Swedbank AB Sells 23,822 Shares of International Business Machines Corporation $IBM

Key Points

• Swedbank AB has reduced its stake in International Business Machines Corporation (IBM) by 2.4%, now holding 976,894 shares valued at approximately $242.9 million after selling 23,822 shares.
• IBM's recent quarterly earnings exceeded estimates, reporting $2.80 earnings per share and $16.98 billion in revenue, marking a year-over-year revenue increase of 7.7%.
• The company declared a quarterly dividend of $1.68 per share with a dividend yield of 2.6%, although the dividend payout ratio is at 109.09%.

Swedbank AB lessened its position in shares of International Business Machines Corporation (NYSE:IBM - Free Report) by 2.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 976,894 shares of the technology company's stock after selling 23,822 shares during the period. Swedbank AB owned approximately 0.11% of International Business Machines worth $242,914,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Howe & Rusling Inc. boosted its stake in shares of International Business Machines by 7.7% in the 1st quarter. Howe & Rusling Inc. now owns 3,390 shares of the technology company's stock valued at $843,000 after purchasing an additional 243 shares in the last quarter. Compass Financial Services Inc boosted its position in International Business Machines by 41.5% during the 1st quarter. Compass Financial Services Inc now owns 167 shares of the technology company's stock valued at $42,000 after buying an additional 49 shares during the period. CBIZ Investment Advisory Services LLC boosted its position in International Business Machines by 51.9% during the 1st quarter. CBIZ Investment Advisory Services LLC now owns 313 shares of the technology company's stock valued at $78,000 after buying an additional 107 shares during the period. Modern Wealth Management LLC boosted its position in International Business Machines by 17.8% during the 1st quarter. Modern Wealth Management LLC now owns 17,477 shares of the technology company's stock valued at $4,346,000 after buying an additional 2,640 shares during the period. Finally, Parkshore Wealth Management Inc. purchased a new stake in International Business Machines during the 1st quarter valued at $223,000. Hedge funds and other institutional investors own 58.96% of the company's stock.

International Business Machines Trading Up 0.1%

Shares of IBM opened at $257.01 on Friday. The company's fifty day moving average is $258.35 and its 200 day moving average is $256.95. International Business Machines Corporation has a fifty-two week low of $203.51 and a fifty-two week high of $296.16. The stock has a market capitalization of $238.87 billion, a PE ratio of 41.72, a P/E/G ratio of 3.96 and a beta of 0.71. The company has a debt-to-equity ratio of 2.00, a quick ratio of 0.87 and a current ratio of 0.91.

International Business Machines (NYSE:IBM - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The technology company reported $2.80 earnings per share for the quarter, topping the consensus estimate of $2.65 by $0.15. The company 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%. International Business Machines's quarterly revenue was up 7.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.43 earnings per share. International Business Machines has set its FY 2025 guidance at EPS. Sell-side analysts expect that International Business Machines Corporation will post 10.78 earnings per share for the current fiscal year.

International Business Machines Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 8th were given a dividend of $1.68 per share. This represents a $6.72 annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend was Friday, August 8th. International Business Machines's dividend payout ratio is presently 109.09%.

Analyst Ratings Changes

IBM has been the subject of several research reports. Wall Street Zen upgraded shares of International Business Machines from a "hold" rating to a "buy" rating in a report on Saturday, July 26th. UBS Group increased their price target on shares of International Business Machines from $195.00 to $200.00 and gave the stock a "sell" rating in a research note on Thursday, July 24th. Bank of America decreased their price target 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. JPMorgan Chase & Co. increased their price target on shares of International Business Machines from $244.00 to $290.00 and gave the stock a "neutral" rating in a research note on Thursday, July 24th. Finally, Erste Group Bank lowered shares of International Business Machines from a "buy" rating to a "hold" rating in a research note on Thursday, August 14th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, International Business Machines has an average rating of "Hold" and an average target price of $270.67.

About International Business Machines

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.

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