Andra AP fonden Sells 3,000 Shares of International Business Machines Co. (NYSE:IBM)

Andra AP fonden reduced its stake in shares of International Business Machines Co. (NYSE:IBM) by 1.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 212,400 shares of the technology company’s stock after selling 3,000 shares during the period. International Business Machines accounts for approximately 0.6% of Andra AP fonden’s portfolio, making the stock its 29th biggest holding. Andra AP fonden’s holdings in International Business Machines were worth $36,735,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in IBM. Gilbert & Cook Inc. boosted its holdings in International Business Machines by 2.7% during the fourth quarter. Gilbert & Cook Inc. now owns 3,892 shares of the technology company’s stock valued at $637,000 after acquiring an additional 101 shares during the period. Aveo Capital Partners LLC raised its holdings in International Business Machines by 3.6% in the 4th quarter. Aveo Capital Partners LLC now owns 3,101 shares of the technology company’s stock valued at $507,000 after acquiring an additional 109 shares in the last quarter. Gryphon Financial Partners LLC lifted its position in International Business Machines by 6.5% in the fourth quarter. Gryphon Financial Partners LLC now owns 2,394 shares of the technology company’s stock worth $386,000 after purchasing an additional 147 shares during the period. Versor Investments LP bought a new position in shares of International Business Machines during the 4th quarter worth about $247,000. Finally, AGF Management Ltd. lifted its position in shares of International Business Machines by 3.7% during the 4th quarter. AGF Management Ltd. now owns 23,317 shares of the technology company’s stock worth $3,813,000 after buying an additional 826 shares during the period. Institutional investors and hedge funds own 58.96% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on IBM. StockNews.com raised International Business Machines from a “hold” rating to a “buy” rating in a report on Wednesday, June 19th. Jefferies Financial Group upped their price target on shares of International Business Machines from $190.00 to $200.00 and gave the stock a “hold” rating in a research report on Thursday, July 25th. Royal Bank of Canada raised their price objective on shares of International Business Machines from $200.00 to $211.00 and gave the company an “outperform” rating in a research report on Thursday, July 25th. The Goldman Sachs Group initiated 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. Finally, Hsbc Global Res upgraded International Business Machines to a “moderate sell” rating in a research report on Friday, July 26th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $185.93.

International Business Machines Price Performance

Shares of IBM opened at $203.53 on Tuesday. The company has a debt-to-equity ratio of 2.20, a quick ratio of 1.08 and a current ratio of 1.12. International Business Machines Co. has a 52-week low of $135.87 and a 52-week high of $205.95. The business’s 50 day moving average price is $190.09 and its two-hundred day moving average price is $182.66. The firm has a market cap of $187.48 billion, a PE ratio of 23.05, a price-to-earnings-growth ratio of 4.47 and a beta of 0.70.

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 the consensus estimate of $2.16 by $0.27. International Business Machines had a net margin of 13.52% and a return on equity of 40.59%. The firm had revenue of $15.77 billion for the quarter, compared to the consensus estimate of $15.62 billion. During the same quarter in the prior year, the company posted $2.18 earnings per share. The business’s revenue was up 1.9% on a year-over-year basis. On average, equities analysts anticipate that International Business Machines Co. will post 10.1 EPS for the current year.

International Business Machines Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Friday, August 9th will be issued a $1.67 dividend. The ex-dividend date is Friday, August 9th. This represents a $6.68 dividend on an annualized basis and a dividend yield of 3.28%. International Business Machines’s dividend payout ratio is presently 75.65%.

International Business Machines Company 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.