International Business Machines (NYSE:IBM) Trading Up 0.9%

International Business Machines Co. (NYSE:IBMGet Free Report)’s share price was up 0.9% during mid-day trading on Wednesday . The company traded as high as $190.82 and last traded at $190.65. Approximately 578,731 shares traded hands during trading, a decline of 89% from the average daily volume of 5,063,623 shares. The stock had previously closed at $188.88.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on IBM shares. Bank of America upped their price objective on International Business Machines from $200.00 to $220.00 and gave the stock a “buy” rating in a research note on Thursday, March 14th. Societe Generale reiterated a “sell” rating and set a $143.00 price objective on shares of International Business Machines in a research note on Friday, January 5th. Royal Bank of Canada boosted their target price on International Business Machines from $179.00 to $200.00 and gave the stock an “outperform” rating in a report on Thursday, January 25th. Sanford C. Bernstein boosted their target price on International Business Machines from $165.00 to $186.00 and gave the stock a “market perform” rating in a report on Thursday, March 7th. Finally, Evercore ISI raised International Business Machines from an “in-line” rating to an “outperform” rating and boosted their target price for the stock from $165.00 to $200.00 in a report on Friday, January 19th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, International Business Machines presently has a consensus rating of “Hold” and an average target price of $176.85.

Check Out Our Latest Analysis on International Business Machines

International Business Machines Stock Up 1.0 %

The company has a debt-to-equity ratio of 2.22, a current ratio of 0.96 and a quick ratio of 0.93. The stock has a market capitalization of $174.86 billion, a P/E ratio of 23.45, a P/E/G ratio of 3.72 and a beta of 0.70. The firm has a 50-day simple moving average of $188.30 and a 200 day simple moving average of $165.51.

International Business Machines (NYSE:IBMGet Free Report) last issued its quarterly earnings data on Wednesday, January 24th. The technology company reported $3.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.78 by $0.09. International Business Machines had a return on equity of 39.55% and a net margin of 12.13%. The company had revenue of $17.38 billion during the quarter, compared to the consensus estimate of $17.29 billion. During the same period last year, the company earned $3.60 earnings per share. The firm’s revenue was up 4.1% compared to the same quarter last year. On average, equities research analysts forecast that International Business Machines Co. will post 10.07 EPS for the current year.

International Business Machines Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Saturday, March 9th. Shareholders of record on Friday, February 9th were paid a $1.66 dividend. The ex-dividend date was Thursday, February 8th. This represents a $6.64 dividend on an annualized basis and a yield of 3.48%. International Business Machines’s dividend payout ratio (DPR) is presently 81.67%.

Institutional Investors Weigh In On International Business Machines

A number of hedge funds have recently added to or reduced their stakes in the company. Cantor Fitzgerald Investment Advisor L.P lifted its holdings in shares of International Business Machines by 97.6% in the first quarter. Cantor Fitzgerald Investment Advisor L.P now owns 257,335 shares of the technology company’s stock valued at $33,459,000 after purchasing an additional 127,093 shares in the last quarter. Roundview Capital LLC bought a new position in shares of International Business Machines in the first quarter valued at approximately $203,000. Sei Investments Co. lifted its holdings in shares of International Business Machines by 35.7% in the first quarter. Sei Investments Co. now owns 177,599 shares of the technology company’s stock valued at $23,157,000 after purchasing an additional 46,756 shares in the last quarter. Candriam Luxembourg S.C.A. lifted its holdings in shares of International Business Machines by 1.9% in the first quarter. Candriam Luxembourg S.C.A. now owns 95,662 shares of the technology company’s stock valued at $12,438,000 after purchasing an additional 1,821 shares in the last quarter. Finally, Baird Financial Group Inc. lifted its holdings in shares of International Business Machines by 1.5% in the first quarter. Baird Financial Group Inc. now owns 382,232 shares of the technology company’s stock valued at $49,698,000 after purchasing an additional 5,506 shares in the last quarter. Institutional investors and hedge funds own 58.96% of the company’s stock.

International Business Machines Company Profile

(Get Free Report)

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.

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