First Hawaiian Bank Has $1.07 Million Stock Position in International Business Machines Corporation $IBM

Key Points

• First Hawaiian Bank significantly reduced its stake in International Business Machines Corporation by 72.6%, holding 4,312 shares valued at approximately $1.07 million after selling 11,410 shares.
• Analysts have raised their target prices for IBM shares, with BMO Capital Markets increasing theirs from $260 to $300 and Wedbush going from $300 to $325.
• IBM recently reported earnings of $2.80 per share, exceeding expectations of $2.65, while revenue increased by 7.7% year-over-year to $16.98 billion.

First Hawaiian Bank cut its stake in International Business Machines Corporation (NYSE:IBM - Free Report) by 72.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,312 shares of the technology company's stock after selling 11,410 shares during the period. First Hawaiian Bank's holdings in International Business Machines were worth $1,072,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. CBIZ Investment Advisory Services LLC increased its position in International Business Machines by 51.9% in the first quarter. CBIZ Investment Advisory Services LLC now owns 313 shares of the technology company's stock worth $78,000 after purchasing an additional 107 shares during the period. Modern Wealth Management LLC boosted its stake in International Business Machines by 17.8% in the first quarter. Modern Wealth Management LLC now owns 17,477 shares of the technology company's stock valued at $4,346,000 after acquiring an additional 2,640 shares during the last quarter. Parkshore Wealth Management Inc. acquired a new stake in International Business Machines during the 1st quarter worth $223,000. Jones Financial Companies Lllp raised its position in shares of International Business Machines by 25.8% during the 1st quarter. Jones Financial Companies Lllp now owns 164,539 shares of the technology company's stock valued at $40,210,000 after acquiring an additional 33,725 shares during the last quarter. Finally, Silicon Valley Capital Partners lifted its stake 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 valued at $32,000 after purchasing an additional 100 shares during the period. Institutional investors and hedge funds own 58.96% of the company's stock.

Analyst Upgrades and Downgrades

IBM has been the topic of a number of recent analyst reports. BMO Capital Markets raised their target price on International Business Machines from $260.00 to $300.00 and gave the stock a "market perform" rating in a report on Friday, July 18th. Wall Street Zen upgraded shares of International Business Machines from a "hold" rating to a "buy" rating in a report on Saturday, July 26th. Wedbush upped their target price on shares of International Business Machines from $300.00 to $325.00 and gave the company an "outperform" rating in a research note on Friday, June 20th. Stifel Nicolaus lifted their price target on shares of International Business Machines from $290.00 to $310.00 and gave the stock a "buy" rating in a research report on Wednesday, July 16th. Finally, The Goldman Sachs Group upped their price objective on shares of International Business Machines from $270.00 to $310.00 and gave the company a "buy" rating in a research report on Wednesday, July 2nd. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, nine have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $270.67.

International Business Machines Trading Down 1.4%

Shares of NYSE:IBM opened at $253.46 on Friday. The firm has a market cap of $235.56 billion, a price-to-earnings ratio of 41.15, a PEG ratio of 3.96 and a beta of 0.71. International Business Machines Corporation has a 12 month low of $203.51 and a 12 month high of $296.16. The company's fifty day simple moving average is $257.59 and its 200 day simple moving average is $256.94. The company has a quick ratio of 0.87, a current ratio of 0.91 and a debt-to-equity ratio of 2.00.

International Business Machines (NYSE:IBM - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The technology company reported $2.80 earnings per share for the quarter, topping the consensus estimate of $2.65 by $0.15. The company had revenue of $16.98 billion during the quarter, compared to analysts' expectations of $16.58 billion. International Business Machines had a return on equity of 37.62% and a net margin of 9.11%.International Business Machines's revenue for the quarter was up 7.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.43 earnings per share. 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 Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 8th were issued a $1.68 dividend. The ex-dividend date was Friday, August 8th. This represents a $6.72 dividend on an annualized basis and a dividend yield of 2.7%. International Business Machines's dividend payout ratio (DPR) is 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.

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