Zions Bancorporation National Association UT Purchases 287 Shares of International Business Machines Corporation $IBM

Zions Bancorporation National Association UT raised its position in International Business Machines Corporation (NYSE:IBM) by 20.4% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 1,693 shares of the technology company’s stock after acquiring an additional 287 shares during the period. Zions Bancorporation National Association UT’s holdings in International Business Machines were worth $499,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of IBM. Brooklyn Investment Group grew its holdings in International Business Machines by 32.7% during the 1st quarter. Brooklyn Investment Group now owns 6,622 shares of the technology company’s stock worth $1,647,000 after acquiring an additional 1,630 shares during the last quarter. Edgar Lomax Co. VA raised its stake in shares of International Business Machines by 5.7% during the first quarter. Edgar Lomax Co. VA now owns 235,967 shares of the technology company’s stock valued at $58,676,000 after acquiring an additional 12,690 shares during the last quarter. Wedbush Securities Inc. lifted its holdings in shares of International Business Machines by 5.6% during the first quarter. Wedbush Securities Inc. now owns 62,067 shares of the technology company’s stock worth $15,434,000 after purchasing an additional 3,276 shares during the period. Nationale Nederlanden Powszechne Towarzystwo Emerytalne S.A. bought a new stake in shares of International Business Machines in the first quarter worth $4,608,000. Finally, CWM LLC increased its holdings in International Business Machines by 3.0% in the second quarter. CWM LLC now owns 122,623 shares of the technology company’s stock valued at $36,147,000 after purchasing an additional 3,537 shares during the period. Institutional investors and hedge funds own 58.96% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on IBM. Jefferies Financial Group raised their price objective on International Business Machines from $280.00 to $305.00 and gave the stock a “hold” rating in a research report on Tuesday, October 21st. BMO Capital Markets upped their price objective on shares of International Business Machines from $300.00 to $305.00 and gave the company a “market perform” rating in a research note on Thursday, October 23rd. Morgan Stanley lowered their target price on shares of International Business Machines from $256.00 to $252.00 and set an “equal weight” rating for the company in a research note on Thursday, October 23rd. Sanford C. Bernstein assumed coverage on International Business Machines in a report on Monday, September 15th. They set a “market perform” rating and a $280.00 price target for the company. Finally, JPMorgan Chase & Co. boosted their price objective 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. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, International Business Machines has a consensus rating of “Moderate Buy” and an average price target of $288.00.

International Business Machines Stock Up 1.0%

Shares of NYSE:IBM opened at $309.37 on Tuesday. The company has a debt-to-equity ratio of 1.97, a quick ratio of 0.89 and a current ratio of 0.93. International Business Machines Corporation has a 52-week low of $204.07 and a 52-week high of $319.35. The business’s 50 day simple moving average is $280.77 and its two-hundred day simple moving average is $269.75. The firm has a market cap of $289.18 billion, a P/E ratio of 37.01, a PEG ratio of 4.33 and a beta of 0.71.

International Business Machines (NYSE:IBM) last posted its quarterly earnings results on Wednesday, October 22nd. The technology company reported $2.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.45 by $0.20. The business 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%. International Business Machines’s revenue was up 9.1% compared to the same quarter last year. During the same quarter last year, the firm posted $2.30 EPS. International Business Machines has set its FY 2025 guidance at EPS. As a group, research analysts forecast that International Business Machines Corporation will post 10.78 EPS for the current fiscal year.

International Business Machines Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders 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 yield of 2.2%. International Business Machines’s payout ratio is 80.38%.

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.