Swedbank AB Reduces Position in International Business Machines Co. (NYSE:IBM)

Swedbank AB decreased its position in International Business Machines Co. (NYSE:IBM) by 0.7% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,054,083 shares of the technology company’s stock after selling 7,346 shares during the period. Swedbank AB owned approximately 0.11% of International Business Machines worth $182,304,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Auxano Advisors LLC lifted its position in International Business Machines by 4.8% during the fourth quarter. Auxano Advisors LLC now owns 3,398 shares of the technology company’s stock valued at $556,000 after purchasing an additional 156 shares during the period. West Family Investments Inc. lifted its holdings in shares of International Business Machines by 7.6% in the 4th quarter. West Family Investments Inc. now owns 2,736 shares of the technology company’s stock valued at $447,000 after buying an additional 194 shares during the period. Mosley Wealth Management purchased a new stake in shares of International Business Machines in the fourth quarter worth about $312,000. Hodges Capital Management Inc. grew its holdings in International Business Machines by 60.8% during the first quarter. Hodges Capital Management Inc. now owns 20,535 shares of the technology company’s stock worth $3,921,000 after acquiring an additional 7,768 shares during the period. Finally, Burns J W & Co. Inc. NY lifted its holdings in International Business Machines by 10.8% in the first quarter. Burns J W & Co. Inc. NY now owns 2,571 shares of the technology company’s stock valued at $491,000 after acquiring an additional 250 shares during the period. Institutional investors and hedge funds own 58.96% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. Morgan Stanley dropped their price objective on shares of International Business Machines from $186.00 to $179.00 and set an “equal weight” rating on the stock in a research note on Friday, April 26th. The Goldman Sachs Group began coverage on shares of International Business Machines in a research report on Monday, June 24th. They issued a “buy” rating and a $200.00 price objective for the company. StockNews.com upgraded International Business Machines from a “hold” rating to a “buy” rating in a research report on Wednesday, June 19th. Wedbush upped their price target on International Business Machines from $140.00 to $160.00 and gave the stock a “neutral” rating in a report on Thursday, April 25th. Finally, Hsbc Global Res raised International Business Machines to a “moderate sell” rating in a report on Friday, July 26th. Three analysts have rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, International Business Machines has an average rating of “Hold” and a consensus price target of $184.93.

International Business Machines Price Performance

IBM traded down $0.27 during trading on Friday, reaching $193.68. The company’s stock had a trading volume of 2,494,361 shares, compared to its average volume of 4,344,165. The company has a market cap of $177.92 billion, a price-to-earnings ratio of 21.96, a PEG ratio of 4.24 and a beta of 0.71. The firm has a fifty day simple moving average of $180.66 and a two-hundred day simple moving average of $181.03. International Business Machines Co. has a 1 year low of $135.87 and a 1 year high of $199.18. The company has a quick ratio of 1.08, a current ratio of 1.12 and a debt-to-equity ratio of 2.20.

International Business Machines (NYSE:IBM) last released its quarterly earnings data on Wednesday, July 24th. The technology company reported $2.43 earnings per share for the quarter, topping analysts’ consensus estimates of $2.16 by $0.27. The company had revenue of $15.77 billion for the quarter, compared to analyst estimates of $15.62 billion. International Business Machines had a return on equity of 40.59% and a net margin of 13.52%. The firm’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.18 earnings per share. As a group, analysts anticipate that International Business Machines Co. will post 10.06 EPS for the current year.

International Business Machines Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Friday, August 9th will be given a dividend of $1.67 per share. This represents a $6.68 annualized dividend and a yield of 3.45%. The ex-dividend date of this dividend is Friday, August 9th. International Business Machines’s payout ratio is currently 75.65%.

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.