International Business Machines Co. (NYSE:IBM) Director Sidney Taurel acquired 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 27th. The shares were acquired at an average cost of $110.75 per share, for a total transaction of $553,750.00. Following the transaction, the director now owns 28,798 shares of the company’s stock, valued at approximately $3,189,378.50. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Shares of International Business Machines stock opened at $106.65 on Thursday. The company’s fifty day simple moving average is $121.61 and its 200-day simple moving average is $122.57. The company has a market cap of $94.98 billion, a price-to-earnings ratio of 12.08, a PEG ratio of 3.46 and a beta of 1.16. The company has a current ratio of 1.04, a quick ratio of 0.99 and a debt-to-equity ratio of 2.68. International Business Machines Co. has a 1 year low of $90.56 and a 1 year high of $158.75.
International Business Machines (NYSE:IBM) last posted its quarterly earnings results on Monday, October 19th. The technology company reported $2.58 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $2.58. International Business Machines had a net margin of 10.53% and a return on equity of 49.12%. The firm had revenue of $17.56 billion for the quarter, compared to the consensus estimate of $17.56 billion. During the same quarter in the previous year, the company earned $2.68 earnings per share. The business’s revenue was down 2.6% compared to the same quarter last year. As a group, research analysts forecast that International Business Machines Co. will post 10.94 earnings per share for the current fiscal year.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Greatmark Investment Partners Inc. acquired a new stake in International Business Machines during the third quarter worth $224,000. JFS Wealth Advisors LLC boosted its stake in International Business Machines by 3.2% during the third quarter. JFS Wealth Advisors LLC now owns 6,437 shares of the technology company’s stock worth $783,000 after buying an additional 200 shares in the last quarter. AlphaStar Capital Management LLC boosted its stake in International Business Machines by 26.7% during the third quarter. AlphaStar Capital Management LLC now owns 5,912 shares of the technology company’s stock worth $742,000 after buying an additional 1,246 shares in the last quarter. Empirical Finance LLC boosted its stake in International Business Machines by 27.2% during the third quarter. Empirical Finance LLC now owns 7,441 shares of the technology company’s stock worth $905,000 after buying an additional 1,593 shares in the last quarter. Finally, Trust Asset Management LLC lifted its holdings in shares of International Business Machines by 80.7% during the third quarter. Trust Asset Management LLC now owns 4,500 shares of the technology company’s stock valued at $548,000 after acquiring an additional 2,010 shares during the period. Hedge funds and other institutional investors own 56.11% of the company’s stock.
About International Business Machines
International Business Machines Corporation operates as an integrated solutions and services company worldwide. Its Cloud & Cognitive Software segment offers software for vertical and domain-specific solutions in health, financial services, and Internet of Things (IoT), weather, and security software and services application areas; and customer information control system and storage, and analytics and integration software solutions to support client mission critical on-premise workloads in banking, airline, and retail industries.
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