International Business Machines Corporation (NYSE:IBM) saw some unusual options trading on Monday. Stock investors bought 10,093 call options on the stock. This is an increase of 136% compared to the average volume of 4,279 call options.

Shares of International Business Machines Corporation (IBM) opened at 146.48 on Thursday. The stock has a market capitalization of $136.51 billion, a P/E ratio of 12.16 and a beta of 0.95. International Business Machines Corporation has a 1-year low of $139.13 and a 1-year high of $182.79. The firm’s 50-day moving average price is $144.04 and its 200 day moving average price is $153.23.

International Business Machines Corporation (NYSE:IBM) last issued its earnings results on Tuesday, July 18th. The technology company reported $2.97 EPS for the quarter, beating the Zacks’ consensus estimate of $2.74 by $0.23. International Business Machines Corporation had a return on equity of 71.53% and a net margin of 14.58%. The company had revenue of $19.29 billion during the quarter, compared to the consensus estimate of $19.45 billion. During the same period in the previous year, the firm posted $2.95 earnings per share. International Business Machines Corporation’s quarterly revenue was down 4.7% compared to the same quarter last year. Analysts expect that International Business Machines Corporation will post $13.76 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Saturday, September 9th. Shareholders of record on Thursday, August 10th were paid a $1.50 dividend. The ex-dividend date was Tuesday, August 8th. This represents a $6.00 dividend on an annualized basis and a yield of 4.10%. International Business Machines Corporation’s payout ratio is currently 49.88%.

A number of hedge funds have recently modified their holdings of IBM. Round Table Services LLC boosted its stake in International Business Machines Corporation by 55.6% in the first quarter. Round Table Services LLC now owns 1,953 shares of the technology company’s stock valued at $340,000 after acquiring an additional 698 shares during the period. West Coast Financial LLC boosted its position in shares of International Business Machines Corporation by 1.4% during the first quarter. West Coast Financial LLC now owns 26,625 shares of the technology company’s stock worth $4,637,000 after buying an additional 358 shares during the period. First Hawaiian Bank boosted its position in shares of International Business Machines Corporation by 5.4% during the first quarter. First Hawaiian Bank now owns 2,196 shares of the technology company’s stock worth $382,000 after buying an additional 112 shares during the period. Moody National Bank Trust Division boosted its position in shares of International Business Machines Corporation by 2.1% during the first quarter. Moody National Bank Trust Division now owns 19,511 shares of the technology company’s stock worth $3,398,000 after buying an additional 400 shares during the period. Finally, Rothschild Investment Corp IL boosted its position in shares of International Business Machines Corporation by 1.6% during the first quarter. Rothschild Investment Corp IL now owns 24,866 shares of the technology company’s stock worth $4,330,000 after buying an additional 392 shares during the period. Institutional investors own 57.88% of the company’s stock.

Several brokerages have commented on IBM. BidaskClub raised International Business Machines Corporation from a “strong sell” rating to a “sell” rating in a report on Saturday, August 26th. Stifel Nicolaus reissued a “buy” rating and issued a $182.00 price objective on shares of International Business Machines Corporation in a report on Friday, July 21st. Royal Bank Of Canada reissued a “sector perform” rating and issued a $160.00 price objective (down from $165.00) on shares of International Business Machines Corporation in a report on Saturday, July 22nd. Morgan Stanley reissued an “overweight” rating and issued a $192.00 price objective on shares of International Business Machines Corporation in a report on Wednesday, August 23rd. Finally, Vetr raised International Business Machines Corporation from a “sell” rating to a “hold” rating and set a $150.26 price objective on the stock in a report on Monday, June 19th. Seven equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and nine have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $157.12.

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International Business Machines Corporation Company Profile

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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