BI Asset Management Fondsmaeglerselskab A S Has $85.26 Million Holdings in International Business Machines Co. (NYSE:IBM)

BI Asset Management Fondsmaeglerselskab A S lifted its stake in shares of International Business Machines Co. (NYSE:IBM - Free Report) by 86.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 387,853 shares of the technology company's stock after acquiring an additional 180,368 shares during the quarter. International Business Machines comprises approximately 0.9% of BI Asset Management Fondsmaeglerselskab A S's holdings, making the stock its 18th largest position. BI Asset Management Fondsmaeglerselskab A S's holdings in International Business Machines were worth $85,262,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in IBM. Treasurer of the State of North Carolina lifted its stake in shares of International Business Machines by 0.8% in the fourth quarter. Treasurer of the State of North Carolina now owns 495,574 shares of the technology company's stock valued at $108,942,000 after buying an additional 4,131 shares during the period. Blue Zone Wealth Advisors LLC bought a new position in shares of International Business Machines during the 4th quarter worth approximately $242,000. Brady Martz Wealth Solutions LLC acquired a new stake in International Business Machines in the 4th quarter valued at $1,940,000. Tranquilli Financial Advisor LLC bought a new stake in International Business Machines in the fourth quarter valued at $373,000. Finally, Truist Financial Corp raised its stake in International Business Machines by 6.5% during the fourth quarter. Truist Financial Corp now owns 811,062 shares of the technology company's stock worth $178,296,000 after acquiring an additional 49,591 shares in the last quarter. 58.96% of the stock is currently owned by institutional investors and hedge funds.

International Business Machines Stock Up 1.3 %

IBM stock traded up $3.23 during mid-day trading on Wednesday, hitting $244.13. 3,212,522 shares of the company were exchanged, compared to its average volume of 4,235,898. The firm has a market cap of $226.37 billion, a P/E ratio of 38.09, a P/E/G ratio of 5.81 and a beta of 0.67. International Business Machines Co. has a 1-year low of $162.62 and a 1-year high of $266.45. The company has a debt-to-equity ratio of 1.82, a quick ratio of 1.00 and a current ratio of 1.04. The firm's 50 day simple moving average is $246.87 and its 200 day simple moving average is $233.79.

International Business Machines (NYSE:IBM - Get Free Report) last announced its earnings results on Wednesday, January 29th. The technology company reported $3.92 earnings per share for the quarter, topping analysts' consensus estimates of $3.77 by $0.15. International Business Machines had a net margin of 9.60% and a return on equity of 38.99%. On average, sell-side analysts predict that International Business Machines Co. will post 10.78 EPS for the current fiscal year.

International Business Machines Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Monday, February 10th were paid a dividend of $1.67 per share. The ex-dividend date of this dividend was Monday, February 10th. This represents a $6.68 annualized dividend and a dividend yield of 2.74%. International Business Machines's dividend payout ratio is currently 104.21%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. UBS Group reaffirmed a "sell" rating on shares of International Business Machines in a report on Wednesday. Wedbush initiated coverage on shares of International Business Machines in a research note on Monday, February 3rd. They set an "outperform" rating on the stock. Jefferies Financial Group reiterated a "hold" rating on shares of International Business Machines in a research note on Wednesday. The Goldman Sachs Group restated a "buy" rating on shares of International Business Machines in a research report on Wednesday, February 5th. Finally, Morgan Stanley boosted their price objective on International Business Machines from $217.00 to $228.00 and gave the stock an "equal weight" rating in a research note on Thursday, January 30th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $232.75.

Insider Activity

In other International Business Machines news, SVP Robert David Thomas sold 26,543 shares of International Business Machines stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $253.01, for a total value of $6,715,644.43. Following the sale, the senior vice president now directly owns 45,007 shares in the company, valued at approximately $11,387,221.07. The trade was a 37.10 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.18% of the stock is owned by corporate insiders.

International Business Machines 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.