International Business Machines (NYSE:IBM) Trading Up 0.2%

Shares of International Business Machines Co. (NYSE:IBM) were up 0.2% during mid-day trading on Thursday . The company traded as high as $183.41 and last traded at $183.38. Approximately 740,875 shares traded hands during mid-day trading, a decline of 84% from the average daily volume of 4,773,978 shares. The stock had previously closed at $183.10.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on IBM shares. Bank of America boosted their price objective on shares of International Business Machines from $200.00 to $220.00 and gave the company a “buy” rating in a research report on Thursday, March 14th. StockNews.com cut shares of International Business Machines from a “buy” rating to a “hold” rating in a research report on Thursday, April 11th. Jefferies Financial Group started coverage on shares of International Business Machines in a research report on Friday, January 5th. They issued a “hold” rating and a $180.00 price objective on the stock. Evercore ISI upgraded shares of International Business Machines from an “in-line” rating to an “outperform” rating and boosted their price objective for the company from $165.00 to $200.00 in a research report on Friday, January 19th. Finally, Evercore upgraded shares of International Business Machines from an “in-line” rating to an “outperform” rating and boosted their price target for the company from $165.00 to $200.00 in a research report on Friday, January 19th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $178.67.

International Business Machines Stock Down 1.0 %

The stock’s 50 day simple moving average is $188.61 and its two-hundred day simple moving average is $168.54. The company has a debt-to-equity ratio of 2.22, a current ratio of 0.96 and a quick ratio of 0.93. The firm has a market cap of $166.09 billion, a P/E ratio of 22.56, a P/E/G ratio of 3.60 and a beta of 0.70.

International Business Machines (NYSE:IBM) last posted its quarterly earnings results on Wednesday, January 24th. The technology company reported $3.87 EPS for the quarter, beating 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 firm had revenue of $17.38 billion for the quarter, compared to analysts’ expectations of $17.29 billion. During the same quarter in the prior year, the company posted $3.60 earnings per share. The business’s revenue for the quarter was up 4.1% on a year-over-year basis. As a group, research analysts forecast that International Business Machines Co. will post 10.07 earnings per share for the current year.

International Business Machines Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Saturday, March 9th. Stockholders of record on Friday, February 9th were issued a dividend of $1.66 per share. This represents a $6.64 dividend on an annualized basis and a dividend yield of 3.66%. The ex-dividend date of this dividend was Thursday, February 8th. International Business Machines’s payout ratio is 81.67%.

Institutional Investors Weigh In On International Business Machines

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Naples Money Management LLC purchased a new stake in International Business Machines in the fourth quarter worth approximately $28,000. Creekmur Asset Management LLC purchased a new stake in International Business Machines in the fourth quarter worth approximately $29,000. Ables Iannone Moore & Associates Inc. purchased a new stake in International Business Machines in the fourth quarter worth approximately $31,000. Financial Synergies Wealth Advisors Inc. boosted its holdings in International Business Machines by 164.0% in the first 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 during the last quarter. Finally, Cornerstone Planning Group LLC purchased a new stake in International Business Machines in the second quarter worth approximately $28,000. Hedge funds and other 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.