A number of other brokerages have also recently issued reports on IBM. Bank of America raised their target price on International Business Machines from $162.00 to $165.00 and gave the stock a “buy” rating in a report on Wednesday, April 20th. Credit Suisse Group reduced their target price on International Business Machines from $166.00 to $156.00 and set an “outperform” rating on the stock in a report on Wednesday. Tigress Financial lifted their price objective on International Business Machines from $133.00 to $139.00 and gave the company a “neutral” rating in a report on Thursday, April 21st. BMO Capital Markets cut their price objective on International Business Machines from $152.00 to $148.00 in a report on Tuesday. Finally, Morgan Stanley cut their price objective on International Business Machines from $157.00 to $155.00 and set an “overweight” rating on the stock in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $146.10.
International Business Machines Price Performance
Shares of IBM opened at $129.18 on Thursday. The company has a current ratio of 0.92, a quick ratio of 0.87 and a debt-to-equity ratio of 2.44. 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 $116.19 billion, a P/E ratio of 20.97, a price-to-earnings-growth ratio of 1.66 and a beta of 0.93. The stock’s 50-day moving average price is $137.51 and its two-hundred day moving average price is $133.17.
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 analysts’ consensus estimates of $2.29 by $0.02. International Business Machines had a return on equity of 43.15% and a net margin of 8.72%. The firm had revenue of $15.54 billion for the quarter, compared to analysts’ expectations of $15.18 billion. During the same quarter last year, the business earned $2.33 earnings per share. The company’s revenue was up 9.3% compared to the same quarter last year. On average, equities analysts predict that International Business Machines will post 9.83 earnings per share for the current year.
Insiders Place Their Bets
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 stock was sold at an average price of $13.95, for a total transaction of $311,106,427.20. Following the transaction, the insider now directly owns 22,301,536 shares of the company’s stock, valued at approximately $311,106,427.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.04% of the company’s stock.
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in the business. TIAA FSB lifted its position in shares of International Business Machines by 13.7% during the 4th quarter. TIAA FSB now owns 115,187 shares of the technology company’s stock valued at $15,369,000 after acquiring an additional 13,835 shares during the period. Capital Asset Advisory Services LLC lifted its position in shares of International Business Machines by 24.2% during the 1st quarter. Capital Asset Advisory Services LLC now owns 5,044 shares of the technology company’s stock valued at $656,000 after acquiring an additional 982 shares during the period. CWM LLC bought a new stake in shares of International Business Machines during the 4th quarter valued at $6,798,000. Callahan Advisors LLC lifted its position in shares of International Business Machines by 37.7% during the 1st quarter. Callahan Advisors LLC now owns 2,906 shares of the technology company’s stock valued at $378,000 after acquiring an additional 796 shares during the period. Finally, Graypoint LLC lifted its position in shares of International Business Machines by 47.9% during the 1st quarter. Graypoint LLC now owns 3,471 shares of the technology company’s stock valued at $451,000 after acquiring an additional 1,124 shares during the period. 55.22% of the stock is owned by institutional investors and hedge funds.
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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