Field & Main Bank Purchases 90 Shares of International Business Machines Corporation $IBM

Field & Main Bank raised its position in International Business Machines Corporation (NYSE:IBM) by 0.5% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 16,894 shares of the technology company’s stock after acquiring an additional 90 shares during the quarter. International Business Machines makes up about 1.6% of Field & Main Bank’s investment portfolio, making the stock its 15th largest holding. Field & Main Bank’s holdings in International Business Machines were worth $4,980,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the company. Family CFO Inc bought a new position in International Business Machines during the second quarter worth about $25,000. Christopher J. Hasenberg Inc acquired a new stake in shares of International Business Machines in the first quarter valued at approximately $27,000. SSA Swiss Advisors AG bought a new position in shares of International Business Machines during the 1st quarter worth approximately $28,000. Dagco Inc. acquired a new position in shares of International Business Machines during the 1st quarter worth approximately $31,000. Finally, Silicon Valley Capital Partners lifted its holdings 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 purchasing an additional 100 shares during the last quarter. 58.96% of the stock is currently owned by institutional investors and hedge funds.

International Business Machines Stock Down 1.4%

NYSE IBM opened at $308.17 on Thursday. The company has a market cap of $288.05 billion, a price-to-earnings ratio of 36.86, a PEG ratio of 4.39 and a beta of 0.73. International Business Machines Corporation has a 1-year low of $203.51 and a 1-year high of $319.35. The company has a current ratio of 0.93, a quick ratio of 0.89 and a debt-to-equity ratio of 1.97. The company has a 50 day moving average of $270.43 and a 200-day moving average of $265.70.

International Business Machines (NYSE:IBM) last announced its quarterly earnings data on Wednesday, October 22nd. The technology company reported $2.65 earnings per share for the quarter, beating the consensus estimate of $2.45 by $0.20. The firm had revenue of $16.33 billion during the quarter, compared to analysts’ expectations of $16.10 billion. International Business Machines had a return on equity of 37.76% and a net margin of 12.09%.The company’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.30 EPS. International Business Machines has set its FY 2025 guidance at EPS. On average, equities research analysts expect that International Business Machines Corporation will post 10.78 earnings per share for the current fiscal year.

International Business Machines Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Monday, November 10th will be paid a $1.68 dividend. This represents a $6.72 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend is Monday, November 10th. International Business Machines’s dividend payout ratio (DPR) is 80.38%.

Wall Street Analysts Forecast Growth

IBM has been the topic of several research reports. Sanford C. Bernstein assumed coverage on shares of International Business Machines in a report on Monday, September 15th. They issued a “market perform” rating and a $280.00 price objective on the stock. Erste Group Bank lowered shares of International Business Machines from a “buy” rating to a “hold” rating in a research note on Thursday, August 14th. BMO Capital Markets increased their price target on shares of International Business Machines from $300.00 to $305.00 and gave the company a “market perform” rating in a report on Thursday, October 23rd. JPMorgan Chase & Co. boosted their price objective on International Business Machines from $244.00 to $290.00 and gave the stock a “neutral” rating in a report on Thursday, July 24th. Finally, 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. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus 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.