International Business Machines Corporation $IBM Shares Bought by NBT Bank N A NY

NBT Bank N A NY raised its position in International Business Machines Corporation (NYSE:IBM) by 10.8% in the third quarter, Holdings Channel.com reports. The institutional investor owned 47,776 shares of the technology company’s stock after purchasing an additional 4,663 shares during the period. International Business Machines comprises approximately 1.0% of NBT Bank N A NY’s holdings, making the stock its 18th largest position. NBT Bank N A NY’s holdings in International Business Machines were worth $14,239,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Brighton Jones LLC raised its holdings in shares of International Business Machines by 12.4% in the fourth quarter. Brighton Jones LLC now owns 21,011 shares of the technology company’s stock valued at $4,619,000 after buying an additional 2,323 shares during the last quarter. Trinity Legacy Partners LLC purchased a new position in shares of International Business Machines during the second quarter worth about $203,000. Sivia Capital Partners LLC increased its position in International Business Machines by 10.6% in the 2nd quarter. Sivia Capital Partners LLC now owns 1,938 shares of the technology company’s stock valued at $571,000 after acquiring an additional 186 shares during the period. Focus Financial Network Inc. raised its stake in International Business Machines by 8.2% during the 2nd quarter. Focus Financial Network Inc. now owns 7,427 shares of the technology company’s stock valued at $2,189,000 after acquiring an additional 564 shares during the last quarter. Finally, Signal Advisors Wealth LLC lifted its position in International Business Machines by 38.8% during the 2nd quarter. Signal Advisors Wealth LLC now owns 2,964 shares of the technology company’s stock worth $874,000 after acquiring an additional 828 shares during the period. 58.96% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

IBM has been the topic of a number of recent research reports. Stifel Nicolaus boosted their target price on International Business Machines from $295.00 to $325.00 and gave the company a “buy” rating in a report on Tuesday, December 9th. Bank of America lifted their price objective on shares of International Business Machines from $315.00 to $335.00 and gave the company a “buy” rating in a research report on Tuesday. BMO Capital Markets upped their price objective on shares of International Business Machines from $300.00 to $305.00 and gave the stock a “market perform” rating in a research report on Thursday, October 23rd. UBS Group restated a “sell” rating on shares of International Business Machines in a research note on Tuesday, December 9th. Finally, Oppenheimer initiated coverage on shares of International Business Machines in a report on Friday, November 21st. They issued an “outperform” rating and a $360.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $303.38.

International Business Machines Price Performance

Shares of NYSE IBM opened at $305.82 on Friday. The company has a debt-to-equity ratio of 1.97, a quick ratio of 0.89 and a current ratio of 0.93. International Business Machines Corporation has a one year low of $214.50 and a one year high of $324.90. The firm has a market capitalization of $285.86 billion, a P/E ratio of 36.58, a PEG ratio of 2.89 and a beta of 0.70. The company’s fifty day moving average is $303.46 and its two-hundred day moving average is $282.50.

International Business Machines (NYSE:IBM) last announced its quarterly earnings results on Wednesday, October 22nd. The technology company reported $2.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.45 by $0.20. The business had revenue of $16.33 billion during the quarter, compared to the consensus estimate of $16.10 billion. International Business Machines had a net margin of 12.09% and a return on equity of 37.76%. The business’s revenue was up 9.1% compared to the same quarter last year. During the same quarter last year, the firm posted $2.30 EPS. Analysts forecast that International Business Machines Corporation will post 10.78 EPS for the current fiscal year.

International Business Machines Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 10th. Stockholders of record on Monday, November 10th were paid a dividend of $1.68 per share. The ex-dividend date of this dividend was Monday, November 10th. This represents a $6.72 annualized dividend and a dividend yield of 2.2%. International Business Machines’s payout ratio is 80.38%.

International Business Machines Profile

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.