International Business Machines Co. (NYSE:IBM) was the target of a significant decline in short interest in the month of October. As of October 31st, there was short interest totalling 15,320,208 shares, a decline of 18.2% from the October 13th total of 18,725,353 shares. Based on an average trading volume of 8,027,270 shares, the days-to-cover ratio is presently 1.9 days. Approximately 1.6% of the shares of the company are short sold.

Shares of International Business Machines (IBM) opened at $150.51 on Tuesday. The company has a debt-to-equity ratio of 2.09, a current ratio of 1.41 and a quick ratio of 1.36. The company has a market capitalization of $139,340.00, a PE ratio of 10.91, a PEG ratio of 2.18 and a beta of 0.94. International Business Machines has a 52 week low of $139.13 and a 52 week high of $182.79.

International Business Machines (NYSE:IBM) last announced its quarterly earnings results on Tuesday, October 17th. The technology company reported $3.30 EPS for the quarter, beating analysts’ consensus estimates of $3.28 by $0.02. The company had revenue of $19.15 billion during the quarter, compared to analysts’ expectations of $18.63 billion. International Business Machines had a return on equity of 57.48% and a net margin of 14.23%. International Business Machines’s revenue was down .4% on a year-over-year basis. During the same period in the prior year, the business posted $3.29 EPS. sell-side analysts predict that International Business Machines will post 13.8 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Saturday, December 9th. Stockholders of record on Friday, November 10th will be paid a $1.50 dividend. The ex-dividend date is Thursday, November 9th. This represents a $6.00 dividend on an annualized basis and a dividend yield of 3.99%. International Business Machines’s dividend payout ratio (DPR) is presently 50.08%.

Hedge funds have recently made changes to their positions in the company. Herndon Capital Management LLC increased its stake in shares of International Business Machines by 39.0% in the 2nd quarter. Herndon Capital Management LLC now owns 695 shares of the technology company’s stock valued at $107,000 after acquiring an additional 195 shares during the last quarter. Edge Wealth Management LLC increased its stake in shares of International Business Machines by 5.6% in the 2nd quarter. Edge Wealth Management LLC now owns 760 shares of the technology company’s stock valued at $117,000 after acquiring an additional 40 shares during the last quarter. ETF Managers Group LLC bought a new stake in shares of International Business Machines in the 2nd quarter valued at about $121,000. Horan Capital Advisors LLC. bought a new stake in shares of International Business Machines in the 3rd quarter valued at about $136,000. Finally, Peddock Capital Advisors LLC increased its stake in shares of International Business Machines by 7.3% in the 2nd quarter. Peddock Capital Advisors LLC now owns 912 shares of the technology company’s stock valued at $140,000 after acquiring an additional 62 shares during the last quarter. 58.43% of the stock is owned by institutional investors.

A number of equities research analysts have weighed in on the stock. Vetr upgraded shares of International Business Machines from a “buy” rating to a “strong-buy” rating and set a $165.26 price target on the stock in a research note on Wednesday, November 15th. Royal Bank Of Canada reiterated a “hold” rating and set a $160.00 price target on shares of International Business Machines in a research note on Wednesday, November 15th. KeyCorp reiterated a “hold” rating on shares of International Business Machines in a research note on Friday, November 3rd. Pivotal Research assumed coverage on shares of International Business Machines in a research note on Friday, October 27th. They set a “buy” rating and a $180.00 price target on the stock. Finally, Berenberg Bank set a $125.00 price target on shares of International Business Machines and gave the stock a “sell” rating in a research note on Wednesday, October 18th. Eight analysts have rated the stock with a sell rating, eighteen have assigned a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. International Business Machines currently has an average rating of “Hold” and an average price target of $158.93.

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About International Business Machines

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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