International Business Machines Corp. (IBM) Director Frederick H. Waddell Purchases 610 Shares

International Business Machines Corp. (NYSE:IBM) Director Frederick H. Waddell bought 610 shares of the business’s stock in a transaction on Wednesday, January 31st. The shares were purchased at an average cost of $163.38 per share, for a total transaction of $99,661.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

International Business Machines Corp. (NYSE IBM) traded down $1.30 during midday trading on Thursday, hitting $162.40. 4,432,617 shares of the stock were exchanged, compared to its average volume of 5,860,000. International Business Machines Corp. has a 1-year low of $139.13 and a 1-year high of $182.79. The company has a debt-to-equity ratio of 2.25, a current ratio of 1.33 and a quick ratio of 1.29. The firm has a market capitalization of $150,350.00, a P/E ratio of 26.58, a PEG ratio of 2.39 and a beta of 0.94.

International Business Machines (NYSE:IBM) last posted its quarterly earnings results on Thursday, January 18th. The technology company reported $5.18 earnings per share for the quarter, topping the Zacks’ consensus estimate of $5.17 by $0.01. International Business Machines had a net margin of 7.27% and a return on equity of 69.48%. The business had revenue of $22.54 billion for the quarter, compared to the consensus estimate of $22.03 billion. During the same period in the prior year, the business posted $5.01 earnings per share. International Business Machines’s revenue for the quarter was up 3.6% compared to the same quarter last year. analysts anticipate that International Business Machines Corp. will post 13.82 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, March 10th. Investors of record on Friday, February 9th will be issued a $1.50 dividend. This represents a $6.00 dividend on an annualized basis and a yield of 3.69%. The ex-dividend date of this dividend is Thursday, February 8th. International Business Machines’s dividend payout ratio is presently 98.20%.

Several analysts have issued reports on the stock. Morgan Stanley downgraded shares of International Business Machines from an “equal weight” rating to an “underweight” rating and boosted their target price for the company from $200.00 to $205.00 in a research note on Tuesday, January 23rd. Cantor Fitzgerald reissued a “hold” rating and set a $152.00 target price on shares of International Business Machines in a research note on Friday, January 19th. Royal Bank of Canada reissued a “buy” rating and set a $180.00 target price on shares of International Business Machines in a research note on Friday, January 19th. Societe Generale set a $149.00 target price on shares of International Business Machines and gave the company a “sell” rating in a research note on Friday, January 19th. Finally, JPMorgan Chase & Co. set a $167.00 target price on shares of International Business Machines and gave the company a “neutral” rating in a research note on Friday, January 19th. Seven investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and eleven have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $164.37.

Large investors have recently modified their holdings of the stock. Herndon Capital Management LLC boosted its holdings in International Business Machines by 39.0% in the second quarter. Herndon Capital Management LLC now owns 695 shares of the technology company’s stock worth $107,000 after purchasing an additional 195 shares in the last quarter. Edge Wealth Management LLC boosted its holdings in International Business Machines by 5.6% in the second quarter. Edge Wealth Management LLC now owns 760 shares of the technology company’s stock worth $117,000 after purchasing an additional 40 shares in the last quarter. ETF Managers Group LLC bought a new stake in International Business Machines in the second quarter worth $121,000. Price Wealth Management Inc. bought a new stake in International Business Machines in the fourth quarter worth $122,000. Finally, Cerebellum GP LLC bought a new stake in International Business Machines in the fourth quarter worth $126,000. Hedge funds and other institutional investors own 57.36% of the company’s stock.

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International Business Machines 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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