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

International Business Machines (NYSE:IBM – Get Rating) will issue its quarterly earnings data on Wednesday, January 25th.

International Business Machines Trading Up 0.5 %

Shares of NYSE:IBM opened at $141.86 on Tuesday. The stock has a market capitalization of $128.26 billion, a price-to-earnings ratio of 103.55, a PEG ratio of 2.64 and a beta of 0.89. The company has a debt-to-equity ratio of 2.23, a quick ratio of 0.89 and a current ratio of 0.95. The stock’s 50-day simple moving average is $144.67 and its two-hundred day simple moving average is $135.49. International Business Machines has a 52-week low of $115.54 and a 52-week high of $153.21.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Bank of America dropped their target price on International Business Machines from $155.00 to $145.00 in a research report on Tuesday, October 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 boosted their price objective on International Business Machines from $140.00 to $158.00 and gave the company a “buy” rating in a research note on Monday. StockNews.com lowered shares of International Business Machines from a “buy” rating to a “hold” rating in a report on Friday, October 21st. Finally, Evercore ISI lifted their price target on shares of International Business Machines from $135.00 to $150.00 in a report on Tuesday, January 17th. One equities research 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. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $142.30.

Insider Buying and Selling at International Business Machines

In other International Business Machines news, VP Bene Robert F. Del sold 3,000 shares of the stock in a transaction on Tuesday, November 22nd. The shares were 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 owns 14,553 shares in the company, valued at $2,159,083.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.04% of the stock is owned by company insiders.

Hedge Funds Weigh In On International Business Machines

Several institutional investors have recently bought and sold shares of the business. Charles Schwab Investment Management Inc. lifted its position in International Business Machines by 7.3% during the first quarter. Charles Schwab Investment Management Inc. now owns 16,297,545 shares of the technology company’s stock valued at $2,119,007,000 after purchasing an additional 1,105,170 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of International Business Machines by 1.0% in the 3rd quarter. Bank of New York Mellon Corp now owns 8,130,808 shares of the technology company’s stock worth $966,020,000 after acquiring an additional 77,916 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in shares of International Business Machines by 35.3% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 4,460,023 shares of the technology company’s stock worth $579,892,000 after acquiring an additional 1,163,790 shares during the last quarter. National Pension Service lifted its holdings in shares of International Business Machines by 2.4% in the 3rd quarter. National Pension Service now owns 1,373,765 shares of the technology company’s stock worth $167,091,000 after acquiring an additional 31,783 shares during the last quarter. Finally, Eaton Vance Management lifted its holdings in shares of International Business Machines by 38.7% in the 1st quarter. Eaton Vance Management now owns 1,132,418 shares of the technology company’s stock worth $147,237,000 after acquiring an additional 315,733 shares during the last quarter. Institutional investors own 55.90% of the company’s stock.

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.