OLD National Bancorp IN Has $11.14 Million Stock Holdings in International Business Machines Corporation $IBM

OLD National Bancorp IN lifted its stake in shares of International Business Machines Corporation (NYSE:IBM) by 191.4% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 37,803 shares of the technology company’s stock after buying an additional 24,831 shares during the quarter. OLD National Bancorp IN’s holdings in International Business Machines were worth $11,144,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Olistico Wealth LLC raised its stake in International Business Machines by 1.7% in the 2nd quarter. Olistico Wealth LLC now owns 4,135 shares of the technology company’s stock worth $1,219,000 after purchasing an additional 70 shares in the last quarter. Carolina Wealth Advisors LLC bought a new position in International Business Machines in the 2nd quarter valued at about $44,000. Wealthcare Capital Partners LLC bought a new position in International Business Machines in the 2nd quarter valued at about $234,000. Wealthcare Advisory Partners LLC increased its holdings in International Business Machines by 10.7% in the 2nd quarter. Wealthcare Advisory Partners LLC now owns 21,072 shares of the technology company’s stock valued at $6,212,000 after buying an additional 2,042 shares during the period. Finally, Tandem Investment Partners LLC increased its holdings in International Business Machines by 14.8% in the 2nd quarter. Tandem Investment Partners LLC now owns 2,249 shares of the technology company’s stock valued at $663,000 after buying an additional 290 shares during the period. Institutional investors and hedge funds own 58.96% of the company’s stock.

International Business Machines Trading Up 0.7%

Shares of International Business Machines stock opened at $288.62 on Friday. The firm has a market capitalization of $268.25 billion, a PE ratio of 46.85, a price-to-earnings-growth ratio of 4.44 and a beta of 0.73. The company has a current ratio of 0.91, a quick ratio of 0.87 and a debt-to-equity ratio of 2.00. The firm’s 50 day moving average is $255.18 and its 200 day moving average is $259.27. International Business Machines Corporation has a 1 year low of $203.51 and a 1 year high of $296.16.

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

International Business Machines Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 8th were given 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 2.3%. International Business Machines’s dividend payout ratio (DPR) is currently 109.09%.

Wall Street Analyst Weigh In

IBM has been the topic of several recent analyst reports. BMO Capital Markets raised their target price on shares of International Business Machines from $260.00 to $300.00 and gave the company a “market perform” rating in a report on Friday, July 18th. Sanford C. Bernstein initiated coverage on shares of International Business Machines in a report on Monday, September 15th. They issued a “market perform” rating and a $280.00 target price on the stock. Bank of America decreased their target price on shares of International Business Machines from $320.00 to $310.00 and set a “buy” rating on the stock in a report on Thursday, July 24th. Royal Bank Of Canada lifted their price target on shares of International Business Machines from $285.00 to $315.00 and gave the company an “outperform” rating in a report on Thursday, July 17th. Finally, Erste Group Bank lowered shares of International Business Machines from a “buy” rating to a “hold” rating in a report on Thursday, August 14th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $284.62.

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.