Nordea Investment Management AB Buys 4,625 Shares of International Business Machines Co. (NYSE:IBM)

Nordea Investment Management AB grew its stake in International Business Machines Co. (NYSE:IBM - Free Report) by 6.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 75,638 shares of the technology company's stock after acquiring an additional 4,625 shares during the quarter. Nordea Investment Management AB's holdings in International Business Machines were worth $16,615,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Ellenbecker Investment Group lifted its holdings in shares of International Business Machines by 2.3% during the third quarter. Ellenbecker Investment Group now owns 2,049 shares of the technology company's stock valued at $453,000 after purchasing an additional 46 shares during the last quarter. Goldstein Advisors LLC raised its stake in International Business Machines by 4.0% during the third quarter. Goldstein Advisors LLC now owns 1,217 shares of the technology company's stock valued at $269,000 after buying an additional 47 shares during the last quarter. Vertex Planning Partners LLC boosted its holdings in International Business Machines by 3.6% in the third quarter. Vertex Planning Partners LLC now owns 1,346 shares of the technology company's stock worth $298,000 after acquiring an additional 47 shares in the last quarter. Sollinda Capital Management LLC increased its holdings in shares of International Business Machines by 3.7% during the third quarter. Sollinda Capital Management LLC now owns 1,360 shares of the technology company's stock valued at $301,000 after acquiring an additional 49 shares in the last quarter. Finally, Lansing Street Advisors raised its position in shares of International Business Machines by 3.4% in the 3rd quarter. Lansing Street Advisors now owns 1,503 shares of the technology company's stock worth $332,000 after purchasing an additional 49 shares during the last quarter. Institutional investors own 58.96% of the company's stock.

Analysts Set New Price Targets

IBM has been the subject of a number of analyst reports. DZ Bank lowered shares of International Business Machines from a "buy" rating to a "hold" rating and set a $215.00 price objective for the company. in a research note on Wednesday, October 2nd. Morgan Stanley boosted their price objective on shares of International Business Machines from $208.00 to $222.00 and gave the stock an "equal weight" rating in a report on Monday, December 16th. Jefferies Financial Group lifted their target price on International Business Machines from $200.00 to $245.00 and gave the stock a "hold" rating in a report on Monday, October 21st. Bank of America upped their price target on International Business Machines from $209.00 to $250.00 and gave the company a "buy" rating in a report on Wednesday, October 9th. Finally, StockNews.com downgraded International Business Machines from a "buy" rating to a "hold" rating in a report on Wednesday, November 20th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the company's stock. According to MarketBeat.com, International Business Machines currently has an average rating of "Hold" and an average price target of $214.88.

International Business Machines Stock Performance

NYSE:IBM traded down $0.81 during mid-day trading on Thursday, hitting $223.15. 2,618,304 shares of the company traded hands, compared to its average volume of 3,043,556. The stock's fifty day moving average price is $221.70 and its 200-day moving average price is $208.69. The company has a quick ratio of 1.01, a current ratio of 1.06 and a debt-to-equity ratio of 2.16. International Business Machines Co. has a one year low of $159.51 and a one year high of $239.35. The firm has a market cap of $206.33 billion, a price-to-earnings ratio of 32.48, a price-to-earnings-growth ratio of 5.18 and a beta of 0.74.

International Business Machines (NYSE:IBM - Get Free Report) last released its earnings results on Wednesday, October 23rd. The technology company reported $2.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.27 by $0.03. The company had revenue of $14.97 billion during the quarter, compared to analyst estimates of $15.08 billion. International Business Machines had a net margin of 10.22% and a return on equity of 40.52%. The firm's quarterly revenue was up 1.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.20 EPS. Research analysts anticipate that International Business Machines Co. will post 10.12 earnings per share for the current fiscal year.

International Business Machines Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Tuesday, November 12th were given a $1.67 dividend. The ex-dividend date of this dividend was Tuesday, November 12th. This represents a $6.68 annualized dividend and a dividend yield of 2.99%. International Business Machines's payout ratio is 97.23%.

Insider Transactions at International Business Machines

In related news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of the firm's stock in a transaction on Friday, November 8th. The shares were sold at an average price of $215.20, for a total transaction of $774,720.00. Following the completion of the transaction, the senior vice president now directly owns 25,390 shares of the company's stock, valued at approximately $5,463,928. This trade represents a 12.42 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.07% of the company's stock.

About International Business Machines

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.