State of New Jersey Common Pension Fund D Boosts Holdings in International Business Machines Corporation $IBM

State of New Jersey Common Pension Fund D grew its holdings in shares of International Business Machines Corporation (NYSE:IBM) by 0.0% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 311,761 shares of the technology company’s stock after buying an additional 123 shares during the period. State of New Jersey Common Pension Fund D’s holdings in International Business Machines were worth $91,901,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Ranch Capital Advisors Inc. boosted its stake in International Business Machines by 2.8% in the 2nd quarter. Ranch Capital Advisors Inc. now owns 14,336 shares of the technology company’s stock worth $4,226,000 after purchasing an additional 389 shares in the last quarter. Sage Mountain Advisors LLC boosted its stake in International Business Machines by 8.8% in the 2nd quarter. Sage Mountain Advisors LLC now owns 7,639 shares of the technology company’s stock worth $2,252,000 after purchasing an additional 618 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its stake in International Business Machines by 1.0% in the 2nd quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,505,254 shares of the technology company’s stock worth $738,499,000 after purchasing an additional 24,734 shares in the last quarter. First Business Financial Services Inc. boosted its stake in International Business Machines by 105.1% in the 2nd quarter. First Business Financial Services Inc. now owns 2,113 shares of the technology company’s stock worth $623,000 after purchasing an additional 1,083 shares in the last quarter. Finally, Jackson Hole Capital Partners LLC raised its position in International Business Machines by 0.8% in the 2nd quarter. Jackson Hole Capital Partners LLC now owns 24,311 shares of the technology company’s stock worth $7,167,000 after buying an additional 201 shares during the last quarter. Institutional investors own 58.96% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on IBM. Melius Research raised International Business Machines to a “strong-buy” rating in a research report on Monday, July 7th. Erste Group Bank lowered shares of International Business Machines from a “buy” rating to a “hold” rating in a research report on Thursday, August 14th. JPMorgan Chase & Co. upped their price target on shares of International Business Machines from $244.00 to $290.00 and gave the company a “neutral” rating in a research report on Thursday, July 24th. Bank of America upped their price target on shares of International Business Machines from $310.00 to $315.00 and gave the company a “buy” rating in a research report on Thursday. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of International Business Machines in a report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $288.00.

International Business Machines Stock Performance

Shares of International Business Machines stock opened at $307.78 on Friday. International Business Machines Corporation has a 12 month low of $203.51 and a 12 month high of $310.75. The stock’s fifty day moving average price is $266.21 and its 200-day moving average price is $263.57. The firm has a market cap of $286.05 billion, a P/E ratio of 36.82, a P/E/G ratio of 4.35 and a beta of 0.73. The company has a current ratio of 0.93, a quick ratio of 0.87 and a debt-to-equity ratio of 1.97.

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

International Business Machines Announces Dividend

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

About International Business Machines

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.