Handelsbanken Fonder AB Boosts Holdings in International Business Machines Co. (NYSE:IBM)

Handelsbanken Fonder AB increased its position in International Business Machines Co. (NYSE:IBM) by 2.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 312,635 shares of the technology company’s stock after purchasing an additional 6,377 shares during the quarter. Handelsbanken Fonder AB’s holdings in International Business Machines were worth $69,117,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in IBM. First International Bank & Trust acquired a new stake in shares of International Business Machines during the third quarter valued at about $251,000. Silverberg Bernstein Capital Management LLC lifted its stake in shares of International Business Machines by 21.3% in the third quarter. Silverberg Bernstein Capital Management LLC now owns 12,700 shares of the technology company’s stock worth $2,808,000 after acquiring an additional 2,230 shares in the last quarter. Burns J W & Co. Inc. NY boosted its holdings in International Business Machines by 19.4% in the third quarter. Burns J W & Co. Inc. NY now owns 3,071 shares of the technology company’s stock valued at $679,000 after purchasing an additional 500 shares during the last quarter. Quent Capital LLC grew its stake in International Business Machines by 4.1% during the 3rd quarter. Quent Capital LLC now owns 4,278 shares of the technology company’s stock valued at $946,000 after purchasing an additional 168 shares in the last quarter. Finally, Central Valley Advisors LLC purchased a new stake in International Business Machines during the 3rd quarter worth approximately $394,000. 58.96% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have recently commented on IBM. The Goldman Sachs Group increased their target price on International Business Machines from $220.00 to $250.00 and gave the company a “buy” rating in a research note on Monday, September 30th. StockNews.com upgraded shares of International Business Machines from a “hold” rating to a “buy” rating in a research note on Wednesday, June 19th. Evercore ISI boosted their target price on shares of International Business Machines from $215.00 to $240.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 11th. Hsbc Global Res upgraded shares of International Business Machines to a “moderate sell” rating in a research note on Friday, July 26th. Finally, Bernstein Bank lifted their price target on International Business Machines from $185.00 to $210.00 and gave the stock a “market perform” rating in a research note on Thursday. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, International Business Machines currently has an average rating of “Hold” and a consensus price target of $194.35.

International Business Machines Stock Performance

Shares of IBM traded up $3.28 during midday trading on Friday, hitting $226.00. 3,554,328 shares of the stock traded hands, compared to its average volume of 4,222,131. The company has a debt-to-equity ratio of 2.20, a quick ratio of 1.08 and a current ratio of 1.12. International Business Machines Co. has a 1-year low of $135.87 and a 1-year high of $226.08. The business’s 50 day moving average price is $203.61 and its two-hundred day moving average price is $186.23. The firm has a market capitalization of $207.60 billion, a PE ratio of 25.59, a price-to-earnings-growth ratio of 4.90 and a beta of 0.70.

International Business Machines (NYSE:IBM) last posted its earnings results on Wednesday, July 24th. The technology company reported $2.43 EPS for the quarter, topping the consensus estimate of $2.16 by $0.27. The firm had revenue of $15.77 billion during the quarter, compared to analysts’ expectations of $15.62 billion. International Business Machines had a net margin of 13.52% and a return on equity of 40.59%. International Business Machines’s quarterly revenue was up 1.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.18 EPS. Equities research analysts predict that International Business Machines Co. will post 10.1 EPS for the current fiscal year.

International Business Machines Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Friday, August 9th were issued a $1.67 dividend. This represents a $6.68 annualized dividend and a dividend yield of 2.96%. The ex-dividend date was Friday, August 9th. International Business Machines’s dividend payout ratio (DPR) is presently 75.65%.

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.