Shares of IBM (NYSE:IBM) have been assigned a consensus rating of “Hold” from the twenty-seven research firms that are covering the stock, Marketbeat reports. Three analysts have rated the stock with a sell recommendation, twelve have assigned a hold recommendation and nine have issued a buy recommendation on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $169.17.
IBM has been the topic of several recent analyst reports. Stifel Nicolaus dropped their price target on IBM from $182.00 to $178.00 and set a “buy” rating on the stock in a research note on Thursday, July 19th. ValuEngine lowered IBM from a “hold” rating to a “sell” rating in a research note on Thursday, August 2nd. Zacks Investment Research lowered IBM from a “buy” rating to a “hold” rating in a research note on Wednesday, September 19th. Deutsche Bank dropped their price target on IBM to $150.00 and set a “hold” rating on the stock in a research note on Thursday, July 19th. Finally, Morgan Stanley dropped their price target on IBM from $198.00 to $185.00 and set a “$149.24” rating on the stock in a research note on Thursday, July 19th.
IBM stock opened at $150.03 on Friday. The company has a current ratio of 1.32, a quick ratio of 1.27 and a debt-to-equity ratio of 2.03. The company has a market capitalization of $138.15 billion, a P/E ratio of 10.87, a P/E/G ratio of 2.21 and a beta of 0.88. IBM has a one year low of $137.45 and a one year high of $171.13.
IBM (NYSE:IBM) last posted its quarterly earnings data on Wednesday, July 18th. The technology company reported $3.08 EPS for the quarter, topping the Zacks’ consensus estimate of $3.04 by $0.04. The company had revenue of $20 billion for the quarter, compared to analyst estimates of $19.85 billion. IBM had a return on equity of 69.84% and a net margin of 7.13%. The firm’s quarterly revenue was up 3.7% on a year-over-year basis. During the same period in the previous year, the firm earned $2.94 earnings per share. equities analysts predict that IBM will post 13.82 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, September 10th. Stockholders of record on Friday, August 10th were issued a dividend of $1.57 per share. The ex-dividend date was Thursday, August 9th. This represents a $6.28 annualized dividend and a dividend yield of 4.19%. IBM’s dividend payout ratio is 45.51%.
In other news, insider Diane J. Gherson sold 11,451 shares of the business’s stock in a transaction that occurred on Friday, August 3rd. The stock was sold at an average price of $145.42, for a total transaction of $1,665,204.42. Following the completion of the sale, the insider now owns 19,114 shares in the company, valued at $2,779,557.88. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 0.17% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Schroder Investment Management Group grew its stake in IBM by 24.1% in the 2nd quarter. Schroder Investment Management Group now owns 1,854,109 shares of the technology company’s stock valued at $259,649,000 after purchasing an additional 359,868 shares during the period. Bruce & Co. Inc. grew its stake in IBM by 37.6% in the 1st quarter. Bruce & Co. Inc. now owns 146,500 shares of the technology company’s stock valued at $22,477,000 after purchasing an additional 40,000 shares during the period. Vantage Investment Advisors LLC grew its stake in IBM by 99.8% in the 1st quarter. Vantage Investment Advisors LLC now owns 28,418 shares of the technology company’s stock valued at $4,360,000 after purchasing an additional 14,196 shares during the period. Baird Financial Group Inc. grew its stake in IBM by 10.2% in the 1st quarter. Baird Financial Group Inc. now owns 143,389 shares of the technology company’s stock valued at $22,000,000 after purchasing an additional 13,226 shares during the period. Finally, Ostrum Asset Management bought a new position in IBM in the 1st quarter valued at $1,523,000. Hedge funds and other institutional investors own 55.35% of the company’s stock.
International Business Machines Corporation operates as an integrated technology and services company worldwide. Its Cognitive Solutions segment offers Watson, a cognitive computing platform that interacts in natural language, processes big data, and learns from interactions with people and computers.
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