Nationale Nederlanden Powszechne Towarzystwo Emerytalne S.A. Takes Position in International Business Machines Corporation (NYSE:IBM)

Nationale Nederlanden Powszechne Towarzystwo Emerytalne S.A. acquired a new position in International Business Machines Corporation (NYSE:IBM - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 18,533 shares of the technology company's stock, valued at approximately $4,608,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of IBM. Geode Capital Management LLC increased its holdings in International Business Machines by 2.1% during the 4th quarter. Geode Capital Management LLC now owns 20,909,646 shares of the technology company's stock valued at $4,589,145,000 after acquiring an additional 427,499 shares in the last quarter. Capital World Investors grew its position in shares of International Business Machines by 413.5% in the fourth quarter. Capital World Investors now owns 11,984,609 shares of the technology company's stock valued at $2,634,577,000 after purchasing an additional 9,650,534 shares during the last quarter. Northern Trust Corp increased its stake in shares of International Business Machines by 18.6% during the 4th quarter. Northern Trust Corp now owns 10,845,993 shares of the technology company's stock worth $2,384,275,000 after purchasing an additional 1,704,209 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of International Business Machines by 9.8% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,112,092 shares of the technology company's stock worth $1,783,281,000 after purchasing an additional 722,582 shares during the last quarter. Finally, Norges Bank purchased a new stake in International Business Machines in the 4th quarter valued at approximately $1,236,176,000. Institutional investors and hedge funds own 58.96% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on IBM shares. Wall Street Zen cut International Business Machines from a "buy" rating to a "hold" rating in a report on Wednesday, May 21st. Morgan Stanley decreased their price target on International Business Machines from $237.00 to $233.00 and set an "equal weight" rating on the stock in a research note on Thursday, April 24th. Melius Research raised shares of International Business Machines to a "strong-buy" rating in a research note on Monday, July 7th. Bank of America raised their target price on shares of International Business Machines from $290.00 to $320.00 and gave the stock a "buy" rating in a research report on Wednesday, June 18th. Finally, UBS Group reaffirmed a "sell" rating and set a $195.00 price target (up previously from $170.00) on shares of International Business Machines in a research report on Wednesday, July 9th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, International Business Machines presently has an average rating of "Moderate Buy" and a consensus target price of $266.19.

International Business Machines Stock Down 0.9%

Shares of IBM stock traded down $2.67 during trading hours on Tuesday, hitting $282.05. 4,822,966 shares of the company were exchanged, compared to its average volume of 4,236,715. The company has a debt-to-equity ratio of 2.09, a quick ratio of 0.97 and a current ratio of 1.01. The stock has a market capitalization of $262.13 billion, a price-to-earnings ratio of 48.54, a P/E/G ratio of 5.98 and a beta of 0.69. International Business Machines Corporation has a one year low of $181.81 and a one year high of $296.16. The business's 50-day simple moving average is $276.39 and its two-hundred day simple moving average is $254.50.

International Business Machines (NYSE:IBM - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The technology company reported $1.60 earnings per share for the quarter, topping analysts' consensus estimates of $1.42 by $0.18. International Business Machines had a net margin of 8.71% and a return on equity of 37.43%. The company had revenue of $14.54 billion for the quarter, compared to analysts' expectations of $14.41 billion. During the same period in the prior year, the company earned $1.68 earnings per share. The firm's revenue was up .5% compared to the same quarter last year. Sell-side analysts predict that International Business Machines Corporation will post 10.78 EPS for the current fiscal year.

International Business Machines Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Friday, May 9th were issued a dividend of $1.68 per share. This represents a $6.72 dividend on an annualized basis and a dividend yield of 2.38%. This is a boost from International Business Machines's previous quarterly dividend of $1.67. International Business Machines's payout ratio is 115.66%.

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.