BI Asset Management Fondsmaeglerselskab A S Sells 97,655 Shares of International Business Machines Corporation $IBM

Key Points

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BI Asset Management Fondsmaeglerselskab A S cut its position in shares of International Business Machines Corporation (NYSE:IBM - Free Report) by 25.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 290,198 shares of the technology company's stock after selling 97,655 shares during the quarter. International Business Machines comprises about 0.8% of BI Asset Management Fondsmaeglerselskab A S's holdings, making the stock its 22nd largest position. BI Asset Management Fondsmaeglerselskab A S's holdings in International Business Machines were worth $72,161,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of IBM. GAMMA Investing LLC increased its position in shares of International Business Machines by 29,564.2% during the first quarter. GAMMA Investing LLC now owns 4,399,790 shares of the technology company's stock worth $10,940,520,000 after buying an additional 4,384,958 shares during the period. GQG Partners LLC acquired a new stake in International Business Machines in the first quarter worth $1,040,057,000. Nuveen LLC acquired a new stake in International Business Machines in the first quarter worth $960,386,000. Northern Trust Corp grew its holdings in International Business Machines by 18.6% in the fourth 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 during the period. Finally, Castlekeep Investment Advisors LLC acquired a new stake in International Business Machines in the fourth quarter worth $302,564,000. 58.96% of the stock is currently owned by institutional investors and hedge funds.

International Business Machines Stock Up 1.0%

Shares of NYSE IBM traded up $2.2890 during mid-day trading on Friday, reaching $241.6890. 2,268,700 shares of the company's stock traded hands, compared to its average volume of 4,721,027. The company has a debt-to-equity ratio of 2.00, a current ratio of 0.91 and a quick ratio of 0.87. The business has a 50-day simple moving average of $270.32 and a 200 day simple moving average of $258.17. International Business Machines Corporation has a 1-year low of $194.39 and a 1-year high of $296.16. The stock has a market cap of $224.63 billion, a P/E ratio of 39.24, a PEG ratio of 3.73 and a beta of 0.69.

International Business Machines (NYSE:IBM - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The technology company reported $2.80 earnings per share for the quarter, beating analysts' consensus estimates of $2.65 by $0.15. International Business Machines had a net margin of 9.11% and a return on equity of 37.62%. The company had revenue of $16.98 billion for the quarter, compared to analyst estimates of $16.58 billion. During the same period last year, the firm earned $2.43 earnings per share. The firm's revenue was up 7.7% on a year-over-year basis. International Business Machines has set its FY 2025 guidance at EPS. On average, analysts expect that International Business Machines Corporation will post 10.78 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have commented on IBM shares. Morgan Stanley reduced their price target on shares of International Business Machines from $237.00 to $233.00 and set an "equal weight" rating for the company in a report on Thursday, April 24th. Stifel Nicolaus raised their price target on shares of International Business Machines from $290.00 to $310.00 and gave the stock a "buy" rating in a report on Wednesday, July 16th. Melius Research upgraded shares of International Business Machines to a "strong-buy" rating in a report on Monday, July 7th. Erste Group Bank cut shares of International Business Machines from a "buy" rating to a "hold" rating in a report on Thursday, August 14th. Finally, Citigroup reiterated an "outperform" rating on shares of International Business Machines in a report on Saturday, May 10th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $268.75.

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.