International Business Machines Corporation (IBM) Position Raised by Xact Kapitalforvaltning AB

Xact Kapitalforvaltning AB boosted its position in shares of International Business Machines Corporation (NYSE:IBM) by 0.4% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 141,940 shares of the technology company’s stock after buying an additional 533 shares during the quarter. International Business Machines Corporation makes up about 0.7% of Xact Kapitalforvaltning AB’s holdings, making the stock its 29th biggest holding. Xact Kapitalforvaltning AB’s holdings in International Business Machines Corporation were worth $21,835,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. Robinson Value Management Ltd. raised its holdings in International Business Machines Corporation by 3.6% during the 2nd quarter. Robinson Value Management Ltd. now owns 25,511 shares of the technology company’s stock valued at $3,924,000 after buying an additional 895 shares during the last quarter. American National Bank raised its holdings in International Business Machines Corporation by 7.0% during the 2nd quarter. American National Bank now owns 1,510 shares of the technology company’s stock valued at $232,000 after buying an additional 99 shares during the last quarter. DnB Asset Management AS raised its holdings in International Business Machines Corporation by 269.6% during the 2nd quarter. DnB Asset Management AS now owns 352,944 shares of the technology company’s stock valued at $54,293,000 after buying an additional 257,462 shares during the last quarter. Park National Corp OH raised its holdings in International Business Machines Corporation by 5.0% during the 2nd quarter. Park National Corp OH now owns 216,784 shares of the technology company’s stock valued at $33,348,000 after buying an additional 10,230 shares during the last quarter. Finally, Laurel Wealth Advisors Inc. raised its holdings in International Business Machines Corporation by 81.6% during the 1st quarter. Laurel Wealth Advisors Inc. now owns 10,545 shares of the technology company’s stock valued at $1,836,000 after buying an additional 4,739 shares during the last quarter. Institutional investors own 57.94% of the company’s stock.

IBM has been the subject of a number of recent analyst reports. Vetr upgraded shares of International Business Machines Corporation from a “sell” rating to a “hold” rating and set a $147.02 price target for the company in a report on Wednesday, June 7th. Credit Suisse Group reiterated an “underperform” rating and set a $110.00 price target (down from $125.00) on shares of International Business Machines Corporation in a report on Monday, July 17th. UBS AG reiterated a “neutral” rating and set a $159.00 price target (down from $167.00) on shares of International Business Machines Corporation in a report on Saturday, July 22nd. Stifel Nicolaus reiterated a “buy” rating and set a $182.00 price target on shares of International Business Machines Corporation in a report on Friday, June 9th. Finally, Royal Bank Of Canada reiterated a “hold” rating and set a $180.00 price target on shares of International Business Machines Corporation in a report on Tuesday, May 23rd. Seven analysts have rated the stock with a sell rating, eighteen have given a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $157.12.

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Shares of International Business Machines Corporation (NYSE IBM) traded down 0.49% during mid-day trading on Friday, hitting $144.82. 7,397,233 shares of the stock were exchanged. International Business Machines Corporation has a 12 month low of $139.13 and a 12 month high of $182.79. The stock’s 50 day moving average is $143.19 and its 200-day moving average is $156.45. The stock has a market cap of $134.96 billion, a PE ratio of 12.02 and a beta of 0.97.

International Business Machines Corporation (NYSE:IBM) last posted its quarterly earnings data on Tuesday, July 18th. The technology company reported $2.97 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.74 by $0.23. International Business Machines Corporation had a net margin of 14.58% and a return on equity of 71.53%. The firm had revenue of $19.29 billion for the quarter, compared to the consensus estimate of $19.45 billion. During the same quarter in the prior year, the company posted $2.95 earnings per share. The company’s revenue for the quarter was down 4.7% compared to the same quarter last year. On average, analysts anticipate that International Business Machines Corporation will post $13.76 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Saturday, September 9th. Stockholders of record on Thursday, August 10th were issued a dividend of $1.50 per share. The ex-dividend date of this dividend was Tuesday, August 8th. This represents a $6.00 annualized dividend and a dividend yield of 4.14%. International Business Machines Corporation’s dividend payout ratio (DPR) is currently 49.88%.

About International Business Machines Corporation

International Business Machines Corporation (IBM) is a technology company. The Company operates through five segments: Cognitive Solutions, Global Business Services (GBS), Technology Services & Cloud Platforms, Systems and Global Financing. The Cognitive Solutions segment delivers a spectrum of capabilities, from descriptive, predictive and prescriptive analytics to cognitive systems.

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

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