Lansforsakringar Fondforvaltning AB publ Boosts Stock Position in International Business Machines Corporation $IBM

Lansforsakringar Fondforvaltning AB publ grew its holdings in shares of International Business Machines Corporation (NYSE:IBM) by 1.9% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 290,836 shares of the technology company’s stock after buying an additional 5,475 shares during the period. Lansforsakringar Fondforvaltning AB publ’s holdings in International Business Machines were worth $82,062,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also made changes to their positions in the business. Winnow Wealth LLC acquired a new position in International Business Machines in the second quarter valued at approximately $27,000. Mountain Hill Investment Partners Corp. purchased a new stake in shares of International Business Machines during the 3rd quarter worth approximately $28,000. Trifecta Capital Advisors LLC lifted its position in shares of International Business Machines by 129.1% during the 3rd quarter. Trifecta Capital Advisors LLC now owns 126 shares of the technology company’s stock worth $36,000 after buying an additional 71 shares during the last quarter. Legacy Wealth Managment LLC ID boosted its holdings in shares of International Business Machines by 48.5% in the 2nd quarter. Legacy Wealth Managment LLC ID now owns 147 shares of the technology company’s stock valued at $43,000 after buying an additional 48 shares in the last quarter. Finally, Davis Capital Management purchased a new position in shares of International Business Machines in the 3rd quarter valued at $54,000. Hedge funds and other institutional investors own 58.96% of the company’s stock.

International Business Machines Stock Up 0.4%

International Business Machines stock opened at $257.20 on Friday. The stock has a 50 day moving average of $294.08 and a two-hundred day moving average of $284.23. International Business Machines Corporation has a twelve month low of $214.50 and a twelve month high of $324.90. The stock has a market capitalization of $240.41 billion, a price-to-earnings ratio of 23.07, a PEG ratio of 2.58 and a beta of 0.69. The company has a current ratio of 0.96, a quick ratio of 0.92 and a debt-to-equity ratio of 1.67.

International Business Machines (NYSE:IBM) last released its quarterly earnings results on Wednesday, January 28th. The technology company reported $4.52 EPS for the quarter, topping the consensus estimate of $4.33 by $0.19. International Business Machines had a return on equity of 38.15% and a net margin of 15.69%.The business had revenue of $19.69 billion during the quarter, compared to analysts’ expectations of $19.23 billion. During the same quarter in the prior year, the business earned $3.92 earnings per share. The company’s quarterly revenue was up 12.2% compared to the same quarter last year. As a group, research analysts expect that International Business Machines Corporation will post 10.78 earnings per share for the current year.

International Business Machines Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 10th. Shareholders of record on Tuesday, February 10th will be issued a $1.68 dividend. This represents a $6.72 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend is Tuesday, February 10th. International Business Machines’s payout ratio is currently 60.27%.

Analyst Ratings Changes

A number of brokerages recently weighed in on IBM. Oppenheimer set a $380.00 price target on shares of International Business Machines and gave the company an “outperform” rating in a research report on Thursday, January 29th. JPMorgan Chase & Co. boosted their target price on International Business Machines from $312.00 to $317.00 and gave the company a “neutral” rating in a report on Thursday, January 29th. Morgan Stanley set a $304.00 price target on International Business Machines in a research note on Thursday, January 29th. Dbs Bank upgraded International Business Machines from a “hold” rating to a “moderate buy” rating in a research note on Monday, January 19th. Finally, Erste Group Bank lowered shares of International Business Machines from a “buy” rating to a “hold” rating in a research report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $330.07.

Insider Transactions at International Business Machines

In other news, Director David N. Farr bought 1,000 shares of the stock in a transaction on Friday, January 30th. The shares were bought at an average price of $304.00 per share, with a total value of $304,000.00. Following the completion of the acquisition, the director owned 9,258 shares of the company’s stock, valued at approximately $2,814,432. This trade represents a 12.11% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.18% of the company’s stock.

International Business Machines Company Profile

International Business Machines Corporation (IBM) is a global technology and consulting company headquartered in Armonk, New York. Founded in 1911 as the Computing-Tabulating-Recording Company (CTR) and renamed IBM in 1924, the company has evolved from early electromechanical machines to a diversified technology provider serving enterprises and governments worldwide. IBM is publicly traded on the New York Stock Exchange under the ticker symbol IBM.

IBM’s principal businesses encompass cloud computing and software, infrastructure and systems, consulting and technology services, and research and development.