction dated Tuesday, May 16th. The stock was acquired at an average price of $153.19 per share, with a total value of $263,180.42. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.23% of the company’s stock.

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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