OLD Second National Bank of Aurora Has $351,000 Stock Holdings in International Business Machines Co. (NYSE:IBM)

OLD Second National Bank of Aurora decreased its position in International Business Machines Co. (NYSE:IBM) by 29.4% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 1,836 shares of the technology company’s stock after selling 764 shares during the quarter. OLD Second National Bank of Aurora’s holdings in International Business Machines were worth $351,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. VitalStone Financial LLC bought a new stake in shares of International Business Machines in the 1st quarter worth about $84,000. Advisory Services Network LLC grew its holdings in shares of International Business Machines by 5.6% in the 1st quarter. Advisory Services Network LLC now owns 83,360 shares of the technology company’s stock worth $15,918,000 after purchasing an additional 4,434 shares during the last quarter. TFG Advisers LLC grew its holdings in shares of International Business Machines by 9.2% in the 1st quarter. TFG Advisers LLC now owns 9,213 shares of the technology company’s stock worth $1,759,000 after purchasing an additional 776 shares during the last quarter. Bard Financial Services Inc. grew its holdings in International Business Machines by 0.5% during the 1st quarter. Bard Financial Services Inc. now owns 30,860 shares of the technology company’s stock worth $5,893,000 after acquiring an additional 150 shares during the last quarter. Finally, Advisory Alpha LLC grew its holdings in International Business Machines by 1.5% during the 1st quarter. Advisory Alpha LLC now owns 7,683 shares of the technology company’s stock worth $1,467,000 after acquiring an additional 114 shares during the last quarter. Institutional investors own 58.96% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. Morgan Stanley decreased their price objective on shares of International Business Machines from $186.00 to $179.00 and set an “equal weight” rating on the stock in a report on Friday, April 26th. JPMorgan Chase & Co. decreased their price objective on shares of International Business Machines from $190.00 to $185.00 and set a “neutral” rating on the stock in a report on Thursday, April 25th. BMO Capital Markets decreased their price objective on shares of International Business Machines from $210.00 to $190.00 and set a “market perform” rating on the stock in a report on Thursday, April 25th. UBS Group upped their target price on shares of International Business Machines from $125.00 to $130.00 and gave the company a “sell” rating in a research report on Monday, April 22nd. Finally, Jefferies Financial Group cut their target price on shares of International Business Machines from $215.00 to $210.00 and set a “hold” rating on the stock in a research report on Tuesday, April 23rd. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $182.53.

International Business Machines Stock Up 2.8 %

Shares of NYSE:IBM traded up $4.92 during trading on Friday, hitting $183.23. 2,419,209 shares of the company’s stock traded hands, compared to its average volume of 4,434,413. International Business Machines Co. has a 52 week low of $132.94 and a 52 week high of $199.18. The company has a current ratio of 1.13, a quick ratio of 1.09 and a debt-to-equity ratio of 2.32. The company has a market cap of $168.32 billion, a price-to-earnings ratio of 20.46, a price-to-earnings-growth ratio of 4.39 and a beta of 0.71. The company has a 50-day moving average price of $170.81 and a 200-day moving average price of $177.30.

International Business Machines (NYSE:IBM) last released its quarterly earnings data on Tuesday, April 30th. The technology company reported $1.68 earnings per share for the quarter, beating the consensus estimate of $1.59 by $0.09. International Business Machines had a return on equity of 40.21% and a net margin of 13.18%. The business had revenue of $14.46 billion for the quarter, compared to analysts’ expectations of $14.53 billion. During the same quarter in the previous year, the business posted $1.36 EPS. International Business Machines’s revenue for the quarter was up 1.5% on a year-over-year basis. As a group, research analysts forecast that International Business Machines Co. will post 9.9 EPS for the current fiscal year.

International Business Machines Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 10th. Shareholders of record on Friday, May 10th were paid a $1.67 dividend. This is a boost from International Business Machines’s previous quarterly dividend of $1.66. The ex-dividend date of this dividend was Thursday, May 9th. This represents a $6.68 annualized dividend and a yield of 3.65%. International Business Machines’s payout ratio is presently 75.65%.

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.