NBT Bank N A NY Has $7.47 Million Holdings in International Business Machines Co. (IBM)

NBT Bank N A NY lessened its stake in International Business Machines Co. (NYSE:IBM) by 3.9% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 48,571 shares of the technology company’s stock after selling 1,986 shares during the period. International Business Machines accounts for approximately 1.2% of NBT Bank N A NY’s investment portfolio, making the stock its 24th largest holding. NBT Bank N A NY’s holdings in International Business Machines were worth $7,471,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Diversified Investment Strategies LLC grew its stake in International Business Machines by 16.0% in the second quarter. Diversified Investment Strategies LLC now owns 10,884 shares of the technology company’s stock valued at $1,674,000 after purchasing an additional 1,501 shares during the last quarter. FFT Wealth Management LLC grew its stake in International Business Machines by 33.3% in the second quarter. FFT Wealth Management LLC now owns 2,000 shares of the technology company’s stock valued at $308,000 after purchasing an additional 500 shares during the last quarter. Good Life Advisors LLC grew its stake in International Business Machines by 0.6% in the second quarter. Good Life Advisors LLC now owns 2,953 shares of the technology company’s stock valued at $454,000 after purchasing an additional 17 shares during the last quarter. Principal Financial Group Inc. grew its stake in International Business Machines by 3.8% in the second quarter. Principal Financial Group Inc. now owns 1,420,908 shares of the technology company’s stock valued at $218,579,000 after purchasing an additional 51,433 shares during the last quarter. Finally, BKS Advisors LLC grew its stake in International Business Machines by 54.7% in the second quarter. BKS Advisors LLC now owns 5,371 shares of the technology company’s stock valued at $826,000 after purchasing an additional 1,900 shares during the last quarter. Institutional investors own 58.43% of the company’s stock.

Several brokerages have weighed in on IBM. Wedbush reissued a “neutral” rating and issued a $155.00 price target on shares of International Business Machines in a report on Wednesday, August 9th. Royal Bank Of Canada reissued a “hold” rating and issued a $160.00 price target on shares of International Business Machines in a report on Wednesday, November 15th. Oppenheimer Holdings, Inc. reissued a “hold” rating on shares of International Business Machines in a report on Wednesday, October 18th. ValuEngine raised International Business Machines from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Finally, Cantor Fitzgerald reissued a “hold” rating and issued a $154.00 price target on shares of International Business Machines in a report on Friday, October 13th. Eight analysts have rated the stock with a sell rating, eighteen have assigned a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $158.93.

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Shares of International Business Machines Co. (NYSE:IBM) opened at $150.51 on Tuesday. The company has a market capitalization of $139,340.00, a P/E ratio of 10.91, a PEG ratio of 2.18 and a beta of 0.94. International Business Machines Co. has a 12-month low of $139.13 and a 12-month high of $182.79. The company has a debt-to-equity ratio of 2.09, a current ratio of 1.41 and a quick ratio of 1.36.

International Business Machines (NYSE:IBM) last posted its quarterly earnings data on Tuesday, October 17th. The technology company reported $3.30 EPS for the quarter, beating the Zacks’ consensus estimate of $3.28 by $0.02. International Business Machines had a return on equity of 57.48% and a net margin of 14.23%. The business had revenue of $19.15 billion during the quarter, compared to analysts’ expectations of $18.63 billion. During the same period in the previous year, the business earned $3.29 earnings per share. The business’s revenue was down .4% compared to the same quarter last year. sell-side analysts anticipate that International Business Machines Co. will post 13.8 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Saturday, December 9th. Investors of record on Friday, November 10th will be given a dividend of $1.50 per share. This represents a $6.00 annualized dividend and a dividend yield of 3.99%. The ex-dividend date is Thursday, November 9th. International Business Machines’s payout ratio is 50.08%.

International Business Machines Company Profile

International Business Machines Corporation (IBM) is a technology company. The Company operates through five segments: Cognitive Solutions, Global Business Services (GBS), Technology Services & Cloud Platforms, Systems and Global Financing. The Cognitive Solutions segment delivers a spectrum of capabilities, from descriptive, predictive and prescriptive analytics to cognitive systems.

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

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