1 week Ago By ABMN Staff
International Business Machines Co. ( NYSE:IBM – Get Free Report ) was the recipient of a significant increase in short interest in the month of December. As of December 15th, there was short interest totalling 23,140,000 shares, an increase of 9.
4% from the November 30th total of 21,150,000 shares. Based on an average daily volume of 4,170,000 shares, the days-to-cover ratio is currently 5.5 days.
International Business Machines Stock Down 0.2 % IBM opened at $219.83 on Thursday.
The firm has a 50-day simple moving average of $220.34 and a two-hundred day simple moving average of $206.80.
International Business Machines has a 52 week low of $157.88 and a 52 week high of $239.35.
The company has a market capitalization of $203.26 billion, a PE ratio of 32.00, a price-to-earnings-growth ratio of 5.
18 and a beta of 0.73. The company has a quick ratio of 1.
01, a current ratio of 1.06 and a debt-to-equity ratio of 2.16.
International Business Machines ( NYSE:IBM – Get Free Report ) last released its quarterly earnings data on Wednesday, October 23rd. The technology company reported $2.30 EPS for the quarter, beating the consensus estimate of $2.
27 by $0.03. International Business Machines had a net margin of 10.
22% and a return on equity of 40.52%. The business had revenue of $14.
97 billion during the quarter, compared to the consensus estimate of $15.08 billion. During the same quarter in the prior year, the firm earned $2.
20 EPS. The business’s revenue was up 1.5% on a year-over-year basis.
Analysts forecast that International Business Machines will post 10.12 earnings per share for the current fiscal year. International Business Machines Dividend Announcement Wall Street Analysts Forecast Growth Several research firms have recently commented on IBM.
UBS Group lifted their price objective on International Business Machines from $130.00 to $145.00 and gave the stock a “sell” rating in a report on Wednesday, September 4th.
Evercore ISI lifted their price objective on International Business Machines from $215.00 to $240.00 and gave the stock an “outperform” rating in a report on Wednesday, September 11th.
BMO Capital Markets lifted their price objective on International Business Machines from $235.00 to $260.00 and gave the stock a “market perform” rating in a report on Thursday, October 24th.
Stifel Nicolaus lifted their price objective on International Business Machines from $205.00 to $246.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th.
Finally, Bank of America lifted their price objective on International Business Machines from $209.00 to $250.00 and gave the stock a “buy” rating in a report on Wednesday, October 9th.
Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $208.
94. Get Our Latest Research Report on IBM Insider Transactions at International Business Machines In other news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of the company’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $215.
20, for a total value of $774,720.00. Following the transaction, the senior vice president now owns 25,390 shares of the company’s stock, valued at approximately $5,463,928.
This represents a 12.42 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website .
Insiders own 0.07% of the company’s stock. Institutional Trading of International Business Machines Institutional investors have recently bought and sold shares of the stock.
Hazlett Burt & Watson Inc. increased its position in International Business Machines by 1,054.5% during the third quarter.
Hazlett Burt & Watson Inc. now owns 127 shares of the technology company’s stock valued at $29,000 after acquiring an additional 116 shares during the last quarter. Hara Capital LLC bought a new position in International Business Machines during the third quarter valued at $29,000.
Oliver Lagore Vanvalin Investment Group bought a new position in International Business Machines during the second quarter valued at $36,000. Capital Performance Advisors LLP bought a new position in International Business Machines during the third quarter valued at $43,000. Finally, Mowery & Schoenfeld Wealth Management LLC increased its position in International Business Machines by 47.
2% during the third quarter. Mowery & Schoenfeld Wealth Management LLC now owns 240 shares of the technology company’s stock valued at $53,000 after acquiring an additional 77 shares during the last quarter. 58.
96% of the stock is currently owned by institutional investors. About International Business Machines ( Get Free Report ) International Business Machines Corporation, together with its subsidiaries, provides integrated solutions and services worldwide. The company operates through Software, Consulting, Infrastructure, and Financing segments.
The Software segment offers a hybrid cloud and AI platforms that allows clients to realize their digital and AI transformations across the applications, data, and environments in which they operate. Featured Articles Receive News & Ratings for International Business Machines Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for International Business Machines and related companies with MarketBeat.com's FREE daily email newsletter .
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