Intrust Bank NA Buys 802 Shares of International Business Machines Corporation $IBM

Intrust Bank NA boosted its position in International Business Machines Corporation (NYSE:IBM) by 6.1% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 13,986 shares of the technology company’s stock after purchasing an additional 802 shares during the quarter. Intrust Bank NA’s holdings in International Business Machines were worth $4,123,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of IBM. Rothschild Investment LLC lifted its position in International Business Machines by 0.7% during the second quarter. Rothschild Investment LLC now owns 21,849 shares of the technology company’s stock valued at $6,441,000 after acquiring an additional 160 shares during the last quarter. Thames Capital Management LLC acquired a new stake in shares of International Business Machines in the 2nd quarter worth $2,710,000. Slagle Financial LLC grew its stake in International Business Machines by 2.7% during the 2nd quarter. Slagle Financial LLC now owns 14,519 shares of the technology company’s stock worth $4,280,000 after buying an additional 377 shares during the last quarter. Raiffeisen Bank International AG increased its position in International Business Machines by 12.2% during the 2nd quarter. Raiffeisen Bank International AG now owns 163,845 shares of the technology company’s stock valued at $47,692,000 after buying an additional 17,879 shares in the last quarter. Finally, Symphony Financial Ltd. Co. acquired a new stake in International Business Machines in the second quarter worth about $35,009,000. Hedge funds and other institutional investors own 58.96% of the company’s stock.

Wall Street Analyst Weigh In

IBM has been the topic of several recent analyst reports. Stifel Nicolaus cut their price objective on shares of International Business Machines from $310.00 to $295.00 and set a “buy” rating on the stock in a report on Thursday, October 23rd. Bank of America upped their price target on shares of International Business Machines from $310.00 to $315.00 and gave the company a “buy” rating in a research note on Thursday, October 23rd. Wall Street Zen raised shares of International Business Machines from a “hold” rating to a “buy” rating in a report on Sunday, October 26th. UBS Group boosted their price objective on shares of International Business Machines from $200.00 to $210.00 and gave the company a “sell” rating in a report on Thursday, October 23rd. Finally, JPMorgan Chase & Co. raised their target price on International Business Machines from $244.00 to $290.00 and gave the stock a “neutral” rating in a research note on Thursday, July 24th. One investment 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 assigned a Sell rating to the company’s stock. According to data from MarketBeat, International Business Machines presently has a consensus rating of “Moderate Buy” and an average price target of $288.00.

International Business Machines Trading Up 0.2%

Shares of International Business Machines stock opened at $305.35 on Monday. The stock has a market cap of $285.42 billion, a PE ratio of 36.53, a price-to-earnings-growth ratio of 4.33 and a beta of 0.71. The firm has a fifty day moving average price of $285.92 and a 200 day moving average price of $271.79. International Business Machines Corporation has a 1 year low of $204.07 and a 1 year high of $324.90. The company has a debt-to-equity ratio of 1.97, a current ratio of 0.93 and a quick ratio of 0.89.

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

International Business Machines Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Monday, November 10th will be issued a dividend of $1.68 per share. This represents a $6.72 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend is Monday, November 10th. International Business Machines’s dividend payout ratio (DPR) is 80.38%.

International Business Machines Company Profile

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.