Columbia Bank Raises Holdings in International Business Machines Corporation $IBM

Columbia Bank grew its stake in International Business Machines Corporation (NYSE:IBM) by 17.2% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 3,149 shares of the technology company’s stock after buying an additional 461 shares during the quarter. Columbia Bank’s holdings in International Business Machines were worth $915,000 as of its most recent filing with the SEC.

A number of other large investors have also recently made changes to their positions in IBM. Family CFO Inc purchased a new position in International Business Machines in the second quarter worth approximately $25,000. Winnow Wealth LLC purchased a new stake in shares of International Business Machines during the 2nd quarter worth $27,000. SSA Swiss Advisors AG acquired a new position in shares of International Business Machines during the first quarter worth $28,000. Dagco Inc. purchased a new position in International Business Machines in the first quarter valued at $31,000. Finally, Silicon Valley Capital Partners raised its stake in International Business Machines by 322.6% in the first quarter. Silicon Valley Capital Partners now owns 131 shares of the technology company’s stock valued at $32,000 after buying an additional 100 shares in the last quarter. 58.96% of the stock is currently owned by hedge funds and other institutional investors.

International Business Machines Trading Up 2.4%

NYSE IBM opened at $304.58 on Tuesday. The firm’s fifty day moving average is $290.52 and its two-hundred day moving average is $273.74. International Business Machines Corporation has a one year low of $214.50 and a one year high of $324.90. The company has a debt-to-equity ratio of 1.97, a quick ratio of 0.89 and a current ratio of 0.93. The firm has a market cap of $284.70 billion, a PE ratio of 36.43, a P/E/G ratio of 4.33 and a beta of 0.71.

International Business Machines (NYSE:IBM) last announced its earnings results on Wednesday, October 22nd. The technology company reported $2.65 earnings per share for the quarter, topping 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%. The business’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.30 earnings per share. International Business Machines has set its FY 2025 guidance at EPS. Analysts expect that International Business Machines Corporation will post 10.78 earnings per share for the current year.

International Business Machines Dividend Announcement

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

Analysts Set New Price Targets

IBM has been the subject of several analyst reports. Erste Group Bank cut International Business Machines from a “buy” rating to a “hold” rating in a research report on Thursday, August 14th. Sanford C. Bernstein initiated coverage on International Business Machines in a report on Monday, September 15th. They issued a “market perform” rating and a $280.00 price target for the company. Oppenheimer began coverage on shares of International Business Machines in a report on Friday. They set an “outperform” rating and a $360.00 price objective on the stock. BMO Capital Markets upped their target price 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. Finally, Stifel Nicolaus dropped their target price on shares of International Business Machines from $310.00 to $295.00 and set a “buy” rating on the stock in a research report on Thursday, October 23rd. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $291.08.

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.