Andra AP fonden Sells 16,200 Shares of International Business Machines Corporation $IBM

Andra AP fonden lessened its position in International Business Machines Corporation (NYSE:IBM) by 12.7% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 111,500 shares of the technology company’s stock after selling 16,200 shares during the period. Andra AP fonden’s holdings in International Business Machines were worth $32,868,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Brighton Jones LLC grew its stake in International Business Machines by 12.4% in the fourth quarter. Brighton Jones LLC now owns 21,011 shares of the technology company’s stock valued at $4,619,000 after acquiring an additional 2,323 shares during the period. Brown Advisory Inc. lifted its holdings in shares of International Business Machines by 1.4% during the 1st quarter. Brown Advisory Inc. now owns 266,145 shares of the technology company’s stock valued at $66,180,000 after purchasing an additional 3,757 shares in the last quarter. Stratos Investment Management LLC grew its position in shares of International Business Machines by 5.5% in the 1st quarter. Stratos Investment Management LLC now owns 2,249 shares of the technology company’s stock valued at $559,000 after purchasing an additional 117 shares during the period. Linden Thomas Advisory Services LLC increased its stake in International Business Machines by 8.7% during the 1st quarter. Linden Thomas Advisory Services LLC now owns 4,411 shares of the technology company’s stock worth $1,097,000 after purchasing an additional 353 shares in the last quarter. Finally, Cornerstone Planning Group LLC raised its holdings in International Business Machines by 8.9% during the 1st quarter. Cornerstone Planning Group LLC now owns 1,177 shares of the technology company’s stock worth $289,000 after buying an additional 96 shares during the period. 58.96% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Weiss Ratings upgraded shares of International Business Machines from a “hold (c+)” rating to a “buy (b)” rating in a report on Saturday, October 25th. Bank of America boosted their price objective 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, October 23rd. UBS Group increased their target price on International Business Machines from $200.00 to $210.00 and gave the stock a “sell” rating in a report on Thursday, October 23rd. JPMorgan Chase & Co. boosted their price target on International Business Machines from $244.00 to $290.00 and gave the company a “neutral” rating in a report on Thursday, July 24th. Finally, Royal Bank Of Canada reduced their price objective on International Business Machines from $315.00 to $300.00 and set an “outperform” rating for the company in a research report on Thursday, October 23rd. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $288.00.

International Business Machines Price Performance

NYSE:IBM opened at $306.91 on Thursday. International Business Machines Corporation has a 52-week low of $204.07 and a 52-week high of $319.35. The company has a market cap of $286.88 billion, a P/E ratio of 36.71, a P/E/G ratio of 4.33 and a beta of 0.73. The company has a debt-to-equity ratio of 1.97, a quick ratio of 0.89 and a current ratio of 0.93. The stock’s 50-day simple moving average is $276.85 and its 200 day simple moving average is $268.03.

International Business Machines (NYSE:IBM) last posted its quarterly earnings results on Wednesday, October 22nd. The technology company reported $2.65 earnings per share for the quarter, beating analysts’ consensus estimates of $2.45 by $0.20. The firm had revenue of $16.33 billion during the quarter, compared to the consensus estimate of $16.10 billion. International Business Machines had a return on equity of 37.76% and a net margin of 12.09%.The business’s revenue was up 9.1% compared to the same quarter last year. During the same period last year, the company earned $2.30 earnings per share. International Business Machines has set its FY 2025 guidance at EPS. As a group, sell-side analysts forecast that International Business Machines Corporation will post 10.78 EPS for the current fiscal year.

International Business Machines Dividend Announcement

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

International Business Machines Profile

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.