International Business Machines Corporation $IBM Stock Position Lowered by California State Teachers Retirement System

California State Teachers Retirement System decreased its position in International Business Machines Corporation (NYSE:IBM) by 2.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,421,892 shares of the technology company’s stock after selling 31,400 shares during the quarter. California State Teachers Retirement System’s holdings in International Business Machines were worth $344,652,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of IBM. Family CFO Inc bought a new stake in International Business Machines in the fourth quarter worth about $25,000. Basepoint Wealth LLC bought a new position in shares of International Business Machines during the 4th quarter valued at about $25,000. Portus Wealth Advisors LLC acquired a new position in shares of International Business Machines in the 1st quarter worth approximately $26,000. Joseph Group Capital Management acquired a new position in shares of International Business Machines in the 4th quarter worth approximately $28,000. Finally, Cornerstone Financial Management LLC bought a new stake in shares of International Business Machines in the 4th quarter worth approximately $28,000. Institutional investors own 58.96% of the company’s stock.

Analysts Set New Price Targets

IBM has been the subject of several recent research reports. KeyCorp lowered shares of International Business Machines to a “sector weight” rating in a research note on Tuesday, June 23rd. JPMorgan Chase & Co. dropped their price target on International Business Machines from $291.00 to $250.00 and set an “overweight” rating on the stock in a report on Friday, July 17th. DZ Bank upgraded International Business Machines from a “hold” rating to a “buy” rating and set a $295.00 price objective for the company in a research report on Friday, April 24th. Oppenheimer lowered International Business Machines from an “outperform” rating to a “market perform” rating in a research note on Wednesday, July 15th. Finally, BMO Capital Markets decreased their target price on International Business Machines from $270.00 to $230.00 and set a “market perform” rating on the stock in a report on Thursday, July 23rd. Fifteen investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $265.40.

International Business Machines Stock Up 5.2%

NYSE:IBM opened at $227.42 on Wednesday. The business’s fifty day moving average price is $262.88 and its 200 day moving average price is $259.16. The firm has a market capitalization of $214.26 billion, a price-to-earnings ratio of 20.18, a PEG ratio of 2.12 and a beta of 0.68. The company has a current ratio of 0.79, a quick ratio of 0.74 and a debt-to-equity ratio of 1.63. International Business Machines Corporation has a 1-year low of $199.19 and a 1-year high of $332.46.

International Business Machines (NYSE:IBM) last announced its quarterly earnings data on Wednesday, July 22nd. The technology company reported $2.93 EPS for the quarter, hitting analysts’ consensus estimates of $2.93. International Business Machines had a return on equity of 35.65% and a net margin of 15.52%.The firm had revenue of $17.16 billion during the quarter, compared to analyst estimates of $17.46 billion. During the same period last year, the company posted $2.80 EPS. The business’s quarterly revenue was up 1.1% compared to the same quarter last year. On average, sell-side analysts forecast that International Business Machines Corporation will post 12.34 earnings per share for the current fiscal year.

International Business Machines Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Monday, August 10th will be given a $1.69 dividend. This represents a $6.76 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend is Monday, August 10th. International Business Machines’s dividend payout ratio is 59.98%.

International Business Machines News Roundup

Here are the key news stories impacting International Business Machines this week:

• Positive Sentiment: IBM’s acquisition of HRL Laboratories is intended to strengthen its long-term quantum-computing capabilities and roadmap. The strategic move could support future growth, although the near-term financial impact is unclear. IBM Just Made a Bold Quantum Computing Bet
• Positive Sentiment: IBM insiders reportedly made three open-market purchases totaling roughly 1,484 shares over the past six months, which may provide a modest confidence signal. Analyst price targets also remain well above the current trading level, although targets are subject to revision. VOO is up 0.4% today, on IBM stock price movement
• Neutral Sentiment: Resecurity launched a native integration with IBM QRadar SIEM, expanding threat-intelligence sharing for enterprise customers. The announcement supports IBM’s security ecosystem but did not disclose a material contract or financial contribution. Resecurity Introduces Native Integration with IBM QRadar SIEM for Threat Intelligence Sharing
• Negative Sentiment: Multiple law firms announced investigations into potential securities-law violations related to IBM’s preview of weak second-quarter results, including a reported shortfall in new business and concerns about the IBM Z product outlook. The legal announcements add headline and litigation risk, though they do not establish wrongdoing. IBM Investigation – HBSS
• Negative Sentiment: Circle acquired nearly 1,000 IBM blockchain patents. While the transaction may monetize noncore intellectual property, investors may view the sale as a retreat from IBM’s blockchain ambitions; financial terms were not disclosed. USDC issuer Circle to acquire nearly 1,000 IBM blockchain patents

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.