FineMark National Bank & Trust Has $3.02 Million Holdings in International Business Machines Corporation $IBM

FineMark National Bank & Trust increased its position in shares of International Business Machines Corporation (NYSE:IBM) by 10.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,246 shares of the technology company’s stock after acquiring an additional 937 shares during the quarter. FineMark National Bank & Trust’s holdings in International Business Machines were worth $3,020,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in IBM. Family CFO Inc acquired a new stake in shares of International Business Machines during the 2nd quarter worth approximately $25,000. SSA Swiss Advisors AG acquired a new stake in International Business Machines during the 1st quarter worth $28,000. Dagco Inc. bought a new stake in shares of International Business Machines during the 1st quarter valued at $31,000. Silicon Valley Capital Partners lifted its stake in shares of International Business Machines by 322.6% in the 1st 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. Finally, Highline Wealth Partners LLC boosted its position in shares of International Business Machines by 85.0% in the 2nd quarter. Highline Wealth Partners LLC now owns 111 shares of the technology company’s stock worth $33,000 after purchasing an additional 51 shares during the last quarter. 58.96% of the stock is currently owned by institutional investors and hedge funds.

International Business Machines Price Performance

NYSE IBM opened at $288.48 on Thursday. The company has a market capitalization of $269.66 billion, a PE ratio of 34.51, a price-to-earnings-growth ratio of 4.33 and a beta of 0.71. International Business Machines Corporation has a 12-month low of $209.77 and a 12-month high of $324.90. The firm’s 50 day moving average is $288.00 and its 200-day moving average is $272.62. 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 (NYSE:IBM) last posted its quarterly earnings data on Wednesday, October 22nd. The technology company reported $2.65 EPS for the quarter, topping 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 net margin of 12.09% and a return on equity of 37.76%. The company’s quarterly revenue was up 9.1% on a year-over-year basis. During the same period in the prior year, the business posted $2.30 EPS. International Business Machines has set its FY 2025 guidance at EPS. Equities research 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 business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Monday, November 10th will be paid a dividend of $1.68 per share. The ex-dividend date is Monday, November 10th. This represents a $6.72 dividend on an annualized basis and a dividend yield of 2.3%. International Business Machines’s dividend payout ratio is currently 80.38%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on IBM. Erste Group Bank lowered International Business Machines from a “buy” rating to a “hold” rating in a research note on Thursday, August 14th. JPMorgan Chase & Co. boosted their target price on International Business Machines from $244.00 to $290.00 and gave the company a “neutral” rating in a research note on Thursday, July 24th. Wall Street Zen upgraded International Business Machines from a “hold” rating to a “buy” rating in a report on Sunday, October 26th. UBS Group increased their target price on International Business Machines from $200.00 to $210.00 and gave the stock a “sell” rating in a research note on Thursday, October 23rd. Finally, Royal Bank Of Canada cut their price target on shares of International Business Machines from $315.00 to $300.00 and set an “outperform” 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 given a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, International Business Machines presently has an average rating of “Moderate Buy” and an average price target of $288.00.

International Business Machines 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.