International Business Machines (NYSE:IBM) Issues Earnings Results

International Business Machines (NYSE:IBM - Get Free Report) announced its earnings results on Wednesday. The technology company reported $3.92 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.77 by $0.15, Zacks reports. International Business Machines had a return on equity of 40.52% and a net margin of 10.22%.

International Business Machines Stock Performance

Shares of IBM stock traded up $3.47 during trading hours on Wednesday, reaching $229.13. The stock had a trading volume of 6,894,850 shares, compared to its average volume of 3,835,314. The firm has a market capitalization of $211.87 billion, a PE ratio of 33.35, a price-to-earnings-growth ratio of 4.78 and a beta of 0.74. The firm has a 50-day simple moving average of $224.95 and a 200-day simple moving average of $213.44. International Business Machines has a twelve month low of $162.62 and a twelve month high of $239.35. The company has a debt-to-equity ratio of 2.16, a current ratio of 1.06 and a quick ratio of 1.01.

Insider Buying and Selling at International Business Machines

In related news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of the firm's stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $215.20, for a total value of $774,720.00. Following the sale, the senior vice president now directly owns 25,390 shares in the company, valued at $5,463,928. This trade represents a 12.42 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.07% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research firms have issued reports on IBM. Bernstein Bank lifted their price objective on International Business Machines from $185.00 to $210.00 and gave the stock a "market perform" rating in a report on Thursday, October 3rd. Stifel Nicolaus upped their price target on shares of International Business Machines from $205.00 to $246.00 and gave the company a "buy" rating in a report on Wednesday, October 16th. UBS Group raised their price objective on shares of International Business Machines from $150.00 to $160.00 and gave the stock a "sell" rating in a report on Tuesday, January 14th. Jefferies Financial Group increased their price target on shares of International Business Machines from $200.00 to $245.00 and gave the stock a "hold" rating in a research report on Monday, October 21st. Finally, BMO Capital Markets boosted their price objective on International Business Machines from $235.00 to $260.00 and gave the company a "market perform" rating in a report on Thursday, October 24th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $220.40.

International Business Machines Company Profile

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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