Northwest Bank & Trust Co Increases Holdings in International Business Machines Co. (NYSE:IBM)

Northwest Bank & Trust Co increased its holdings in shares of International Business Machines Co. (NYSE:IBM) by 1.3% in the third quarter, Holdings Channel reports. The firm owned 4,698 shares of the technology company’s stock after acquiring an additional 60 shares during the period. International Business Machines makes up 0.8% of Northwest Bank & Trust Co’s portfolio, making the stock its 29th biggest position. Northwest Bank & Trust Co’s holdings in International Business Machines were worth $1,039,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. FPC Investment Advisory Inc. purchased a new stake in International Business Machines during the 1st quarter worth $26,000. ESL Trust Services LLC acquired a new position in International Business Machines in the 1st quarter worth $28,000. Creekmur Asset Management LLC acquired a new position in International Business Machines in the 4th quarter worth $29,000. Ables Iannone Moore & Associates Inc. acquired a new position in International Business Machines in the 4th quarter worth $31,000. Finally, Financial Synergies Wealth Advisors Inc. lifted its holdings in International Business Machines by 164.0% in the 1st quarter. Financial Synergies Wealth Advisors Inc. now owns 198 shares of the technology company’s stock worth $38,000 after buying an additional 123 shares in the last quarter. 58.96% of the stock is owned by hedge funds and other institutional investors.

International Business Machines Price Performance

Shares of NYSE:IBM traded down $1.36 during midday trading on Thursday, reaching $232.94. 1,123,301 shares of the company’s stock were exchanged, compared to its average volume of 4,201,839. The company’s 50 day simple moving average is $205.92 and its two-hundred day simple moving average is $187.02. The firm has a market capitalization of $213.98 billion, a PE ratio of 26.39, a price-to-earnings-growth ratio of 4.90 and a beta of 0.70. International Business Machines Co. has a 12 month low of $135.87 and a 12 month high of $235.83. The company has a debt-to-equity ratio of 2.20, a quick ratio of 1.08 and a current ratio of 1.12.

International Business Machines (NYSE:IBM) last announced its quarterly earnings results on Wednesday, July 24th. The technology company reported $2.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.16 by $0.27. The firm had revenue of $15.77 billion during the quarter, compared to the consensus estimate of $15.62 billion. International Business Machines had a net margin of 13.52% and a return on equity of 40.59%. The firm’s quarterly revenue was up 1.9% on a year-over-year basis. During the same period last year, the firm posted $2.18 EPS. Equities research analysts expect that International Business Machines Co. will post 10.1 earnings per share for the current fiscal year.

International Business Machines Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Friday, August 9th were given a dividend of $1.67 per share. This represents a $6.68 annualized dividend and a dividend yield of 2.87%. The ex-dividend date was Friday, August 9th. International Business Machines’s dividend payout ratio is 75.65%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Royal Bank of Canada boosted their price objective on shares of International Business Machines from $200.00 to $211.00 and gave the stock an “outperform” rating in a report on Thursday, July 25th. Evercore ISI increased their price objective on shares of International Business Machines from $215.00 to $240.00 and gave the company an “outperform” rating in a report on Wednesday, September 11th. DZ Bank cut shares of International Business Machines from a “buy” rating to a “hold” rating and set a $215.00 price objective for the company. in a report on Wednesday, October 2nd. Bernstein Bank increased their price objective on shares of International Business Machines from $185.00 to $210.00 and gave the company a “market perform” rating in a report on Thursday, October 3rd. Finally, The Goldman Sachs Group increased their price objective on shares of International Business Machines from $220.00 to $250.00 and gave the company a “buy” rating in a report on Monday, September 30th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $196.12.

International Business Machines Company Profile

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.