International Business Machines Co. (NYSE:IBM) Receives Consensus Rating of “Hold” by Analysts
Shares of International Business Machines Co. (NYSE:IBM – Get Rating) received an average recommendation of “Hold” from the eleven brokerages that currently cover the stock, Marketbeat Ratings reports. One research analyst rated the stock with a sell recommendation, three gave the company a hold recommendation and three gave the company a buy recommendation. The 12-month average target price among brokers who have hedged the stock over the past year is $139.40.
Several equity research analysts have weighed in on the company recently. BMO Capital Markets lowered its price target on International Business Machines from $152.00 to $148.00 in a Tuesday, July 19 research note. Societe Generale lowered its price target on International Business Machines to $129.00 in a Tuesday, September 13 research note. Bank of America reduced its price target on International Business Machines from $155.00 to $145.00 in a Tuesday, October 18 research note. StockNews.com upgraded International Business Machines from a “buy” rating to a “hold” rating in a Friday, October 21 research rating. Finally, UBS Group reduced its price target on International Business Machines from $112.00 to $111.00 and set a “sell” rating for the company in a Thursday, October 20 research note.
Insiders place their bets
Separately, director David N. Farr purchased 1,000 shares of the company in a transaction dated Thursday, September 15. The shares were purchased at an average price of $125.00 per share, for a total transaction of $125,000.00. Following the completion of the acquisition, the director now directly owns 1,000 shares of the company, valued at $125,000. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.04% of the company’s shares.
Institutional entries and exits
A number of large investors have recently changed their holdings in IBM. BCR Wealth Strategies LLC bought a new position in shares of International Business Machines in the second quarter worth approximately $25,000. Gleason Group Inc. acquired a new stake in International Business Machines in the second quarter worth $28,000. Parkside Investments LLC acquired a new stake in International Business Machines in the first quarter valued at $31,000. Canton Hathaway LLC purchased a new stake in International Business Machines in the second quarter for $31,000. Finally, Win Advisors Inc. increased its position in International Business Machines by 52.3% in the second quarter. Win Advisors Inc. now owns 236 shares of the technology company worth $33,000 after buying 81 additional shares in the last quarter. Institutional investors hold 55.52% of the company’s shares.
International Trade Machinery Price Performance
IBM shares opened at $141.23 on Friday. International Business Machines has a 12 month minimum of $114.56 and a 12 month maximum of $144.73. The company has a 50-day simple moving average of $127.79 and a two-hundred-day simple moving average of $132.70. The company has a quick ratio of 0.89, a current ratio of 0.95 and a debt ratio of 2.23. The stock has a market capitalization of $127.69 billion, a PE ratio of 103.09, a PEG ratio of 2.28 and a beta of 0.88.
International Business Machines (NYSE:IBM – Get Rating) last reported results on Wednesday, October 19. The technology company reported earnings per share (EPS) of $1.81 for the quarter, beating analyst consensus estimates of $1.78 by $0.03. International Business Machines had a return on equity of 41.50% and a net margin of 2.08%. The company posted revenue of $14.11 billion in the quarter, compared to $13.55 billion expected by analysts. In the same quarter of the previous year, the company achieved EPS of $2.52. The company’s revenue for the quarter increased by 6.5% compared to the same quarter last year. Analysts expect International Business Machines to post earnings per share of 9.12 for the current fiscal year.
International Business Machines Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Saturday, December 10. Shareholders of record on Thursday, November 10 will receive a dividend of $1.65. The ex-dividend date is Wednesday, November 9. This represents an annualized dividend of $6.60 and a yield of 4.67%. International Business Machines’ payout ratio 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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