5,283 Shares in International Business Machines Corporation $IBM Acquired by First National Bank of Hutchinson

First National Bank of Hutchinson bought a new stake in International Business Machines Corporation (NYSE:IBMFree Report) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 5,283 shares of the technology company’s stock, valued at approximately $1,491,000. International Business Machines comprises about 0.8% of First National Bank of Hutchinson’s investment portfolio, making the stock its 25th largest position.

A number of other large investors also recently added to or reduced their stakes in the company. CFS Investment Advisory Services LLC lifted its position in shares of International Business Machines by 0.4% during the third quarter. CFS Investment Advisory Services LLC now owns 9,359 shares of the technology company’s stock worth $2,878,000 after purchasing an additional 34 shares in the last quarter. KPP Advisory Services LLC lifted its holdings in International Business Machines by 1.7% during the 3rd quarter. KPP Advisory Services LLC now owns 2,069 shares of the technology company’s stock worth $584,000 after buying an additional 34 shares in the last quarter. Marco Investment Management LLC boosted its position in International Business Machines by 0.3% in the 3rd quarter. Marco Investment Management LLC now owns 10,774 shares of the technology company’s stock valued at $3,040,000 after buying an additional 34 shares during the period. Ignite Planners LLC grew its stake in shares of International Business Machines by 0.9% in the third quarter. Ignite Planners LLC now owns 4,000 shares of the technology company’s stock worth $1,129,000 after acquiring an additional 36 shares in the last quarter. Finally, Vishria Bird Financial Group LLC increased its position in shares of International Business Machines by 3.0% during the third quarter. Vishria Bird Financial Group LLC now owns 1,230 shares of the technology company’s stock worth $347,000 after acquiring an additional 36 shares during the period. 58.96% of the stock is currently owned by institutional investors and hedge funds.

International Business Machines Trading Up 3.2%

Shares of International Business Machines stock opened at $299.09 on Friday. The company has a current ratio of 0.96, a quick ratio of 0.92 and a debt-to-equity ratio of 1.67. The company has a fifty day simple moving average of $302.10 and a 200-day simple moving average of $283.64. The stock has a market cap of $279.57 billion, a price-to-earnings ratio of 26.82, a PEG ratio of 3.00 and a beta of 0.69. International Business Machines Corporation has a 12-month low of $214.50 and a 12-month high of $324.90.

International Business Machines (NYSE:IBMGet Free Report) last announced its quarterly earnings results on Wednesday, January 28th. The technology company reported $4.52 earnings per share for the quarter, beating analysts’ consensus estimates of $4.33 by $0.19. The firm had revenue of $19.69 billion during the quarter, compared to analysts’ expectations of $19.23 billion. International Business Machines had a net margin of 15.69% and a return on equity of 38.15%. International Business Machines’s quarterly revenue was up 12.2% compared to the same quarter last year. During the same period in the previous year, the company earned $3.92 earnings per share. On average, equities analysts forecast that International Business Machines Corporation will post 10.78 EPS for the current fiscal year.

International Business Machines Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 10th. Investors of record on Tuesday, February 10th will be paid a dividend of $1.68 per share. This represents a $6.72 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date is Tuesday, February 10th. International Business Machines’s dividend payout ratio (DPR) is currently 60.27%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on IBM shares. Royal Bank Of Canada set a $361.00 target price on International Business Machines in a report on Thursday, January 29th. Erste Group Bank raised International Business Machines from a “hold” rating to a “buy” rating in a research report on Friday, December 5th. Wedbush boosted their price objective on International Business Machines from $325.00 to $340.00 and gave the stock an “outperform” rating in a research report on Thursday, January 29th. Morgan Stanley set a $304.00 target price on shares of International Business Machines in a research note on Thursday, January 29th. Finally, Argus set a $360.00 price target on shares of International Business Machines in a research note on Friday, January 30th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $330.07.

Get Our Latest Analysis on IBM

Insider Buying and Selling

In other news, Director David N. Farr acquired 1,000 shares of International Business Machines stock in a transaction on Friday, January 30th. The stock was bought at an average price of $304.00 per share, for a total transaction of $304,000.00. Following the completion of the purchase, the director owned 9,258 shares in the company, valued at $2,814,432. This represents a 12.11% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.18% of the stock is currently owned by company insiders.

More International Business Machines News

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International Business Machines Profile

(Free Report)

International Business Machines Corporation (IBM) is a global technology and consulting company headquartered in Armonk, New York. Founded in 1911 as the Computing-Tabulating-Recording Company (CTR) and renamed IBM in 1924, the company has evolved from early electromechanical machines to a diversified technology provider serving enterprises and governments worldwide. IBM is publicly traded on the New York Stock Exchange under the ticker symbol IBM.

IBM’s principal businesses encompass cloud computing and software, infrastructure and systems, consulting and technology services, and research and development.

See Also

Institutional Ownership by Quarter for International Business Machines (NYSE:IBM)

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