International Business Machines (IBM) to Release Quarterly Earnings on Wednesday

International Business Machines (NYSE:IBM – Get Rating) is scheduled to be releasing its earnings data on Wednesday, January 25th.

International Business Machines Stock Performance

Shares of IBM opened at $141.86 on Tuesday. The firm has a market cap of $128.26 billion, a PE ratio of 103.55, a P/E/G ratio of 2.64 and a beta of 0.89. The company has a current ratio of 0.95, a quick ratio of 0.89 and a debt-to-equity ratio of 2.23. The stock has a fifty day moving average price of $144.67 and a 200-day moving average price of $135.49. International Business Machines has a 12 month low of $115.54 and a 12 month high of $153.21.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on IBM shares. Morgan Stanley downgraded International Business Machines from an “overweight” rating to an “equal weight” rating and cut their price target for the stock from $152.00 to $148.00 in a research report on Wednesday, January 18th. Credit Suisse Group dropped their target price on International Business Machines from $158.00 to $155.00 and set an “outperform” rating on the stock in a research report on Thursday, October 20th. Stifel Nicolaus raised their target price on International Business Machines from $140.00 to $158.00 and gave the company a “buy” rating in a research report on Monday. Evercore ISI raised their price target on shares of International Business Machines from $135.00 to $150.00 in a research note on Tuesday, January 17th. Finally, StockNews.com lowered shares of International Business Machines from a “buy” rating to a “hold” rating in a research note on Friday, October 21st. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $142.30.

Insider Activity at International Business Machines

In related news, VP Bene Robert F. Del sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, November 22nd. The stock was sold at an average price of $148.36, for a total transaction of $445,080.00. Following the completion of the transaction, the vice president now directly owns 14,553 shares in the company, valued at approximately $2,159,083.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.04% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On International Business Machines

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. MidWestOne Financial Group Inc. raised its position in International Business Machines by 1.6% in the 1st quarter. MidWestOne Financial Group Inc. now owns 9,121 shares of the technology company’s stock valued at $1,185,000 after purchasing an additional 142 shares in the last quarter. NBT Bank N A NY raised its position in International Business Machines by 0.7% in the 3rd quarter. NBT Bank N A NY now owns 35,692 shares of the technology company’s stock valued at $4,240,000 after purchasing an additional 258 shares in the last quarter. Dearborn Partners LLC raised its position in shares of International Business Machines by 0.4% during the 3rd quarter. Dearborn Partners LLC now owns 72,296 shares of the technology company’s stock worth $8,589,000 after acquiring an additional 316 shares in the last quarter. Nations Financial Group Inc. IA ADV raised its position in shares of International Business Machines by 7.0% during the 1st quarter. Nations Financial Group Inc. IA ADV now owns 6,563 shares of the technology company’s stock worth $853,000 after acquiring an additional 430 shares in the last quarter. Finally, West Family Investments Inc. raised its position in shares of International Business Machines by 23.3% during the 1st quarter. West Family Investments Inc. now owns 2,650 shares of the technology company’s stock worth $345,000 after acquiring an additional 500 shares in the last quarter. 55.90% of the stock is currently owned by hedge funds and other institutional investors.

International Business Machines Company Profile

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International Business Machines Corporation provides integrated solutions and services worldwide. The company operates through four business segments: Software, Consulting, Infrastructure, and Financing. The Software segment offers hybrid cloud platform and software solutions, such as Red Hat, an enterprise open-source solutions; software for business automation, AIOps and management, integration, and application servers; data and artificial intelligence solutions; and security software and services for threat, data, and identity.