International Business Machines (NYSE:IBM) Posts Quarterly Earnings Results, Beats Expectations By $0.15 EPS

International Business Machines (NYSE:IBM) issued its quarterly earnings data on Wednesday. The technology company reported $3.92 EPS for the quarter, beating analysts’ consensus estimates of $3.77 by $0.15, Zacks reports. International Business Machines had a net margin of 10.22% and a return on equity of 40.52%.

International Business Machines Trading Up 1.5 %

Shares of International Business Machines 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 company has a current ratio of 1.06, a quick ratio of 1.01 and a debt-to-equity ratio of 2.16. International Business Machines has a 1 year low of $162.62 and a 1 year high of $239.35. The firm has a market capitalization of $211.87 billion, a price-to-earnings ratio of 33.35, a P/E/G ratio of 4.78 and a beta of 0.74. The firm has a 50 day simple moving average of $224.95 and a two-hundred day simple moving average of $213.44.

Insider Buying and Selling

In related news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of the stock in a transaction 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 completion of the sale, the senior vice president now directly owns 25,390 shares in the company, valued at approximately $5,463,928. This represents a 12.42 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.07% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently commented on IBM shares. Sanford C. Bernstein increased their price target on shares of International Business Machines from $210.00 to $215.00 and gave the company a “market perform” rating in a research report on Friday, January 3rd. BMO Capital Markets increased their target price 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. Bernstein Bank raised their price target on International Business Machines from $185.00 to $210.00 and gave the stock a “market perform” rating in a research report on Thursday, October 3rd. UBS Group upped their price objective on International Business Machines from $150.00 to $160.00 and gave the company a “sell” rating in a research report on Tuesday, January 14th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $250.00 price objective on shares of International Business Machines in a research report on Monday. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $220.40.

About International Business Machines

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.