International Business Machines (NYSE:IBM) Trading Down 0.5%

International Business Machines Co. (NYSE:IBM)’s stock price fell 0.5% on Wednesday . The stock traded as low as $164.43 and last traded at $165.36. 911,126 shares changed hands during mid-day trading, a decline of 82% from the average session volume of 4,973,212 shares. The stock had previously closed at $166.20.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on IBM shares. Jefferies Financial Group reduced their target price on shares of International Business Machines from $215.00 to $210.00 and set a “hold” rating for the company in a research note on Tuesday, April 23rd. BMO Capital Markets cut their target price on International Business Machines from $210.00 to $190.00 and set a “market perform” rating on the stock in a research note on Thursday, April 25th. Societe Generale reissued a “sell” rating and issued a $143.00 price target on shares of International Business Machines in a research note on Friday, January 5th. BNP Paribas began coverage on shares of International Business Machines in a research note on Thursday. They set an “underperform” rating and a $145.00 price objective on the stock. Finally, Bank of America increased their target price on shares of International Business Machines from $200.00 to $220.00 and gave the company a “buy” rating in a research report on Thursday, March 14th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $181.29.

International Business Machines Stock Up 0.6 %

The business’s 50-day moving average price is $186.15 and its 200-day moving average price is $170.82. The firm has a market capitalization of $152.22 billion, a PE ratio of 18.77, a price-to-earnings-growth ratio of 4.05 and a beta of 0.74. The company has a quick ratio of 1.09, a current ratio of 1.13 and a debt-to-equity ratio of 2.32.

International Business Machines (NYSE:IBM) last issued its earnings results on Tuesday, April 30th. The technology company reported $1.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.59 by $0.09. The company had revenue of $14.46 billion during the quarter, compared to analyst estimates of $14.53 billion. International Business Machines had a net margin of 13.18% and a return on equity of 40.21%. The company’s revenue for the quarter was up 1.5% on a year-over-year basis. During the same quarter last year, the business posted $1.36 EPS. As a group, equities research analysts predict that International Business Machines Co. will post 9.92 EPS for the current fiscal year.

International Business Machines Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Friday, May 10th will be issued a $1.67 dividend. The ex-dividend date is Thursday, May 9th. This represents a $6.68 dividend on an annualized basis and a yield of 4.03%. This is an increase from International Business Machines’s previous quarterly dividend of $1.66. International Business Machines’s dividend payout ratio is currently 75.20%.

Institutional Trading of International Business Machines

Several large investors have recently added to or reduced their stakes in IBM. Dakota Wealth Management increased its holdings in shares of International Business Machines by 36.9% during the 3rd quarter. Dakota Wealth Management now owns 5,536 shares of the technology company’s stock valued at $777,000 after acquiring an additional 1,492 shares during the last quarter. J.W. Cole Advisors Inc. lifted its stake in shares of International Business Machines by 7.3% in the third quarter. J.W. Cole Advisors Inc. now owns 19,265 shares of the technology company’s stock worth $2,703,000 after buying an additional 1,309 shares during the last quarter. GW Henssler & Associates Ltd. boosted its holdings in shares of International Business Machines by 46.4% during the 3rd quarter. GW Henssler & Associates Ltd. now owns 2,257 shares of the technology company’s stock worth $317,000 after buying an additional 715 shares during the period. Bouchey Financial Group Ltd grew its stake in International Business Machines by 49.0% in the 3rd quarter. Bouchey Financial Group Ltd now owns 3,584 shares of the technology company’s stock valued at $503,000 after buying an additional 1,178 shares during the last quarter. Finally, SFE Investment Counsel raised its holdings in International Business Machines by 8.0% in the 3rd quarter. SFE Investment Counsel now owns 34,413 shares of the technology company’s stock worth $4,828,000 after acquiring an additional 2,544 shares during the period. 58.96% of the stock is owned by institutional investors.

About International Business Machines

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.