NBT Bank N A NY Lowers Position in International Business Machines Co. (NYSE:IBM)

NBT Bank N A NY reduced its stake in International Business Machines Co. (NYSE:IBM – Get Rating) by 2.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 34,683 shares of the technology company’s stock after selling 1,009 shares during the quarter. NBT Bank N A NY’s holdings in International Business Machines were worth $4,887,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. New England Capital Financial Advisors LLC purchased a new stake in shares of International Business Machines during the 4th quarter valued at $55,000. MBL Wealth LLC purchased a new stake in shares of International Business Machines during the 4th quarter valued at $210,000. AXA S.A. increased its position in shares of International Business Machines by 34.0% during the 3rd quarter. AXA S.A. now owns 228,606 shares of the technology company’s stock valued at $27,162,000 after purchasing an additional 57,973 shares during the last quarter. Silvant Capital Management LLC increased its position in shares of International Business Machines by 92.5% during the 4th quarter. Silvant Capital Management LLC now owns 12,575 shares of the technology company’s stock valued at $1,772,000 after purchasing an additional 6,043 shares during the last quarter. Finally, Fifth Third Bancorp increased its position in shares of International Business Machines by 13.1% during the 4th quarter. Fifth Third Bancorp now owns 329,437 shares of the technology company’s stock valued at $46,414,000 after purchasing an additional 38,097 shares during the last quarter. 55.90% of the stock is owned by hedge funds and other institutional investors.

International Business Machines Price Performance

Shares of IBM traded up $2.07 during trading hours on Friday, reaching $128.83. 3,398,345 shares of the company’s stock traded hands, compared to its average volume of 4,772,564. The stock has a market cap of $116.98 billion, a PE ratio of 64.81, a price-to-earnings-growth ratio of 3.32 and a beta of 0.85. The company has a current ratio of 1.16, a quick ratio of 1.11 and a debt-to-equity ratio of 2.48. International Business Machines Co. has a 12 month low of $115.54 and a 12 month high of $153.21. The firm’s 50 day simple moving average is $126.61 and its 200-day simple moving average is $134.98.

International Business Machines (NYSE:IBM – Get Rating) last announced its quarterly earnings data on Wednesday, April 19th. The technology company reported $1.36 earnings per share for the quarter, beating analysts’ consensus estimates of $1.27 by $0.09. The company had revenue of $14.25 billion for the quarter, compared to analysts’ expectations of $14.33 billion. International Business Machines had a return on equity of 39.86% and a net margin of 3.03%. International Business Machines’s revenue for the quarter was up .4% compared to the same quarter last year. During the same period last year, the firm posted $1.40 EPS. Equities analysts expect that International Business Machines Co. will post 9.3 EPS for the current year.

International Business Machines Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Saturday, June 10th. Shareholders of record on Wednesday, May 10th will be paid a $1.66 dividend. This is a boost from International Business Machines’s previous quarterly dividend of $1.65. This represents a $6.64 dividend on an annualized basis and a yield of 5.15%. The ex-dividend date is Tuesday, May 9th. International Business Machines’s payout ratio is 337.06%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on IBM. Citigroup lifted their price objective on International Business Machines from $140.00 to $145.00 and gave the stock a “neutral” rating in a report on Thursday, January 26th. Evercore ISI decreased their price objective on International Business Machines from $150.00 to $140.00 and set an “inline” rating for the company in a report on Thursday, April 20th. Edward Jones lowered International Business Machines from a “buy” rating to a “hold” rating in a report on Monday, February 6th. Stifel Nicolaus decreased their price objective on International Business Machines from $150.00 to $140.00 and set a “buy” rating for the company in a report on Thursday, April 20th. Finally, BMO Capital Markets decreased their price objective on International Business Machines from $155.00 to $145.00 and set a “market perform” rating for the company in a report on Thursday, April 20th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $139.20.

International Business Machines Profile

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International Business Machines Corp. is an information technology company, which engages in the provision of integrated solutions that leverage information technology and knowledge of business processes. It operates through the following segments: Software, Consulting, Infrastructure, Financing, and Other.