International Business Machines (NYSE:IBM) Trading Up 1.3%

International Business Machines Co. (NYSE:IBM – Get Free Report) was up 1.3% during trading on Friday . The stock traded as high as $181.33 and last traded at $180.64. Approximately 984,152 shares were traded during mid-day trading, a decline of 78% from the average daily volume of 4,423,584 shares. The stock had previously closed at $178.31.

Wall Street Analyst Weigh In

Several research analysts have commented on IBM shares. UBS Group lifted 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. The Goldman Sachs Group started coverage on International Business Machines in a research report on Monday, June 24th. They issued a “buy” rating and a $200.00 price target on the stock. Jefferies Financial Group dropped their price target on International Business Machines from $215.00 to $210.00 and set a “hold” rating on the stock in a research report on Tuesday, April 23rd. Morgan Stanley lowered their price objective on International Business Machines from $186.00 to $179.00 and set an “equal weight” rating on the stock in a research report on Friday, April 26th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $200.00 price objective on shares of International Business Machines in a research report on Wednesday, May 22nd. Three analysts have rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $182.53.

Check Out Our Latest Report on International Business Machines

International Business Machines Trading Up 2.5 %

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 company has a market cap of $167.95 billion, a price-to-earnings ratio of 20.71, a price-to-earnings-growth ratio of 4.51 and a beta of 0.71. The business has a 50 day simple moving average of $171.15 and a 200 day simple moving average of $177.54.

International Business Machines (NYSE:IBM – Get Free Report) last posted its quarterly earnings data on Tuesday, April 30th. The technology company reported $1.68 EPS for the quarter, topping analysts’ consensus estimates of $1.59 by $0.09. The company had revenue of $14.46 billion for 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 business’s revenue was up 1.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.36 earnings per share. As a group, equities analysts forecast that International Business Machines Co. will post 9.9 EPS for the current year.

International Business Machines Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 10th. Shareholders of record on Friday, May 10th were paid a $1.67 dividend. The ex-dividend date was Thursday, May 9th. This represents a $6.68 dividend on an annualized basis and a yield of 3.65%. This is a positive change from International Business Machines’s previous quarterly dividend of $1.66. International Business Machines’s payout ratio is currently 75.65%.

Institutional Investors Weigh In On International Business Machines

Institutional investors and hedge funds have recently made changes to their positions in the company. FPC Investment Advisory Inc. bought a new stake in shares of International Business Machines during the first quarter worth $26,000. ESL Trust Services LLC bought a new stake in shares of International Business Machines during the first quarter worth $28,000. Naples Money Management LLC bought a new stake in shares of International Business Machines during the fourth quarter worth $28,000. Creekmur Asset Management LLC bought a new stake in shares of International Business Machines during the fourth quarter worth $29,000. Finally, Ables Iannone Moore & Associates Inc. bought a new stake in shares of International Business Machines during the fourth quarter worth $31,000. Institutional investors own 58.96% of the company’s stock.

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.

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