How Do International Business Machines Corp. (NYSE:IBM)’s Fundamentals Affect Performance

The price of International Business Machines Corp. (NYSE:IBM) shares last traded on Wall Street fell -0.09% to $148.83.

Based on available information, 18 analysts follow International Business Machines Corp. (NYSE:IBM). The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $179.00 and a low of $110.00, we find $145.00. Given the previous closing price of $148.97, this indicates a potential downside of -2.66 percent. IBM stock price is now 3.46% away from the 50-day moving average and 9.92% away from the 200-day moving average. The market capitalization of the company currently stands at $135.90B.

Among analysts, 11 rate the stock a hold while 5 rate it a buy. Brokers who have rated the stock have averaged $147.21 as their price target over the next twelve months.

With the price target of $188, RBC Capital Mkts recently initiated with Outperform rating for International Business Machines Corp. (NYSE: IBM).

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 $11.08 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 $2.17 million. Insiders disposed of 221,850 shares of company stock worth roughly $33.02 million over the past 1 year. A total of 0.08% of the company’s stock is owned by insiders.

A candlestick chart of International Business Machines Corp. (NYSE: IBM) showed a price of $149.03 on Tuesday morning. During the past 12 months, International Business Machines Corp. has had a low of $120.55 and a high of $153.21. As of last week, the company has a debt-to-equity ratio of 2.54, a current ratio of 0.87, and a quick ratio of 0.83. According to the stock market information, the enterprise value for the company is $183.57B, which is based on a 19.75 price-to-earnings ratio, a 7.05 price-to-earnings-growth ratio, and a beta of 0.75. The fifty day moving average price for IBM is $143.85 and a two-hundred day moving average price translates $135.40 for the stock.

The latest earnings results from International Business Machines Corp. (NYSE: IBM) was released for Sep, 2023. According to the Information Technology Services Company, earnings per share came in at $2.18, beating analysts’ expectations of $2.01 by 0.17. This compares to $0.02 EPS in the same period last year. The net profit margin was 11.32% and return on equity was 32.89% for IBM. The company reported revenue of $14.75 billion for the quarter, compared to $14.11 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 4.57 percent. For the current quarter, analysts expect IBM to generate $13.91B in revenue.

International Business Machines Corp.(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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