BNP Paribas Cuts Position in International Business Machines Corporation $IBM

BNP Paribas trimmed its position in International Business Machines Corporation (NYSE:IBM) by 57.1% during the fourth quarter, HoldingsChannel.com reports. The firm owned 22,019 shares of the technology company’s stock after selling 29,254 shares during the quarter. BNP Paribas’ holdings in International Business Machines were worth $6,540,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Vanguard Group Inc. raised 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 worth $28,796,390,000 after purchasing an additional 1,439,824 shares during the period. Geode Capital Management LLC grew its stake in shares of International Business Machines by 1.5% in the fourth quarter. Geode Capital Management LLC now owns 22,605,083 shares of the technology company’s stock valued at $6,679,105,000 after buying an additional 336,069 shares in the last quarter. Capital World Investors grew its stake in shares of International Business Machines by 13.9% in the third quarter. Capital World Investors now owns 17,045,156 shares of the technology company’s stock valued at $4,809,461,000 after buying an additional 2,077,506 shares in the last quarter. Norges Bank acquired a new stake in shares of International Business Machines in the fourth quarter valued at about $2,446,429,000. Finally, Legal & General Group Plc grew its stake in shares of International Business Machines by 2.5% in the third quarter. Legal & General Group Plc now owns 7,302,722 shares of the technology company’s stock valued at $2,060,536,000 after buying an additional 176,219 shares in the last quarter. 58.96% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on IBM shares. Oppenheimer lowered their target price on International Business Machines from $380.00 to $320.00 and set an “outperform” rating for the company in a research note on Thursday, April 16th. Morgan Stanley increased their target price on International Business Machines from $215.00 to $225.00 and gave the company an “equal weight” rating in a research note on Thursday, April 23rd. DZ Bank upgraded International Business Machines from a “hold” rating to a “buy” rating and set a $295.00 target price for the company in a research note on Friday, April 24th. Wedbush reiterated an “outperform” rating and issued a $320.00 target price on shares of International Business Machines in a research note on Friday. Finally, Jefferies Financial Group lowered their target price on International Business Machines from $370.00 to $320.00 and set a “buy” rating for the company in a research note on Monday, April 20th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat, International Business Machines has a consensus rating of “Moderate Buy” and a consensus price target of $297.50.

More International Business Machines News

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

• Positive Sentiment: IBM stock is getting a boost from Barclays’ new Overweight rating and $350 target, which supports the view that the shares can keep climbing. IBM Stock Surges After Analyst “Overweight” Rating
• Positive Sentiment: IBM is benefiting from a broader software rally after Nvidia CEO Jensen Huang eased fears that AI will undermine software demand, lifting sentiment across the sector. NOW, IBM, software stocks surge as Huang eases AI fears; analysts see more upside
• Positive Sentiment: Investor enthusiasm for IBM’s quantum-computing push is increasing after reports that the company plans to invest more than $10 billion in quantum over the next five years. IBM Bets $10 Billion on Quantum Computing as Race for Next-Generation Technology Intensifies
• Positive Sentiment: Reports that U.S. policy momentum around quantum funding is lifting IBM’s profile as a potential beneficiary in a growing next-generation computing theme. DoC’s $2B Quantum Initiative Puts These 2 Stocks in the Spotlight
• Neutral Sentiment: Some market commentary says IBM’s move is also part of a wider tech/AI trade and momentum in software, rather than being driven by a single company-specific catalyst. Did Trump spark an IBM stock rally? It’s complicated.
• Neutral Sentiment: Some analysts are warning that IBM may be expensive after the run-up, with one note saying GF Value still sees the stock as overvalued despite strong momentum. International Business Machines Corp (IBM) Stock Up 7.6% but GF Value Says Overvalued — GF Score: 77/100

International Business Machines Price Performance

Shares of NYSE IBM opened at $319.67 on Tuesday. International Business Machines Corporation has a fifty-two week low of $212.34 and a fifty-two week high of $327.98. The business has a 50 day moving average price of $241.55 and a two-hundred day moving average price of $270.75. The company has a quick ratio of 0.76, a current ratio of 0.80 and a debt-to-equity ratio of 1.75. The firm has a market cap of $300.45 billion, a PE ratio of 28.26, a price-to-earnings-growth ratio of 3.08 and a beta of 0.58.

International Business Machines (NYSE:IBM) last issued its quarterly earnings data on Wednesday, April 22nd. The technology company reported $1.91 earnings per share for the quarter, beating 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 firm had revenue of $15.92 billion during the quarter, compared to analyst estimates of $15.60 billion. During the same quarter last year, the firm earned $1.60 EPS. International Business Machines’s quarterly revenue was up 9.5% on a year-over-year basis. Sell-side analysts expect that International Business Machines Corporation will post 12.4 earnings per share for the current fiscal year.

International Business Machines Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Friday, May 8th will be paid a dividend of $1.69 per share. This is a boost from International Business Machines’s previous quarterly dividend of $1.68. The ex-dividend date is Friday, May 8th. This represents a $6.76 dividend on an annualized basis and a yield of 2.1%. International Business Machines’s payout ratio is 59.77%.

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.