International Business Machines Co. (NYSE:IBM – Get Rating) has received an average rating of “Moderate Buy” from the thirteen analysts that are covering the stock, Marketbeat reports. Five analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $147.25.
A number of analysts have commented on IBM shares. Tigress Financial lifted their target price on International Business Machines from $133.00 to $139.00 and gave the stock a “neutral” rating in a report on Thursday, April 21st. Morgan Stanley lifted their target price on International Business Machines from $150.00 to $157.00 and gave the stock an “overweight” rating in a report on Wednesday, April 20th. StockNews.com started coverage on International Business Machines in a report on Thursday, March 31st. They issued a “buy” rating for the company. Bank of America lifted their target price on International Business Machines from $162.00 to $165.00 and gave the stock a “buy” rating in a report on Wednesday, April 20th. Finally, Credit Suisse Group lifted their target price on International Business Machines from $165.00 to $166.00 and gave the stock an “outperform” rating in a report on Wednesday, April 20th.
In related news, major shareholder Business Machine International sold 22,301,536 shares of International Business Machines stock in a transaction on Thursday, May 19th. The stock was sold at an average price of $13.95, for a total transaction of $311,106,427.20. Following the transaction, the insider now directly owns 22,301,536 shares in the company, valued at $311,106,427.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.04% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in IBM. Norges Bank purchased a new position in International Business Machines during the fourth quarter valued at $1,025,028,000. State Street Corp lifted its position in shares of International Business Machines by 3.3% in the fourth quarter. State Street Corp now owns 53,048,681 shares of the technology company’s stock valued at $7,090,487,000 after acquiring an additional 1,687,122 shares in the last quarter. Millennium Management LLC lifted its position in shares of International Business Machines by 115.2% in the fourth quarter. Millennium Management LLC now owns 212,230 shares of the technology company’s stock valued at $28,367,000 after acquiring an additional 1,610,410 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of International Business Machines by 1.9% in the first quarter. Vanguard Group Inc. now owns 77,002,099 shares of the technology company’s stock valued at $10,011,813,000 after acquiring an additional 1,448,444 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its position in shares of International Business Machines by 35.3% in the first quarter. Arrowstreet Capital Limited Partnership now owns 4,460,023 shares of the technology company’s stock valued at $579,892,000 after acquiring an additional 1,163,790 shares in the last quarter. Institutional investors own 55.22% of the company’s stock.
IBM stock opened at $141.00 on Friday. International Business Machines has a twelve month low of $114.56 and a twelve month high of $146.00. The company has a quick ratio of 0.87, a current ratio of 0.92 and a debt-to-equity ratio of 2.44. The firm has a market cap of $126.82 billion, a PE ratio of 23.11, a price-to-earnings-growth ratio of 1.58 and a beta of 0.93. The business has a 50 day moving average of $137.19 and a 200 day moving average of $133.01.
International Business Machines (NYSE:IBM – Get Rating) last posted its quarterly earnings data on Tuesday, April 19th. The technology company reported $1.40 earnings per share for the quarter, beating analysts’ consensus estimates of $1.34 by $0.06. The company had revenue of $14.20 billion during the quarter, compared to analyst estimates of $13.84 billion. International Business Machines had a return on equity of 42.14% and a net margin of 8.21%. The firm’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same quarter last year, the company earned $1.77 EPS. On average, research analysts expect that International Business Machines will post 9.89 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, June 10th. Investors of record on Tuesday, May 10th were given a dividend of $1.65 per share. The ex-dividend date was Monday, May 9th. This is an increase from International Business Machines’s previous quarterly dividend of $1.64. This represents a $6.60 annualized dividend and a yield of 4.68%. International Business Machines’s payout ratio is 108.20%.
About International Business Machines (Get Rating)
International Business Machines Corporation 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, such as Red Hat, an enterprise open-source 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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