International Business Machines Co. (NYSE:IBM) Given the average recommendation of “Hold” by brokerages

Shares of International Business Machines Co. (NYSE:IBM – Get Rating) received a consensus “moderate buy” recommendation from the twelve research firms that currently cover the company, reports. Three equity research analysts gave the stock a hold rating and six gave the company a buy rating. The 12-month average price target among brokers who updated their coverage on the stock in the past year is $145.18.

Several brokerages recently commented on IBM. Morgan Stanley cut its price target on International Business Machines from $157.00 to $155.00 and set an “overweight” rating on the stock in a Tuesday, July 19 research report. Societe Generale lowered its price target on International Business Machines to $129.00 in a Tuesday, September 13 research note. BMO Capital Markets lowered its price target on International Business Machines from $152.00 to $148.00 in a Tuesday, July 19 research note. Credit Suisse Group raised its price target on International Business Machines from $156.00 to $163.00 and gave the company an “outperform” rating in a Wednesday, August 17 report. Finally, downgraded International Business Machines from a “buy” rating to a “hold” rating in a Wednesday, August 31 report.

Insider buying and selling

Separately, director David N. Farr acquired 1,000 shares of the company in a transaction on Thursday, September 15. The shares were acquired at an average price of $125.00 per share, with a total value of $125,000.00. Following the acquisition, the director now directly owns 1,000 shares of the company, valued at $125,000. The purchase was disclosed in a legal filing with the SEC, accessible via this link. 0.04% of the shares are currently held by insiders.

Institutional Trade of International Trade Machines

Hedge funds and other institutional investors have recently increased or reduced their stakes in the company. Norges Bank bought a new position in shares of International Business Machines during the fourth quarter worth approximately $1,025,028,000. State Street Corp increased its holdings of International Business Machines shares 3.3% during the fourth quarter. State Street Corp now owns 53,048,681 shares of the technology company worth $7,090,487,000 after buying an additional 1,687,122 shares in the last quarter. Millennium Management LLC increased its equity stake in International Business Machines by 115.2% during the fourth quarter. Millennium Management LLC now owns 212,230 shares of the technology company worth $28,367,000 after purchasing an additional 1,610,410 shares in the last quarter. Vanguard Group Inc. increased its stake in International Business Machines by 1.9% in the first quarter. 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 last quarter. Finally, FMR LLC increased its stake in International Business Machines by 31.4% in the second 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 last quarter. 55.52% of the shares are held by hedge funds and other institutional investors.

International Commercial Machinery Stock Performance

NYSE: IBM opened at $124.93 on Thursday. The stock has a market capitalization of $112.83 billion, a P/E ratio of 20.28, a PEG ratio of 1.93 and a beta of 0.84. The stock has a 50-day simple moving average of $131.13 and a 200-day simple moving average of $132.93. The company has a current ratio of 0.88, a quick ratio of 0.82 and a debt ratio of 2.28. International Business Machines has a 1 year minimum of $114.56 and a 1 year maximum of $146.00.

International Business Machines (NYSE:IBM – Get Rating) last reported quarterly earnings data on Monday, July 18. The technology company reported earnings per share of $2.31 for the quarter, beating the consensus estimate of $2.29 by $0.02. The company posted revenue of $15.54 billion in the quarter, compared to $15.18 billion expected by analysts. International Business Machines had a return on equity of 43.52% and a net margin of 8.72%. The company’s quarterly revenue increased by 9.3% compared to the same quarter last year. During the same period of the previous year, the company achieved EPS of $2.33. Research analysts expect International Business Machines to post earnings per share of 9.39 for the current year.

International Business Machines Dividend Announcement

The company also recently disclosed 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 5.28%. The ex-dividend date was Tuesday August 9th. The payout ratio of International Business Machines is 107.14%.

International Business Machines Company Profile

(Get an assessment)

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.

Recommended Stories

Analyst recommendations for international business machines (NYSE: IBM)

This instant alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected]

Before you consider International Business Machines, you’ll want to hear this.

MarketBeat tracks daily the highest rated and most successful research analysts on Wall Street and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market takes off…and International Business Machines was not on the list.

While International Business Machines currently has a “Moderate Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.

See the five actions here

James G. Williams