OLD Second National Bank of Aurora Sells 800 Shares of International Business Machines Co. (NYSE:IBM)

OLD Second National Bank of Aurora decreased its stake in International Business Machines Co. (NYSE:IBM) by 23.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,600 shares of the technology company’s stock after selling 800 shares during the period. OLD Second National Bank of Aurora’s holdings in International Business Machines were worth $425,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. Cornerstone Planning Group LLC acquired a new stake in International Business Machines in the 2nd quarter valued at about $28,000. Live Oak Investment Partners acquired a new stake in International Business Machines in the 4th quarter valued at about $30,000. Briaud Financial Planning Inc acquired a new stake in International Business Machines in the 3rd quarter valued at about $31,000. PCA Investment Advisory Services Inc. acquired a new stake in International Business Machines in the 2nd quarter valued at about $31,000. Finally, Stone House Investment Management LLC lifted its stake in International Business Machines by 971.4% in the 3rd quarter. Stone House Investment Management LLC now owns 225 shares of the technology company’s stock valued at $32,000 after purchasing an additional 204 shares during the last quarter. Institutional investors own 58.96% of the company’s stock.

International Business Machines Stock Performance

NYSE IBM opened at $181.44 on Friday. The company has a debt-to-equity ratio of 2.22, a quick ratio of 0.93 and a current ratio of 0.96. International Business Machines Co. has a fifty-two week low of $120.55 and a fifty-two week high of $199.18. The stock has a market cap of $166.33 billion, a PE ratio of 22.32, a PEG ratio of 3.58 and a beta of 0.70. The firm’s fifty day moving average price is $188.56 and its two-hundred day moving average price is $168.63.

International Business Machines (NYSE:IBM) last issued its quarterly earnings data on Wednesday, January 24th. The technology company reported $3.87 earnings per share for the quarter, topping the consensus estimate of $3.78 by $0.09. International Business Machines had a net margin of 12.13% and a return on equity of 39.55%. The company had revenue of $17.38 billion for the quarter, compared to analysts’ expectations of $17.29 billion. During the same quarter in the previous year, the firm posted $3.60 earnings per share. International Business Machines’s revenue for the quarter was up 4.1% on a year-over-year basis. On average, equities analysts expect that International Business Machines Co. will post 10.07 EPS for the current fiscal year.

International Business Machines Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Saturday, March 9th. Investors of record on Friday, February 9th were paid a $1.66 dividend. The ex-dividend date was Thursday, February 8th. This represents a $6.64 annualized dividend and a dividend yield of 3.66%. International Business Machines’s dividend payout ratio is 81.67%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Sanford C. Bernstein raised their target price on shares of International Business Machines from $165.00 to $186.00 and gave the company a “market perform” rating in a research note on Thursday, March 7th. Evercore upgraded shares of International Business Machines from an “in-line” rating to an “outperform” rating and raised their price objective for the stock from $165.00 to $200.00 in a research report on Friday, January 19th. Bank of America raised their price objective on shares of International Business Machines from $200.00 to $220.00 and gave the stock a “buy” rating in a research report on Thursday, March 14th. Jefferies Financial Group began coverage on shares of International Business Machines in a research report on Friday, January 5th. They set a “hold” rating and a $180.00 price objective for the company. Finally, Royal Bank of Canada raised their price objective on shares of International Business Machines from $179.00 to $200.00 and gave the stock an “outperform” rating in a research report on Thursday, January 25th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $178.67.

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.