Swiss National Bank Has $648.48 Million Stock Position in International Business Machines Corporation (NYSE:IBM)

Swiss National Bank lifted its position in shares of International Business Machines Corporation (NYSE:IBM - Free Report) by 0.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,607,900 shares of the technology company's stock after purchasing an additional 5,600 shares during the quarter. International Business Machines makes up about 0.5% of Swiss National Bank's investment portfolio, making the stock its 29th largest position. Swiss National Bank owned 0.28% of International Business Machines worth $648,480,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of IBM. Brighton Jones LLC grew its holdings in shares of International Business Machines by 12.4% during the 4th 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 in the last quarter. FIL Ltd grew its holdings in shares of International Business Machines by 7.8% during the 4th quarter. FIL Ltd now owns 2,493 shares of the technology company's stock worth $548,000 after purchasing an additional 180 shares in the last quarter. F M Investments LLC lifted its position in shares of International Business Machines by 7.8% during the 4th quarter. F M Investments LLC now owns 66,784 shares of the technology company's stock worth $14,681,000 after buying an additional 4,846 shares during the period. Colonial Trust Advisors lifted its position in shares of International Business Machines by 21.6% during the 4th quarter. Colonial Trust Advisors now owns 1,035 shares of the technology company's stock worth $228,000 after buying an additional 184 shares during the period. Finally, Legacy Financial Advisors Inc. lifted its position in shares of International Business Machines by 7.3% during the 4th quarter. Legacy Financial Advisors Inc. now owns 7,449 shares of the technology company's stock worth $1,638,000 after buying an additional 510 shares during the period. Institutional investors and hedge funds own 58.96% of the company's stock.

International Business Machines Stock Down 0.9%

NYSE:IBM opened at $249.91 on Friday. International Business Machines Corporation has a 1 year low of $187.00 and a 1 year high of $296.16. The company has a current ratio of 0.91, a quick ratio of 0.87 and a debt-to-equity ratio of 2.00. The stock has a market cap of $232.26 billion, a price-to-earnings ratio of 40.57, a PEG ratio of 3.89 and a beta of 0.69. The stock has a 50-day moving average price of $276.48 and a two-hundred day moving average price of $257.89.

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 (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 analysts' expectations of $16.58 billion. During the same period in the previous year, the firm earned $2.43 earnings per share. The company's revenue was up 7.7% on a year-over-year basis. As a group, equities analysts expect that International Business Machines Corporation will post 10.78 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms recently commented on IBM. KGI Securities set a $242.00 target price on International Business Machines and gave the stock a "hold" rating in a research report on Thursday, April 24th. UBS Group raised their target price on International Business Machines from $195.00 to $200.00 and gave the stock a "sell" rating in a research report on Thursday, July 24th. Citigroup restated an "outperform" rating on shares of International Business Machines in a research report on Saturday, May 10th. BMO Capital Markets raised their target price on International Business Machines from $260.00 to $300.00 and gave the stock a "market perform" rating in a research report on Friday, July 18th. Finally, Royal Bank Of Canada raised their target price on International Business Machines from $285.00 to $315.00 and gave the stock an "outperform" rating in a research report on Thursday, July 17th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, International Business Machines has an average rating of "Moderate Buy" and a consensus target price of $268.75.

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.

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