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

Handelsbanken Fonder AB raised its position in International Business Machines Co. (NYSE:IBM - Free Report) by 13.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 355,742 shares of the technology company's stock after buying an additional 43,107 shares during the period. Handelsbanken Fonder AB's holdings in International Business Machines were worth $78,203,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of IBM. Compass Financial Services Inc purchased a new stake in shares of International Business Machines during the 4th quarter worth approximately $26,000. Hazlett Burt & Watson Inc. increased its position in International Business Machines by 1,054.5% in the third quarter. Hazlett Burt & Watson Inc. now owns 127 shares of the technology company's stock worth $29,000 after buying an additional 116 shares during the last quarter. Hara Capital LLC purchased a new position in shares of International Business Machines during the 3rd quarter valued at $29,000. Avondale Wealth Management lifted its position in shares of International Business Machines by 56.0% during the 4th quarter. Avondale Wealth Management now owns 156 shares of the technology company's stock valued at $34,000 after buying an additional 56 shares during the last quarter. Finally, Valued Wealth Advisors LLC increased its holdings in International Business Machines by 134.3% in the 4th quarter. Valued Wealth Advisors LLC now owns 157 shares of the technology company's stock worth $35,000 after acquiring an additional 90 shares during the last quarter. 58.96% of the stock is currently owned by institutional investors.

International Business Machines Price Performance

Shares of International Business Machines stock traded down $2.97 during trading on Friday, hitting $261.77. 4,323,408 shares of the stock traded hands, compared to its average volume of 4,677,125. The firm's fifty day moving average is $234.65 and its 200-day moving average is $221.26. The stock has a market cap of $242.05 billion, a price-to-earnings ratio of 40.84, a PEG ratio of 5.80 and a beta of 0.76. International Business Machines Co. has a 52 week low of $162.62 and a 52 week high of $265.72. The company has a quick ratio of 1.00, a current ratio of 1.04 and a debt-to-equity ratio of 1.82.

International Business Machines (NYSE:IBM - Get Free Report) last announced its quarterly earnings data 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%. Research analysts expect that International Business Machines Co. will post 10.77 EPS for the current fiscal year.

International Business Machines Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Monday, February 10th will be issued a dividend of $1.67 per share. This represents a $6.68 annualized dividend and a yield of 2.55%. The ex-dividend date is Monday, February 10th. International Business Machines's dividend payout ratio is presently 104.21%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on IBM shares. Oppenheimer began coverage on shares of International Business Machines in a research report on Tuesday, February 11th. They set an "outperform" rating and a $320.00 target price for the company. Jefferies Financial Group increased their target price on International Business Machines from $245.00 to $270.00 and gave the stock a "hold" rating in a research report on Thursday, January 30th. UBS Group lifted their price target on International Business Machines from $150.00 to $160.00 and gave the company a "sell" rating in a research report on Tuesday, January 14th. Morgan Stanley increased their price objective on International Business Machines from $217.00 to $228.00 and gave the stock an "equal weight" rating in a report on Thursday, January 30th. Finally, Bank of America lifted their target price on International Business Machines from $260.00 to $270.00 and gave the company a "buy" rating in a report on Thursday, January 30th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, International Business Machines currently has an average rating of "Hold" and a consensus price target of $231.44.

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.