Shares of International Business Machines Co. (NYSE:IBM – Get Free Report) have earned a consensus recommendation of “Hold” from the eleven analysts that are presently covering the company, MarketBeat reports. Seven equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $149.09.
A number of brokerages have recently commented on IBM. Morgan Stanley cut their target price on shares of International Business Machines from $135.00 to $130.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 17th. Wedbush restated a “neutral” rating and set a $140.00 price objective on shares of International Business Machines in a research note on Monday, November 13th. StockNews.com lowered International Business Machines from a “buy” rating to a “hold” rating in a research note on Friday, October 13th. Royal Bank of Canada dropped their price objective on shares of International Business Machines from $188.00 to $179.00 and set an “outperform” rating on the stock in a research note on Thursday, October 26th. Finally, BMO Capital Markets upped their target price on shares of International Business Machines from $152.00 to $155.00 and gave the company a “market perform” rating in a research note on Thursday, October 26th.
Read Our Latest Stock Analysis on IBM
Hedge Funds Weigh In On International Business Machines
A number of large investors have recently bought and sold shares of the company. Cantor Fitzgerald Investment Advisor L.P raised its stake in shares of 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 purchasing an additional 127,093 shares in the last quarter. Roundview Capital LLC bought a new stake in International Business Machines during the first quarter worth $203,000. Sei Investments Co. lifted its stake in International Business Machines by 35.7% in the first quarter. Sei Investments Co. now owns 177,599 shares of the technology company’s stock valued at $23,157,000 after acquiring an additional 46,756 shares during the last quarter. Candriam Luxembourg S.C.A. increased its stake in shares of 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 purchasing an additional 1,821 shares during the last quarter. Finally, Baird Financial Group Inc. raised its holdings in shares of International Business Machines by 1.5% in the 1st quarter. Baird Financial Group Inc. now owns 382,232 shares of the technology company’s stock valued at $49,698,000 after purchasing an additional 5,506 shares during the period. Institutional investors and hedge funds own 56.16% of the company’s stock.
International Business Machines Trading Up 1.0 %
Shares of IBM opened at $154.35 on Tuesday. International Business Machines has a fifty-two week low of $120.55 and a fifty-two week high of $154.68. The stock has a fifty day moving average of $144.45 and a two-hundred day moving average of $139.19. The company has a debt-to-equity ratio of 2.11, a quick ratio of 0.86 and a current ratio of 0.91. The company has a market capitalization of $140.94 billion, a PE ratio of 20.47, a price-to-earnings-growth ratio of 4.16 and a beta of 0.76.
International Business Machines (NYSE:IBM – Get Free Report) last announced its quarterly earnings results on Wednesday, October 25th. The technology company reported $2.20 EPS for the quarter, topping the consensus estimate of $2.12 by $0.08. The company had revenue of $14.75 billion during the quarter, compared to analyst estimates of $14.73 billion. International Business Machines had a return on equity of 38.51% and a net margin of 11.32%. The firm’s revenue was up 4.6% on a year-over-year basis. During the same period in the prior year, the firm posted $1.81 earnings per share. As a group, analysts forecast that International Business Machines will post 9.45 EPS for the current year.
International Business Machines Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Saturday, December 9th. Investors of record on Friday, November 10th will be paid a dividend of $1.66 per share. The ex-dividend date is Thursday, November 9th. This represents a $6.64 dividend on an annualized basis and a yield of 4.30%. International Business Machines’s payout ratio is 88.06%.
International Business Machines Company 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.
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