International Business Machines (NYSE:IBM) Trading Down 0.3%

Shares of International Business Machines Co. (NYSE:IBM) traded down 0.3% during trading on Thursday . The stock traded as low as $184.58 and last traded at $185.46. 635,603 shares were traded during trading, a decline of 87% from the average session volume of 4,864,489 shares. The stock had previously closed at $186.04.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Evercore ISI upgraded shares of International Business Machines from an “in-line” rating to an “outperform” rating and raised their price target for the stock from $165.00 to $200.00 in a report on Friday, January 19th. Jefferies Financial Group initiated coverage on shares of International Business Machines in a research note on Friday, January 5th. They issued a “hold” rating and a $180.00 target price for the company. Evercore upgraded shares of International Business Machines from an “in-line” rating to an “outperform” rating and lifted their target price for the company from $165.00 to $200.00 in a research note on Friday, January 19th. Societe Generale reiterated a “sell” rating and issued a $143.00 target price on shares of International Business Machines in a research note on Friday, January 5th. Finally, Stifel Nicolaus lifted their target price on shares of International Business Machines from $144.00 to $183.00 and gave the company a “buy” rating in a research note on Monday, January 22nd. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $176.85.

International Business Machines Stock Performance

The company has a market cap of $170.55 billion, a P/E ratio of 22.81, a price-to-earnings-growth ratio of 3.72 and a beta of 0.70. The company has a quick ratio of 0.93, a current ratio of 0.96 and a debt-to-equity ratio of 2.22. The stock’s 50-day moving average price is $188.75 and its 200 day moving average price is $167.13.

International Business Machines (NYSE:IBM) last announced its earnings results on Wednesday, January 24th. The technology company reported $3.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.78 by $0.09. International Business Machines had a net margin of 12.13% and a return on equity of 39.55%. The business had revenue of $17.38 billion for the quarter, compared to analyst estimates of $17.29 billion. During the same quarter in the previous year, the firm posted $3.60 earnings per share. International Business Machines’s revenue was up 4.1% compared to the same quarter last year. As a group, research analysts expect that International Business Machines Co. will post 10.07 EPS for the current fiscal year.

International Business Machines Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Saturday, March 9th. Investors of record on Friday, February 9th were given a dividend of $1.66 per share. This represents a $6.64 dividend on an annualized basis and a yield of 3.57%. The ex-dividend date was Thursday, February 8th. International Business Machines’s dividend payout ratio (DPR) is currently 81.67%.

Hedge Funds Weigh In On International Business Machines

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Cantor Fitzgerald Investment Advisor L.P boosted its stake in International Business Machines by 97.6% during the first quarter. Cantor Fitzgerald Investment Advisor L.P now owns 257,335 shares of the technology company’s stock worth $33,459,000 after buying an additional 127,093 shares in the last quarter. Roundview Capital LLC acquired a new stake in International Business Machines during the first quarter worth $203,000. Sei Investments Co. boosted its stake in shares of International Business Machines by 35.7% in the 1st quarter. Sei Investments Co. now owns 177,599 shares of the technology company’s stock valued at $23,157,000 after purchasing an additional 46,756 shares in the last quarter. Candriam Luxembourg S.C.A. boosted its stake in shares of International Business Machines by 1.9% in the 1st quarter. Candriam Luxembourg S.C.A. now owns 95,662 shares of the technology company’s stock valued at $12,438,000 after purchasing an additional 1,821 shares in the last quarter. Finally, Baird Financial Group Inc. boosted its stake in shares of International Business Machines by 1.5% in the 1st quarter. Baird Financial Group Inc. now owns 382,232 shares of the technology company’s stock valued at $49,698,000 after purchasing an additional 5,506 shares in the last quarter. Institutional investors own 58.96% of the company’s stock.

International Business Machines Company Profile

International Business Machines Corporation, together with its subsidiaries, provides integrated solutions and services worldwide. The company operates through Software, Consulting, Infrastructure, and Financing segments. The Software segment offers a hybrid cloud and AI platforms that allows clients to realize their digital and AI transformations across the applications, data, and environments in which they operate.