SEB Asset Management AB Buys Shares of 262,637 International Business Machines Corporation $IBM

SEB Asset Management AB purchased a new position in shares of International Business Machines Corporation (NYSE:IBM) in the first quarter, HoldingsChannel reports. The fund purchased 262,637 shares of the technology company’s stock, valued at approximately $63,661,000.

Other hedge funds also recently made changes to their positions in the company. Norges Bank acquired a new position in International Business Machines during the fourth quarter worth $2,446,429,000. Capital World Investors grew its position in International Business Machines by 29.2% in the fourth quarter. Capital World Investors now owns 22,021,912 shares of the technology company’s stock valued at $6,523,720,000 after purchasing an additional 4,976,756 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of International Business Machines by 83.4% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 5,617,117 shares of the technology company’s stock worth $1,663,847,000 after buying an additional 2,553,552 shares during the last quarter. Corient Private Wealth LLC grew its holdings in shares of International Business Machines by 359.6% in the 4th quarter. Corient Private Wealth LLC now owns 1,896,675 shares of the technology company’s stock valued at $561,814,000 after acquiring an additional 1,484,026 shares in the last quarter. Finally, Vanguard Group Inc. grew its holdings in shares of International Business Machines by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 97,216,131 shares of the technology company’s stock valued at $28,796,390,000 after acquiring an additional 1,439,824 shares in the last quarter. 58.96% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently issued reports on IBM shares. KeyCorp lowered International Business Machines to a “sector weight” rating in a report on Tuesday, June 23rd. Citigroup decreased their price target on International Business Machines from $375.00 to $255.00 and set a “buy” rating for the company in a research note on Friday. Wall Street Zen lowered International Business Machines from a “hold” rating to a “sell” rating in a research report on Saturday. Susquehanna began coverage on International Business Machines in a research note on Friday, July 10th. They set a “neutral” rating and a $303.00 price objective on the stock. Finally, Morgan Stanley increased their price objective on International Business Machines from $267.00 to $293.00 and gave the company an “equal weight” rating in a report on Tuesday, July 14th. Fifteen equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $292.89.

International Business Machines Stock Performance

IBM opened at $212.54 on Friday. The company has a quick ratio of 0.76, a current ratio of 0.80 and a debt-to-equity ratio of 1.75. International Business Machines Corporation has a 12-month low of $204.44 and a 12-month high of $332.46. The business has a 50 day moving average of $263.84 and a 200-day moving average of $263.58. The stock has a market cap of $199.76 billion, a price-to-earnings ratio of 18.79, a PEG ratio of 2.07 and a beta of 0.68.

International Business Machines (NYSE:IBM) last posted its earnings results on Wednesday, April 22nd. The technology company reported $1.91 earnings per share for the quarter, topping analysts’ consensus estimates of $1.81 by $0.10. International Business Machines had a return on equity of 37.23% and a net margin of 15.61%.The business had revenue of $15.92 billion for the quarter, compared to analyst estimates of $15.60 billion. During the same period in the previous year, the firm earned $1.60 EPS. The firm’s revenue was up 9.5% compared to the same quarter last year. On average, equities research analysts expect that International Business Machines Corporation will post 12.28 earnings per share for the current year.

International Business Machines Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Friday, May 8th were paid a dividend of $1.69 per share. The ex-dividend date was Friday, May 8th. This represents a $6.76 dividend on an annualized basis and a dividend yield of 3.2%. This is a boost from International Business Machines’s previous quarterly dividend of $1.68. International Business Machines’s dividend payout ratio is 59.77%.

Key Headlines Impacting International Business Machines

Here are the key news stories impacting International Business Machines this week:

• Positive Sentiment: IBM launched new Power server products aimed at automation, app modernization, and local AI inferencing, which could support its enterprise AI push over time.
• Positive Sentiment: JPMorgan kept an overweight rating on IBM even after cutting its price target to $250, indicating Wall Street still sees upside from current levels.
• Positive Sentiment: Some analysts say the stock’s sharp decline may have pushed it into oversold territory, which could attract bargain hunters if sentiment stabilizes.
• Neutral Sentiment: IBM heads into its July 22 earnings report with investors focused on whether the company can validate its AI and cloud momentum after the warning.
• Neutral Sentiment: Analysts at Zacks and others are debating whether the selloff is an opportunity or a sign to wait, reflecting uncertainty rather than a clear fundamental shift.
• Negative Sentiment: IBM’s preliminary Q2 miss and weak near-term outlook are the main reasons the stock is falling, as they suggest slower growth and margin pressure.
• Negative Sentiment: Multiple law firms have announced securities-fraud investigations after the plunge, which can keep negative headlines around the stock.
• Negative Sentiment: Analyst sentiment is turning more cautious, with some estimate reductions and technical warnings reinforcing bearish momentum.

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.