Fjarde AP Fonden Fourth Swedish National Pension Fund Has $47.81 Million Holdings in International Business Machines Corporation (NYSE:IBM)

Key Points

• Fjarde AP Fonden Fourth Swedish National Pension Fund reduced its stake in International Business Machines Corporation (IBM) by 26.9%, now holding 192,281 shares valued at approximately $47.81 million.
• IBM reported $2.80 EPS for the last quarter, exceeding analysts' expectations of $2.65, with revenue of $16.98 billion, marking a 7.7% increase year-over-year.
• Currently, 58.96% of IBM's stock is owned by institutional investors, reflecting significant interest from the investment community, including varied price targets from multiple analysts.

Fjarde AP Fonden Fourth Swedish National Pension Fund trimmed its holdings in shares of International Business Machines Corporation (NYSE:IBM - Free Report) by 26.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 192,281 shares of the technology company's stock after selling 70,600 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund's holdings in International Business Machines were worth $47,813,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in IBM. Brighton Jones LLC raised its holdings in International Business Machines by 12.4% during the fourth quarter. Brighton Jones LLC now owns 21,011 shares of the technology company's stock worth $4,619,000 after purchasing an additional 2,323 shares during the last quarter. Cohen & Steers Inc. boosted its stake in International Business Machines by 5.9% during the 4th quarter. Cohen & Steers Inc. now owns 2,207 shares of the technology company's stock valued at $485,000 after purchasing an additional 123 shares in the last quarter. Anchor Investment Management LLC increased its position in shares of International Business Machines by 2.3% in the fourth quarter. Anchor Investment Management LLC now owns 7,982 shares of the technology company's stock worth $1,755,000 after acquiring an additional 183 shares in the last quarter. Acorns Advisers LLC purchased a new stake in shares of International Business Machines during the fourth quarter worth $200,000. Finally, NewEdge Advisors LLC grew its position in shares of International Business Machines by 136.4% in the fourth quarter. NewEdge Advisors LLC now owns 275,024 shares of the technology company's stock valued at $60,458,000 after purchasing an additional 158,670 shares during the last quarter. Hedge funds and other institutional investors own 58.96% of the company's stock.

International Business Machines Price Performance

NYSE IBM traded up $2.64 on Friday, reaching $239.75. 4,339,819 shares of the stock traded hands, compared to its average volume of 6,855,263. International Business Machines Corporation has a 12 month low of $192.86 and a 12 month high of $296.16. The company has a market cap of $222.82 billion, a price-to-earnings ratio of 38.92, a P/E/G ratio of 3.65 and a beta of 0.69. The company has a quick ratio of 0.87, a current ratio of 0.91 and a debt-to-equity ratio of 2.00. The firm's fifty day simple moving average is $273.87 and its 200 day simple moving average is $258.36.

International Business Machines (NYSE:IBM - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The technology company reported $2.80 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.65 by $0.15. International Business Machines had a return on equity of 37.62% and a net margin of 9.11%. The firm had revenue of $16.98 billion during the quarter, compared to the consensus estimate of $16.58 billion. During the same quarter in the prior year, the company earned $2.43 EPS. The business's revenue for the quarter was up 7.7% on a year-over-year basis. As a group, research analysts predict that International Business Machines Corporation will post 10.78 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have commented on IBM shares. Citigroup reiterated an "outperform" rating on shares of International Business Machines in a research report on Saturday, May 10th. The Goldman Sachs Group upped their target price on shares of International Business Machines from $270.00 to $310.00 and gave the stock a "buy" rating in a report on Wednesday, July 2nd. Wedbush lifted their price target on shares of International Business Machines from $300.00 to $325.00 and gave the company an "outperform" rating in a research report on Friday, June 20th. UBS Group boosted their target price on shares of International Business Machines from $195.00 to $200.00 and gave the stock a "sell" rating in a report on Thursday, July 24th. Finally, Wall Street Zen upgraded shares of International Business Machines from a "hold" rating to a "buy" rating in a research note on Saturday, July 26th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average 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.