Moody National Bank Trust Division Boosts Position in International Business Machines Corporation $IBM

Key Points

• Moody National Bank Trust Division boosted its stake in International Business Machines Corporation (IBM) by 15.9%, now holding 8,846 shares valued at approximately $2.61 million.
• Various institutional investors, including Lifestyle Asset Management Inc. and Blue Edge Capital LLC, have also recently increased their positions in IBM.
• IBM reported a quarterly earnings of $2.80 per share, exceeding analysts' expectations, with a revenue of $16.98 billion, showcasing a year-over-year increase of 7.7%.

Moody National Bank Trust Division grew its position in International Business Machines Corporation (NYSE:IBM - Free Report) by 15.9% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 8,846 shares of the technology company's stock after buying an additional 1,213 shares during the period. Moody National Bank Trust Division's holdings in International Business Machines were worth $2,608,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in IBM. Christopher J. Hasenberg Inc acquired a new position in shares of International Business Machines in the 1st quarter valued at $27,000. SSA Swiss Advisors AG acquired a new position in International Business Machines in the 1st quarter worth $28,000. Dagco Inc. bought a new position in International Business Machines during the 1st quarter worth about $31,000. Silicon Valley Capital Partners increased 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 worth $32,000 after purchasing an additional 100 shares in the last quarter. Finally, Compass Financial Services Inc increased its holdings in International Business Machines by 41.5% during the 1st quarter. Compass Financial Services Inc now owns 167 shares of the technology company's stock worth $42,000 after purchasing an additional 49 shares in the last quarter. 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 research analyst reports. BMO Capital Markets upped 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. UBS Group raised their target price on shares of International Business Machines from $195.00 to $200.00 and gave the company a "sell" rating in a research report on Thursday, July 24th. Stifel Nicolaus lifted their price target on shares of International Business Machines from $290.00 to $310.00 and gave the company a "buy" rating in a research note on Wednesday, July 16th. JPMorgan Chase & Co. lifted their price objective on shares of International Business Machines from $244.00 to $290.00 and gave the stock a "neutral" rating in a research report on Thursday, July 24th. Finally, Royal Bank Of Canada upped their target price on shares of International Business Machines from $285.00 to $315.00 and gave the stock an "outperform" rating in a report on Thursday, July 17th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, International Business Machines presently has a consensus rating of "Hold" and a consensus target price of $275.00.

International Business Machines Stock Performance

International Business Machines stock traded up $2.19 during mid-day trading on Friday, hitting $267.19. The company had a trading volume of 9,852,135 shares, compared to its average volume of 3,792,223. International Business Machines Corporation has a 12-month low of $203.51 and a 12-month high of $296.16. The company has a market capitalization of $248.33 billion, a price-to-earnings ratio of 43.38, a P/E/G ratio of 4.10 and a beta of 0.71. 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 company's fifty day moving average is $254.82 and its 200-day moving average is $257.25.

International Business Machines (NYSE:IBM - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The technology company reported $2.80 earnings per share for the quarter, beating analysts' consensus estimates of $2.65 by $0.15. The company 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 firm's revenue for the quarter was up 7.7% on a year-over-year basis. During the same quarter last year, the firm posted $2.43 EPS. International Business Machines has set its FY 2025 guidance at EPS. Equities research analysts predict that International Business Machines Corporation will post 10.78 EPS for the current year.

International Business Machines Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 8th were given a $1.68 dividend. This represents a $6.72 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend was Friday, August 8th. International Business Machines's payout ratio is currently 109.09%.

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.