Stock Yards Bank & Trust Co. Boosts Stock Position in International Business Machines Corporation $IBM

Stock Yards Bank & Trust Co. increased its stake in shares of International Business Machines Corporation (NYSE:IBM) by 3.7% in the second quarter, HoldingsChannel reports. The firm owned 26,279 shares of the technology company’s stock after buying an additional 945 shares during the quarter. Stock Yards Bank & Trust Co.’s holdings in International Business Machines were worth $7,747,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Whelan Financial increased its position in International Business Machines by 2.4% during the 2nd quarter. Whelan Financial now owns 1,525 shares of the technology company’s stock worth $450,000 after purchasing an additional 36 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its position in International Business Machines by 9.3% during the 2nd quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 48,474 shares of the technology company’s stock worth $14,289,000 after purchasing an additional 4,122 shares in the last quarter. HighMark Wealth Management LLC purchased a new stake in International Business Machines during the 2nd quarter worth about $230,000. DHJJ Financial Advisors Ltd. increased its position in International Business Machines by 273.4% during the 2nd quarter. DHJJ Financial Advisors Ltd. now owns 519 shares of the technology company’s stock worth $153,000 after purchasing an additional 380 shares in the last quarter. Finally, Custos Family Office LLC purchased a new stake in International Business Machines during the 2nd quarter worth about $251,000. Hedge funds and other institutional investors own 58.96% of the company’s stock.

Analysts Set New Price Targets

Several analysts have commented on the company. Bank of America lowered their price target on International Business Machines from $320.00 to $310.00 and set a “buy” rating for the company in a report on Thursday, July 24th. Wedbush lifted their price target on International Business Machines from $300.00 to $325.00 and gave the company an “outperform” rating in a report on Friday, June 20th. Sanford C. Bernstein assumed coverage on International Business Machines in a report on Monday, September 15th. They issued a “market perform” rating and a $280.00 price target for the company. UBS Group lifted their price target on International Business Machines from $195.00 to $200.00 and gave the company a “sell” rating in a report on Thursday, July 24th. Finally, BMO Capital Markets lifted their price target on International Business Machines from $260.00 to $300.00 and gave the company a “market perform” rating in a report on Friday, July 18th. One 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 given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $284.62.

International Business Machines Stock Performance

NYSE IBM opened at $288.62 on Friday. The firm has a market capitalization of $268.25 billion, a P/E ratio of 46.85, a P/E/G ratio of 4.41 and a beta of 0.73. 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. The business’s 50-day simple moving average is $255.18 and its 200-day simple moving average is $259.22.

International Business Machines (NYSE:IBM) last released its quarterly earnings data on Wednesday, July 23rd. The technology company reported $2.80 earnings per share for the quarter, beating the consensus estimate of $2.65 by $0.15. The business had revenue of $16.98 billion for the quarter, compared to analyst estimates of $16.58 billion. International Business Machines had a return on equity of 37.62% and a net margin of 9.11%.The company’s revenue was up 7.7% compared to the same quarter last year. During the same period in the previous year, the company posted $2.43 EPS. International Business Machines has set its FY 2025 guidance at EPS. Equities analysts predict that International Business Machines Corporation will post 10.78 EPS for the current year.

International Business Machines Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 8th were paid a $1.68 dividend. This represents a $6.72 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend was Friday, August 8th. International Business Machines’s payout ratio is currently 109.09%.

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.