International Business Machines (NYSE:IBM) Shares Up 0.5%

International Business Machines Co. (NYSE:IBM – Get Free Report) shares rose 0.5% during trading on Wednesday . The company traded as high as $189.86 and last traded at $189.46. Approximately 601,018 shares were traded during trading, a decline of 88% from the average daily volume of 5,194,091 shares. The stock had previously closed at $188.50.

Wall Street Analysts Forecast Growth

IBM has been the subject of a number of research reports. Evercore ISI raised International Business Machines from an “in-line” rating to an “outperform” rating and lifted their price target for the stock from $165.00 to $200.00 in a research report on Friday, January 19th. Sanford C. Bernstein boosted their target price on shares of International Business Machines from $165.00 to $186.00 and gave the company a “market perform” rating in a research report on Thursday, March 7th. BMO Capital Markets boosted their target price on shares of International Business Machines from $155.00 to $210.00 and gave the company a “market perform” rating in a research report on Thursday, January 25th. Royal Bank of Canada boosted their target price on shares of International Business Machines from $179.00 to $200.00 and gave the company an “outperform” rating in a research report on Thursday, January 25th. Finally, Stifel Nicolaus boosted 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 report on Monday, January 22nd. One analyst has rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $176.85.

Check Out Our Latest Research Report on IBM

International Business Machines Trading Up 1.2 %

The stock has a market capitalization of $174.91 billion, a PE ratio of 23.46, a P/E/G ratio of 3.70 and a beta of 0.70. The company’s 50 day moving average price is $186.30 and its two-hundred day moving average price is $163.98. The company has a debt-to-equity ratio of 2.22, a current ratio of 0.96 and a quick ratio of 0.93.

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

International Business Machines Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Saturday, March 9th. Stockholders of record on Friday, February 9th were given a $1.66 dividend. The ex-dividend date was Thursday, February 8th. This represents a $6.64 dividend on an annualized basis and a dividend yield of 3.48%. International Business Machines’s dividend payout ratio (DPR) is presently 81.67%.

Institutional Investors Weigh In On International Business Machines

A number of large investors have recently made changes to their positions in IBM. Naples Money Management LLC purchased a new stake in shares of International Business Machines in the 4th quarter valued at approximately $28,000. Cornerstone Planning Group LLC purchased a new position in International Business Machines during the second quarter worth about $28,000. Creekmur Asset Management LLC purchased a new position in International Business Machines during the fourth quarter worth about $29,000. Live Oak Investment Partners purchased a new position in International Business Machines during the fourth quarter worth about $30,000. Finally, Briaud Financial Planning Inc purchased a new position in International Business Machines during the third quarter worth about $31,000. 58.96% of the stock is currently owned by hedge funds and other institutional investors.

About International Business Machines

(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.

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