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

NBT Bank N A NY lifted its position in International Business Machines Corporation (NYSE:IBM) by 16.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 54,104 shares of the technology company’s stock after purchasing an additional 7,818 shares during the period. International Business Machines comprises about 0.9% of NBT Bank N A NY’s portfolio, making the stock its 26th biggest holding. NBT Bank N A NY’s holdings in International Business Machines were worth $13,114,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in IBM. Vanguard Group Inc. raised its position in shares of International Business Machines by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 97,216,131 shares of the technology company’s stock worth $28,796,390,000 after acquiring an additional 1,439,824 shares during the period. State Street Corp grew its position in shares of International Business Machines by 1.0% during the 4th quarter. State Street Corp now owns 54,996,293 shares of the technology company’s stock valued at $16,290,452,000 after acquiring an additional 518,321 shares during the period. Geode Capital Management LLC grew its position in shares of International Business Machines by 1.5% during the 4th quarter. Geode Capital Management LLC now owns 22,605,083 shares of the technology company’s stock valued at $6,679,105,000 after acquiring an additional 336,069 shares during the period. Capital World Investors increased its stake in shares of International Business Machines by 29.2% in the 4th quarter. Capital World Investors now owns 22,021,912 shares of the technology company’s stock valued at $6,523,720,000 after purchasing an additional 4,976,756 shares in the last quarter. Finally, Norges Bank acquired a new position in International Business Machines in the 4th quarter worth about $2,446,429,000. Institutional investors and hedge funds own 58.96% of the company’s stock.

International Business Machines Trading Down 0.2%

Shares of International Business Machines stock opened at $288.95 on Friday. The company has a current ratio of 0.80, a quick ratio of 0.76 and a debt-to-equity ratio of 1.75. International Business Machines Corporation has a twelve month low of $212.34 and a twelve month high of $332.46. The firm has a market capitalization of $271.58 billion, a PE ratio of 25.55, a P/E/G ratio of 3.00 and a beta of 0.68. The firm’s 50-day moving average price is $256.99 and its 200 day moving average price is $266.36.

International Business Machines (NYSE:IBM) last announced its earnings results on Wednesday, April 22nd. The technology company reported $1.91 EPS for the quarter, beating analysts’ consensus estimates of $1.81 by $0.10. International Business Machines had a return on equity of 37.23% and a net margin of 15.61%.The business had revenue of $15.92 billion during the quarter, compared to analysts’ expectations of $15.60 billion. During the same quarter in the prior year, the firm earned $1.60 earnings per share. The business’s revenue was up 9.5% compared to the same quarter last year. On average, sell-side analysts predict that International Business Machines Corporation will post 12.4 EPS for the current fiscal year.

International Business Machines Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Friday, May 8th were given a dividend of $1.69 per share. The ex-dividend date was Friday, May 8th. This is a positive change from International Business Machines’s previous quarterly dividend of $1.68. This represents a $6.76 annualized dividend and a dividend yield of 2.3%. International Business Machines’s dividend payout ratio (DPR) is presently 59.77%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on IBM shares. Susquehanna started coverage on International Business Machines in a research report on Tuesday, June 23rd. They set a “neutral” rating on the stock. Needham & Company LLC initiated coverage on International Business Machines in a research report on Wednesday, June 3rd. They issued a “buy” rating for the company. KeyCorp downgraded International Business Machines to a “sector weight” rating in a research note on Tuesday, June 23rd. Citigroup increased their target price on International Business Machines from $285.00 to $375.00 and gave the company a “buy” rating in a research report on Tuesday, June 2nd. Finally, DZ Bank raised shares of International Business Machines from a “hold” rating to a “buy” rating and set a $295.00 price target on the stock in a research note on Friday, April 24th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $306.76.

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.