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

International Business Machines Co. (NYSE:IBM)’s stock price fell 0.5% during trading on Friday . The company traded as low as $201.44 and last traded at $201.63. 342,761 shares traded hands during trading, a decline of 92% from the average session volume of 4,206,740 shares. The stock had previously closed at $202.59.

Wall Street Analyst Weigh In

A number of research firms recently commented on IBM. BMO Capital Markets upped their price target on shares of International Business Machines from $190.00 to $210.00 and gave the company a “market perform” rating in a report on Thursday, July 25th. The Goldman Sachs Group initiated coverage on shares of International Business Machines in a report on Monday, June 24th. They set a “buy” rating and a $200.00 price target for the company. Jefferies Financial Group upped their price objective on shares of International Business Machines from $190.00 to $200.00 and gave the stock a “hold” rating in a report on Thursday, July 25th. Stifel Nicolaus upped their price objective on shares of International Business Machines from $190.00 to $205.00 and gave the stock a “buy” rating in a report on Thursday, July 25th. Finally, Hsbc Global Res upgraded shares of International Business Machines to a “moderate sell” rating in a report on Friday, July 26th. Three analysts have rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $185.93.

International Business Machines Stock Performance

The company’s 50 day moving average is $188.97 and its 200-day moving average is $182.42. The company has a market capitalization of $183.98 billion, a P/E ratio of 22.71, a price-to-earnings-growth ratio of 4.50 and a beta of 0.71. The company has a current ratio of 1.12, a quick ratio of 1.08 and a debt-to-equity ratio of 2.20.

International Business Machines (NYSE:IBM) last announced its quarterly earnings data on Wednesday, July 24th. The technology company reported $2.43 EPS for the quarter, beating the consensus estimate of $2.16 by $0.27. International Business Machines had a net margin of 13.52% and a return on equity of 40.59%. The company had revenue of $15.77 billion for the quarter, compared to the consensus estimate of $15.62 billion. During the same period in the prior year, the firm posted $2.18 EPS. International Business Machines’s revenue for the quarter was up 1.9% on a year-over-year basis. Equities analysts anticipate that International Business Machines Co. will post 10.09 EPS for the current fiscal year.

International Business Machines Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Friday, August 9th will be given a dividend of $1.67 per share. This represents a $6.68 annualized dividend and a yield of 3.34%. The ex-dividend date is Friday, August 9th. International Business Machines’s dividend payout ratio (DPR) is 75.65%.

Institutional Trading of International Business Machines

Institutional investors have recently bought and sold shares of the company. FPC Investment Advisory Inc. purchased a new stake in shares of International Business Machines during the 1st quarter valued at about $26,000. ESL Trust Services LLC purchased a new stake in shares of International Business Machines during the 1st quarter valued at about $28,000. Creekmur Asset Management LLC purchased a new stake in shares of International Business Machines during the 4th quarter valued at about $29,000. Ables Iannone Moore & Associates Inc. purchased a new stake in shares of International Business Machines during the 4th quarter valued at about $31,000. Finally, Oliver Lagore Vanvalin Investment Group purchased a new stake in shares of International Business Machines during the 2nd quarter valued at about $36,000. 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.