Texas Bank & Trust Co Has $1.85 Million Holdings in International Business Machines Corporation $IBM

Texas Bank & Trust Co boosted its holdings in International Business Machines Corporation (NYSE:IBM) by 1.9% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,442 shares of the technology company’s stock after buying an additional 140 shares during the quarter. Texas Bank & Trust Co’s holdings in International Business Machines were worth $1,851,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Christopher J. Hasenberg Inc bought a new position in International Business Machines in the first quarter valued at about $27,000. SSA Swiss Advisors AG bought a new position in International Business Machines in the first quarter valued at about $28,000. Dagco Inc. bought a new position in International Business Machines in the first quarter valued at about $31,000. Harel Insurance Investments & Financial Services Ltd. bought a new position in International Business Machines in the first quarter valued at about $45,000. Finally, Park Square Financial Group LLC bought a new position in International Business Machines in the fourth quarter valued at about $43,000. 58.96% of the stock is currently owned by institutional investors.

International Business Machines Trading Down 0.9%

Shares of IBM stock opened at $243.59 on Friday. The company has a market cap of $226.39 billion, a P/E ratio of 39.54, a PEG ratio of 3.78 and a beta of 0.69. The stock has a 50 day simple moving average of $265.72 and a two-hundred day simple moving average of $257.63. The company has a debt-to-equity ratio of 2.00, a quick ratio of 0.87 and a current ratio of 0.91. International Business Machines Corporation has a fifty-two week low of $198.27 and a fifty-two week high of $296.16.

International Business Machines (NYSE:IBM) last issued its earnings results on Wednesday, July 23rd. The technology company reported $2.80 earnings per share for the quarter, topping analysts’ consensus estimates of $2.65 by $0.15. International Business Machines had a return on equity of 37.62% and a net margin of 9.11%.The business had revenue of $16.98 billion during the quarter, compared to the consensus estimate of $16.58 billion. During the same period in the previous year, the company posted $2.43 earnings per share. The firm’s revenue for the quarter was up 7.7% on a year-over-year basis. International Business Machines has set its FY 2025 guidance at EPS. Research analysts forecast that International Business Machines Corporation will post 10.78 earnings per share for the current year.

International Business Machines Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Friday, August 8th will be paid a $1.68 dividend. This represents a $6.72 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend is Friday, August 8th. International Business Machines’s dividend payout ratio (DPR) is 109.09%.

Analysts Set New Price Targets

IBM has been the subject of several research reports. Erste Group Bank downgraded International Business Machines from a “buy” rating to a “hold” rating in a research report on Thursday, August 14th. UBS Group raised their price objective on International Business Machines from $195.00 to $200.00 and gave the stock a “sell” rating in a research report on Thursday, July 24th. BMO Capital Markets raised their price objective on International Business Machines from $260.00 to $300.00 and gave the stock a “market perform” rating in a research report on Friday, July 18th. Royal Bank Of Canada raised their price objective on International Business Machines from $285.00 to $315.00 and gave the stock an “outperform” rating in a research report on Thursday, July 17th. Finally, Wall Street Zen upgraded International Business Machines from a “hold” rating to a “buy” rating in a research report on Saturday, July 26th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, International Business Machines has an average rating of “Hold” and a consensus price target of $268.75.

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.