NYSE:IBMIBM Stock Price, Forecast & News

IBM's stock was trading at $117.97 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, IBM stock has increased by 1.9% and is now trading at $120.19. View which stocks have been most impacted by Coronavirus.

17 Wall Street analysts have issued "buy," "hold," and "sell" ratings for IBM in the last year. There are currently 12 hold ratings and 5 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for IBM.

IBM is scheduled to release its next quarterly earnings announcement on Wednesday, July 15th 2020. View our earnings forecast for IBM.

IBM (NYSE:IBM) released its quarterly earnings data on Monday, April, 20th. The technology company reported $1.84 earnings per share for the quarter, topping the Zacks' consensus estimate of $1.79 by $0.05. The technology company earned $17.57 billion during the quarter, compared to analysts' expectations of $17.62 billion. IBM had a net margin of 11.78% and a return on equity of 57.55%. During the same period last year, the firm posted $2.25 earnings per share. View IBM's earnings history.

IBM announced a quarterly dividend on Tuesday, April 28th. Shareholders of record on Friday, May 8th will be given a dividend of $1.63 per share on Wednesday, June 10th. This represents a $6.52 dividend on an annualized basis and a yield of 5.42%. The ex-dividend date of this dividend is Thursday, May 7th. This is a positive change from IBM's previous quarterly dividend of $1.62. View IBM's dividend history.

IBM announced that its Board of Directors has authorized a share buyback program on Tuesday, October 30th 2018, which allows the company to buyback $4,000,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to purchase up to 3.5% of its stock through open market purchases. Stock buyback programs are typically a sign that the company's board believes its shares are undervalued.

17 Wall Street analysts have issued 12-month price targets for IBM's shares. Their forecasts range from $111.00 to $154.00. On average, they expect IBM's stock price to reach $134.64 in the next year. This suggests a possible upside of 12.0% from the stock's current price. View analysts' price targets for IBM.

Media coverage about IBM stock has been trending negative this week, InfoTrie Sentiment Analysis reports. InfoTrie identifies positive and negative media coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. IBM earned a media sentiment score of -2.1 on InfoTrie's scale. They also assigned media headlines about the technology company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the stock's share price in the next few days. View the latest news about IBM.

Some companies that are related to IBM include Accenture (ACN), Cognizant Technology Solutions (CTSH), EPAM Systems (EPAM), Leidos (LDOS), Booz Allen Hamilton (BAH), Gartner (IT), Amdocs (DOX), Caci International (CACI), Mantech International (MANT), Teradata (TDC), Virtusa (VRTU), Unisys (UIS), Forrester Research (FORR), The Hackett Group (HCKT) and Servicesource International (SREV). View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other IBM investors own include AT&T (T), Intel (INTC), Cisco Systems (CSCO), NVIDIA (NVDA), Walt Disney (DIS), Johnson & Johnson (JNJ), Exxon Mobil (XOM), General Electric (GE), Verizon Communications (VZ) and Boeing (BA).

IBM trades on the New York Stock Exchange (NYSE) under the ticker symbol "IBM."

IBM's stock is owned by a variety of institutional and retail investors. Top institutional investors include Gantzert Investment Co. LLC ADV (0.00%) and First Financial Bank Trust Division (0.00%). Company insiders that own IBM stock include Bene Robert F Del, Diane J Gherson, Erich Clementi, Kenneth M Keverian, Sidney Taurel and Virginia M Rometty. View institutional ownership trends for IBM.

IBM stock was sold by a variety of institutional investors in the last quarter, including Gantzert Investment Co. LLC ADV, and First Financial Bank Trust Division. View insider buying and selling activity for IBM.

Shares of IBM can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of IBM stock can currently be purchased for approximately $120.19.

IBM has a market capitalization of $106.72 billion and generates $77.15 billion in revenue each year. The technology company earns $9.43 billion in net income (profit) each year or $12.81 on an earnings per share basis. IBM employs 383,800 workers across the globe.

The official website for IBM is www.ibm.com.

IBM's mailing address is 1 NEW ORCHARD ROAD, ARMONK NY, 10504. The technology company can be reached via phone at 914-499-1900 or via email at [email protected]