International Business Machines (NYSE:IBM) Stock Price Down 0.2%

International Business Machines Co. (NYSE:IBM)’s stock price was down 0.2% on Tuesday . The stock traded as low as $183.69 and last traded at $183.72. Approximately 405,115 shares traded hands during trading, a decline of 91% from the average daily volume of 4,378,521 shares. The stock had previously closed at $184.15.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Morgan Stanley cut their price target on shares of International Business Machines from $186.00 to $179.00 and set an “equal weight” rating on the stock in a report on Friday, April 26th. BMO Capital Markets upped their target price on shares of International Business Machines from $190.00 to $210.00 and gave the stock a “market perform” rating in a research note on Thursday. Wedbush lifted their price target 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. UBS Group boosted their price target on International Business Machines from $125.00 to $130.00 and gave the company a “sell” rating in a report on Monday, April 22nd. Finally, Stifel Nicolaus lifted their target price on International Business Machines from $190.00 to $205.00 and gave the company a “buy” rating in a research report on Thursday. Three 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, International Business Machines has an average rating of “Hold” and a consensus price target of $184.93.

International Business Machines Price Performance

The firm has a market capitalization of $176.41 billion, a P/E ratio of 22.18, a P/E/G ratio of 4.54 and a beta of 0.71. The stock’s fifty day simple moving average is $173.83 and its 200 day simple moving average is $178.81. The company has a debt-to-equity ratio of 2.32, a current ratio of 1.13 and a quick ratio of 1.09.

International Business Machines (NYSE:IBM) last posted its quarterly earnings data on Wednesday, July 24th. The technology company reported $2.43 EPS for the quarter, topping the consensus estimate of $2.16 by $0.27. The firm had revenue of $15.77 billion during the quarter, compared to analyst estimates of $15.62 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 1.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.18 EPS. On average, equities research analysts predict that International Business Machines Co. will post 9.9 EPS for the current year.

International Business Machines Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 10th. Investors of record on Friday, May 10th were paid a dividend of $1.67 per share. This represents a $6.68 annualized dividend and a yield of 3.48%. This is an increase from International Business Machines’s previous quarterly dividend of $1.66. The ex-dividend date was Thursday, May 9th. International Business Machines’s payout ratio is 75.65%.

Institutional Investors Weigh In On International Business Machines

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vontobel Holding Ltd. boosted its stake in International Business Machines by 20.3% in the 4th quarter. Vontobel Holding Ltd. now owns 477,193 shares of the technology company’s stock worth $78,045,000 after purchasing an additional 80,474 shares in the last quarter. Tsfg LLC grew its holdings in shares of International Business Machines by 40.5% during the fourth quarter. Tsfg LLC now owns 378 shares of the technology company’s stock valued at $62,000 after buying an additional 109 shares during the last quarter. Auxano Advisors LLC increased its position in shares of International Business Machines by 4.8% in the 4th quarter. Auxano Advisors LLC now owns 3,398 shares of the technology company’s stock valued at $556,000 after acquiring an additional 156 shares during the period. West Family Investments Inc. raised its stake in International Business Machines by 7.6% in the 4th quarter. West Family Investments Inc. now owns 2,736 shares of the technology company’s stock worth $447,000 after acquiring an additional 194 shares during the last quarter. Finally, Mosley Wealth Management purchased a new stake in International Business Machines during the 4th quarter valued at about $312,000. 58.96% of the stock is currently owned by hedge funds and other 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.