Lansforsakringar Fondforvaltning AB publ Sells 7,583 Shares of International Business Machines Corporation $IBM

Key Points

• Lansforsakringar Fondforvaltning AB reduced its stake in International Business Machines Corporation (IBM) by 2.5%, selling 7,583 shares and leaving them with a holding valued at $73.9 million.
• Multiple analysts have revised their price targets for IBM, with BMO Capital Markets raising it significantly from $260 to $300, while UBS Group set a lower target of $200 amid a "sell" rating.
• IBM recently reported an earnings per share (EPS) of $2.80 for the quarter, exceeding analyst expectations and showing a 7.7% increase in revenue compared to the previous year.

Lansforsakringar Fondforvaltning AB publ trimmed its holdings in International Business Machines Corporation (NYSE:IBM - Free Report) by 2.5% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 297,192 shares of the technology company's stock after selling 7,583 shares during the period. Lansforsakringar Fondforvaltning AB publ's holdings in International Business Machines were worth $73,900,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of IBM. GAMMA Investing LLC boosted its holdings in shares of International Business Machines by 29,564.2% during the 1st 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 bought a new stake in shares of International Business Machines during the 1st quarter worth $1,040,057,000. Nuveen LLC bought a new stake in shares of International Business Machines during the 1st quarter worth $960,386,000. Castlekeep Investment Advisors LLC bought a new stake in shares of International Business Machines during the 4th quarter worth $302,564,000. Finally, Vanguard Group Inc. boosted its holdings in shares of International Business Machines by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 93,137,767 shares of the technology company's stock worth $23,159,637,000 after buying an additional 1,298,515 shares during the period. 58.96% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms recently issued reports on IBM. Wedbush upped their price objective on shares of International Business Machines from $300.00 to $325.00 and gave the stock an "outperform" rating in a report on Friday, June 20th. UBS Group upped their price objective 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. Citigroup reiterated an "outperform" rating on shares of International Business Machines in a research note on Saturday, May 10th. Bank of America cut their target price on shares of International Business Machines from $320.00 to $310.00 and set a "buy" rating for the company in a research note on Thursday, July 24th. Finally, The Goldman Sachs Group upped their target price on shares of International Business Machines from $270.00 to $310.00 and gave the company a "buy" rating in a research note on Wednesday, July 2nd. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, International Business Machines has an average rating of "Hold" and an average price target of $268.75.

International Business Machines Price Performance

Shares of IBM stock traded down $2.14 during mid-day trading on Friday, reaching $243.59. The company's stock had a trading volume of 2,965,964 shares, compared to its average volume of 5,099,491. International Business Machines Corporation has a 1-year low of $198.27 and a 1-year high of $296.16. The company has a market cap of $226.39 billion, a P/E ratio of 39.54, a PEG ratio of 3.78 and a beta of 0.69. The company has a debt-to-equity ratio of 2.00, a quick ratio of 0.87 and a current ratio of 0.91. The firm's 50-day moving average is $265.72 and its two-hundred day moving average is $257.63.

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 net margin of 9.11% and a return on equity of 37.62%. The company had revenue of $16.98 billion during the quarter, compared to analysts' expectations of $16.58 billion. During the same quarter in the prior year, the company posted $2.43 EPS. The business'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, research analysts predict that International Business Machines Corporation will post 10.78 earnings per share for the current year.

International Business Machines Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Friday, August 8th will be paid a $1.68 dividend. The ex-dividend date is Friday, August 8th. This represents a $6.72 dividend on an annualized basis and a dividend yield of 2.8%. International Business Machines's dividend payout ratio is currently 109.09%.

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.