David N. Farr Acquires 1,000 Shares of International Business Machines Co. (NYSE:IBM) Stock

International Business Machines Co. (NYSE:IBMGet Rating) Director David N. Farr acquired 1,000 shares of the stock in a transaction on Thursday, September 15th. The shares were bought at an average cost of $125.00 per share, for a total transaction of $125,000.00. Following the purchase, the director now directly owns 1,000 shares of the company’s stock, valued at approximately $125,000. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website.

International Business Machines Price Performance

Shares of NYSE IBM opened at $127.27 on Friday. The stock’s 50-day moving average is $131.90 and its two-hundred day moving average is $132.91. The company has a debt-to-equity ratio of 2.28, a current ratio of 0.88 and a quick ratio of 0.82. International Business Machines Co. has a 1-year low of $114.56 and a 1-year high of $146.00. The company has a market cap of $114.95 billion, a price-to-earnings ratio of 20.66, a price-to-earnings-growth ratio of 1.91 and a beta of 0.84.

International Business Machines (NYSE:IBMGet Rating) last issued its quarterly earnings results on Monday, July 18th. The technology company reported $2.31 earnings per share for the quarter, topping the consensus estimate of $2.29 by $0.02. International Business Machines had a return on equity of 43.52% and a net margin of 8.72%. The company had revenue of $15.54 billion for the quarter, compared to the consensus estimate of $15.18 billion. During the same quarter in the prior year, the business earned $2.33 EPS. International Business Machines’s revenue was up 9.3% on a year-over-year basis. Analysts forecast that International Business Machines Co. will post 9.39 EPS for the current fiscal year.

International Business Machines Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Saturday, September 10th. Shareholders of record on Wednesday, August 10th were issued a dividend of $1.65 per share. The ex-dividend date of this dividend was Tuesday, August 9th. This represents a $6.60 annualized dividend and a yield of 5.19%. International Business Machines’s dividend payout ratio (DPR) is 107.14%.

Analyst Ratings Changes

A number of equities analysts have weighed in on IBM shares. Morgan Stanley lowered their price objective on International Business Machines from $157.00 to $155.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 19th. BMO Capital Markets decreased their price target on International Business Machines from $152.00 to $148.00 in a research note on Tuesday, July 19th. StockNews.com lowered International Business Machines from a “buy” rating to a “hold” rating in a research note on Wednesday, August 31st. Societe Generale decreased their price target on International Business Machines to $129.00 in a research note on Tuesday, September 13th. Finally, Credit Suisse Group upped their price target on International Business Machines from $156.00 to $163.00 and gave the company an “outperform” rating in a research note on Wednesday, August 17th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, International Business Machines currently has a consensus rating of “Hold” and a consensus target price of $145.18.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the business. Cranbrook Wealth Management LLC boosted its position in shares of International Business Machines by 1.5% during the 1st quarter. Cranbrook Wealth Management LLC now owns 5,264 shares of the technology company’s stock worth $685,000 after acquiring an additional 76 shares in the last quarter. SJS Investment Consulting Inc. boosted its position in shares of International Business Machines by 39.9% during the 1st quarter. SJS Investment Consulting Inc. now owns 270 shares of the technology company’s stock worth $35,000 after acquiring an additional 77 shares in the last quarter. Atlas Capital Advisors LLC boosted its position in shares of International Business Machines by 3.4% during the 1st quarter. Atlas Capital Advisors LLC now owns 2,375 shares of the technology company’s stock worth $309,000 after acquiring an additional 78 shares in the last quarter. CRA Financial Services LLC boosted its position in shares of International Business Machines by 2.2% during the 2nd quarter. CRA Financial Services LLC now owns 3,694 shares of the technology company’s stock worth $522,000 after acquiring an additional 79 shares in the last quarter. Finally, SeaBridge Investment Advisors LLC boosted its position in shares of International Business Machines by 0.4% during the 1st quarter. SeaBridge Investment Advisors LLC now owns 21,541 shares of the technology company’s stock worth $2,801,000 after acquiring an additional 80 shares in the last quarter. 55.52% of the stock is owned by institutional investors and hedge funds.

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.

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