Sunflower Bank N.A. Sells 102 Shares of International Business Machines Corporation $IBM

Sunflower Bank N.A. cut its stake in shares of International Business Machines Corporation (NYSE:IBM) by 10.6% in the 2nd quarter, HoldingsChannel reports. The firm owned 856 shares of the technology company’s stock after selling 102 shares during the period. Sunflower Bank N.A.’s holdings in International Business Machines were worth $252,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Christopher J. Hasenberg Inc bought a new stake in shares of International Business Machines in the 1st quarter worth approximately $27,000. SSA Swiss Advisors AG bought a new stake in shares of International Business Machines in the 1st quarter worth approximately $28,000. Dagco Inc. bought a new stake in shares of International Business Machines in the 1st quarter worth approximately $31,000. Silicon Valley Capital Partners lifted its holdings 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 worth $32,000 after acquiring an additional 100 shares during the last quarter. Finally, Compass Financial Services Inc lifted its holdings in shares of International Business Machines by 41.5% in the 1st quarter. Compass Financial Services Inc now owns 167 shares of the technology company’s stock worth $42,000 after acquiring an additional 49 shares during the last quarter. 58.96% of the stock is currently owned by institutional investors.

International Business Machines Stock Performance

Shares of International Business Machines stock opened at $258.92 on Thursday. The stock has a market cap of $240.64 billion, a price-to-earnings ratio of 42.03, a PEG ratio of 3.97 and a beta of 0.71. The firm’s 50-day moving average is $255.59 and its 200 day moving average is $257.00. International Business Machines Corporation has a 1 year low of $203.51 and a 1 year high of $296.16. The company has a debt-to-equity ratio of 2.00, a current ratio of 0.91 and a quick ratio of 0.87.

International Business Machines (NYSE:IBM) last announced its quarterly earnings results on Wednesday, July 23rd. The technology company reported $2.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.65 by $0.15. The company had revenue of $16.98 billion for the quarter, compared to analysts’ expectations 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 revenue was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.43 EPS. International Business Machines has set its FY 2025 guidance at EPS. Sell-side analysts anticipate that International Business Machines Corporation will post 10.78 EPS for the current fiscal year.

International Business Machines Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 8th were paid a dividend of $1.68 per share. The ex-dividend date was Friday, August 8th. This represents a $6.72 annualized dividend and a yield of 2.6%. International Business Machines’s dividend payout ratio is currently 109.09%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on IBM. BMO Capital Markets boosted their price objective on shares of International Business Machines from $260.00 to $300.00 and gave the stock a “market perform” rating in a report on Friday, July 18th. Royal Bank Of Canada lifted their target price on shares of International Business Machines from $285.00 to $315.00 and gave the stock an “outperform” rating in a research note on Thursday, July 17th. The Goldman Sachs Group lifted 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 note on Wednesday, July 2nd. Erste Group Bank downgraded shares of International Business Machines from a “buy” rating to a “hold” rating in a research note on Thursday, August 14th. Finally, Melius Research raised shares of International Business Machines to a “strong-buy” rating in a research note on Monday, July 7th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $275.00.

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.