International Business Machines Corporation (NYSE:IBM) was the recipient of a significant decrease in short interest during 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 company’s stock are sold short. Based on an average daily trading volume, of 8,027,270 shares, the short-interest ratio is currently 1.9 days.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. raised its stake in International Business Machines Corporation by 3.7% in the second quarter. Vanguard Group Inc. now owns 62,228,040 shares of the technology company’s stock valued at $9,572,538,000 after purchasing an additional 2,241,818 shares in the last quarter. BlackRock Inc. raised its stake in International Business Machines Corporation by 2.4% in the second quarter. BlackRock Inc. now owns 52,936,360 shares of the technology company’s stock valued at $8,143,204,000 after purchasing an additional 1,241,441 shares in the last quarter. State Street Corp raised its stake in International Business Machines Corporation by 0.4% in the first quarter. State Street Corp now owns 51,198,962 shares of the technology company’s stock valued at $8,915,788,000 after purchasing an additional 181,993 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec raised its stake in International Business Machines Corporation by 4.3% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 5,242,553 shares of the technology company’s stock valued at $763,790,000 after purchasing an additional 216,212 shares in the last quarter. Finally, Legal & General Group Plc raised its stake in International Business Machines Corporation by 2.5% in the third quarter. Legal & General Group Plc now owns 4,929,973 shares of the technology company’s stock valued at $715,252,000 after purchasing an additional 119,747 shares in the last quarter. 58.25% of the stock is currently owned by institutional investors and hedge funds.

Shares of International Business Machines Corporation (NYSE IBM) opened at $148.97 on Friday. The firm has a market cap of $137,915.09, a P/E ratio of 10.91, a P/E/G ratio of 2.18 and a beta of 0.94. The company has a debt-to-equity ratio of 2.09, a current ratio of 1.41 and a quick ratio of 1.36. 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 earnings results on Tuesday, October 17th. The technology company reported $3.30 earnings per share for the quarter, beating analysts’ consensus estimates of $3.28 by $0.02. The business had revenue of $19.15 billion for the quarter, compared to the consensus estimate of $18.63 billion. International Business Machines Corporation had a net margin of 14.43% and a return on equity of 68.68%. International Business Machines Corporation’s quarterly revenue was down .4% on a year-over-year basis. During the same period last year, the firm posted $3.29 earnings per share. equities analysts anticipate that International Business Machines Corporation will post 13.8 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Saturday, December 9th. Investors of record on Friday, November 10th will be paid a $1.50 dividend. This represents a $6.00 dividend on an annualized basis and a yield of 4.03%. The ex-dividend date of this dividend is Thursday, November 9th. International Business Machines Corporation’s dividend payout ratio is currently 50.13%.

IBM has been the subject of several recent analyst reports. Goldman Sachs Group, Inc. (The) reiterated a “neutral” rating and issued a $168.00 target price (down previously from $170.00) on shares of International Business Machines Corporation in a research note on Saturday, July 22nd. Morgan Stanley reiterated an “overweight” rating and issued a $192.00 target price (down previously from $212.00) on shares of International Business Machines Corporation in a research note on Saturday, July 22nd. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $160.00 target price (down previously from $165.00) on shares of International Business Machines Corporation in a research note on Saturday, July 22nd. UBS AG reiterated a “neutral” rating and issued a $159.00 target price (down previously from $167.00) on shares of International Business Machines Corporation in a research note on Saturday, July 22nd. Finally, Vetr lowered shares of International Business Machines Corporation from a “buy” rating to a “hold” rating and set a $150.68 target price for the company. in a research note on Monday, July 24th. Eight investment analysts have rated the stock with a sell rating, eighteen have given a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. International Business Machines Corporation currently has an average rating of “Hold” and a consensus price target of $158.93.

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About International Business Machines Corporation

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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