International Business Machines (NYSE:IBM) issued its quarterly earnings data on Wednesday. The technology company reported $2.07 EPS for the quarter, topping analysts’ consensus estimates of $1.79 by $0.28, MarketWatch Earnings reports. International Business Machines had a net margin of 10.53% and a return on equity of 48.69%. During the same period last year, the company posted $4.71 EPS.
Shares of NYSE:IBM opened at $118.61 on Friday. The company has a quick ratio of 1.00, a current ratio of 1.05 and a debt-to-equity ratio of 2.58. International Business Machines has a fifty-two week low of $90.56 and a fifty-two week high of $158.75. The firm has a 50-day simple moving average of $126.43 and a 200 day simple moving average of $122.77. The company has a market cap of $105.69 billion, a PE ratio of 13.43, a P/E/G ratio of 3.36 and a beta of 1.25.
A number of brokerages have commented on IBM. Zacks Investment Research lowered shares of International Business Machines from a “hold” rating to a “sell” rating and set a $124.00 price objective on the stock. in a report on Wednesday, October 21st. BMO Capital Markets dropped their target price on shares of International Business Machines from $140.00 to $138.00 and set a “market perform” rating for the company in a research report on Tuesday, October 20th. Finally, Morgan Stanley boosted their target price on shares of International Business Machines from $128.00 to $140.00 and gave the stock an “equal weight” rating in a research report on Friday, October 9th. One analyst has rated the stock with a sell rating, nine have given a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $139.13.
In other International Business Machines news, Director David N. Farr acquired 1,500 shares of the stock in a transaction that occurred on Thursday, October 29th. The stock was acquired at an average price of $107.74 per share, with a total value of $161,610.00. Following the transaction, the director now directly owns 6,758 shares in the company, valued at $728,106.92. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, Director Sidney Taurel acquired 5,000 shares of the stock in a transaction that occurred on Tuesday, October 27th. The shares were acquired at an average cost of $110.75 per share, with a total value of $553,750.00. Following the transaction, the director now owns 28,798 shares in the company, valued at $3,189,378.50. The disclosure for this purchase can be found here. In the last ninety days, insiders have purchased 13,387 shares of company stock valued at $1,513,946. Insiders own 0.24% of the company’s stock.
About International Business Machines
International Business Machines Corporation provides integrated solutions and services worldwide. Its Cloud & Cognitive Software segment offers software for vertical and domain-specific solutions in health, financial services, and Internet of Things (IoT), weather, and security software and services application areas; and customer information control system and storage, and analytics and integration software solutions to support client mission critical on-premise workloads in banking, airline, and retail industries.
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