International Business Machines (NYSE:IBM) Releases Quarterly Earnings Results, Beats Estimates By $0.19 EPS

International Business Machines (NYSE:IBM) issued its quarterly earnings results on Wednesday. The technology company reported $4.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.33 by $0.19, FiscalAI reports. The business had revenue of $19.69 billion for the quarter, compared to analysts’ expectations of $19.23 billion. International Business Machines had a net margin of 12.09% and a return on equity of 37.76%.

International Business Machines Trading Up 0.2%

NYSE:IBM traded up $0.61 on Wednesday, reaching $294.47. The company’s stock had a trading volume of 5,609,133 shares, compared to its average volume of 4,253,345. The firm has a market cap of $275.25 billion, a PE ratio of 35.22, a PEG ratio of 2.87 and a beta of 0.70. International Business Machines has a 1-year low of $214.50 and a 1-year high of $324.90. The business’s 50-day moving average price is $302.19 and its two-hundred day moving average price is $282.72. The company has a debt-to-equity ratio of 1.97, a quick ratio of 0.89 and a current ratio of 0.93.

Hedge Funds Weigh In On International Business Machines

Several institutional investors and hedge funds have recently made changes to their positions in the company. Financial Engines Advisors L.L.C. lifted its position in International Business Machines by 10.7% during the third quarter. Financial Engines Advisors L.L.C. now owns 11,266 shares of the technology company’s stock worth $3,179,000 after purchasing an additional 1,092 shares during the period. Harvest Investment Services LLC lifted its holdings in shares of International Business Machines by 18.4% during the 3rd quarter. Harvest Investment Services LLC now owns 964 shares of the technology company’s stock worth $272,000 after acquiring an additional 150 shares during the period. Keystone Financial Group boosted its position in shares of International Business Machines by 6.8% during the 3rd quarter. Keystone Financial Group now owns 5,543 shares of the technology company’s stock worth $1,564,000 after acquiring an additional 355 shares in the last quarter. Morningstar Investment Management LLC increased its stake in International Business Machines by 14.1% in the third quarter. Morningstar Investment Management LLC now owns 1,211 shares of the technology company’s stock valued at $342,000 after acquiring an additional 150 shares during the last quarter. Finally, NewEdge Advisors LLC raised its position in International Business Machines by 12.0% during the third quarter. NewEdge Advisors LLC now owns 359,109 shares of the technology company’s stock valued at $101,326,000 after purchasing an additional 38,341 shares in the last quarter. Institutional investors and hedge funds own 58.96% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. JPMorgan Chase & Co. upped their target price on shares of International Business Machines from $290.00 to $312.00 and gave the company a “neutral” rating in a report on Wednesday, January 21st. Sanford C. Bernstein restated a “market perform” rating on shares of International Business Machines in a research note on Wednesday, December 10th. Jefferies Financial Group upgraded shares of International Business Machines from a “hold” rating to a “buy” rating and raised their price target for the stock from $300.00 to $360.00 in a research report on Monday, January 5th. Weiss Ratings reissued a “buy (b)” rating on shares of International Business Machines in a report on Thursday, January 22nd. Finally, Evercore ISI boosted their price objective on International Business Machines from $315.00 to $330.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 20th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $306.86.

Trending Headlines about International Business Machines

Here are the key news stories impacting International Business Machines this week:

• Positive Sentiment: IBM highlighted expansion of AI education initiatives and patents, reinforcing its enterprise AI positioning and supporting revenue upside expectations from corporate customers. IBM Expands AI Education And Patents As Enterprise Use Cases Grow
• Positive Sentiment: Stifel reiterated a Buy rating and called IBM a “safe compounder” in AI, citing software-led growth and margin expansion potential — a bullish analyst voice that can support the stock into earnings. Why Stifel Sees IBM as a “Safe Compounder” in AI
• Positive Sentiment: Commentary from Jim Cramer arguing the market misunderstands IBM’s value adds retail investor support and can amplify positive moves if earnings surprise to the upside. Jim Cramer Says Traders Don’t Understand International Business Machines’ Value
• Neutral Sentiment: Barron’s notes that software performance will be the key watch-item in the earnings print — good software results could reinforce the recent rally, but mixed outcomes may limit upside. IBM Earnings Are Coming. Watch the Software Business.
• Neutral Sentiment: Benzinga reports that several of the most accurate analysts have revised forecasts ahead of earnings — revisions matter, but direction and magnitude vary across firms. IBM Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call
• Neutral Sentiment: Pre-earnings primers (TipRanks, Globe & Mail) discuss mixed analyst views and consensus expectations; useful background but unlikely to move the stock without a surprise in results. Is IBM a Good Stock to Buy before Earnings? Analysts Offer Insights on Technology Companies
• Negative Sentiment: Evercore ISI reiterated an Underperform rating ahead of earnings and expects results largely in line with consensus — a cautious view that can cap upside if others don’t deliver upside surprises. Evercore ISI Reiterates Underperform on IBM Ahead of Earnings, Sees Results In Line

About International Business Machines

International Business Machines Corporation (IBM) is a global technology and consulting company headquartered in Armonk, New York. Founded in 1911 as the Computing-Tabulating-Recording Company (CTR) and renamed IBM in 1924, the company has evolved from early electromechanical machines to a diversified technology provider serving enterprises and governments worldwide. IBM is publicly traded on the New York Stock Exchange under the ticker symbol IBM.

IBM’s principal businesses encompass cloud computing and software, infrastructure and systems, consulting and technology services, and research and development.