The stock of International Business Machines Corporation (NYSE:IBM) last traded at $127.50, up 0.19% from the previous session.
Data from the available sources indicates that International Business Machines Corporation (NYSE:IBM) is covered by 17 analysts. The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $162.00 and a low of $110.00, we find $140.00. Given the previous closing price of $127.26, this indicates a potential upside of 10.01 percent. IBM stock price is now 0.95% away from the 50-day moving average and -4.09% away from the 200-day moving average. The market capitalization of the company currently stands at $114.77B.
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In total, 11 analysts have assigned it a hold rating, and 5 have given it a buy rating. Brokers who have rated the stock have averaged $140.22 as their price target over the next twelve months.
In other news, KAVANAUGH JAMES J, Sr. VP and CFO sold 38,519 shares of the company’s stock on Feb 01. The stock was sold for $5,151,038 at an average price of $133.73. Upon completion of the transaction, the Sr. VP and CFO now directly owns 74,467 shares in the company, valued at $9.49 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 22, VP, Controller Del Bene Robert F sold 3,000 shares of the business’s stock. A total of $445,088 was realized by selling the stock at an average price of $148.36. This leaves the insider owning 14,553 shares of the company worth $1.86 million. Insiders disposed of 229,244 shares of company stock worth roughly $29.23 million over the past 1 year. A total of 0.09% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in IBM stock. A new stake in International Business Machines Corporation shares was purchased by RENAISSANCE TECHNOLOGIES LLC during the first quarter worth $187,540,000. OFI INVEST ASSET MANAGEMENT invested $149,674,000 in shares of IBM during the first quarter. In the first quarter, HRT FINANCIAL LP acquired a new stake in International Business Machines Corporation valued at approximately $85,726,000. TWINBEECH CAPITAL LP acquired a new stake in IBM for approximately $51,927,000. ERGOTELES LLC purchased a new stake in IBM valued at around $35,594,000 in the second quarter. In total, there are 3,010 active investors with 58.50% ownership of the company’s stock.
With an opening price of $127.50 on Monday morning, International Business Machines Corporation (NYSE: IBM) set off the trading day. During the past 12 months, International Business Machines Corporation has had a low of $115.54 and a high of $153.21. As of last week, the company has a debt-to-equity ratio of 2.72, a current ratio of 1.20, and a quick ratio of 1.10. According to the stock market information, the enterprise value for the company is $159.58B, which is based on a 62.04 price-to-earnings ratio, a 9.38 price-to-earnings-growth ratio, and a beta of 0.85. The fifty day moving average price for IBM is $126.35 and a two-hundred day moving average price translates $132.92 for the stock.
The latest earnings results from International Business Machines Corporation (NYSE: IBM) was released for Mar, 2023. According to the Information Technology Services Company, earnings per share came in at $1.36, beating analysts’ expectations of $1.26 by 0.1. This compares to $0.08 EPS in the same period last year. The net profit margin was 3.00% and return on equity was 8.80% for IBM. The company reported revenue of $14.25 billion for the quarter, compared to $14.2 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 0.39 percent. For the current quarter, analysts expect IBM to generate $15.56B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 06/10/2023. Investors who held shares on 05/10/2023 were paid a $1.66 dividend. On an annualized basis, this represents a $6.64 dividend and a 5.21% percent yield. There was an ex-dividend date of 05/09/2023 for this dividend. In terms of dividend payout ratio, IBM is presently at 326.40%.
International Business Machines Corporation(IBM) Company Profile
International Business Machines Corporation, together with its subsidiaries, 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; 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. This segment also provides transaction processing software that supports clients’ mission-critical and on-premise workloads in banking, airlines, and retail industries. The Consulting segment offers business transformation services, including strategy, business process design and operations, data and analytics, and system integration services; technology consulting services; and application and cloud platform services. The Infrastructure segment provides on-premises and cloud-based server and storage solutions for its clients’ mission-critical and regulated workloads; and support services and solutions for hybrid cloud infrastructure, as well as remanufacturing and remarketing services for used equipment. The Financing segment offers lease, installment payment, loan financing, and short-term working capital financing services. The company has collaboration agreement with Siemens Digital Industri Software to develop a combined software solution. The company was formerly known as Computing-Tabulating-Recording Co. International Business Machines Corporation was incorporated in 1911 and is headquartered in Armonk, New York.
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