Fiscal 2022 EPS estimates for International Business Machines Co. Lowered by Wedbush (NYSE:IBM)

International Business Machines Co. (NYSE:IBM – Get Rating) – Wedbush Research analysts lowered their fiscal year 2022 EPS estimates for shares of International Business Machines in a report released Thursday, October 20. Wedbush analyst Katri now expects the technology company to post earnings of $9.14 per share for the year, down from its previous forecast of $9.34. The consensus estimate for International Business Machines’ current annual earnings is $9.29 per share.

International Business Machines (NYSE:IBM – Get Rating) last released its quarterly results on Wednesday, October 19. The technology company reported earnings per share (EPS) of $1.81 for the quarter, beating the consensus estimate of $1.78 by $0.03. The company posted revenue of $14.11 billion for the quarter, versus analyst estimates of $13.55 billion. International Business Machines posted a net margin of 8.72% and a return on equity of 43.52%. The company’s quarterly revenue increased by 6.5% compared to the same quarter last year. In the same quarter a year earlier, the company posted earnings of $2.52 per share.

Several other research companies have also published reports on IBM. StockNews.com launched coverage on the shares of International Business Machines in a research report on Wednesday, October 12. They issued a “buy” rating on the stock. Societe Generale lowered its price target on shares of International Business Machines to $129.00 in a Tuesday, September 13 research report. Credit Suisse Group cut its price target on shares of International Business Machines from $158.00 to $155.00 and set an “outperform” rating on the stock in a research report on Thursday. Evercore ISI raised its price target on shares of International Business Machines from $125.00 to $135.00 and gave the stock an “in-line” rating in a research note on Thursday. Finally, BMO Capital Markets lowered its price target on shares of International Business Machines from $152.00 to $148.00 in a Tuesday, July 19 research note. One financial analyst gave the stock a sell rating, three gave the company a hold rating and five gave the company a buy rating. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $139.40.

International trading machines are trading up 4.7%

International Business Machines stock opened at $128.30 on Friday. The company has a debt ratio of 2.28, a quick ratio of 0.82 and a current ratio of 0.88. The company has a market capitalization of $115.88 billion, a price-to-earnings ratio of 93.65, a growth price-to-earnings ratio of 1.89 and a beta of 0.84. International Business Machines has a 1-year low of $114.56 and a 1-year high of $144.73. The company’s 50-day moving average price is $127.01 and its two-hundred-day moving average price is $132.02.

Institutional investors weigh on international trading machines

A number of institutional investors have recently changed their holdings in IBM. Vanguard Group Inc. increased its stake in shares of International Business Machines by 1.9% in Q1. Vanguard Group Inc. now owns 77,002,099 shares of the technology company valued at $10,011,813,000 after buying an additional 1,448,444 shares in the last quarter. FMR LLC increased its stake in shares of International Business Machines by 31.4% in the 2nd quarter. FMR LLC now owns 5,107,664 shares of the technology company valued at $721,150,000 after purchasing an additional 1,221,837 shares in the last quarter. California Public Employees Retirement System increased its stake in shares of International Business Machines by 35.8% in Q2. California Public Employees Retirement System now owns 4,574,680 shares of the technology company valued at $645,899,000 after buying 1,206,006 additional shares in the last quarter. Arrowstreet Capital Limited Partnership increased its stake in shares of International Business Machines by 35.3% in Q1. Arrowstreet Capital Limited Partnership now owns 4,460,023 shares of the technology company valued at $579,892,000 after purchasing an additional 1,163,790 shares in the last quarter. Finally, BlackRock Inc. increased its stake in shares of International Business Machines by 1.7% in the 1st quarter. BlackRock Inc. now owns 66,591,742 shares of the technology company valued at $8,658,261,000 after buying an additional 1,139,368 shares in the last quarter. Institutional investors and hedge funds own 55.52% of the company’s shares.

Insider Buying and Selling at International Business Machines

Separately, director David N. Farr purchased 1,000 shares of the company in a trade on Thursday, September 15. The stock was purchased at an average price of $125.00 per share, with a total value of $125,000.00. Following the purchase, the director now directly owns 1,000 shares of the company, valued at approximately $125,000. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders of the company own 0.04% of the shares of the company.

International Business Machines Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Saturday, September 10. Shareholders of record on Wednesday August 10 received a dividend of $1.65 per share. This represents a dividend of $6.60 on an annualized basis and a dividend yield of 5.14%. The ex-dividend date was Tuesday August 9th. International Business Machines’ dividend payout ratio (DPR) is currently 481.76%.

International Business Machines Company Profile

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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 solution; enterprise automation software, AIOps and management, integration and application servers; data and artificial intelligence solutions; and security software and services for threats, data and identity.

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Earnings history and estimates for International Business Machines (NYSE:IBM)

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