International Business Machines Co. (NYSE:IBM) Short Interest Down 10.5% in October

International Business Machines Co. (NYSE:IBMGet Free Report) was the target of a large decrease in short interest in the month of October. As of October 31st, there was short interest totalling 25,940,000 shares, a decrease of 10.5% from the October 15th total of 28,990,000 shares. Based on an average daily volume of 3,990,000 shares, the days-to-cover ratio is currently 6.5 days.

International Business Machines Stock Performance

International Business Machines stock traded down $0.17 during trading hours on Friday, reaching $152.89. 4,421,971 shares of the company were exchanged, compared to its average volume of 4,493,860. International Business Machines has a 12 month low of $120.55 and a 12 month high of $153.50. The company has a current ratio of 0.91, a quick ratio of 0.86 and a debt-to-equity ratio of 2.11. The stock has a 50-day moving average of $144.23 and a 200 day moving average of $138.58. The firm has a market cap of $139.61 billion, a price-to-earnings ratio of 20.30, a PEG ratio of 4.16 and a beta of 0.76.

International Business Machines (NYSE:IBMGet Free Report) last posted its quarterly earnings data on Wednesday, October 25th. The technology company reported $2.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.12 by $0.08. The business had revenue of $14.75 billion during the quarter, compared to the consensus estimate of $14.73 billion. International Business Machines had a net margin of 11.32% and a return on equity of 38.51%. International Business Machines’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.81 EPS. As a group, research analysts anticipate that International Business Machines will post 9.45 earnings per share for the current year.

International Business Machines Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Saturday, December 9th. Shareholders of record on Friday, November 10th will be given a $1.66 dividend. This represents a $6.64 annualized dividend and a yield of 4.34%. The ex-dividend date of this dividend is Thursday, November 9th. International Business Machines’s dividend payout ratio is currently 88.06%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. BMO Capital Markets boosted their price objective on International Business Machines from $152.00 to $155.00 and gave the stock a “market perform” rating in a research report on Thursday, October 26th. Morgan Stanley reduced their price target on International Business Machines from $135.00 to $130.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 17th. StockNews.com lowered International Business Machines from a “buy” rating to a “hold” rating in a report on Friday, October 13th. Royal Bank of Canada cut their price objective on shares of International Business Machines from $188.00 to $179.00 and set an “outperform” rating on the stock in a research note on Thursday, October 26th. Finally, Bank of America increased their target price on shares of International Business Machines from $152.00 to $160.00 and gave the company a “buy” rating in a research report on Thursday, July 20th. Eight analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $149.09.

View Our Latest Report on International Business Machines

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Cantor Fitzgerald Investment Advisor L.P increased its position in shares of International Business Machines by 97.6% during the first quarter. Cantor Fitzgerald Investment Advisor L.P now owns 257,335 shares of the technology company’s stock valued at $33,459,000 after purchasing an additional 127,093 shares during the period. Roundview Capital LLC acquired a new stake in International Business Machines during the first quarter worth $203,000. Sei Investments Co. increased its holdings in International Business Machines by 35.7% in the 1st quarter. Sei Investments Co. now owns 177,599 shares of the technology company’s stock valued at $23,157,000 after buying an additional 46,756 shares during the period. Candriam Luxembourg S.C.A. lifted its holdings in shares of International Business Machines by 1.9% during the 1st quarter. Candriam Luxembourg S.C.A. now owns 95,662 shares of the technology company’s stock worth $12,438,000 after acquiring an additional 1,821 shares during the period. Finally, Baird Financial Group Inc. lifted its holdings in shares of International Business Machines by 1.5% during the 1st quarter. Baird Financial Group Inc. now owns 382,232 shares of the technology company’s stock worth $49,698,000 after acquiring an additional 5,506 shares during the period. 56.16% of the stock is currently owned by institutional investors and hedge funds.

International Business Machines Company Profile

(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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