International Business Machines (NYSE:IBM):
IBM Mainframe Ushers in New Era of Data Protection.
In the market the company is trading up since yesterday’s close of 144.86.
Additionally International Business Machines recently declared a dividend for shareholders which was paid on Saturday September 9th, 2017. The dividend payment was $1.500 per share for the quarter or $6.00 annualized. This dividend amount represented a yeild of $4.21. The ex-dividend date was Tuesday the 8th of August 2017.
International Business Machines Corporation (IBM), launched on June 16, 1911, 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 stock last traded at $145.76 just a bit higher than the 50 day moving average of $143.21 and a bit lower than the 200 day moving average of $157.11. The 50 day moving average was up $2.55 whereas the 200 day average was down by -7.23%.
International Business Machines currently has a P/E ratio of 12.10 and the market value is 135.84B. As of the last earnings report the EPS was $12.05 and is expected to be $13.77 for the current year with 931,940,000 shares now outstanding. Next quarter’s EPS is forecasted to be $5.15 and the next full year EPS is anticipated to be $13.82.
Investors are a little more bullish on shares of International Business Machines if you pay attention to the decrease in short interest. The stock realized a fall in short interest of -1.20% as of the latest report on August 15, 2017. Short shares fell 249,032 over that timeframe. The short-interest ratio increased to 6.0 and the short interest percentage is 0.02% as of August 15.
Several brokerages have released ratings on IBM. Wedbush added the stock to its research portfolio giving it an initial rating of “Neutral”. On July 19 the stock rating was upgraded to “Buy” from “Hold” by analysts at Standpoint Research.