Shares of International Business Machines Co. (NYSE:IBM – Get Rating) have been given a consensus rating of “Moderate Buy” by the eleven research firms that are currently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $146.10.
IBM has been the subject of several recent analyst reports. Tigress Financial lifted their target price on shares of 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 decreased their target price on shares of International Business Machines from $157.00 to $155.00 and set an “overweight” rating for the company in a report on Tuesday, July 19th. BMO Capital Markets decreased their target price on shares of International Business Machines from $152.00 to $148.00 in a report on Tuesday, July 19th. Bank of America lifted their price target on shares of International Business Machines from $162.00 to $165.00 and gave the stock a “buy” rating in a research note on Wednesday, April 20th. Finally, StockNews.com upgraded shares of International Business Machines from a “hold” rating to a “buy” rating in a research note on Thursday, July 21st.
Insider Activity at International Business Machines
In related news, major shareholder Business Machine International sold 22,301,536 shares of the business’s stock in a transaction that occurred on Thursday, May 19th. The shares were sold at an average price of $13.95, for a total transaction of $311,106,427.20. Following the completion of the sale, the insider now directly owns 22,301,536 shares in the company, valued at $311,106,427.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.04% of the stock is currently owned by company insiders.
Hedge Funds Weigh In On International Business Machines
International Business Machines Trading Up 0.6 %
Shares of NYSE IBM opened at $132.48 on Wednesday. International Business Machines has a 1 year low of $114.56 and a 1 year high of $146.00. The stock has a market cap of $119.65 billion, a P/E ratio of 21.51, a price-to-earnings-growth ratio of 2.00 and a beta of 0.85. The firm has a 50-day moving average of $136.61 and a 200 day moving average of $132.76. The company has a debt-to-equity ratio of 2.28, a current ratio of 0.88 and a quick ratio of 0.82.
International Business Machines (NYSE:IBM – Get Rating) last issued its earnings results on Monday, July 18th. The technology company reported $2.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.29 by $0.02. The business had revenue of $15.54 billion during the quarter, compared to analysts’ expectations of $15.18 billion. International Business Machines had a net margin of 8.72% and a return on equity of 43.52%. The business’s revenue for the quarter was up 9.3% compared to the same quarter last year. During the same period in the previous year, the company earned $2.33 earnings per share. As a group, sell-side analysts expect that International Business Machines will post 9.47 EPS for the current fiscal year.
International Business Machines Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Saturday, September 10th. Investors of record on Wednesday, August 10th will be given a dividend of $1.65 per share. The ex-dividend date is Tuesday, August 9th. This represents a $6.60 annualized dividend and a yield of 4.98%. International Business Machines’s dividend payout ratio (DPR) is 107.14%.
International Business Machines Company Profile
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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