International Business Machines (NYSE:IBM) Trading Down 0.7%

Shares of International Business Machines Co. (NYSE:IBM) fell 0.7% on Friday . The company traded as low as $173.95 and last traded at $174.53. 450,180 shares changed hands during trading, a decline of 90% from the average session volume of 4,488,775 shares. The stock had previously closed at $175.73.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Wedbush raised their target price on shares of International Business Machines from $140.00 to $160.00 and gave the company a “neutral” rating in a research note on Thursday, April 25th. Bank of America increased their price objective 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. BNP Paribas assumed coverage on shares of International Business Machines in a research report on Thursday, May 2nd. They set an “underperform” rating and a $145.00 target price on the stock. JPMorgan Chase & Co. dropped their price target on shares of International Business Machines from $190.00 to $185.00 and set a “neutral” rating on the stock in a research note on Thursday, April 25th. Finally, UBS Group raised their target price on International Business Machines from $125.00 to $130.00 and gave the company a “sell” rating in a research note on Monday, April 22nd. Three analysts have rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $182.53.

International Business Machines Stock Down 0.5 %

The stock’s fifty day simple moving average is $169.68 and its two-hundred day simple moving average is $176.75. 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 capitalization of $160.69 billion, a price-to-earnings ratio of 19.77, a PEG ratio of 4.34 and a beta of 0.71.

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, topping analysts’ consensus estimates of $1.59 by $0.09. The firm 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 was up 1.5% on a year-over-year basis. During the same quarter last year, the company posted $1.36 earnings per share. On average, sell-side analysts predict that International Business Machines Co. will post 9.9 earnings per share for the current fiscal year.

International Business Machines Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 10th. Investors of record on Friday, May 10th were given a $1.67 dividend. The ex-dividend date of this dividend was Thursday, May 9th. This is an increase from International Business Machines’s previous quarterly dividend of $1.66. This represents a $6.68 annualized dividend and a yield of 3.82%. International Business Machines’s dividend payout ratio (DPR) is currently 75.65%.

Institutional Investors Weigh In On International Business Machines

A number of hedge funds have recently made changes to their positions in IBM. Desjardins Global Asset Management Inc. increased its stake in International Business Machines by 1.4% in the fourth quarter. Desjardins Global Asset Management Inc. now owns 3,940 shares of the technology company’s stock valued at $644,000 after acquiring an additional 54 shares during the last quarter. Arden Trust Co raised its stake in shares of International Business Machines by 2.8% during the first quarter. Arden Trust Co now owns 1,973 shares of the technology company’s stock valued at $377,000 after acquiring an additional 54 shares during the last quarter. Calamos Wealth Management LLC lifted its holdings in International Business Machines by 2.8% during the 4th quarter. Calamos Wealth Management LLC now owns 2,007 shares of the technology company’s stock worth $328,000 after buying an additional 55 shares during the period. Avion Wealth grew its position in shares of International Business Machines by 6.2% in the 4th quarter. Avion Wealth now owns 964 shares of the technology company’s stock valued at $158,000 after buying an additional 56 shares during the last quarter. Finally, Chicago Partners Investment Group LLC raised its position in shares of International Business Machines by 0.8% during the fourth quarter. Chicago Partners Investment Group LLC now owns 7,528 shares of the technology company’s stock worth $1,309,000 after acquiring an additional 58 shares during the last quarter. 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.