International Business Machines Co. (NYSE:IBM) Stock Position Reduced by OLD Second National Bank of Aurora

OLD Second National Bank of Aurora trimmed its stake in shares of International Business Machines Co. (NYSE:IBM) by 23.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,600 shares of the technology company’s stock after selling 800 shares during the quarter. OLD Second National Bank of Aurora’s holdings in International Business Machines were worth $425,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. increased its position in International Business Machines by 0.4% in the 3rd quarter. Vanguard Group Inc. now owns 82,076,195 shares of the technology company’s stock valued at $11,515,290,000 after acquiring an additional 365,388 shares during the period. Morgan Stanley boosted its stake in International Business Machines by 22.8% during the 4th quarter. Morgan Stanley now owns 16,592,094 shares of the technology company’s stock valued at $2,337,660,000 after purchasing an additional 3,084,458 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in International Business Machines by 7.3% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 16,297,545 shares of the technology company’s stock valued at $2,119,007,000 after purchasing an additional 1,105,170 shares in the last quarter. Moneta Group Investment Advisors LLC boosted its stake in International Business Machines by 98,797.1% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 11,029,001 shares of the technology company’s stock valued at $1,553,876,000 after purchasing an additional 11,017,849 shares in the last quarter. Finally, Northern Trust Corp boosted its stake in International Business Machines by 4.2% during the 3rd quarter. Northern Trust Corp now owns 9,970,674 shares of the technology company’s stock valued at $1,398,886,000 after purchasing an additional 404,948 shares in the last quarter. 58.96% of the stock is currently owned by institutional investors and hedge funds.

International Business Machines Stock Performance

Shares of International Business Machines stock opened at $181.44 on Friday. The company has a quick ratio of 0.93, a current ratio of 0.96 and a debt-to-equity ratio of 2.22. International Business Machines Co. has a 12 month low of $120.55 and a 12 month high of $199.18. The business has a fifty day simple moving average of $188.56 and a 200-day simple moving average of $168.63. The stock has a market cap of $166.33 billion, a PE ratio of 22.32, a price-to-earnings-growth ratio of 3.58 and a beta of 0.70.

International Business Machines (NYSE:IBM) last posted its earnings results on Wednesday, January 24th. The technology company reported $3.87 earnings per share for the quarter, beating the consensus estimate of $3.78 by $0.09. The company had revenue of $17.38 billion for the quarter, compared to analyst estimates of $17.29 billion. International Business Machines had a return on equity of 39.55% and a net margin of 12.13%. The business’s revenue was up 4.1% compared to the same quarter last year. During the same period last year, the company earned $3.60 earnings per share. On average, sell-side analysts anticipate that International Business Machines Co. will post 10.07 EPS for the current fiscal year.

International Business Machines Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Saturday, March 9th. Stockholders of record on Friday, February 9th were paid a $1.66 dividend. The ex-dividend date was Thursday, February 8th. This represents a $6.64 dividend on an annualized basis and a dividend yield of 3.66%. International Business Machines’s payout ratio is presently 81.67%.

Analysts Set New Price Targets

IBM has been the subject of a number of research reports. Evercore raised International Business Machines from an “in-line” rating to an “outperform” rating and increased their price target for the company from $165.00 to $200.00 in a research note on Friday, January 19th. Evercore ISI raised International Business Machines from an “in-line” rating to an “outperform” rating and raised their price objective for the stock from $165.00 to $200.00 in a research note on Friday, January 19th. Societe Generale reissued a “sell” rating and set a $143.00 price objective on shares of International Business Machines in a research note on Friday, January 5th. Sanford C. Bernstein raised their price objective on International Business Machines from $165.00 to $186.00 and gave the stock a “market perform” rating in a research note on Thursday, March 7th. Finally, BMO Capital Markets raised their price objective on International Business Machines from $155.00 to $210.00 and gave the stock a “market perform” rating in a research note on Thursday, January 25th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $178.67.

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.