International Business Machines (NYSE:IBM) Stock Price Down 0.1% After Analyst Downgrade

International Business Machines Co. (NYSE:IBM) fell 0.1% on Monday after Morgan Stanley lowered their price target on the stock from $186.00 to $179.00. Morgan Stanley currently has an equal weight rating on the stock. International Business Machines traded as low as $166.57 and last traded at $166.93. 930,909 shares were traded during trading, a decline of 81% from the average session volume of 4,955,881 shares. The stock had previously closed at $167.13.

Other equities research analysts also recently issued reports about the company. StockNews.com downgraded International Business Machines from a “buy” rating to a “hold” rating in a report on Tuesday, April 23rd. Sanford C. Bernstein boosted their target price on shares of International Business Machines from $165.00 to $186.00 and gave the company a “market perform” rating in a research note on Thursday, March 7th. JPMorgan Chase & Co. dropped their price target on shares of International Business Machines from $190.00 to $185.00 and set a “neutral” rating on the stock in a research note on Thursday. Royal Bank of Canada increased their price target on International Business Machines from $179.00 to $200.00 and gave the stock an “outperform” rating in a research note on Thursday, January 25th. Finally, Stifel Nicolaus restated a “buy” rating and set a $190.00 price objective on shares of International Business Machines in a research note on Wednesday, April 17th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $184.08.

Hedge Funds Weigh In On International Business Machines

Several hedge funds have recently made changes to their positions in the business. Vontobel Holding Ltd. boosted its stake in shares of International Business Machines by 20.3% during the 4th quarter. Vontobel Holding Ltd. now owns 477,193 shares of the technology company’s stock worth $78,045,000 after acquiring an additional 80,474 shares in the last quarter. Natixis Advisors L.P. raised its position in shares of International Business Machines by 18.1% in the third quarter. Natixis Advisors L.P. now owns 372,307 shares of the technology company’s stock valued at $52,235,000 after purchasing an additional 57,170 shares during the period. Herold Advisors Inc. boosted its holdings in shares of 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 buying an additional 688 shares during the period. Tsfg LLC raised its holdings in International Business Machines by 40.5% in the 4th quarter. Tsfg LLC now owns 378 shares of the technology company’s stock worth $62,000 after acquiring an additional 109 shares during the period. Finally, Mizuho Securities Co. Ltd. acquired a new position in International Business Machines during the 3rd quarter worth $661,000. Institutional investors and hedge funds own 58.96% of the company’s stock.

International Business Machines Trading Down 0.0 %

The company has a quick ratio of 1.09, a current ratio of 1.13 and a debt-to-equity ratio of 2.32. The company has a market capitalization of $153.16 billion, a price-to-earnings ratio of 18.90, a P/E/G ratio of 4.08 and a beta of 0.70. The company has a 50-day moving average price of $187.60 and a 200-day moving average price of $170.53.

International Business Machines (NYSE:IBM) last issued its quarterly earnings results on Tuesday, April 30th. The technology company reported $1.68 EPS for the quarter, topping the consensus estimate of $1.59 by $0.09. The company had revenue of $14.46 billion for the quarter, compared to the consensus estimate of $14.53 billion. International Business Machines had a return on equity of 40.21% and a net margin of 13.18%. The company’s revenue for the quarter was up 1.5% on a year-over-year basis. During the same period in the previous year, the business posted $1.36 EPS. Research analysts predict that International Business Machines Co. will post 9.99 EPS for the current fiscal year.

International Business Machines Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Saturday, March 9th. Shareholders of record on Friday, February 9th were given a $1.66 dividend. The ex-dividend date of this dividend was Thursday, February 8th. This represents a $6.64 annualized dividend and a yield of 3.97%. International Business Machines’s dividend payout ratio is 75.20%.

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.