2,980 Shares in International Business Machines Co. (NYSE:IBM) Bought by Ontario Teachers Pension Plan Board

Ontario Teachers Pension Plan Board bought a new stake in shares of International Business Machines Co. (NYSE:IBM) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 2,980 shares of the technology company’s stock, valued at approximately $391,000.

Other institutional investors have also bought and sold shares of the company. Live Oak Investment Partners purchased a new position in International Business Machines during the 4th quarter worth $30,000. GW&K Investment Management LLC acquired a new stake in shares of International Business Machines during the 1st quarter worth approximately $33,000. First Command Advisory Services Inc. purchased a new position in International Business Machines in the first quarter valued at $37,000. Kepos Capital LP purchased a new position in shares of International Business Machines in the 4th quarter valued at about $42,000. Finally, Pacific Center for Financial Services acquired a new position in shares of International Business Machines during the 1st quarter worth approximately $41,000. Institutional investors own 56.16% of the company’s stock.

International Business Machines Stock Down 0.9 %

IBM opened at $145.99 on Monday. The business has a 50-day moving average of $142.59 and a two-hundred day moving average of $133.71. The company has a debt-to-equity ratio of 2.28, a current ratio of 1.06 and a quick ratio of 1.01. International Business Machines Co. has a 12 month low of $115.54 and a 12 month high of $153.21. The stock has a market capitalization of $133.00 billion, a price-to-earnings ratio of 67.59, a price-to-earnings-growth ratio of 3.72 and a beta of 0.85.

International Business Machines (NYSE:IBM) last issued its earnings results on Wednesday, July 19th. The technology company reported $2.18 earnings per share for the quarter, topping the consensus estimate of $2.00 by $0.18. International Business Machines had a return on equity of 38.10% and a net margin of 3.35%. The business had revenue of $15.48 billion for the quarter, compared to analyst estimates of $15.58 billion. During the same period last year, the company posted $2.31 EPS. The business’s quarterly revenue was down .4% on a year-over-year basis. On average, research analysts expect that International Business Machines Co. will post 9.43 earnings per share for the current year.

International Business Machines Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Saturday, September 9th. Investors of record on Thursday, August 10th were issued a dividend of $1.66 per share. The ex-dividend date was Wednesday, August 9th. This represents a $6.64 annualized dividend and a dividend yield of 4.55%. International Business Machines’s payout ratio is 307.41%.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. StockNews.com raised shares of International Business Machines from a “hold” rating to a “buy” rating in a research note on Wednesday, September 6th. JPMorgan Chase & Co. started coverage on International Business Machines in a research report on Friday, July 7th. They set a “neutral” rating and a $145.00 price target for the company. BMO Capital Markets lifted their price objective on shares of International Business Machines from $145.00 to $150.00 and gave the company a “market perform” rating in a report on Monday, July 17th. Stifel Nicolaus boosted their target price on International Business Machines from $140.00 to $144.00 and gave the stock a “buy” rating in a research note on Thursday, July 20th. Finally, Bank of America boosted their price target on shares of International Business Machines from $152.00 to $160.00 and gave the stock a “buy” rating in a report on Thursday, July 20th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $142.91.

About International Business Machines

International Business Machines Corporation, together with its subsidiaries, provides integrated solutions and services worldwide. The company operates through four business segments: Software, Consulting, Infrastructure, and Financing. The Software segment offers hybrid cloud platform and software solutions; software for business automation, AIOps and management, integration, and application servers; data and artificial intelligence solutions; and security software and services for threat, data, and identity.