Swedbank AB Has $288.33 Million Stake in International Business Machines Corporation $IBM

Key Points

• Swedbank AB increased its stake in International Business Machines Corporation (IBM) by 0.1%, owning approximately 0.11% of the company valued at $288.3 million after acquiring an additional 1,227 shares in the second quarter.
• IBM's recent stock ratings indicate a strong bullish sentiment, with several brokerages upgrading their price targets; Goldman Sachs raised its target from $270 to $310, reflecting optimism about the company's growth potential.
• The company reported a quarterly earnings surprise with EPS of $2.80, beating expectations of $2.65, and a year-over-year revenue increase of 7.7% to $16.98 billion.

Swedbank AB raised its stake in International Business Machines Corporation (NYSE:IBM - Free Report) by 0.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 978,121 shares of the technology company's stock after acquiring an additional 1,227 shares during the quarter. Swedbank AB owned about 0.11% of International Business Machines worth $288,331,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. MinichMacGregor Wealth Management LLC bought a new position in International Business Machines in the 1st quarter valued at about $396,000. Brooklyn Investment Group raised its holdings in International Business Machines by 32.7% in the 1st quarter. Brooklyn Investment Group now owns 6,622 shares of the technology company's stock valued at $1,647,000 after acquiring an additional 1,630 shares during the period. Edgar Lomax Co. VA raised its holdings in International Business Machines by 5.7% in the 1st quarter. Edgar Lomax Co. VA now owns 235,967 shares of the technology company's stock valued at $58,676,000 after acquiring an additional 12,690 shares during the period. Left Brain Wealth Management LLC increased its holdings in shares of International Business Machines by 1,547.8% during the first quarter. Left Brain Wealth Management LLC now owns 17,664 shares of the technology company's stock worth $4,392,000 after purchasing an additional 16,592 shares during the period. Finally, Alpha Cubed Investments LLC increased its holdings in shares of International Business Machines by 47.0% during the first quarter. Alpha Cubed Investments LLC now owns 7,507 shares of the technology company's stock worth $1,867,000 after purchasing an additional 2,399 shares during the period. 58.96% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

IBM has been the topic of several recent research reports. Erste Group Bank cut shares of International Business Machines from a "buy" rating to a "hold" rating in a report on Thursday, August 14th. Bank of America lowered their target price on shares of International Business Machines from $320.00 to $310.00 and set a "buy" rating on the stock in a report on Thursday, July 24th. Wall Street Zen raised shares of International Business Machines from a "hold" rating to a "buy" rating in a report on Saturday, July 26th. Stifel Nicolaus lifted their price objective on shares of International Business Machines from $290.00 to $310.00 and gave the company a "buy" rating in a research note on Wednesday, July 16th. Finally, BMO Capital Markets lifted their price objective on shares of International Business Machines from $260.00 to $300.00 and gave the company a "market perform" rating in a research note on Friday, July 18th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $275.00.

International Business Machines Price Performance

Shares of NYSE IBM traded up $6.01 during midday trading on Thursday, reaching $265.09. 4,983,372 shares of the company were exchanged, compared to its average volume of 3,692,397. The stock's 50-day moving average price is $255.14 and its 200-day moving average price is $257.11. The stock has a market cap of $246.38 billion, a P/E ratio of 43.03, a PEG ratio of 3.99 and a beta of 0.71. International Business Machines Corporation has a one year low of $203.51 and a one year high of $296.16. The company has a quick ratio of 0.87, a current ratio of 0.91 and a debt-to-equity ratio of 2.00.

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

International Business Machines Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 8th were issued a dividend of $1.68 per share. This represents a $6.72 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date was Friday, August 8th. International Business Machines's payout ratio is 109.09%.

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.