Societe Generale set a $149.00 target price on International Business Machines (NYSE:IBM) in a report released on Friday, January 19th. The firm currently has a sell rating on the technology company’s stock.
Several other research firms have also recently issued reports on IBM. Pivotal Research set a $180.00 price target on International Business Machines and gave the company a buy rating in a report on Thursday, January 18th. Morgan Stanley raised their target price on International Business Machines to $198.00 and gave the stock an overweight rating in a report on Friday, January 19th. Bank of America restated a buy rating and set a $200.00 target price on shares of International Business Machines in a report on Friday, January 19th. Goldman Sachs Group set a $170.00 target price on International Business Machines and gave the stock a neutral rating in a report on Friday, January 19th. Finally, JPMorgan Chase & Co. set a $167.00 price target on International Business Machines and gave the stock a neutral rating in a research report on Friday, January 19th. Seven analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and eleven have given a buy rating to the company. The company presently has a consensus rating of Hold and a consensus target price of $164.37.
Shares of International Business Machines (NYSE:IBM) opened at $151.40 on Friday. The company has a debt-to-equity ratio of 2.25, a quick ratio of 1.29 and a current ratio of 1.33. The company has a market capitalization of $140,160.00, a price-to-earnings ratio of 24.78, a PEG ratio of 2.19 and a beta of 0.94. International Business Machines has a 1-year low of $139.13 and a 1-year high of $182.79.
International Business Machines (NYSE:IBM) last announced its earnings results on Thursday, January 18th. The technology company reported $5.18 EPS for the quarter, topping the consensus estimate of $5.17 by $0.01. The company had revenue of $22.54 billion for the quarter, compared to analysts’ expectations of $22.03 billion. International Business Machines had a return on equity of 69.48% and a net margin of 7.27%. The business’s revenue for the quarter was up 3.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $5.01 earnings per share. research analysts expect that International Business Machines will post 13.82 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Saturday, March 10th. Stockholders of record on Friday, February 9th will be paid a dividend of $1.50 per share. The ex-dividend date is Thursday, February 8th. This represents a $6.00 annualized dividend and a dividend yield of 3.96%. International Business Machines’s dividend payout ratio is currently 98.20%.
In other news, Director Frederick H. Waddell purchased 610 shares of International Business Machines stock in a transaction that occurred on Wednesday, January 31st. The stock was acquired at an average cost of $163.38 per share, for a total transaction of $99,661.80. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 0.23% of the company’s stock.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in IBM. Buckingham Asset Management LLC raised its holdings in International Business Machines by 63.8% in the 4th quarter. Buckingham Asset Management LLC now owns 11,053 shares of the technology company’s stock valued at $1,696,000 after acquiring an additional 4,304 shares in the last quarter. Derby & Company Inc. acquired a new position in shares of International Business Machines during the 4th quarter worth $859,000. Darrell & King LLC acquired a new position in shares of International Business Machines during the 4th quarter worth $33,334,000. Institute for Wealth Management LLC. acquired a new position in shares of International Business Machines during the 4th quarter worth $1,279,000. Finally, Good Life Advisors LLC raised its holdings in shares of International Business Machines by 70.9% during the 4th quarter. Good Life Advisors LLC now owns 7,196 shares of the technology company’s stock worth $1,179,000 after buying an additional 2,986 shares in the last quarter. Institutional investors and hedge funds own 57.08% of the company’s stock.
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International Business Machines Company Profile
International Business Machines Corporation (IBM) is a technology company. The Company operates through five segments: Cognitive Solutions, Global Business Services (GBS), Technology Services & Cloud Platforms, Systems and Global Financing. The Cognitive Solutions segment delivers a spectrum of capabilities, from descriptive, predictive and prescriptive analytics to cognitive systems.
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