NBT Bank N A NY Raises Stock Holdings in International Business Machines Co. (NYSE:IBM)

NBT Bank N A NY boosted its holdings in International Business Machines Co. (NYSE:IBM) by 1.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 43,511 shares of the technology company’s stock after purchasing an additional 690 shares during the period. NBT Bank N A NY’s holdings in International Business Machines were worth $10,819,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. Vision Financial Markets LLC purchased a new position in shares of International Business Machines in the fourth quarter worth about $31,000. Rialto Wealth Management LLC purchased a new position in International Business Machines in the 4th quarter valued at approximately $35,000. Tacita Capital Inc raised its holdings in International Business Machines by 174.3% during the 4th quarter. Tacita Capital Inc now owns 192 shares of the technology company’s stock valued at $42,000 after acquiring an additional 122 shares during the period. Measured Risk Portfolios Inc. purchased a new stake in shares of International Business Machines during the fourth quarter worth $43,000. Finally, Park Square Financial Group LLC bought a new position in shares of International Business Machines in the fourth quarter worth $43,000. 58.96% of the stock is owned by hedge funds and other institutional investors.

International Business Machines Trading Up 1.6%

NYSE IBM opened at $281.66 on Tuesday. The firm has a market cap of $261.77 billion, a PE ratio of 43.94, a price-to-earnings-growth ratio of 5.81 and a beta of 0.66. International Business Machines Co. has a 1-year low of $167.50 and a 1-year high of $284.50. The stock has a 50-day moving average of $253.83 and a 200-day moving average of $244.28. The company has a current ratio of 1.04, a quick ratio of 1.00 and a debt-to-equity ratio of 1.82.

International Business Machines (NYSE:IBM) last announced its quarterly earnings data on Wednesday, April 23rd. The technology company reported $1.60 earnings per share for the quarter, beating the consensus estimate of $1.42 by $0.18. International Business Machines had a return on equity of 38.99% and a net margin of 9.60%. The firm had revenue of $14.54 billion during the quarter, compared to the consensus estimate of $14.41 billion. During the same quarter in the previous year, the company posted $1.68 earnings per share. The business’s revenue was up .5% on a year-over-year basis. As a group, sell-side analysts forecast that International Business Machines Co. will post 10.78 EPS for the current year.

International Business Machines Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Friday, May 9th were given a $1.68 dividend. This is a boost from International Business Machines’s previous quarterly dividend of $1.67. This represents a $6.72 dividend on an annualized basis and a dividend yield of 2.39%. International Business Machines’s payout ratio is presently 115.66%.

Analysts Set New Price Targets

Several research firms recently commented on IBM. Wedbush restated an “outperform” rating and set a $300.00 target price on shares of International Business Machines in a research report on Wednesday, May 7th. Royal Bank of Canada upped their price objective on shares of International Business Machines from $276.00 to $285.00 and gave the stock an “outperform” rating in a research report on Thursday, May 15th. UBS Group reiterated a “sell” rating and set a $170.00 target price (up from $160.00) on shares of International Business Machines in a research report on Wednesday, April 23rd. Wall Street Zen lowered shares of International Business Machines from a “buy” rating to a “hold” rating in a report on Wednesday, May 21st. Finally, Erste Group Bank upgraded shares of International Business Machines from a “hold” rating to a “strong-buy” rating in a research report on Monday, March 17th. One analyst has rated the stock with a sell rating, nine have issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $250.31.

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.