International Business Machines (NYSE:IBM) Shares Down 3.3% – What’s Next?

Shares of International Business Machines Corporation (NYSE:IBM) dropped 3.3% during mid-day trading on Thursday . The stock traded as low as $303.68 and last traded at $304.5130. Approximately 5,125,989 shares were traded during trading, an increase of 4% from the average daily volume of 4,906,120 shares. The stock had previously closed at $314.98.

Analyst Ratings Changes

A number of equities analysts have issued reports on IBM shares. Royal Bank Of Canada cut their target price on International Business Machines from $315.00 to $300.00 and set an “outperform” rating on the stock in a research report on Thursday, October 23rd. Wall Street Zen upgraded shares of International Business Machines from a “hold” rating to a “buy” rating in a research note on Sunday, October 26th. Weiss Ratings raised shares of International Business Machines from a “hold (c+)” rating to a “buy (b)” rating in a report on Saturday, October 25th. BMO Capital Markets upped their target price on shares of International Business Machines from $300.00 to $305.00 and gave the company a “market perform” rating in a research note on Thursday, October 23rd. Finally, UBS Group lifted their price target on International Business Machines from $200.00 to $210.00 and gave the stock a “sell” rating in a research note on Thursday, October 23rd. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $288.00.

International Business Machines Price Performance

The company has a debt-to-equity ratio of 1.97, a quick ratio of 0.89 and a current ratio of 0.93. The company’s fifty day moving average price is $285.92 and its 200 day moving average price is $271.58. The firm has a market capitalization of $285.42 billion, a price-to-earnings ratio of 36.53, a price-to-earnings-growth ratio of 4.33 and a beta of 0.71.

International Business Machines (NYSE:IBM) last issued its earnings results on Wednesday, October 22nd. The technology company reported $2.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.45 by $0.20. International Business Machines had a net margin of 12.09% and a return on equity of 37.76%. The firm had revenue of $16.33 billion for the quarter, compared to analysts’ expectations of $16.10 billion. During the same quarter last year, the company posted $2.30 earnings per share. International Business Machines’s revenue was up 9.1% on a year-over-year basis. International Business Machines has set its FY 2025 guidance at EPS. Equities research analysts expect that International Business Machines Corporation will post 10.78 earnings per share for the current year.

International Business Machines Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Monday, November 10th will be issued a $1.68 dividend. This represents a $6.72 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend is Monday, November 10th. International Business Machines’s dividend payout ratio (DPR) is 80.38%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Brooklyn Investment Group grew its stake in shares of International Business Machines by 32.7% in the 1st quarter. Brooklyn Investment Group now owns 6,622 shares of the technology company’s stock worth $1,647,000 after acquiring an additional 1,630 shares in the last quarter. Edgar Lomax Co. VA boosted its holdings in International Business Machines by 5.7% during the first quarter. Edgar Lomax Co. VA now owns 235,967 shares of the technology company’s stock worth $58,676,000 after purchasing an additional 12,690 shares during the last quarter. Vise Technologies Inc. bought a new stake in International Business Machines in the 2nd quarter worth about $16,565,000. Wedbush Securities Inc. increased its stake in International Business Machines by 5.6% in the 1st quarter. Wedbush Securities Inc. now owns 62,067 shares of the technology company’s stock valued at $15,434,000 after buying an additional 3,276 shares during the last quarter. Finally, Nationale Nederlanden Powszechne Towarzystwo Emerytalne S.A. bought a new position in shares of International Business Machines during the 1st quarter worth approximately $4,608,000. 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.