International Business Machines Corp. (NYSE:IBM)’s share price gapped up before the market opened on Wednesday . The stock had previously closed at $169.29, but opened at $168.65. International Business Machines shares last traded at $168.65, with a volume of 11694595 shares changing hands.

Several equities analysts have recently weighed in on IBM shares. Cantor Fitzgerald restated a “hold” rating and set a $154.00 price target on shares of International Business Machines in a report on Friday, October 13th. Stifel Nicolaus restated a “buy” rating and set a $182.00 price target on shares of International Business Machines in a report on Friday, October 6th. Royal Bank of Canada restated a “hold” rating and set a $160.00 price target on shares of International Business Machines in a report on Wednesday, November 15th. Goldman Sachs Group set a $170.00 price target on International Business Machines and gave the company a “neutral” rating in a report on Wednesday, October 18th. Finally, Vetr upgraded International Business Machines from a “buy” rating to a “strong-buy” rating and set a $173.45 price target for the company in a report on Wednesday, December 6th. Six investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating and thirteen have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $162.17.

The company has a debt-to-equity ratio of 2.09, a quick ratio of 1.36 and a current ratio of 1.41. The firm has a market cap of $156,130.00, a PE ratio of 14.08, a P/E/G ratio of 2.38 and a beta of 0.94.

International Business Machines (NYSE:IBM) last released its quarterly earnings data on Tuesday, October 17th. The technology company reported $3.30 EPS for the quarter, beating the consensus estimate of $3.28 by $0.02. International Business Machines had a return on equity of 68.68% and a net margin of 14.43%. The company had revenue of $19.15 billion for the quarter, compared to analysts’ expectations of $18.63 billion. During the same period last year, the firm posted $3.29 earnings per share. International Business Machines’s revenue was down .4% compared to the same quarter last year. sell-side analysts forecast that International Business Machines Corp. will post 13.79 EPS for the current fiscal year.

A number of large investors have recently made changes to their positions in the business. Peoples Financial Services CORP. boosted its position in International Business Machines by 4.7% in the fourth quarter. Peoples Financial Services CORP. now owns 25,428 shares of the technology company’s stock worth $3,902,000 after purchasing an additional 1,142 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its position in International Business Machines by 4.7% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 5,053,040 shares of the technology company’s stock worth $775,238,000 after purchasing an additional 226,538 shares during the last quarter. Benjamin F. Edwards & Company Inc. boosted its position in International Business Machines by 8.5% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 43,857 shares of the technology company’s stock worth $6,729,000 after purchasing an additional 3,418 shares during the last quarter. Koshinski Asset Management Inc. boosted its position in International Business Machines by 100.8% in the fourth quarter. Koshinski Asset Management Inc. now owns 6,022 shares of the technology company’s stock worth $924,000 after purchasing an additional 3,023 shares during the last quarter. Finally, Sippican Capital Advisors purchased a new position in International Business Machines in the fourth quarter worth about $1,075,000. 57.12% of the stock is currently owned by institutional investors and hedge funds.

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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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