Worldwide Enterprise Machines (NYSE:IBM – Get Ranking) was downgraded by StockNews.com from a “purchase” score to a “maintain” score in a report launched on Friday.
Different analysis analysts have additionally issued studies in regards to the firm. Evercore ISI boosted their worth goal on Worldwide Enterprise Machines from $125.00 to $135.00 and gave the inventory an “inline” score in a analysis observe on Thursday. BMO Capital Markets decreased their worth goal on Worldwide Enterprise Machines from $152.00 to $148.00 in a analysis report on Tuesday, July nineteenth. Stifel Nicolaus lowered their worth goal on Worldwide Enterprise Machines from $150.00 to $140.00 and set a “purchase” score on the inventory in a analysis report on Monday. Societe Generale decreased their worth goal on shares of Worldwide Enterprise Machines to $129.00 in a analysis observe on Tuesday, September thirteenth. Lastly, UBS Group lower their worth goal on Worldwide Enterprise Machines from $112.00 to $111.00 and set a “promote” score for the corporate in a analysis observe on Thursday. One analyst has rated the inventory with a promote score, 4 have assigned a maintain score and 4 have given a purchase score to the corporate’s inventory. Primarily based on knowledge from MarketBeat, the corporate at the moment has a consensus score of “Maintain” and a consensus worth goal of $139.40.
Worldwide Enterprise Machines Inventory Efficiency
IBM traded up $1.60 throughout buying and selling on Friday, reaching $129.90. The corporate’s inventory had a buying and selling quantity of seven,175,307 shares, in comparison with its common quantity of 5,150,234. The corporate’s fifty day shifting common worth is $126.93 and its 200-day shifting common worth is $132.02. Worldwide Enterprise Machines has a 52-week low of $114.56 and a 52-week excessive of $144.73. The corporate has a debt-to-equity ratio of two.28, a fast ratio of 0.82 and a present ratio of 0.88. The corporate has a market capitalization of $117.32 billion, a price-to-earnings ratio of 94.82, a price-to-earnings-growth ratio of 1.89 and a beta of 0.84.
Worldwide Enterprise Machines (NYSE:IBM – Get Ranking) final issued its quarterly earnings knowledge on Wednesday, October nineteenth. The know-how firm reported $1.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.78 by $0.03. Worldwide Enterprise Machines had a return on fairness of 43.52% and a internet margin of 8.72%. The agency had income of $14.11 billion through the quarter, in comparison with the consensus estimate of $13.55 billion. Throughout the identical interval within the earlier yr, the agency posted $2.52 EPS. The corporate’s quarterly income was up 6.5% in comparison with the identical quarter final yr. On common, equities analysts forecast that Worldwide Enterprise Machines will put up 9.29 earnings per share for the present fiscal yr.
Insiders Place Their Bets
In different information, Director David N. Farr purchased 1,000 shares of the inventory in a transaction on Thursday, September fifteenth. The inventory was bought at a mean worth of $125.00 per share, with a complete worth of $125,000.00. Following the completion of the acquisition, the director now owns 1,000 shares of the corporate’s inventory, valued at $125,000. The acquisition was disclosed in a submitting with the SEC, which is accessible by way of this hyperlink. Firm insiders personal 0.04% of the corporate’s inventory.
Institutional Inflows and Outflows
Various institutional traders have just lately added to or decreased their stakes within the firm. Summit Monetary Methods Inc. raised its holdings in shares of Worldwide Enterprise Machines by 9.1% through the third quarter. Summit Monetary Methods Inc. now owns 1,850 shares of the know-how firm’s inventory valued at $220,000 after shopping for a further 154 shares within the final quarter. Trilogy Capital Inc. lifted its holdings in shares of Worldwide Enterprise Machines by 16.0% within the third quarter. Trilogy Capital Inc. now owns 13,404 shares of the know-how firm’s inventory value $1,593,000 after buying a further 1,846 shares over the last quarter. Ronald Blue Belief Inc. grew its holdings in shares of Worldwide Enterprise Machines by 9.0% through the third quarter. Ronald Blue Belief Inc. now owns 12,354 shares of the know-how firm’s inventory valued at $1,744,000 after buying a further 1,017 shares over the last quarter. Hodges Capital Administration Inc. lifted its stake in Worldwide Enterprise Machines by 3.1% within the third quarter. Hodges Capital Administration Inc. now owns 6,723 shares of the know-how firm’s inventory value $799,000 after buying a further 201 shares over the last quarter. Lastly, NuWave Funding Administration LLC purchased a brand new place in Worldwide Enterprise Machines through the third quarter value roughly $469,000. Institutional traders personal 55.52% of the corporate’s inventory.
Worldwide Enterprise Machines Firm Profile
Worldwide Enterprise Machines Company offers built-in options and providers worldwide. The corporate operates by way of 4 enterprise segments: Software program, Consulting, Infrastructure, and Financing. The Software program section presents hybrid cloud platform and software program options, akin to Purple Hat, an enterprise open-source options; software program for enterprise automation, AIOps and administration, integration, and software servers; knowledge and synthetic intelligence options; and safety software program and providers for menace, knowledge, and identification.
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