International Business Machines (NYSE:IBM) Shares Up 0.4%

Shares of International Business Machines Co. (NYSE:IBM – Get Free Report) were up 0.4% on Friday . The stock traded as high as $191.90 and last traded at $191.67. Approximately 765,321 shares traded hands during mid-day trading, a decline of 83% from the average daily volume of 4,398,489 shares. The stock had previously closed at $190.94.

Wall Street Analyst Weigh In

IBM has been the topic of a number of research reports. The Goldman Sachs Group began coverage on International Business Machines in a report on Monday, June 24th. They issued a “buy” rating and a $200.00 price objective on the stock. Royal Bank of Canada raised their price target on shares of International Business Machines from $200.00 to $211.00 and gave the company an “outperform” rating in a report on Thursday, July 25th. Jefferies Financial Group lifted their price objective on shares of International Business Machines from $190.00 to $200.00 and gave the company a “hold” rating in a research note on Thursday, July 25th. Stifel Nicolaus increased their target price on shares of International Business Machines from $190.00 to $205.00 and gave the stock a “buy” rating in a research report on Thursday, July 25th. Finally, UBS Group boosted their price target on International Business Machines from $125.00 to $130.00 and gave the stock a “sell” rating in a research report on Monday, April 22nd. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $184.93.

View Our Latest Report on IBM

International Business Machines Stock Performance

The stock’s 50 day moving average is $178.65 and its two-hundred day moving average is $180.80. The firm has a market capitalization of $175.87 billion, a P/E ratio of 21.68, a P/E/G ratio of 4.24 and a beta of 0.71. The company has a debt-to-equity ratio of 2.20, a current ratio of 1.12 and a quick ratio of 1.08.

International Business Machines (NYSE:IBM – Get Free Report) last issued its earnings results on Wednesday, July 24th. The technology company reported $2.43 EPS for the quarter, beating the consensus estimate of $2.16 by $0.27. International Business Machines had a net margin of 13.52% and a return on equity of 40.59%. The company had revenue of $15.77 billion during the quarter, compared to analysts’ expectations of $15.62 billion. During the same quarter in the previous year, the company posted $2.18 EPS. The business’s revenue for the quarter was up 1.9% compared to the same quarter last year. As a group, equities analysts anticipate that International Business Machines Co. will post 10.06 earnings per share for the current fiscal year.

International Business Machines Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Friday, August 9th will be given a dividend of $1.67 per share. The ex-dividend date is Friday, August 9th. This represents a $6.68 annualized dividend and a dividend yield of 3.49%. International Business Machines’s payout ratio is currently 75.65%.

Institutional Trading of International Business Machines

Hedge funds have recently modified their holdings of the company. Wealth Alliance raised its holdings in International Business Machines by 4.3% in the second quarter. Wealth Alliance now owns 5,945 shares of the technology company’s stock worth $1,028,000 after purchasing an additional 245 shares during the period. Bradley Foster & Sargent Inc. CT lifted its holdings in International Business Machines by 3.2% during the second quarter. Bradley Foster & Sargent Inc. CT now owns 88,495 shares of the technology company’s stock worth $15,305,000 after acquiring an additional 2,715 shares in the last quarter. Financial & Tax Architects LLC grew its stake in International Business Machines by 7.4% in the second quarter. Financial & Tax Architects LLC now owns 36,823 shares of the technology company’s stock valued at $6,369,000 after acquiring an additional 2,522 shares during the period. Perennial Investment Advisors LLC increased its holdings in shares of International Business Machines by 9.9% in the second quarter. Perennial Investment Advisors LLC now owns 4,978 shares of the technology company’s stock worth $861,000 after acquiring an additional 449 shares in the last quarter. Finally, Clearstead Trust LLC raised its position in shares of International Business Machines by 1.3% during the second quarter. Clearstead Trust LLC now owns 9,976 shares of the technology company’s stock worth $1,725,000 after purchasing an additional 126 shares during the period. 58.96% of the stock is currently owned by institutional investors and hedge funds.

International Business Machines Company Profile

(Get Free Report)

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.

Further Reading

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