International Business Machines (NYSE:IBM) Trading Down 1.1%

International Business Machines Co. (NYSE:IBM) dropped 1.1% on Monday . The stock traded as low as $189.18 and last traded at $189.58. Approximately 737,613 shares were traded during mid-day trading, a decline of 83% from the average daily volume of 4,418,717 shares. The stock had previously closed at $191.75.

Wall Street Analyst Weigh In

IBM has been the subject of several recent analyst reports. The Goldman Sachs Group initiated coverage on International Business Machines in a report on Monday, June 24th. They issued a “buy” rating and a $200.00 price target for the company. JPMorgan Chase & Co. lowered their price target on International Business Machines from $190.00 to $185.00 and set a “neutral” rating for the company in a report on Thursday, April 25th. UBS Group raised their price target on International Business Machines from $125.00 to $130.00 and gave the stock a “sell” rating in a report on Monday, April 22nd. Royal Bank of Canada lifted their target price on International Business Machines from $200.00 to $211.00 and gave the stock an “outperform” rating in a report on Thursday. Finally, Wedbush lifted their target price on International Business Machines from $140.00 to $160.00 and gave the stock a “neutral” rating in a report on Thursday, April 25th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $184.93.

International Business Machines Price Performance

The firm has a market capitalization of $176.11 billion, a PE ratio of 21.47, a PEG ratio of 4.28 and a beta of 0.71. The stock has a 50-day moving average price of $174.75 and a 200 day moving average price of $179.38. The company has a quick ratio of 1.08, a current ratio of 1.12 and a debt-to-equity ratio of 2.20.

International Business Machines (NYSE:IBM) last issued its quarterly earnings results on Wednesday, July 24th. The technology company reported $2.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.16 by $0.27. The firm had revenue of $15.77 billion for the quarter, compared to analyst estimates of $15.62 billion. International Business Machines had a return on equity of 40.59% and a net margin of 13.52%. The business’s revenue was up 1.9% on a year-over-year basis. During the same period in the previous year, the company posted $2.18 earnings per share. Equities analysts forecast that International Business Machines Co. will post 10.06 EPS for the current fiscal year.

International Business Machines Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 10th. Stockholders of record on Friday, May 10th were paid a $1.67 dividend. The ex-dividend date was Thursday, May 9th. This is a positive change from International Business Machines’s previous quarterly dividend of $1.66. This represents a $6.68 dividend on an annualized basis and a dividend yield of 3.48%. International Business Machines’s payout ratio is currently 75.65%.

Institutional Trading of International Business Machines

A number of institutional investors have recently made changes to their positions in IBM. FPC Investment Advisory Inc. purchased a new position in shares of International Business Machines during the 1st quarter worth $26,000. Naples Money Management LLC purchased a new position in International Business Machines during the 4th quarter valued at about $28,000. ESL Trust Services LLC acquired a new stake in International Business Machines in the 1st quarter valued at about $28,000. Creekmur Asset Management LLC acquired a new stake in International Business Machines in the 4th quarter valued at about $29,000. Finally, Ables Iannone Moore & Associates Inc. acquired a new stake in International Business Machines in the 4th quarter valued at about $31,000. 58.96% of the stock is owned by institutional investors and hedge funds.

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.