Tompkins Financial Corp Has $1.93 Million Stock Position in International Business Machines Co. (NYSE:IBM)

Tompkins Financial Corp lowered its stake in International Business Machines Co. (NYSE:IBM) by 4.4% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 14,434 shares of the technology company’s stock after selling 662 shares during the quarter. Tompkins Financial Corp’s holdings in International Business Machines were worth $1,931,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the stock. Cantor Fitzgerald Investment Advisor L.P raised its stake in International Business Machines by 97.6% during the 1st quarter. Cantor Fitzgerald Investment Advisor L.P now owns 257,335 shares of the technology company’s stock worth $33,459,000 after buying an additional 127,093 shares during the period. Roundview Capital LLC acquired a new stake in International Business Machines during the 1st quarter worth $203,000. Sei Investments Co. raised its stake in International Business Machines by 35.7% during the 1st quarter. Sei Investments Co. now owns 177,599 shares of the technology company’s stock worth $23,157,000 after buying an additional 46,756 shares during the period. Candriam Luxembourg S.C.A. raised its stake in International Business Machines by 1.9% during the 1st quarter. Candriam Luxembourg S.C.A. now owns 95,662 shares of the technology company’s stock worth $12,438,000 after buying an additional 1,821 shares during the period. Finally, Baird Financial Group Inc. raised its stake in International Business Machines by 1.5% during the 1st quarter. Baird Financial Group Inc. now owns 382,232 shares of the technology company’s stock worth $49,698,000 after buying an additional 5,506 shares during the period. Institutional investors and hedge funds own 56.16% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. JPMorgan Chase & Co. assumed coverage on International Business Machines in a research note on Friday, July 7th. They set a “neutral” rating and a $145.00 price objective on the stock. Bank of America increased their target price on International Business Machines from $152.00 to $160.00 and gave the stock a “buy” rating in a report on Thursday, July 20th. Stifel Nicolaus increased their target price on International Business Machines from $140.00 to $144.00 and gave the stock a “buy” rating in a report on Thursday, July 20th. Morgan Stanley reiterated an “equal weight” rating and set a $135.00 target price on shares of International Business Machines in a report on Thursday, July 20th. Finally, StockNews.com upgraded International Business Machines from a “hold” rating to a “buy” rating in a report on Wednesday, September 6th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $142.91.

International Business Machines Stock Up 0.4 %

Shares of NYSE IBM traded up $0.54 during mid-day trading on Tuesday, hitting $145.63. The company had a trading volume of 744,077 shares, compared to its average volume of 4,521,209. The company has a market capitalization of $132.67 billion, a PE ratio of 67.18, a price-to-earnings-growth ratio of 3.71 and a beta of 0.85. The firm has a 50-day simple moving average of $142.59 and a two-hundred day simple moving average of $133.71. The company has a current ratio of 1.06, a quick ratio of 1.01 and a debt-to-equity ratio of 2.28. International Business Machines Co. has a one year low of $115.54 and a one year high of $153.21.

International Business Machines (NYSE:IBM) last announced its quarterly earnings data on Wednesday, July 19th. The technology company reported $2.18 earnings per share for the quarter, beating the consensus estimate of $2.00 by $0.18. The company had revenue of $15.48 billion during the quarter, compared to analysts’ expectations of $15.58 billion. International Business Machines had a return on equity of 38.10% and a net margin of 3.35%. International Business Machines’s revenue for the quarter was down .4% compared to the same quarter last year. During the same quarter last year, the company earned $2.31 EPS. On average, equities analysts expect that International Business Machines Co. will post 9.43 EPS for the current year.

International Business Machines Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Saturday, September 9th. Investors of record on Thursday, August 10th were paid a $1.66 dividend. The ex-dividend date of this dividend was Wednesday, August 9th. This represents a $6.64 annualized dividend and a yield of 4.56%. International Business Machines’s dividend payout ratio (DPR) is currently 307.41%.

International Business Machines Profile

International Business Machines Corporation, together with its subsidiaries, provides integrated solutions and services worldwide. The company operates through four business segments: Software, Consulting, Infrastructure, and Financing. The Software segment offers hybrid cloud platform and software solutions; software for business automation, AIOps and management, integration, and application servers; data and artificial intelligence solutions; and security software and services for threat, data, and identity.