Nordea Investment Management AB Lowers Holdings in International Business Machines Co. (NYSE:IBM)

Nordea Investment Management AB cut its position in International Business Machines Co. (NYSE:IBMGet Rating) by 80.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 196,106 shares of the technology company’s stock after selling 826,345 shares during the quarter. Nordea Investment Management AB’s holdings in International Business Machines were worth $25,770,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently bought and sold shares of IBM. IFS Advisors LLC purchased a new stake in International Business Machines in the 4th quarter worth approximately $28,000. Total Clarity Wealth Management Inc. lifted its stake in International Business Machines by 537.5% in the 4th quarter. Total Clarity Wealth Management Inc. now owns 255 shares of the technology company’s stock worth $34,000 after purchasing an additional 215 shares in the last quarter. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. bought a new position in shares of International Business Machines in the 4th quarter worth $37,000. Claremont Financial Group Inc. bought a new position in shares of International Business Machines in the 4th quarter worth $38,000. Finally, Consolidated Planning Corp bought a new position in shares of International Business Machines in the 3rd quarter worth $50,000. Institutional investors and hedge funds own 55.22% of the company’s stock.

In other news, major shareholder Business Machine International sold 22,301,536 shares of the firm’s stock in a transaction dated Thursday, May 19th. The shares were sold at an average price of $13.95, for a total value of $311,106,427.20. Following the completion of the sale, the insider now directly owns 22,301,536 shares of the company’s stock, valued at approximately $311,106,427.20. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.04% of the company’s stock.

IBM has been the topic of a number of research analyst reports. Credit Suisse Group increased their price target on shares of International Business Machines from $165.00 to $166.00 and gave the stock an “outperform” rating in a report on Wednesday, April 20th. Morgan Stanley increased their price target on shares of International Business Machines from $150.00 to $157.00 and gave the stock an “overweight” rating in a report on Wednesday, April 20th. Bank of America increased their price target on shares of International Business Machines from $162.00 to $165.00 and gave the stock a “buy” rating in a report on Wednesday, April 20th. Tigress Financial increased their target price on shares of International Business Machines from $133.00 to $139.00 and gave the company a “neutral” rating in a report on Thursday, April 21st. Finally, StockNews.com initiated coverage on shares of International Business Machines in a report on Thursday, March 31st. They set a “buy” rating on the stock. One investment analyst has rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, International Business Machines has an average rating of “Hold” and an average price target of $147.25.

NYSE:IBM opened at $137.08 on Thursday. The company has a 50-day moving average price of $135.37 and a 200-day moving average price of $131.54. International Business Machines Co. has a 12 month low of $114.56 and a 12 month high of $147.50. The company has a current ratio of 0.92, a quick ratio of 0.87 and a debt-to-equity ratio of 2.44. The stock has a market cap of $123.29 billion, a price-to-earnings ratio of 22.47, a P/E/G ratio of 1.51 and a beta of 1.00.

International Business Machines (NYSE:IBMGet Rating) last posted its earnings results on Tuesday, April 19th. The technology company reported $1.40 EPS for the quarter, topping the consensus estimate of $1.34 by $0.06. International Business Machines had a net margin of 8.21% and a return on equity of 42.14%. The firm had revenue of $14.20 billion during the quarter, compared to analysts’ expectations of $13.84 billion. During the same period last year, the company posted $1.77 EPS. The company’s quarterly revenue was up 7.7% compared to the same quarter last year. Equities analysts forecast that International Business Machines Co. will post 9.89 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, June 10th. Stockholders of record on Tuesday, May 10th were given a $1.65 dividend. This represents a $6.60 annualized dividend and a dividend yield of 4.81%. This is a boost from International Business Machines’s previous quarterly dividend of $1.64. The ex-dividend date was Monday, May 9th. International Business Machines’s dividend payout ratio (DPR) is currently 108.20%.

International Business Machines Company Profile (Get Rating)

International Business Machines Corporation provides integrated solutions and services worldwide. The company operates through four business segments: Software, Consulting, Infrastructure, and Financing. The Software segment offers hybrid cloud platform and software solutions, such as Red Hat, an enterprise open-source solutions; software for business automation, AIOps and management, integration, and application servers; data and artificial intelligence solutions; and security software and services for threat, data, and identity.

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Institutional Ownership by Quarter for International Business Machines (NYSE:IBM)

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