First National Bank of Omaha Sells 110 Shares of International Business Machines Co. (NYSE:IBM)

First National Bank of Omaha reduced its position in shares of International Business Machines Co. (NYSE:IBM) by 1.3% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 8,371 shares of the technology company’s stock after selling 110 shares during the quarter. First National Bank of Omaha’s holdings in International Business Machines were worth $1,851,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Lantz Financial LLC grew its position in shares of International Business Machines by 0.9% during the 2nd quarter. Lantz Financial LLC now owns 11,935 shares of the technology company’s stock valued at $2,064,000 after acquiring an additional 107 shares during the period. Gemmer Asset Management LLC raised its stake in shares of International Business Machines by 31.3% in the second quarter. Gemmer Asset Management LLC now owns 1,510 shares of the technology company’s stock worth $261,000 after buying an additional 360 shares during the period. Burke & Herbert Bank & Trust Co. lifted its position in shares of International Business Machines by 229.1% during the 2nd quarter. Burke & Herbert Bank & Trust Co. now owns 7,661 shares of the technology company’s stock valued at $1,325,000 after buying an additional 5,333 shares in the last quarter. Meyer Handelman Co. grew its stake in shares of International Business Machines by 0.8% during the 2nd quarter. Meyer Handelman Co. now owns 360,465 shares of the technology company’s stock valued at $62,342,000 after acquiring an additional 2,890 shares during the period. Finally, Foguth Wealth Management LLC. increased its holdings in International Business Machines by 9.4% in the 2nd quarter. Foguth Wealth Management LLC. now owns 1,562 shares of the technology company’s stock worth $270,000 after acquiring an additional 134 shares in the last quarter. Hedge funds and other institutional investors own 58.96% of the company’s stock.

International Business Machines Price Performance

NYSE:IBM opened at $238.04 on Monday. The firm has a market capitalization of $220.10 billion, a price-to-earnings ratio of 34.65, a PEG ratio of 5.34 and a beta of 0.73. The company has a debt-to-equity ratio of 2.16, a current ratio of 1.06 and a quick ratio of 1.01. The business has a 50 day simple moving average of $221.74 and a 200-day simple moving average of $199.85. International Business Machines Co. has a 1 year low of $157.88 and a 1 year high of $238.38.

International Business Machines (NYSE:IBM) last issued its quarterly earnings results on Wednesday, October 23rd. The technology company reported $2.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.27 by $0.03. International Business Machines had a return on equity of 40.52% and a net margin of 10.22%. The company had revenue of $14.97 billion during the quarter, compared to the consensus estimate of $15.08 billion. During the same period last year, the company earned $2.20 earnings per share. International Business Machines’s revenue was up 1.5% on a year-over-year basis. Equities analysts forecast that International Business Machines Co. will post 10.12 EPS for the current year.

International Business Machines Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Tuesday, November 12th will be issued a dividend of $1.67 per share. The ex-dividend date of this dividend is Tuesday, November 12th. This represents a $6.68 annualized dividend and a yield of 2.81%. International Business Machines’s payout ratio is 97.23%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on IBM shares. Bank of America upped their price target on shares of International Business Machines from $209.00 to $250.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. BMO Capital Markets increased their price target on International Business Machines from $235.00 to $260.00 and gave the stock a “market perform” rating in a research note on Thursday, October 24th. Stifel Nicolaus boosted their price objective on International Business Machines from $205.00 to $246.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. Evercore ISI increased their target price on International Business Machines from $215.00 to $240.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 11th. Finally, UBS Group boosted their price target on International Business Machines from $130.00 to $145.00 and gave the stock a “sell” rating in a report on Wednesday, September 4th. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $208.12.

Insider Buying and Selling

In other International Business Machines news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of the company’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $215.20, for a total value of $774,720.00. Following the transaction, the senior vice president now owns 25,390 shares of the company’s stock, valued at $5,463,928. This represents a 12.42 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.07% of the stock is currently owned by corporate insiders.

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.