Heartland Bank & Trust Co Cuts Stake in International Business Machines Corporation $IBM

Heartland Bank & Trust Co decreased its holdings in International Business Machines Corporation (NYSE:IBM) by 1.3% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,588 shares of the technology company’s stock after selling 62 shares during the period. Heartland Bank & Trust Co’s holdings in International Business Machines were worth $1,352,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Family CFO Inc purchased a new stake in shares of International Business Machines in the 2nd quarter valued at $25,000. Christopher J. Hasenberg Inc purchased a new stake in shares of International Business Machines in the 1st quarter valued at $27,000. SSA Swiss Advisors AG purchased a new stake in International Business Machines during the 1st quarter valued at $28,000. Dagco Inc. purchased a new stake in International Business Machines during the 1st quarter valued at $31,000. Finally, Silicon Valley Capital Partners boosted its position in International Business Machines by 322.6% during the 1st quarter. Silicon Valley Capital Partners now owns 131 shares of the technology company’s stock valued at $32,000 after buying an additional 100 shares during the period. Hedge funds and other institutional investors own 58.96% of the company’s stock.

International Business Machines Stock Down 0.2%

Shares of International Business Machines stock opened at $277.21 on Tuesday. The company has a debt-to-equity ratio of 2.00, a current ratio of 0.91 and a quick ratio of 0.87. The company has a 50-day moving average of $258.69 and a 200 day moving average of $261.01. The firm has a market cap of $257.64 billion, a price-to-earnings ratio of 45.00, a PEG ratio of 4.28 and a beta of 0.73. International Business Machines Corporation has a 1 year low of $203.51 and a 1 year high of $301.04.

International Business Machines (NYSE:IBM) last issued its quarterly earnings results on Wednesday, July 23rd. The technology company reported $2.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.65 by $0.15. The company had revenue of $16.98 billion during the quarter, compared to analyst estimates of $16.58 billion. International Business Machines had a net margin of 9.11% and a return on equity of 37.62%. International Business Machines’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same period last year, the business earned $2.43 EPS. International Business Machines has set its FY 2025 guidance at EPS. As a group, sell-side analysts anticipate that International Business Machines Corporation will post 10.78 earnings per share for the current fiscal year.

International Business Machines Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 8th were paid a $1.68 dividend. This represents a $6.72 annualized dividend and a dividend yield of 2.4%. The ex-dividend date was Friday, August 8th. International Business Machines’s dividend payout ratio (DPR) is presently 109.09%.

Wall Street Analyst Weigh In

IBM has been the subject of several analyst reports. JPMorgan Chase & Co. increased their price target on shares of International Business Machines from $244.00 to $290.00 and gave the company a “neutral” rating in a research report on Thursday, July 24th. Royal Bank Of Canada increased their price target on shares of International Business Machines from $285.00 to $315.00 and gave the company an “outperform” rating in a research report on Thursday, July 17th. Wedbush raised their target price on shares of International Business Machines from $300.00 to $325.00 and gave the stock an “outperform” rating in a research report on Friday, June 20th. Melius Research raised shares of International Business Machines to a “strong-buy” rating in a research report on Monday, July 7th. Finally, The Goldman Sachs Group raised their target price on shares of International Business Machines from $270.00 to $310.00 and gave the stock a “buy” rating in a research report on Wednesday, July 2nd. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, International Business Machines presently has a consensus rating of “Hold” and an average price target of $284.62.

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.