International Business Machines (NYSE:IBM - Get Free Report) posted its quarterly earnings data on Wednesday. The technology company reported $1.60 EPS for the quarter, beating analysts' consensus estimates of $1.42 by $0.18, Zacks reports. The company had revenue of $14.54 billion during the quarter, compared to analysts' expectations of $14.41 billion. International Business Machines had a return on equity of 38.99% and a net margin of 9.60%. International Business Machines updated its FY 2025 guidance to EPS and its Q2 2025 guidance to EPS.
International Business Machines Price Performance
International Business Machines stock traded up $3.17 during midday trading on Friday, reaching $232.50. 6,686,362 shares of the stock traded hands, compared to its average volume of 4,219,592. The stock has a market cap of $215.59 billion, a P/E ratio of 36.27, a PEG ratio of 5.81 and a beta of 0.67. International Business Machines has a 12 month low of $162.62 and a 12 month high of $266.45. The stock's fifty day moving average is $245.34 and its 200-day moving average is $233.91. The company has a quick ratio of 1.00, a current ratio of 1.04 and a debt-to-equity ratio of 1.82.
International Business Machines Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Monday, February 10th were issued a $1.67 dividend. The ex-dividend date was Monday, February 10th. This represents a $6.68 annualized dividend and a dividend yield of 2.87%. International Business Machines's dividend payout ratio (DPR) is 104.21%.
Insider Activity
In related news, SVP Robert David Thomas sold 26,543 shares of International Business Machines stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $253.01, for a total value of $6,715,644.43. Following the completion of the transaction, the senior vice president now owns 45,007 shares in the company, valued at approximately $11,387,221.07. This trade represents a 37.10 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.18% of the company's stock.
Institutional Investors Weigh In On International Business Machines
A hedge fund recently raised its stake in International Business Machines stock. Brighton Jones LLC raised its position in shares of International Business Machines Co. (NYSE:IBM - Free Report) by 12.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 21,011 shares of the technology company's stock after acquiring an additional 2,323 shares during the period. Brighton Jones LLC's holdings in International Business Machines were worth $4,619,000 as of its most recent filing with the Securities & Exchange Commission. 58.96% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several brokerages have recently weighed in on IBM. Jefferies Financial Group reiterated a "hold" rating on shares of International Business Machines in a research note on Wednesday. JPMorgan Chase & Co. increased their price target on shares of International Business Machines from $233.00 to $244.00 and gave the stock a "neutral" rating in a research report on Thursday, January 30th. UBS Group reaffirmed a "sell" rating and issued a $170.00 target price (up from $160.00) on shares of International Business Machines in a report on Wednesday. Sanford C. Bernstein upped their price target on International Business Machines from $210.00 to $215.00 and gave the stock a "market perform" rating in a research report on Friday, January 3rd. Finally, Morgan Stanley cut their price objective on International Business Machines from $237.00 to $233.00 and set an "equal weight" rating for the company in a research note on Thursday. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $242.41.
Read Our Latest Stock Analysis on International Business Machines
About International Business Machines
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International Business Machines Corporation, together with its subsidiaries, provides integrated solutions and services worldwide. The company operates through Software, Consulting, Infrastructure, and Financing segments. The Software segment offers a hybrid cloud and AI platforms that allows clients to realize their digital and AI transformations across the applications, data, and environments in which they operate.
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