International Business Machines (NYSE:IBM) Stock Price Up 0.5%

International Business Machines Co. (NYSE:IBM) traded up 0.5% during trading on Tuesday . The company traded as high as $189.74 and last traded at $189.71. 663,498 shares were traded during trading, a decline of 87% from the average session volume of 5,210,957 shares. The stock had previously closed at $188.79.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. Stifel Nicolaus lifted their price objective on International Business Machines from $144.00 to $183.00 and gave the stock a “buy” rating in a report on Monday, January 22nd. Evercore upgraded International Business Machines from an “in-line” rating to an “outperform” rating and upped their price objective for the company from $165.00 to $200.00 in a research note on Friday, January 19th. Sanford C. Bernstein increased their price target on International Business Machines from $165.00 to $186.00 and gave the stock a “market perform” rating in a research report on Thursday, March 7th. Royal Bank of Canada raised their target price on International Business Machines from $179.00 to $200.00 and gave the stock an “outperform” rating in a research report on Thursday, January 25th. Finally, Societe Generale reiterated a “sell” rating and set a $143.00 price target on shares of International Business Machines in a research note on Friday, January 5th. One analyst has rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $176.85.

International Business Machines Price Performance

The business’s 50 day moving average is $185.41 and its two-hundred day moving average is $163.41. The firm has a market capitalization of $173.92 billion, a PE ratio of 23.33, a P/E/G ratio of 3.74 and a beta of 0.70. The company has a debt-to-equity ratio of 2.22, a current ratio of 0.96 and a quick ratio of 0.93.

International Business Machines (NYSE:IBM) last announced its quarterly earnings data on Wednesday, January 24th. The technology company reported $3.87 earnings per share for the quarter, beating analysts’ consensus estimates of $3.78 by $0.09. International Business Machines had a net margin of 12.13% and a return on equity of 39.55%. The company had revenue of $17.38 billion during the quarter, compared to analyst estimates of $17.29 billion. During the same quarter last year, the business posted $3.60 EPS. The firm’s revenue for the quarter was up 4.1% on a year-over-year basis. As a group, research analysts anticipate that International Business Machines Co. will post 10.07 EPS for the current year.

International Business Machines Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Saturday, March 9th. Shareholders of record on Friday, February 9th were issued a $1.66 dividend. This represents a $6.64 annualized dividend and a yield of 3.50%. The ex-dividend date of this dividend was Thursday, February 8th. International Business Machines’s dividend payout ratio (DPR) is 81.67%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Natixis Advisors L.P. boosted its stake in International Business Machines by 18.1% in the 3rd quarter. Natixis Advisors L.P. now owns 372,307 shares of the technology company’s stock valued at $52,235,000 after buying an additional 57,170 shares in the last quarter. Herold Advisors Inc. raised its position in International Business Machines by 3.2% during the 3rd quarter. Herold Advisors Inc. now owns 21,880 shares of the technology company’s stock worth $3,070,000 after purchasing an additional 688 shares during the last quarter. Mizuho Securities Co. Ltd. bought a new stake in International Business Machines in the 3rd quarter valued at about $661,000. Silicon Valley Capital Partners boosted its stake in shares of International Business Machines by 33.6% in the 3rd quarter. Silicon Valley Capital Partners now owns 32,245 shares of the technology company’s stock worth $4,524,000 after buying an additional 8,117 shares during the last quarter. Finally, Waverly Advisors LLC increased its holdings in shares of International Business Machines by 48.1% in the third quarter. Waverly Advisors LLC now owns 19,692 shares of the technology company’s stock worth $2,763,000 after purchasing an additional 6,397 shares during the period. Institutional investors own 56.16% 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.