International Business Machines (NYSE:IBM) updated its FY18 earnings guidance on Tuesday. The company provided EPS guidance of $13.80 for the period, compared to the Thomson Reuters consensus EPS estimate of $13.84.
Several research firms recently weighed in on IBM. Cantor Fitzgerald reissued a hold rating and set a $152.00 price target on shares of International Business Machines in a research report on Friday, January 19th. Zacks Investment Research lowered International Business Machines from a hold rating to a sell rating in a research report on Tuesday, December 19th. JPMorgan Chase & Co. set a $167.00 price target on International Business Machines and gave the company a neutral rating in a research report on Friday, January 19th. Vetr raised International Business Machines from a buy rating to a strong-buy rating and set a $170.25 price target on the stock in a research report on Monday, November 27th. Finally, Goldman Sachs set a $170.00 price target on International Business Machines and gave the company a neutral rating in a research report on Friday, January 19th. Six research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and eleven have issued a buy rating to the company’s stock. The company has a consensus rating of Hold and an average target price of $166.01.
Shares of International Business Machines stock opened at $156.69 on Thursday. The stock has a market capitalization of $143,886.42, a PE ratio of 11.29, a PEG ratio of 2.29 and a beta of 0.94. International Business Machines has a 52 week low of $139.13 and a 52 week high of $176.33. The company has a debt-to-equity ratio of 2.25, a quick ratio of 1.29 and a current ratio of 1.33.
International Business Machines (NYSE:IBM) last released its quarterly earnings results on Thursday, January 18th. The technology company reported $5.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.17 by $0.01. The company had revenue of $22.54 billion during the quarter, compared to the consensus estimate of $22.03 billion. International Business Machines had a return on equity of 69.48% and a net margin of 7.27%. The firm’s revenue was up 3.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $5.01 EPS. research analysts expect that International Business Machines will post 13.8 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Saturday, March 10th. Stockholders of record on Friday, February 9th were paid a dividend of $1.50 per share. The ex-dividend date was Thursday, February 8th. This represents a $6.00 annualized dividend and a dividend yield of 3.83%. International Business Machines’s dividend payout ratio (DPR) is presently 98.20%.
In related news, insider Diane J. Gherson sold 5,000 shares of the stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $156.00, for a total transaction of $780,000.00. Following the completion of the sale, the insider now owns 20,581 shares in the company, valued at approximately $3,210,636. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Frederick H. Waddell bought 610 shares of the firm’s stock in a transaction that occurred on Wednesday, January 31st. The shares were acquired at an average price of $163.38 per share, with a total value of $99,661.80. The disclosure for this purchase can be found here. 0.17% of the stock is owned by corporate insiders.
A number of large investors have recently made changes to their positions in IBM. Citizens Financial Group Inc RI boosted its stake in International Business Machines by 105.0% during the 2nd quarter. Citizens Financial Group Inc RI now owns 41,664 shares of the technology company’s stock valued at $6,409,000 after purchasing an additional 21,337 shares during the period. CWA Asset Management Group LLC boosted its stake in International Business Machines by 23.2% during the 2nd quarter. CWA Asset Management Group LLC now owns 19,262 shares of the technology company’s stock valued at $2,963,000 after purchasing an additional 3,629 shares during the period. Hugh Johnson Advisors LLC boosted its stake in International Business Machines by 0.9% during the 2nd quarter. Hugh Johnson Advisors LLC now owns 1,403 shares of the technology company’s stock valued at $216,000 after purchasing an additional 12 shares during the period. Ameriprise Financial Inc. boosted its stake in International Business Machines by 27.0% during the 2nd quarter. Ameriprise Financial Inc. now owns 1,744,912 shares of the technology company’s stock valued at $267,201,000 after purchasing an additional 370,775 shares during the period. Finally, Bridgewater Associates LP boosted its stake in International Business Machines by 3.5% during the 2nd quarter. Bridgewater Associates LP now owns 87,567 shares of the technology company’s stock valued at $13,470,000 after purchasing an additional 2,921 shares during the period. Hedge funds and other institutional investors own 56.99% 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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