International Business Machines (NYSE:IBM) Stock Price Down 0.9%

Shares of International Business Machines Co. (NYSE:IBM – Get Free Report) fell 0.9% during trading on Thursday . The stock traded as low as $175.17 and last traded at $175.73. 1,649,049 shares changed hands during mid-day trading, a decline of 54% from the average session volume of 3,576,998 shares. The stock had previously closed at $177.30.

Analyst Ratings Changes

IBM has been the subject of several analyst reports. Royal Bank of Canada restated an “outperform” rating and issued a $200.00 target price on shares of International Business Machines in a research report on Wednesday, May 22nd. JPMorgan Chase & Co. reduced their target price on International Business Machines from $190.00 to $185.00 and set a “neutral” rating on the stock in a report on Thursday, April 25th. Bank of America boosted their price target on International Business Machines from $200.00 to $220.00 and gave the stock a “buy” rating in a report on Thursday, March 14th. The Goldman Sachs Group began coverage on International Business Machines in a research note on Monday, June 24th. They issued a “buy” rating and a $200.00 price objective on the stock. Finally, BMO Capital Markets lowered their target price on International Business Machines from $210.00 to $190.00 and set a “market perform” rating for the company in a research note on Thursday, April 25th. Three investment 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’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $182.53.

View Our Latest Stock Report on International Business Machines

International Business Machines Stock Up 0.1 %

The company has a debt-to-equity ratio of 2.32, a quick ratio of 1.09 and a current ratio of 1.13. The stock’s fifty day simple moving average is $169.86 and its two-hundred day simple moving average is $176.84. The stock has a market capitalization of $161.66 billion, a P/E ratio of 19.93, a price-to-earnings-growth ratio of 4.34 and a beta of 0.71.

International Business Machines (NYSE:IBM – Get Free Report) last issued its quarterly earnings data on Tuesday, April 30th. The technology company reported $1.68 earnings per share for the quarter, topping the consensus estimate of $1.59 by $0.09. The company had revenue of $14.46 billion for the quarter, compared to analysts’ expectations of $14.53 billion. International Business Machines had a net margin of 13.18% and a return on equity of 40.21%. International Business Machines’s revenue for the quarter was up 1.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.36 earnings per share. As a group, research analysts expect that International Business Machines Co. will post 9.9 EPS for the current fiscal year.

International Business Machines Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 10th. Stockholders of record on Friday, May 10th were given a dividend of $1.67 per share. This represents a $6.68 dividend on an annualized basis and a dividend yield of 3.80%. This is an increase from International Business Machines’s previous quarterly dividend of $1.66. The ex-dividend date of this dividend was Thursday, May 9th. International Business Machines’s dividend payout ratio (DPR) is 75.65%.

Institutional Trading of International Business Machines

Several institutional investors have recently added to or reduced their stakes in the stock. FPC Investment Advisory Inc. bought a new position in International Business Machines during the first quarter worth $26,000. Naples Money Management LLC acquired a new stake in International Business Machines during the 4th quarter worth about $28,000. ESL Trust Services LLC bought a new position in shares of International Business Machines in the 1st quarter worth about $28,000. Creekmur Asset Management LLC acquired a new position in shares of International Business Machines in the 4th quarter valued at about $29,000. Finally, Ables Iannone Moore & Associates Inc. bought a new stake in shares of International Business Machines during the 4th quarter valued at about $31,000. 58.96% of the stock is currently owned by institutional investors.

About International Business Machines

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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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