StockNews.com downgraded shares of Worldwide Enterprise Machines (NYSE:IBM – Free Report) from a purchase score to a maintain score in a analysis report launched on Wednesday.
Quite a few different equities analysis analysts have additionally lately weighed in on IBM. Stifel Nicolaus lifted their value goal on Worldwide Enterprise Machines from $205.00 to $246.00 and gave the corporate a “purchase” score in a report on Wednesday, October sixteenth. Jefferies Monetary Group boosted their value goal on Worldwide Enterprise Machines from $200.00 to $245.00 and gave the inventory a “maintain” score in a analysis report on Monday, October twenty first. Financial institution of America raised their value goal on Worldwide Enterprise Machines from $209.00 to $250.00 and gave the corporate a “purchase” score in a report on Wednesday, October ninth. Hsbc World Res raised shares of Worldwide Enterprise Machines to a “reasonable promote” score in a report on Friday, July twenty sixth. Lastly, DZ Financial institution reduce shares of Worldwide Enterprise Machines from a “purchase” score to a “maintain” score and set a $215.00 goal value on the inventory. in a analysis word on Wednesday, October 2nd. Three equities analysis analysts have rated the inventory with a promote score, 9 have given a maintain score and 6 have assigned a purchase score to the inventory. Based mostly on knowledge from MarketBeat, the inventory presently has a mean score of “Maintain” and a mean goal value of $208.12.
View Our Newest Inventory Report on Worldwide Enterprise Machines
Worldwide Enterprise Machines Inventory Up 0.3 %
Shares of NYSE:IBM opened at $222.97 on Wednesday. Worldwide Enterprise Machines has a 52-week low of $153.92 and a 52-week excessive of $237.37. The corporate has a fast ratio of 1.01, a present ratio of 1.06 and a debt-to-equity ratio of two.16. The corporate has a market capitalization of $206.17 billion, a price-to-earnings ratio of 32.46, a price-to-earnings-growth ratio of 4.99 and a beta of 0.71. The corporate has a 50 day shifting common of $219.45 and a two-hundred day shifting common of $195.39.
Worldwide Enterprise Machines (NYSE:IBM – Get Free Report) final issued its earnings outcomes on Wednesday, October twenty third. The expertise firm reported $2.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.27 by $0.03. The enterprise had income of $14.97 billion for the quarter, in comparison with analyst estimates of $15.08 billion. Worldwide Enterprise Machines had a internet margin of 10.22% and a return on fairness of 40.52%. The corporate’s income for the quarter was up 1.5% on a year-over-year foundation. Throughout the identical quarter within the prior 12 months, the enterprise posted $2.20 EPS. As a bunch, analysts forecast that Worldwide Enterprise Machines will publish 10.12 earnings per share for the present fiscal 12 months.
Worldwide Enterprise Machines Publicizes Dividend
The enterprise additionally lately introduced a quarterly dividend, which will probably be paid on Tuesday, December tenth. Stockholders of document on Tuesday, November twelfth will probably be issued a $1.67 dividend. The ex-dividend date is Tuesday, November twelfth. This represents a $6.68 dividend on an annualized foundation and a dividend yield of three.00%. Worldwide Enterprise Machines’s payout ratio is presently 97.23%.
Insider Exercise at Worldwide Enterprise Machines
In different information, SVP Nickle Jaclyn Lamoreaux offered 3,600 shares of the enterprise’s inventory in a transaction that occurred on Friday, November eighth. The inventory was offered at a mean value of $215.20, for a complete worth of $774,720.00. Following the transaction, the senior vp now straight owns 25,390 shares of the corporate’s inventory, valued at $5,463,928. The commerce was a 12.42 % lower of their place. The sale was disclosed in a authorized submitting with the Securities & Change Fee, which is offered by means of the SEC web site. 0.07% of the inventory is owned by insiders.
Hedge Funds Weigh In On Worldwide Enterprise Machines
Quite a few massive buyers have lately modified their holdings of the inventory. Meeder Asset Administration Inc. boosted its place in Worldwide Enterprise Machines by 40.9% within the third quarter. Meeder Asset Administration Inc. now owns 572 shares of the expertise firm’s inventory valued at $126,000 after shopping for an extra 166 shares over the past quarter. Susquehanna Basic Investments LLC purchased a brand new place in Worldwide Enterprise Machines within the second quarter valued at about $7,160,000. Philip James Wealth Mangement LLC acquired a brand new stake in Worldwide Enterprise Machines within the third quarter value about $5,117,000. Aljian Capital Administration LLC purchased a brand new stake in Worldwide Enterprise Machines in the course of the third quarter value about $611,000. Lastly, Centered Wealth Administration Inc lifted its place in Worldwide Enterprise Machines by 52.2% in the course of the third quarter. Centered Wealth Administration Inc now owns 11,327 shares of the expertise firm’s inventory valued at $2,504,000 after buying an extra 3,887 shares in the course of the interval. 58.96% of the inventory is presently owned by institutional buyers and hedge funds.
Worldwide Enterprise Machines Firm Profile
Worldwide Enterprise Machines Company, along with its subsidiaries, supplies built-in options and companies worldwide. The corporate operates by means of Software program, Consulting, Infrastructure, and Financing segments. The Software program phase affords a hybrid cloud and AI platforms that permits purchasers to understand their digital and AI transformations throughout the functions, knowledge, and environments by which they function.
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