Indiana Trust & Investment Management Co Sells 45 Shares of International Business Machines Co. (NYSE:IBM)

Indiana Trust & Investment Management Co lessened its holdings in shares of International Business Machines Co. (NYSE:IBM) by 1.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,140 shares of the technology company’s stock after selling 45 shares during the quarter. Indiana Trust & Investment Management Co’s holdings in International Business Machines were worth $694,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of IBM. FPC Investment Advisory Inc. bought a new stake in shares of International Business Machines in the 1st quarter worth about $26,000. ESL Trust Services LLC purchased a new stake in shares of International Business Machines during the 1st quarter worth $28,000. Creekmur Asset Management LLC bought a new stake in shares of International Business Machines in the 4th quarter valued at about $29,000. Oliver Lagore Vanvalin Investment Group purchased a new position in International Business Machines in the second quarter worth $36,000. Finally, Financial Synergies Wealth Advisors Inc. increased its position in International Business Machines by 164.0% during the 1st quarter. Financial Synergies Wealth Advisors Inc. now owns 198 shares of the technology company’s stock valued at $38,000 after buying an additional 123 shares in the last quarter. Institutional investors own 58.96% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on IBM shares. The Goldman Sachs Group increased their price objective on International Business Machines from $220.00 to $250.00 and gave the company a “buy” rating in a report on Monday, September 30th. Royal Bank of Canada lifted their price target on International Business Machines from $211.00 to $250.00 and gave the company an “outperform” rating in a research note on Thursday, October 10th. Stifel Nicolaus upped their price target on shares of International Business Machines from $205.00 to $246.00 and gave the stock a “buy” rating in a research report on Wednesday. UBS Group lifted their target price on shares of International Business Machines from $130.00 to $145.00 and gave the stock a “sell” rating in a research note on Wednesday, September 4th. Finally, Jefferies Financial Group increased their price target on International Business Machines from $190.00 to $200.00 and gave the company a “hold” rating in a report on Thursday, July 25th. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $200.82.

International Business Machines Price Performance

IBM stock traded down $0.32 during trading on Wednesday, reaching $232.64. 1,144,847 shares of the company were exchanged, compared to its average volume of 4,180,340. The company has a debt-to-equity ratio of 2.20, a quick ratio of 1.08 and a current ratio of 1.12. The company has a market cap of $213.70 billion, a P/E ratio of 26.26, a PEG ratio of 5.21 and a beta of 0.70. International Business Machines Co. has a 52-week low of $135.87 and a 52-week high of $237.37. The stock’s 50 day moving average price is $209.64 and its 200 day moving average price is $188.23.

International Business Machines (NYSE:IBM) last posted its quarterly earnings data on Wednesday, July 24th. The technology company reported $2.43 EPS for the quarter, beating analysts’ consensus estimates of $2.16 by $0.27. International Business Machines had a return on equity of 40.59% and a net margin of 13.52%. The business had revenue of $15.77 billion for the quarter, compared to analyst estimates of $15.62 billion. During the same quarter last year, the company earned $2.18 earnings per share. The business’s revenue for the quarter was up 1.9% compared to the same quarter last year. As a group, analysts predict that International Business Machines Co. will post 10.1 earnings per share for the current fiscal year.

International Business Machines Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Friday, August 9th were given a dividend of $1.67 per share. The ex-dividend date of this dividend was Friday, August 9th. This represents a $6.68 dividend on an annualized basis and a yield of 2.87%. International Business Machines’s dividend payout ratio (DPR) is 75.65%.

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.