International Business Machines Corp. (IBM) Earns News Impact Score of 0.28
Media stories about International Business Machines Corp. (NYSE:IBM) have been trending positive this week, Alpha One reports. Alpha One, a service of Accern, scores the sentiment of press coverage by analyzing more than twenty million blog and news sources. Alpha One ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. International Business Machines Corp. earned a media sentiment score of 0.28 on Alpha One’s scale. Alpha One also assigned news headlines about the technology company an impact score of 82 out of 100, meaning that recent press coverage is very likely to have an effect on the stock’s share price in the next several days.
Here are some of the headlines that may have effected AlphaOne Sentiment Analysis’s rankings:
- International Business Machines Corp. (IBM) Rating Reiterated by Sanford C. Bernstein (americanbankingnews.com)
- International Business Machines : IBM makeover seen as `investment in 21st century office space` (4-traders.com)
- International Business Machines Corp. (IBM) Upgraded to Hold at Vetr Inc. (americanbankingnews.com)
- Silicon Valley’s Trade Secrets Wars (finance.yahoo.com)
- 7 Reasons Why I’m Short IBM – Seeking Alpha (seekingalpha.com)
International Business Machines Corp. (NYSE:IBM) traded down 0.46% during midday trading on Monday, hitting $152.49. The stock had a trading volume of 2,443,507 shares. The company has a 50-day moving average price of $158.99 and a 200-day moving average price of $167.77. International Business Machines Corp. has a 12-month low of $142.50 and a 12-month high of $182.79. The company has a market cap of $143.26 billion, a price-to-earnings ratio of 12.54 and a beta of 0.96.
International Business Machines Corp. (NYSE:IBM) last issued its earnings results on Tuesday, April 18th. The technology company reported $2.38 EPS for the quarter, topping the consensus estimate of $2.35 by $0.03. The company had revenue of $18.16 billion during the quarter, compared to analyst estimates of $18.37 billion. International Business Machines Corp. had a return on equity of 78.32% and a net margin of 14.85%. The business’s revenue was down 2.8% on a year-over-year basis. During the same quarter last year, the firm earned $2.35 EPS. Equities analysts anticipate that International Business Machines Corp. will post $13.70 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Saturday, June 10th. Stockholders of record on Wednesday, May 10th will be given a $1.50 dividend. This is a positive change from International Business Machines Corp.’s previous quarterly dividend of $1.40. The ex-dividend date is Monday, May 8th. This represents a $6.00 annualized dividend and a dividend yield of 3.93%. International Business Machines Corp.’s dividend payout ratio (DPR) is presently 45.16%.
A number of analysts have issued reports on the stock. Bank of America Corp reiterated a “buy” rating and set a $200.00 price target (up from $185.00) on shares of International Business Machines Corp. in a research note on Thursday, February 23rd. Cowen and Company reiterated an “underperform” rating and set a $125.00 price target on shares of International Business Machines Corp. in a research note on Wednesday, March 8th. Wells Fargo & Co reiterated a “market perform” rating and set a $185.00 price target (up from $165.00) on shares of International Business Machines Corp. in a research note on Wednesday, March 8th. Drexel Hamilton boosted their price target on shares of International Business Machines Corp. from $186.00 to $215.00 and gave the stock a “buy” rating in a research note on Tuesday, March 7th. Finally, Sanford C. Bernstein boosted their price target on shares of International Business Machines Corp. to $150.00 in a research note on Monday, March 6th. Eight investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and six have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $164.54.
In other news, Director James W. Owens bought 1,718 shares of the firm’s stock in a transaction dated Tuesday, May 16th. The stock was bought at an average price of $153.19 per share, for a total transaction of $263,180.42. The purchase was disclosed in a document filed with the SEC, which is available at this link. 0.08% of the stock is currently owned by company insiders.
About International Business Machines Corp.
International Business Machines Corporation (IBM) is a technology company. The Company operates through five segments: Cognitive Solutions, Global Business Services (GBS), Technology Services & Cloud Platforms, Systems and Global Financing. The Cognitive Solutions segment delivers a spectrum of capabilities, from descriptive, predictive and prescriptive analytics to cognitive systems.
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