International Business Machines Corp. (NYSE:IBM) has received an average rating of “Hold” from the thirty-five ratings firms that are covering the stock, MarketBeat reports. Seven research analysts have rated the stock with a sell recommendation, seventeen have given a hold recommendation and eleven have issued a buy recommendation on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $164.37.
A number of brokerages have recently weighed in on IBM. Morgan Stanley cut International Business Machines from an “equal weight” rating to an “underweight” rating and increased their price target for the stock from $200.00 to $205.00 in a research report on Tuesday, January 23rd. Cantor Fitzgerald reiterated a “hold” rating and set a $152.00 price target on shares of International Business Machines in a research report on Friday, January 19th. Royal Bank of Canada reissued a “buy” rating and issued a $180.00 price objective on shares of International Business Machines in a report on Friday, January 19th. Societe Generale set a $149.00 price objective on International Business Machines and gave the stock a “sell” rating in a report on Friday, January 19th. Finally, JPMorgan Chase & Co. set a $167.00 price objective on International Business Machines and gave the stock a “neutral” rating in a report on Friday, January 19th.
Shares of International Business Machines (NYSE IBM) traded up $4.01 during trading on Friday, hitting $154.76. The stock had a trading volume of 5,475,235 shares, compared to its average volume of 6,830,000. The company has a debt-to-equity ratio of 2.25, a current ratio of 1.33 and a quick ratio of 1.29. The firm has a market cap of $143,280.00, a PE ratio of 25.33, a price-to-earnings-growth ratio of 2.21 and a beta of 0.94. International Business Machines has a fifty-two week low of $139.13 and a fifty-two week high of $182.79.
International Business Machines (NYSE:IBM) last announced its quarterly earnings results on Thursday, January 18th. The technology company reported $5.18 earnings per share for the quarter, topping analysts’ consensus estimates of $5.17 by $0.01. The business 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 quarterly revenue was up 3.6% on a year-over-year basis. During the same period in the prior year, the firm earned $5.01 EPS. research analysts forecast that International Business Machines will post 13.82 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Saturday, March 10th. Shareholders of record on Friday, February 9th will be paid a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a yield of 3.88%. The ex-dividend date of this dividend is Thursday, February 8th. International Business Machines’s payout ratio is currently 98.20%.
In other news, Director Frederick H. Waddell purchased 610 shares of the firm’s stock in a transaction on Wednesday, January 31st. The stock was purchased at an average cost of $163.38 per share, with a total value of $99,661.80. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.23% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Herndon Capital Management LLC boosted its stake in shares of International Business Machines by 39.0% during the 2nd quarter. Herndon Capital Management LLC now owns 695 shares of the technology company’s stock worth $107,000 after acquiring an additional 195 shares in the last quarter. Risk Paradigm Group LLC purchased a new stake in shares of International Business Machines in the fourth quarter valued at $118,000. ETF Managers Group LLC purchased a new stake in shares of International Business Machines in the second quarter valued at $121,000. Price Wealth Management Inc. purchased a new stake in shares of International Business Machines in the fourth quarter valued at $122,000. Finally, Capital Analysts LLC lifted its holdings in shares of International Business Machines by 100.5% in the fourth quarter. Capital Analysts LLC now owns 1,129 shares of the technology company’s stock valued at $125,000 after purchasing an additional 566 shares in the last quarter. 57.08% of the stock is owned by institutional investors and hedge funds.
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About International Business Machines
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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