Media headlines about IBM (NYSE:IBM) have trended somewhat positive on Saturday, according to InfoTrie Sentiment. InfoTrie rates the sentiment of news coverage by reviewing more than 6,000 blog and news sources. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. IBM earned a news sentiment score of 1.47 on their scale. InfoTrie also gave headlines about the technology company an news buzz score of 10 out of 10, meaning that recent news coverage is extremely likely to have an effect on the stock’s share price in the next several days.
These are some of the media headlines that may have impacted IBM’s score:
- BMO Capital Markets Reaffirms Hold Rating for IBM (IBM) (americanbankingnews.com)
- Ethereum Cofounder Claims IBM Blockchain “Misses the Point” – BTCMANAGER (btcmanager.com)
- IBM’s Paul Farrell: ‘Creating a culture of innovation is about being open’ – Siliconrepublic.com (siliconrepublic.com)
- HCL Drops Most in Seven Weeks on $1.8 Billion IBM-Asset Buy – Bloomberg (bloomberg.com)
- Why IBM Is Selling Key Assets to HCL Technologies (finance.yahoo.com)
IBM stock opened at $119.34 on Friday. IBM has a fifty-two week low of $114.09 and a fifty-two week high of $171.13. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.26 and a current ratio of 1.31. The company has a market cap of $112.61 billion, a P/E ratio of 8.65, a PEG ratio of 1.81 and a beta of 1.20.
IBM (NYSE:IBM) last posted its quarterly earnings results on Tuesday, October 16th. The technology company reported $3.42 earnings per share for the quarter, topping analysts’ consensus estimates of $3.40 by $0.02. IBM had a return on equity of 69.98% and a net margin of 7.12%. The business had revenue of $18.76 billion for the quarter, compared to the consensus estimate of $19.04 billion. During the same period in the prior year, the business earned $3.30 EPS. The firm’s revenue for the quarter was down 2.1% on a year-over-year basis. On average, equities research analysts forecast that IBM will post 13.81 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 10th. Stockholders of record on Friday, November 9th will be paid a $1.57 dividend. This represents a $6.28 annualized dividend and a dividend yield of 5.26%. The ex-dividend date is Thursday, November 8th. IBM’s dividend payout ratio (DPR) is presently 45.51%.
IBM announced that its Board of Directors has approved a stock repurchase program on Tuesday, October 30th that authorizes the company to repurchase $4.00 billion in shares. This repurchase authorization authorizes the technology company to purchase up to 3.5% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.
A number of research analysts have recently issued reports on IBM shares. Wedbush dropped their price objective on IBM from $185.00 to $165.00 and set a “neutral” rating on the stock in a research note on Thursday, October 18th. Zacks Investment Research raised IBM from a “sell” rating to a “hold” rating in a research note on Thursday, October 18th. Goldman Sachs Group reissued a “neutral” rating and issued a $155.00 price objective on shares of IBM in a research note on Monday, October 29th. BMO Capital Markets reaffirmed a “hold” rating and set a $145.00 price target on shares of IBM in a research note on Friday. Finally, ValuEngine raised IBM from a “strong sell” rating to a “sell” rating in a research note on Saturday, December 1st. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and nine have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $164.02.
In related news, Director Sidney Taurel acquired 4,311 shares of the stock in a transaction dated Wednesday, October 31st. The stock was purchased at an average cost of $115.02 per share, with a total value of $495,851.22. Following the completion of the purchase, the director now directly owns 19,987 shares in the company, valued at approximately $2,298,904.74. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Chairman Virginia M. Rometty acquired 8,500 shares of the stock in a transaction dated Friday, November 2nd. The stock was bought at an average cost of $117.51 per share, with a total value of $998,835.00. Following the completion of the purchase, the chairman now owns 11,368 shares of the company’s stock, valued at $1,335,853.68. The disclosure for this purchase can be found here. Corporate insiders own 0.17% of the company’s stock.
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IBM Company Profile
International Business Machines Corporation operates as an integrated technology and services company worldwide. Its Cognitive Solutions segment offers Watson, a cognitive computing platform that interacts in natural language, processes big data, and learns from interactions with people and computers.
Further Reading: Buyback For Investors Defined
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