International Business Machines Corporation (NYSE:IBM) was the recipient of a large decrease in short interest in the month of October. As of October 31st, there was short interest totalling 15,320,208 shares, a decrease of 18.2% from the October 13th total of 18,725,353 shares. Approximately 1.6% of the shares of the stock are sold short. Based on an average trading volume of 8,027,270 shares, the days-to-cover ratio is presently 1.9 days.

A number of large investors have recently made changes to their positions in IBM. Barry Investment Advisors LLC boosted its holdings in International Business Machines Corporation by 8.4% in the first quarter. Barry Investment Advisors LLC now owns 3,181 shares of the technology company’s stock worth $554,000 after acquiring an additional 247 shares in the last quarter. One Capital Management LLC boosted its holdings in International Business Machines Corporation by 13.7% in the first quarter. One Capital Management LLC now owns 2,196 shares of the technology company’s stock worth $382,000 after acquiring an additional 265 shares in the last quarter. Willingdon Wealth Management boosted its holdings in International Business Machines Corporation by 7.6% in the first quarter. Willingdon Wealth Management now owns 3,206 shares of the technology company’s stock worth $558,000 after acquiring an additional 227 shares in the last quarter. Stoneridge Investment Partners LLC boosted its holdings in International Business Machines Corporation by 117.3% in the first quarter. Stoneridge Investment Partners LLC now owns 28,460 shares of the technology company’s stock worth $4,956,000 after acquiring an additional 15,363 shares in the last quarter. Finally, Welch Investments LLC boosted its holdings in International Business Machines Corporation by 3.1% in the first quarter. Welch Investments LLC now owns 22,496 shares of the technology company’s stock worth $3,917,000 after acquiring an additional 669 shares in the last quarter. Institutional investors and hedge funds own 58.25% of the company’s stock.

Shares of International Business Machines Corporation (NYSE:IBM) opened at $147.10 on Thursday. The company has a market capitalization of $136,020.00, a P/E ratio of 10.86, a P/E/G ratio of 2.17 and a beta of 0.94. The company has a debt-to-equity ratio of 2.09, a quick ratio of 1.36 and a current ratio of 1.41. International Business Machines Corporation has a one year low of $139.13 and a one year high of $182.79.

International Business Machines Corporation (NYSE:IBM) last announced its quarterly earnings results on Tuesday, October 17th. The technology company reported $3.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.28 by $0.02. The business had revenue of $19.15 billion for the quarter, compared to analyst estimates of $18.63 billion. International Business Machines Corporation had a return on equity of 68.68% and a net margin of 14.43%. The company’s quarterly revenue was down .4% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.29 earnings per share. analysts forecast that International Business Machines Corporation will post 13.8 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Saturday, December 9th. Shareholders of record on Friday, November 10th will be issued a $1.50 dividend. The ex-dividend date of this dividend is Thursday, November 9th. This represents a $6.00 annualized dividend and a yield of 4.08%. International Business Machines Corporation’s payout ratio is currently 50.08%.

International Business Machines Corporation declared that its Board of Directors has initiated a stock repurchase program on Tuesday, October 31st that permits the company to repurchase $3.00 billion in outstanding shares. This repurchase authorization permits the technology company to buy shares of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s board believes its shares are undervalued.

IBM has been the subject of a number of recent analyst reports. Argus reiterated a “buy” rating and set a $175.00 target price (down from $192.00) on shares of International Business Machines Corporation in a research report on Friday, July 21st. Stifel Nicolaus reiterated a “buy” rating and set a $182.00 target price on shares of International Business Machines Corporation in a research report on Friday, July 21st. Standpoint Research upgraded International Business Machines Corporation from a “hold” rating to a “buy” rating in a research report on Wednesday, July 19th. Vetr upgraded International Business Machines Corporation from a “hold” rating to a “buy” rating and set a $150.68 price objective for the company in a research report on Monday, July 31st. Finally, ValuEngine upgraded International Business Machines Corporation from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Eight investment analysts have rated the stock with a sell rating, eighteen have issued a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $158.93.

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International Business Machines Corporation Company Profile

International Business Machines Corporation (IBM) is a technology company. The Company operates through five segments: Cognitive Solutions, Global Business Services (GBS), Technology Services & Cloud Platforms, Systems and Global Financing. The Cognitive Solutions segment delivers a spectrum of capabilities, from descriptive, predictive and prescriptive analytics to cognitive systems.

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