Swiss National Bank Lowers Stake in IBM (IBM)

Swiss National Bank decreased its stake in shares of IBM (NYSE:IBM) by 0.7% in the 4th quarter, HoldingsChannel reports. The fund owned 3,512,177 shares of the technology company’s stock after selling 23,800 shares during the quarter. Swiss National Bank’s holdings in IBM were worth $538,838,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of IBM. Vanguard Group Inc. increased its position in shares of IBM by 3.7% during the second quarter. Vanguard Group Inc. now owns 62,228,040 shares of the technology company’s stock worth $9,572,538,000 after acquiring an additional 2,241,818 shares in the last quarter. Nordea Investment Management AB increased its position in shares of IBM by 151.2% during the second quarter. Nordea Investment Management AB now owns 3,250,047 shares of the technology company’s stock worth $499,955,000 after acquiring an additional 1,956,033 shares in the last quarter. Janus Henderson Group PLC increased its position in shares of IBM by 1,155.3% during the second quarter. Janus Henderson Group PLC now owns 1,358,103 shares of the technology company’s stock worth $208,923,000 after acquiring an additional 1,249,916 shares in the last quarter. BlackRock Inc. increased its position in shares of IBM by 2.4% during the second quarter. BlackRock Inc. now owns 52,936,360 shares of the technology company’s stock worth $8,143,204,000 after acquiring an additional 1,241,441 shares in the last quarter. Finally, Stifel Financial Corp increased its position in shares of IBM by 9,678.2% during the third quarter. Stifel Financial Corp now owns 815,897 shares of the technology company’s stock worth $118,347,000 after acquiring an additional 807,553 shares in the last quarter. 57.02% of the stock is owned by institutional investors.

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Shares of IBM stock opened at $153.43 on Friday. The firm has a market capitalization of $141,334.78, a price-to-earnings ratio of 11.09, a PEG ratio of 2.24 and a beta of 0.94. The company has a quick ratio of 1.29, a current ratio of 1.33 and a debt-to-equity ratio of 2.25. IBM has a one year low of $139.13 and a one year high of $176.33.

IBM (NYSE:IBM) last announced its quarterly earnings results on Thursday, January 18th. The technology company reported $5.18 EPS for the quarter, beating analysts’ consensus estimates of $5.17 by $0.01. The firm had revenue of $22.54 billion during the quarter, compared to analysts’ expectations of $22.03 billion. IBM had a net margin of 7.27% and a return on equity of 69.48%. The company’s revenue for the quarter was up 3.6% compared to the same quarter last year. During the same quarter last year, the company posted $5.01 earnings per share. equities research analysts predict that IBM will post 13.82 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Saturday, March 10th. Shareholders of record on Friday, February 9th were paid a $1.50 dividend. This represents a $6.00 dividend on an annualized basis and a yield of 3.91%. The ex-dividend date was Thursday, February 8th. IBM’s dividend payout ratio is currently 43.48%.

Several equities research analysts have recently issued reports on the stock. BMO Capital Markets reissued a “hold” rating and set a $175.00 price objective on shares of IBM in a research report on Thursday, January 11th. They noted that the move was a valuation call. Zacks Investment Research raised shares of IBM from a “sell” rating to a “hold” rating in a research report on Wednesday, January 10th. Pivotal Research set a $180.00 target price on shares of IBM and gave the stock a “buy” rating in a report on Thursday, January 18th. JPMorgan Chase & Co. set a $167.00 target price on shares of IBM and gave the stock a “neutral” rating in a report on Friday, January 19th. Finally, Wedbush restated a “neutral” rating and set a $185.00 target price (up previously from $155.00) on shares of IBM in a report on Thursday, January 18th. They noted that the move was a valuation call. Six equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and eleven have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $166.01.

In related news, Director Frederick H. Waddell bought 610 shares of the business’s stock in a transaction dated Wednesday, January 31st. The stock was bought at an average price of $163.38 per share, for a total transaction of $99,661.80. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Diane J. Gherson sold 5,000 shares of the firm’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $156.00, for a total transaction of $780,000.00. Following the sale, the insider now owns 20,581 shares of the company’s stock, valued at approximately $3,210,636. The disclosure for this sale can be found here. Company insiders own 0.17% of the company’s stock.

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IBM Profile

International Business Machines Corporation operates as an integrated technology and services company worldwide. Its Cognitive Solutions segment offers Watson, a cognitive computing platform that interacts in natural language, processes big data, and learns from interactions with people and computers.

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Institutional Ownership by Quarter for IBM (NYSE:IBM)

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