International Business Machines (NYSE:IBM) Trading Up 0.1%

International Business Machines Co. (NYSE:IBM) traded up 0.1% on Wednesday . The company traded as high as $185.07 and last traded at $184.26. 707,728 shares were traded during trading, a decline of 84% from the average session volume of 4,365,076 shares. The stock had previously closed at $184.10.

Wall Street Analysts Forecast Growth

Several research firms have commented on IBM. Stifel Nicolaus reissued a “buy” rating and set a $190.00 price target on shares of International Business Machines in a research note on Thursday, May 16th. Morgan Stanley cut their price target on shares of International Business Machines from $186.00 to $179.00 and set an “equal weight” rating for the company in a research report on Friday, April 26th. BMO Capital Markets reduced their price objective 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. Wedbush boosted their target price on International Business Machines from $140.00 to $160.00 and gave the company a “neutral” rating in a research note on Thursday, April 25th. Finally, Jefferies Financial Group reduced 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. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, International Business Machines currently has a consensus rating of “Hold” and a consensus price target of $182.53.

International Business Machines Trading Down 0.0 %

The stock’s 50 day moving average is $173.50 and its 200-day moving average is $178.77. 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 $169.04 billion, a P/E ratio of 20.87, a P/E/G ratio of 4.55 and a beta of 0.71.

International Business Machines (NYSE:IBM) last announced its earnings results on Tuesday, April 30th. The technology company reported $1.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.59 by $0.09. International Business Machines had a return on equity of 40.21% and a net margin of 13.18%. The firm had revenue of $14.46 billion during the quarter, compared to analyst estimates of $14.53 billion. During the same quarter in the prior year, the company earned $1.36 EPS. The business’s revenue was up 1.5% compared to the same quarter last year. As a group, equities research analysts anticipate that International Business Machines Co. will post 9.89 earnings per share for the current year.

International Business Machines Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 10th. Shareholders of record on Friday, May 10th were given a dividend of $1.67 per share. The ex-dividend date was Thursday, May 9th. This represents a $6.68 annualized dividend and a yield of 3.63%. This is a positive change from International Business Machines’s previous quarterly dividend of $1.66. International Business Machines’s dividend payout ratio (DPR) is currently 75.65%.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of IBM. FPC Investment Advisory Inc. purchased a new position in shares of International Business Machines during the first quarter valued at approximately $26,000. Naples Money Management LLC purchased a new position in International Business Machines during the fourth quarter valued at $28,000. ESL Trust Services LLC bought a new stake in International Business Machines in the first quarter worth $28,000. Creekmur Asset Management LLC bought a new position in shares of International Business Machines during the fourth quarter valued at $29,000. Finally, Ables Iannone Moore & Associates Inc. bought a new position in shares of International Business Machines during the fourth quarter valued at $31,000. 58.96% of the stock is owned by hedge funds and other institutional investors.

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.