Oslo Pensjonsforsikring AS Invests $30.42 Million in International Business Machines Corporation $IBM

Oslo Pensjonsforsikring AS bought a new stake in International Business Machines Corporation (NYSE:IBM) during the first quarter, according to its most recent disclosure with the SEC. The firm bought 125,482 shares of the technology company’s stock, valued at approximately $30,416,000. International Business Machines comprises about 4.7% of Oslo Pensjonsforsikring AS’s holdings, making the stock its 9th largest position.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. CVA Family Office LLC boosted its stake in International Business Machines by 1.4% in the fourth quarter. CVA Family Office LLC now owns 2,389 shares of the technology company’s stock valued at $708,000 after acquiring an additional 33 shares in the last quarter. Foster Group Inc. increased its position in shares of International Business Machines by 1.3% during the fourth quarter. Foster Group Inc. now owns 2,507 shares of the technology company’s stock worth $742,000 after purchasing an additional 33 shares in the last quarter. New Covenant Trust Company N.A. increased its position in shares of International Business Machines by 3.8% during the fourth quarter. New Covenant Trust Company N.A. now owns 905 shares of the technology company’s stock worth $264,000 after purchasing an additional 33 shares in the last quarter. McGowan Group Asset Management Inc. lifted its holdings in shares of International Business Machines by 1.2% in the 4th quarter. McGowan Group Asset Management Inc. now owns 2,693 shares of the technology company’s stock valued at $798,000 after purchasing an additional 33 shares during the last quarter. Finally, Adamsbrown Wealth Consultants LLC boosted its position in shares of International Business Machines by 4.3% in the 4th quarter. Adamsbrown Wealth Consultants LLC now owns 818 shares of the technology company’s stock valued at $242,000 after purchasing an additional 34 shares during the period. 58.96% of the stock is currently owned by institutional investors and hedge funds.

International Business Machines Stock Performance

Shares of IBM stock opened at $210.44 on Wednesday. The stock has a market capitalization of $197.79 billion, a PE ratio of 18.61, a price-to-earnings-growth ratio of 2.30 and a beta of 0.68. International Business Machines Corporation has a 52-week low of $204.44 and a 52-week high of $332.46. The stock’s 50-day moving average price is $263.44 and its 200 day moving average price is $262.05. 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 (NYSE:IBM) last posted its quarterly earnings data on Wednesday, April 22nd. The technology company reported $1.91 EPS for the quarter, beating the consensus estimate 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 firm had revenue of $15.92 billion during the quarter, compared to the consensus estimate of $15.60 billion. During the same period in the prior year, the business earned $1.60 EPS. The firm’s revenue was up 9.5% compared to the same quarter last year. As a group, equities research analysts forecast that International Business Machines Corporation will post 12.21 EPS for the current year.

International Business Machines News Summary

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

• Positive Sentiment: Potential upside from AI, cloud, cybersecurity, and consulting demand, which some analysts still expect to support future revenue growth.
• Neutral Sentiment: IBM’s expanded quantum-computing collaboration with Singapore’s military, which could be strategically positive but is unlikely to move near-term results by itself. IBM (IBM) Stock Declines Despite Singapore Military Quantum Computing Partnership Expansion
• Neutral Sentiment: Investor attention ahead of the full Q2 earnings report, with traders watching for management’s commentary on pipeline strength, software growth, and dividend durability. IBM to Report Full Q2 Results After its Historic Stock Crash – Here’s What Investors Will Watch
• Negative Sentiment: Legal investigations from shareholder-rights firms following the guidance cut and stock plunge, which can keep sentiment weak and increase headline risk. International Business Machines Corporation (IBM) Securities Investigation Notice – Levi & Korsinsky
• Negative Sentiment: Concerns that IBM’s recent earnings scare may indicate weaker execution and pressure on the company’s dividend and growth story. After Its Earnings Scare, Is IBM’s Dividend Still Safe?

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on IBM. HSBC set a $175.00 price target on International Business Machines and gave the stock a “reduce” rating in a research note on Thursday, July 16th. DZ Bank raised International Business Machines from a “hold” rating to a “buy” rating and set a $295.00 price objective for the company in a report on Friday, April 24th. Jefferies Financial Group lowered their target price on shares of International Business Machines from $320.00 to $260.00 and set a “buy” rating on the stock in a research report on Tuesday. Wolfe Research cut shares of International Business Machines to a “peer perform” rating in a report on Tuesday, June 23rd. Finally, Weiss Ratings downgraded shares of International Business Machines from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, June 24th. Fifteen equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $278.68.

About International Business Machines

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.