International Business Machines (NYSE:IBM) Stock Price Down 0.6%

International Business Machines Co. (NYSE:IBM)’s stock price traded down 0.6% during trading on Thursday . The stock traded as low as $162.62 and last traded at $163.44. 993,653 shares traded hands during mid-day trading, a decline of 80% from the average session volume of 4,962,340 shares. The stock had previously closed at $164.43.

Analyst Ratings Changes

Several brokerages have recently weighed in on IBM. Wedbush upped their price target on shares of International Business Machines from $140.00 to $160.00 and gave the stock a “neutral” rating in a research report on Thursday, April 25th. BMO Capital Markets dropped their target price on International Business Machines from $210.00 to $190.00 and set a “market perform” rating on the stock in a research report on Thursday, April 25th. 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. Evercore ISI raised shares of International Business Machines from an “in-line” rating to an “outperform” rating and increased their price target for the company from $165.00 to $200.00 in a research report on Friday, January 19th. Finally, StockNews.com downgraded shares of International Business Machines from a “buy” rating to a “hold” rating in a research report on Wednesday. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $181.29.

International Business Machines Trading Up 0.2 %

The firm has a market cap of $150.98 billion, a PE ratio of 18.53, a PEG ratio of 4.08 and a beta of 0.74. The company has a debt-to-equity ratio of 2.32, a current ratio of 1.13 and a quick ratio of 1.09. The stock’s fifty day simple moving average is $186.54 and its 200-day simple moving average is $170.87.

International Business Machines (NYSE:IBM) last issued its earnings results on Tuesday, April 30th. The technology company reported $1.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.59 by $0.09. The company had revenue of $14.46 billion during the quarter, compared to analyst estimates of $14.53 billion. International Business Machines had a return on equity of 40.21% and a net margin of 13.18%. The firm’s quarterly revenue was up 1.5% on a year-over-year basis. During the same quarter last year, the business posted $1.36 EPS. On average, sell-side analysts forecast that International Business Machines Co. will post 9.94 earnings per share for the current year.

International Business Machines Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Friday, May 10th will be issued a dividend of $1.67 per share. This is an increase from International Business Machines’s previous quarterly dividend of $1.66. The ex-dividend date is Thursday, May 9th. This represents a $6.68 dividend on an annualized basis and a dividend yield of 4.06%. International Business Machines’s payout ratio is 75.20%.

Institutional Trading of International Business Machines

Several large investors have recently made changes to their positions in the business. Naples Money Management LLC purchased a new stake in shares of International Business Machines in the fourth quarter worth about $28,000. Creekmur Asset Management LLC acquired a new position in International Business Machines in the fourth quarter valued at approximately $29,000. Ables Iannone Moore & Associates Inc. acquired a new position in International Business Machines in the fourth quarter valued at approximately $31,000. Financial Synergies Wealth Advisors Inc. boosted its position in International Business Machines by 164.0% in the 1st quarter. Financial Synergies Wealth Advisors Inc. now owns 198 shares of the technology company’s stock worth $38,000 after purchasing an additional 123 shares in the last quarter. Finally, American Capital Advisory LLC grew its stake in shares of International Business Machines by 75.0% during the 1st quarter. American Capital Advisory LLC now owns 203 shares of the technology company’s stock worth $39,000 after purchasing an additional 87 shares during the period. 58.96% of the stock is owned by hedge funds and other institutional investors.

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.