International Business Machines Target of Unusually Large Options Trading (NYSE:IBM)

International Business Machines Co. (NYSE:IBMGet Free Report) was the target of some unusual options trading on Thursday. Stock investors acquired 49,496 call options on the company. This is an increase of 48% compared to the average daily volume of 33,383 call options.

International Business Machines Price Performance

Shares of NYSE IBM opened at $186.93 on Friday. The stock’s 50-day simple moving average is $165.69 and its 200-day simple moving average is $151.71. The company has a debt-to-equity ratio of 2.22, a quick ratio of 0.93 and a current ratio of 0.96. The firm has a market capitalization of $170.68 billion, a PE ratio of 22.99, a price-to-earnings-growth ratio of 3.69 and a beta of 0.76. International Business Machines has a fifty-two week low of $120.55 and a fifty-two week high of $196.90.

International Business Machines (NYSE:IBMGet Free Report) last announced its quarterly earnings results on Wednesday, January 24th. The technology company reported $3.87 EPS for the quarter, topping the consensus estimate of $3.78 by $0.09. The firm had revenue of $17.38 billion for the quarter, compared to analyst estimates of $17.29 billion. International Business Machines had a net margin of 12.13% and a return on equity of 39.55%. International Business Machines’s revenue for the quarter was up 4.1% compared to the same quarter last year. During the same period last year, the business earned $3.60 EPS. As a group, equities research analysts forecast that International Business Machines will post 10.03 EPS for the current fiscal year.

International Business Machines Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Saturday, March 9th. Investors of record on Friday, February 9th will be paid a dividend of $1.66 per share. The ex-dividend date is Thursday, February 8th. This represents a $6.64 dividend on an annualized basis and a yield of 3.55%. International Business Machines’s dividend payout ratio is presently 81.67%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Jefferies Financial Group initiated coverage on International Business Machines in a research note on Friday, January 5th. They set a “hold” rating and a $180.00 target price on the stock. BMO Capital Markets increased their price target on shares of International Business Machines from $155.00 to $210.00 and gave the stock a “market perform” rating in a research report on Thursday, January 25th. Morgan Stanley dropped their price objective on shares of International Business Machines from $135.00 to $130.00 and set an “equal weight” rating for the company in a report on Tuesday, October 17th. Evercore upgraded shares of International Business Machines from an “in-line” rating to an “outperform” rating and increased their target price for the stock from $165.00 to $200.00 in a report on Friday, January 19th. Finally, Societe Generale restated a “sell” rating and issued a $143.00 price target on shares of International Business Machines in a research note on Friday, January 5th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $171.92.

View Our Latest Research Report on IBM

Institutional Investors Weigh In On International Business Machines

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in International Business Machines by 0.4% in the third quarter. Vanguard Group Inc. now owns 82,076,195 shares of the technology company’s stock valued at $11,515,290,000 after purchasing an additional 365,388 shares during the period. BlackRock Inc. lifted its position in International Business Machines by 3.5% during the 2nd quarter. BlackRock Inc. now owns 74,044,855 shares of the technology company’s stock worth $9,907,942,000 after acquiring an additional 2,483,682 shares during the period. State Street Corp grew its stake in shares of International Business Machines by 1.7% in the 2nd quarter. State Street Corp now owns 54,441,615 shares of the technology company’s stock valued at $7,284,833,000 after purchasing an additional 903,042 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of International Business Machines by 3.0% in the second quarter. Geode Capital Management LLC now owns 16,701,893 shares of the technology company’s stock valued at $2,228,691,000 after purchasing an additional 492,571 shares during the period. Finally, Morgan Stanley raised its stake in shares of International Business Machines by 22.8% during the fourth quarter. Morgan Stanley now owns 16,592,094 shares of the technology company’s stock worth $2,337,660,000 after purchasing an additional 3,084,458 shares during the last quarter. Hedge funds and other institutional investors own 56.16% of the company’s stock.

About International Business Machines

(Get Free Report)

International Business Machines Corporation, together with its subsidiaries, 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; 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.

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