Pensions

British Airways Pensions Investment Management Ltd Acquires Shares of 133,000 International Business Machines Corporation (IBM)

British Airways Pensions Investment Management Ltd acquired a new position in International Business Machines Corporation (NYSE:IBM) during the first quarter, Holdings Channel reports. The institutional investor acquired 133,000 shares of the technology company’s stock, valued at approximately $23,149,000.

Several other institutional investors have also bought and sold shares of the company. AMF Pensionsforsakring AB increased its position in International Business Machines Corporation by 186.6% in the fourth quarter. AMF Pensionsforsakring AB now owns 745,277 shares of the technology company’s stock worth $123,709,000 after buying an additional 485,195 shares during the last quarter. Guardian Capital Advisors LP increased its position in shares of International Business Machines Corporation by 0.4% in the fourth quarter. Guardian Capital Advisors LP now owns 18,398 shares of the technology company’s stock valued at $3,104,000 after buying an additional 71 shares in the last quarter. Zurich Insurance Group Ltd FI increased its position in shares of International Business Machines Corporation by 5.2% in the fourth quarter. Zurich Insurance Group Ltd FI now owns 153,738 shares of the technology company’s stock valued at $25,519,000 after buying an additional 7,585 shares in the last quarter. Davy Asset Management Ltd increased its position in shares of International Business Machines Corporation by 32.2% in the fourth quarter. Davy Asset Management Ltd now owns 54,739 shares of the technology company’s stock valued at $10,416,000 after buying an additional 13,320 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its position in shares of International Business Machines Corporation by 24.8% in the fourth quarter. Envestnet Asset Management Inc. now owns 123,613 shares of the technology company’s stock valued at $20,512,000 after buying an additional 24,537 shares in the last quarter. 58.18% of the stock is currently owned by institutional investors.

Shares of International Business Machines Corporation (NYSE:IBM) opened at 147.08 on Monday. International Business Machines Corporation has a 1-year low of $146.51 and a 1-year high of $182.79. The company has a 50-day moving average of $153.42 and a 200-day moving average of $165.18. The stock has a market capitalization of $137.51 billion, a price-to-earnings ratio of 12.21 and a beta of 0.98.

International Business Machines Corporation (NYSE:IBM) last announced its earnings results on Tuesday, July 18th. The technology company reported $2.97 EPS for the quarter, beating analysts’ consensus estimates of $2.74 by $0.23. International Business Machines Corporation had a return on equity of 71.53% and a net margin of 14.58%. The company had revenue of $19.29 billion during the quarter, compared to analysts’ expectations of $19.45 billion. During the same period last year, the business posted $2.95 EPS. International Business Machines Corporation’s revenue for the quarter was down 4.7% on a year-over-year basis. On average, equities research analysts expect that International Business Machines Corporation will post $13.73 EPS for the current fiscal year.

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IBM has been the topic of several analyst reports. Jefferies Group LLC set a $135.00 price target on shares of International Business Machines Corporation and gave the company a “sell” rating in a report on Friday, May 19th. Drexel Hamilton reaffirmed a “buy” rating and set a $200.00 price target (down previously from $215.00) on shares of International Business Machines Corporation in a report on Saturday, April 22nd. Bank of America Corporation reaffirmed a “buy” rating and set a $180.00 price target (down previously from $185.00) on shares of International Business Machines Corporation in a report on Wednesday, April 19th. Stifel Nicolaus reaffirmed a “buy” rating and set a $182.00 price target on shares of International Business Machines Corporation in a report on Friday. Finally, TheStreet downgraded shares of International Business Machines Corporation to a “hold” rating in a report on Friday, April 21st. Seven research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and seven have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $157.80.

In other news, Director James W. Owens bought 1,718 shares of the stock in a transaction that occurred on Tuesday, May 16th. The stock was bought at an average cost of $153.19 per share, for a total transaction of $263,180.42. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 0.23% of the company’s stock.

About International Business Machines Corporation

International Business Machines Corporation (IBM) is a technology company. The Company operates through five segments: Cognitive Solutions, Global Business Services (GBS), Technology Services & Cloud Platforms, Systems and Global Financing. The Cognitive Solutions segment delivers a spectrum of capabilities, from descriptive, predictive and prescriptive analytics to cognitive systems.

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Institutional Ownership by Quarter for International Business Machines Corporation (NYSE:IBM)

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