International Business Machines Corporation $IBM Shares Sold by Swedbank AB

Key Points

• Swedbank AB trimmed its IBM stake by 6.4% in the first quarter, selling 61,108 shares and ending with 889,975 shares valued at about $215.7 million.
• IBM continues to draw bullish analyst attention, with firms like Bank of America, Piper Sandler, and Wedbush raising targets or ratings; the stock’s consensus rating remains “Moderate Buy.”
• The company is showing solid operational momentum, after beating its latest earnings estimates and recently raising its quarterly dividend to $1.69 per share, alongside ongoing optimism around its AI, quantum computing, and enterprise systems initiatives.

Swedbank AB decreased its holdings in International Business Machines Corporation (NYSE:IBM - Free Report) by 6.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 889,975 shares of the technology company's stock after selling 61,108 shares during the quarter. Swedbank AB owned approximately 0.09% of International Business Machines worth $215,721,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of IBM. Family CFO Inc purchased a new position in International Business Machines during the fourth quarter worth approximately $25,000. Basepoint Wealth LLC purchased a new stake in shares of International Business Machines during the 4th quarter valued at $25,000. Portus Wealth Advisors LLC purchased a new stake in shares of International Business Machines during the 1st quarter valued at $26,000. Joseph Group Capital Management acquired a new stake in shares of International Business Machines during the 4th quarter worth $28,000. Finally, Cornerstone Financial Management LLC purchased a new position in shares of International Business Machines in the 4th quarter worth $28,000. Institutional investors and hedge funds own 58.96% of the company's stock.

More International Business Machines News

Here are the key news stories impacting International Business Machines this week:

• Positive Sentiment: Bank of America raised its price target on IBM to $330 and reiterated a buy rating, signaling confidence in near-term earnings and full-year guidance. IBM Stock Jumps as BofA Securities Flags Strong Q2, Potential 2026 Guidance Hike
• Positive Sentiment: IBM and researchers from Oak Ridge National Lab and Cleveland Clinic reported the first-known quantum computer computations of fusion materials, reinforcing IBM’s leadership in quantum computing and advanced research. Oak Ridge National Lab, Cleveland Clinic, and IBM Achieve First-Known Computations of Fusion Materials on a Quantum Computer
• Positive Sentiment: IBM also unveiled compact z17 and LinuxONE systems designed to reduce data-center space and cost constraints, which could support demand from enterprise customers looking for more efficient infrastructure. IBM Launches Compact z17 and LinuxONE Systems to Address Data Center Space and Cost Constraints
• Neutral Sentiment: Jim Cramer highlighted IBM as an attractive “boring AI” stock, adding to the bullish narrative around the company’s AI monetization story. Cramer Says Forget the Data-Center Darlings. This ‘Boring’ AI Stock at 22x Is the Buy.
• Neutral Sentiment: IBM remains a closely watched stock ahead of its July 22 earnings report, where investors will look for confirmation that AI-driven growth is translating into revenue and margin expansion. Dear IBM Stock Fans, Mark Your Calendars for July 22

Wall Street Analyst Weigh In

IBM has been the topic of a number of research analyst reports. Needham & Company LLC began coverage on International Business Machines in a report on Wednesday, June 3rd. They issued a "buy" rating on the stock. Wolfe Research downgraded International Business Machines to a "peer perform" rating in a report on Tuesday, June 23rd. Roth Capital reaffirmed a "buy" rating on shares of International Business Machines in a research note on Wednesday, June 3rd. Piper Sandler upgraded International Business Machines to an "overweight" rating in a report on Tuesday, June 23rd. Finally, Wedbush set a $350.00 target price on shares of International Business Machines in a research report on Tuesday, June 2nd. Sixteen analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $306.47.

International Business Machines Stock Up 3.2%

Shares of IBM stock traded up $9.51 during trading hours on Tuesday, reaching $309.03. The company had a trading volume of 2,890,513 shares, compared to its average volume of 7,249,388. The company has a debt-to-equity ratio of 1.75, a quick ratio of 0.76 and a current ratio of 0.80. International Business Machines Corporation has a twelve month low of $212.34 and a twelve month high of $332.46. The company has a market capitalization of $290.45 billion, a P/E ratio of 27.32, a price-to-earnings-growth ratio of 3.00 and a beta of 0.68. The stock's fifty day simple moving average is $256.99 and its 200 day simple moving average is $266.06.

International Business Machines (NYSE:IBM - Get Free Report) last announced its earnings results on Wednesday, April 22nd. The technology company reported $1.91 EPS for the quarter, beating the consensus estimate of $1.81 by $0.10. The business had revenue of $15.92 billion for the quarter, compared to the consensus estimate of $15.60 billion. International Business Machines had a return on equity of 37.23% and a net margin of 15.61%.The company's revenue was up 9.5% on a year-over-year basis. During the same period last year, the business posted $1.60 EPS. As a group, sell-side analysts expect that International Business Machines Corporation will post 12.4 earnings per share for the current fiscal year.

International Business Machines Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Friday, May 8th were paid a dividend of $1.69 per share. This is an increase from International Business Machines's previous quarterly dividend of $1.68. This represents a $6.76 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date was Friday, May 8th. International Business Machines's payout ratio is 59.77%.

About International Business Machines

International Business Machines Corporation (IBM) is a global technology and consulting company headquartered in Armonk, New York. Founded in 1911 as the Computing-Tabulating-Recording Company (CTR) and renamed IBM in 1924, the company has evolved from early electromechanical machines to a diversified technology provider serving enterprises and governments worldwide. IBM is publicly traded on the New York Stock Exchange under the ticker symbol IBM.

IBM's principal businesses encompass cloud computing and software, infrastructure and systems, consulting and technology services, and research and development.

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