Norges Bank Makes New $2.01 Billion Investment in International Business Machines Corporation $IBM

Norges Bank purchased a new stake in shares of International Business Machines Corporation (NYSE:IBM) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 6,822,452 shares of the technology company’s stock, valued at approximately $2,011,122,000. Norges Bank owned about 0.73% of International Business Machines as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in IBM. Family CFO Inc bought a new stake in International Business Machines in the 2nd quarter worth about $25,000. Winnow Wealth LLC purchased a new stake in shares of International Business Machines during the 2nd quarter valued at about $27,000. Highline Wealth Partners LLC grew its stake in shares of International Business Machines by 85.0% in the second quarter. Highline Wealth Partners LLC now owns 111 shares of the technology company’s stock worth $33,000 after acquiring an additional 51 shares during the period. Dagco Inc. purchased a new position in shares of International Business Machines during the first quarter valued at approximately $31,000. Finally, Silicon Valley Capital Partners lifted its position in International Business Machines by 322.6% during the first quarter. Silicon Valley Capital Partners now owns 131 shares of the technology company’s stock valued at $32,000 after purchasing an additional 100 shares during the period. 58.96% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Erste Group Bank cut shares of International Business Machines from a “buy” rating to a “hold” rating in a report on Thursday, August 14th. BMO Capital Markets lifted their price objective on International Business Machines from $300.00 to $305.00 and gave the stock a “market perform” rating in a report on Thursday, October 23rd. UBS Group increased their target price on International Business Machines from $200.00 to $210.00 and gave the company a “sell” rating in a report on Thursday, October 23rd. Wall Street Zen upgraded International Business Machines from a “hold” rating to a “buy” rating in a research note on Sunday, October 26th. Finally, Morgan Stanley lowered their price objective on shares of International Business Machines from $256.00 to $252.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 23rd. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $291.08.

International Business Machines Stock Performance

Shares of IBM opened at $303.66 on Friday. The business has a 50-day simple moving average of $293.12 and a two-hundred day simple moving average of $274.54. The company has a quick ratio of 0.89, a current ratio of 0.93 and a debt-to-equity ratio of 1.97. International Business Machines Corporation has a 52 week low of $214.50 and a 52 week high of $324.90. The stock has a market cap of $283.84 billion, a price-to-earnings ratio of 36.32, a PEG ratio of 4.33 and a beta of 0.71.

International Business Machines (NYSE:IBM) last announced its quarterly earnings data on Wednesday, October 22nd. The technology company reported $2.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.45 by $0.20. The company had revenue of $16.33 billion during the quarter, compared to the consensus estimate of $16.10 billion. International Business Machines had a return on equity of 37.76% and a net margin of 12.09%.The firm’s revenue was up 9.1% on a year-over-year basis. During the same period in the previous year, the company posted $2.30 EPS. International Business Machines has set its FY 2025 guidance at EPS. On average, analysts expect that International Business Machines Corporation will post 10.78 EPS for the current year.

International Business Machines Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Monday, November 10th will be issued a $1.68 dividend. This represents a $6.72 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date is Monday, November 10th. International Business Machines’s payout ratio is currently 80.38%.

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.