By otakuyassine3@gmail.com 
Shares of International Business Machines Co. (NYSE:IBM – Get Free Report) have been given a consensus recommendation of “Hold” by the seventeen brokerages that are presently covering the firm, MarketBeat reports. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating on the company. The average 1 year price objective among brokers that have covered the stock in the last year is $208.94.
A number of analysts recently commented on the company. Morgan Stanley increased their price objective on International Business Machines from $208.00 to $222.00 and gave the company an “equal weight” rating in a research note on Monday, December 16th. BMO Capital Markets raised their price target on shares of International Business Machines from $235.00 to $260.00 and gave the stock a “market perform” rating in a research note on Thursday, October 24th. Jefferies Financial Group boosted their price objective on shares of International Business Machines from $200.00 to $245.00 and gave the company a “hold” rating in a research report on Monday, October 21st. Royal Bank of Canada restated an “outperform” rating and set a $250.00 target price on shares of International Business Machines in a research report on Thursday, October 24th. Finally, StockNews.com downgraded International Business Machines from a “buy” rating to a “hold” rating in a report on Wednesday, November 20th.
Read Our Latest Report on International Business Machines
Insider Transactions at International Business Machines
In other news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of the company’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $215.20, for a total value of $774,720.00. Following the completion of the sale, the senior vice president now owns 25,390 shares of the company’s stock, valued at $5,463,928. This represents a 12.42 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.07% of the company’s stock.
Hedge Funds Weigh In On International Business Machines
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Lantz Financial LLC boosted its position in International Business Machines by 0.9% in the 2nd quarter. Lantz Financial LLC now owns 11,935 shares of the technology company’s stock valued at $2,064,000 after buying an additional 107 shares during the last quarter. Strategic Blueprint LLC lifted its stake in shares of International Business Machines by 35.0% in the second quarter. Strategic Blueprint LLC now owns 9,113 shares of the technology company’s stock worth $1,576,000 after acquiring an additional 2,364 shares in the last quarter. Ameritas Advisory Services LLC boosted its holdings in International Business Machines by 38.1% in the second quarter. Ameritas Advisory Services LLC now owns 15,359 shares of the technology company’s stock valued at $2,656,000 after purchasing an additional 4,240 shares during the last quarter. Tobam grew its stake in International Business Machines by 135.9% during the 2nd quarter. Tobam now owns 11,816 shares of the technology company’s stock valued at $2,044,000 after purchasing an additional 6,807 shares in the last quarter. Finally, F M Investments LLC purchased a new stake in International Business Machines during the 2nd quarter worth approximately $7,686,000. 58.96% of the stock is owned by institutional investors and hedge funds.
International Business Machines Stock Down 0.9 %
Shares of NYSE IBM opened at $222.78 on Wednesday. The firm’s 50-day moving average is $221.08 and its two-hundred day moving average is $205.99. The company has a market capitalization of $205.99 billion, a PE ratio of 32.43, a price-to-earnings-growth ratio of 5.17 and a beta of 0.73. International Business Machines has a 12-month low of $157.88 and a 12-month high of $239.35. The company has a debt-to-equity ratio of 2.16, a current ratio of 1.06 and a quick ratio of 1.01.
International Business Machines (NYSE:IBM – Get Free Report) last issued its quarterly earnings data on Wednesday, October 23rd. The technology company reported $2.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.27 by $0.03. The firm had revenue of $14.97 billion during the quarter, compared to the consensus estimate of $15.08 billion. International Business Machines had a return on equity of 40.52% and a net margin of 10.22%. The company’s quarterly revenue was up 1.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.20 EPS. Equities analysts anticipate that International Business Machines will post 10.12 EPS for the current fiscal year.
International Business Machines Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Tuesday, November 12th were paid a dividend of $1.67 per share. The ex-dividend date of this dividend was Tuesday, November 12th. This represents a $6.68 annualized dividend and a yield of 3.00%. International Business Machines’s dividend payout ratio is currently 97.23%.
About International Business Machines
International Business Machines Corporation, together with its subsidiaries, provides integrated solutions and services worldwide. The company operates through Software, Consulting, Infrastructure, and Financing segments. The Software segment offers a hybrid cloud and AI platforms that allows clients to realize their digital and AI transformations across the applications, data, and environments in which they operate.
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