NBT Bank N A NY Has $12.71 Million Stock Holdings in International Business Machines Corporation $IBM

NBT Bank N A NY cut its holdings in International Business Machines Corporation (NYSE:IBM) by 0.9% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 43,113 shares of the technology company’s stock after selling 398 shares during the quarter. International Business Machines comprises approximately 0.9% of NBT Bank N A NY’s holdings, making the stock its 24th largest position. NBT Bank N A NY’s holdings in International Business Machines were worth $12,709,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Family CFO Inc acquired a new stake in International Business Machines in the second quarter valued at approximately $25,000. Christopher J. Hasenberg Inc acquired a new stake in International Business Machines in the first quarter valued at approximately $27,000. SSA Swiss Advisors AG acquired a new stake in International Business Machines in the first quarter valued at approximately $28,000. Highline Wealth Partners LLC lifted its stake in shares of International Business Machines by 85.0% in the second quarter. Highline Wealth Partners LLC now owns 111 shares of the technology company’s stock worth $33,000 after buying an additional 51 shares during the last quarter. Finally, Dagco Inc. acquired a new stake in shares of International Business Machines in the first quarter worth $31,000. 58.96% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. BMO Capital Markets boosted their price objective on shares of International Business Machines from $260.00 to $300.00 and gave the stock a “market perform” rating in a research note on Friday, July 18th. Stifel Nicolaus boosted their price objective on shares of International Business Machines from $290.00 to $310.00 and gave the stock a “buy” rating in a research note on Wednesday, July 16th. Bank of America reduced their price objective on shares of International Business Machines from $320.00 to $310.00 and set a “buy” rating for the company in a research note on Thursday, July 24th. Wall Street Zen upgraded shares of International Business Machines from a “hold” rating to a “buy” rating in a research note on Saturday, July 26th. Finally, Royal Bank Of Canada boosted their price objective on shares of International Business Machines from $285.00 to $315.00 and gave the stock an “outperform” rating in a research note on Thursday, July 17th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $284.62.

International Business Machines Trading Up 1.5%

Shares of IBM stock opened at $293.84 on Wednesday. International Business Machines Corporation has a 1 year low of $203.51 and a 1 year high of $301.04. The firm’s fifty day simple moving average is $256.34 and its 200 day simple moving average is $259.93. The firm has a market capitalization of $273.10 billion, a P/E ratio of 47.70, a price-to-earnings-growth ratio of 4.46 and a beta of 0.73. The company has a current ratio of 0.91, a quick ratio of 0.87 and a debt-to-equity ratio of 2.00.

International Business Machines (NYSE:IBM) last announced its earnings results on Wednesday, July 23rd. The technology company reported $2.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.65 by $0.15. International Business Machines had a net margin of 9.11% and a return on equity of 37.62%. The business had revenue of $16.98 billion for the quarter, compared to analyst estimates of $16.58 billion. During the same quarter in the previous year, the firm posted $2.43 earnings per share. International Business Machines’s revenue was up 7.7% compared to the same quarter last year. International Business Machines has set its FY 2025 guidance at EPS. As a group, sell-side analysts predict that International Business Machines Corporation will post 10.78 EPS for the current year.

International Business Machines Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 8th were issued a $1.68 dividend. This represents a $6.72 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend was Friday, August 8th. International Business Machines’s payout ratio is 109.09%.

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.