[PR Newswire] – WACO, Texas, May 3, 2016 /PRNewswire/ — The next generation of elite computer software engineers will meet in Phuket, Thailand on May 19 to compete in the 40th Annual ACM International Collegiate Programming Contest (ICPC) World Finals sponsored by IBM (NYSE: IBM) and hosted by Prince of Songkla University. This competition will serve to not only bring together the world’s top student developers, but will also give them the opportunity to interact with advanced technologies in cloud, cognitive computing and more. “Now in its fortieth year, the ACM-ICPC began as a competition among the universities of Texas and has transformed into a worldwide phenomenon,” said Dr. Bill Poucher, ICPC Executive Director and Baylor University Professor. Read more on this. International Business Machines Corporation (IBM) , with a current value of $138.43B, started trading this morning at $144.65. Looking at the equity, the company’s one day range is $143.87 to $144.90 and has traded between $116.90 and $174.44 over the past year. IBM shares are currently priced at 10.74x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 10.23x earnings multiple. And for those looking to make a return holding the stock, the company pays shareholders $5.40 per share annually in dividends, yielding 3.70%. In a review of the consensus earnings estimate this quarter, 19 sell-side analysts are looking at $2.88 per share, which would be $0.96 worse than the year-ago quarter and a $0.55 sequential decrease. Furthermore, our analysis shows the full-year EPS estimate to be $13.53, which would be a $1.39 setback when compared to the last year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $20.04 Billion. If reported, that would be a 3.70% decrease over the year-ago quarter. In terms of ratings, Morgan Stanley upgraded IBM from Equal-Weight to Overweight (Feb 18, 2016). Previously, JMP Securities Initiated IBM at to Mkt Outperform. The average price target for IBM shares by the analysts covering it is $144.05, which is 0.41% below where the stock opened. See more in (NYSE:IBM) Similar Articles: Company Update: International Business Machines Corporation (NYSE:IBM) – Halliburton Moves to IBM’s Cloud to Streamline Some Operations Company Update (NYSE:IBM): Box to Deliver Breakthrough International Data Storage With Box Zones Company Update: International Business Machines Corporation (NYSE:IBM) – REPORT: IBM 4Q Server Revenue Outpaces Overall 4Q Server Market Growth