A number of other research analysts also recently issued reports on IBM. Pivotal Research set a $180.00 price objective on IBM and gave the company a buy rating in a research note on Monday, April 16th. BMO Capital Markets restated a hold rating and issued a $175.00 price objective on shares of IBM in a research note on Thursday, January 11th. They noted that the move was a valuation call. Zacks Investment Research upgraded IBM from a sell rating to a hold rating in a research note on Wednesday, January 10th. Royal Bank of Canada restated a buy rating and issued a $180.00 price objective on shares of IBM in a research note on Friday, January 19th. Finally, Goldman Sachs set a $170.00 price objective on IBM and gave the company a neutral rating in a research note on Friday, January 19th. Seven analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and eleven have given a buy rating to the stock. The stock presently has a consensus rating of Hold and an average target price of $166.71.
Shares of IBM stock opened at $144.90 on Wednesday. The firm has a market cap of $136,056.48, a P/E ratio of 10.50, a P/E/G ratio of 2.16 and a beta of 0.90. The company has a quick ratio of 1.29, a current ratio of 1.37 and a debt-to-equity ratio of 2.21. IBM has a 12-month low of $139.13 and a 12-month high of $171.13.
IBM (NYSE:IBM) last announced its quarterly earnings data on Tuesday, April 17th. The technology company reported $2.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.42 by $0.03. The firm had revenue of $19.07 billion during the quarter, compared to the consensus estimate of $18.80 billion. IBM had a return on equity of 69.71% and a net margin of 7.10%. The business’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.35 EPS. equities analysts anticipate that IBM will post 13.83 EPS for the current year.
In related news, insider Diane J. Gherson sold 5,000 shares of the stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $156.00, for a total transaction of $780,000.00. Following the sale, the insider now owns 20,581 shares of the company’s stock, valued at approximately $3,210,636. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Frederick H. Waddell acquired 610 shares of the company’s stock in a transaction that occurred on Wednesday, January 31st. The shares were bought at an average cost of $163.38 per share, for a total transaction of $99,661.80. The disclosure for this purchase can be found here. Corporate insiders own 0.17% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the stock. Private Capital Management Inc. raised its holdings in shares of IBM by 71.3% in the 3rd quarter. Private Capital Management Inc. now owns 3,425 shares of the technology company’s stock valued at $497,000 after acquiring an additional 1,425 shares in the last quarter. Adviser Investments LLC raised its holdings in shares of IBM by 8.2% in the 3rd quarter. Adviser Investments LLC now owns 12,714 shares of the technology company’s stock valued at $1,845,000 after acquiring an additional 965 shares in the last quarter. Parnassus Investments CA raised its holdings in shares of IBM by 1.6% in the 3rd quarter. Parnassus Investments CA now owns 1,637,500 shares of the technology company’s stock valued at $237,569,000 after acquiring an additional 25,500 shares in the last quarter. Sippican Capital Advisors purchased a new stake in shares of IBM in the 4th quarter valued at about $1,075,000. Finally, Oakbrook Investments LLC raised its holdings in shares of IBM by 6.0% in the 4th quarter. Oakbrook Investments LLC now owns 11,036 shares of the technology company’s stock valued at $1,693,000 after acquiring an additional 625 shares in the last quarter. 57.01% of the stock is currently owned by institutional investors and hedge funds.
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IBM Company Profile
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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