Nordea Investment Management AB Acquires 343,315 Shares of International Business Machines Corporation $IBM

Nordea Investment Management AB lifted its holdings in International Business Machines Corporation (NYSE:IBM) by 449.3% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 419,727 shares of the technology company’s stock after buying an additional 343,315 shares during the quarter. Nordea Investment Management AB’s holdings in International Business Machines were worth $122,560,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. Lifestyle Asset Management Inc. raised its holdings in shares of International Business Machines by 1.7% in the second quarter. Lifestyle Asset Management Inc. now owns 2,144 shares of the technology company’s stock valued at $632,000 after buying an additional 36 shares during the last quarter. Whelan Financial raised its holdings in shares of International Business Machines by 2.4% in the second quarter. Whelan Financial now owns 1,525 shares of the technology company’s stock valued at $450,000 after buying an additional 36 shares during the last quarter. Ignite Planners LLC increased its position in International Business Machines by 0.9% in the second quarter. Ignite Planners LLC now owns 3,964 shares of the technology company’s stock worth $1,133,000 after purchasing an additional 36 shares during the period. Blue Edge Capital LLC increased its position in International Business Machines by 0.6% in the first quarter. Blue Edge Capital LLC now owns 6,776 shares of the technology company’s stock worth $1,685,000 after purchasing an additional 39 shares during the period. Finally, Johnson Bixby & Associates LLC increased its position in International Business Machines by 3.3% in the second quarter. Johnson Bixby & Associates LLC now owns 1,208 shares of the technology company’s stock worth $356,000 after purchasing an additional 39 shares during the period. 58.96% of the stock is owned by institutional investors.

International Business Machines Price Performance

International Business Machines stock opened at $280.95 on Friday. The firm has a market capitalization of $261.12 billion, a P/E ratio of 45.61, a PEG ratio of 4.24 and a beta of 0.73. International Business Machines Corporation has a 1 year low of $203.51 and a 1 year high of $301.04. The business has a 50-day moving average of $261.07 and a 200-day moving average of $261.65. The company has a current ratio of 0.91, a quick ratio of 0.87 and a debt-to-equity ratio of 2.00.

International Business Machines (NYSE:IBM) last posted its earnings results on Wednesday, July 23rd. The technology company reported $2.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.65 by $0.15. The company had revenue of $16.98 billion during the quarter, compared to analyst estimates of $16.58 billion. International Business Machines had a return on equity of 37.62% and a net margin of 9.11%.The company’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same period in the previous year, the company earned $2.43 EPS. International Business Machines has set its FY 2025 guidance at EPS. On average, equities analysts anticipate that International Business Machines Corporation will post 10.78 EPS for the current year.

International Business Machines Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 8th were issued a dividend of $1.68 per share. This represents a $6.72 annualized dividend and a dividend yield of 2.4%. The ex-dividend date was Friday, August 8th. International Business Machines’s payout ratio is 109.09%.

Wall Street Analyst Weigh In

IBM has been the subject of a number of research reports. Royal Bank Of Canada reiterated an “outperform” rating and issued a $315.00 price objective on shares of International Business Machines in a research report on Thursday. Morgan Stanley lifted their price objective on International Business Machines from $253.00 to $256.00 and gave the stock an “equal weight” rating in a research report on Wednesday. Wall Street Zen lowered International Business Machines from a “buy” rating to a “hold” rating in a research report on Saturday. The Goldman Sachs Group lifted their price objective on International Business Machines from $270.00 to $310.00 and gave the stock a “buy” rating in a research report on Wednesday, July 2nd. Finally, Erste Group Bank lowered International Business Machines from a “buy” rating to a “hold” rating in a research report on Thursday, August 14th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $286.38.

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.