International Business Machines (NYSE:IBM) Trading Up 0.1%

Shares of International Business Machines Co. (NYSE:IBMGet Free Report) were up 0.1% during trading on Friday . The stock traded as high as $191.93 and last traded at $190.96. Approximately 3,742,169 shares changed hands during mid-day trading, a decline of 27% from the average daily volume of 5,135,399 shares. The stock had previously closed at $190.80.

Analyst Ratings Changes

Several equities analysts have recently commented on IBM shares. Bank of America upped their price objective on shares of International Business Machines from $200.00 to $220.00 and gave the stock a “buy” rating in a report on Thursday, March 14th. Evercore ISI upgraded shares of International Business Machines from an “in-line” rating to an “outperform” rating and increased their target price for the stock from $165.00 to $200.00 in a report on Friday, January 19th. Societe Generale reiterated a “sell” rating and set a $143.00 target price on shares of International Business Machines in a report on Friday, January 5th. Evercore upgraded shares of International Business Machines from an “in-line” rating to an “outperform” rating and increased their target price for the stock from $165.00 to $200.00 in a report on Friday, January 19th. Finally, Stifel Nicolaus increased their target price on shares of International Business Machines from $144.00 to $183.00 and gave the stock a “buy” rating in a report on Monday, January 22nd. One research analyst has rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, International Business Machines has an average rating of “Hold” and a consensus price target of $176.85.

View Our Latest Analysis on IBM

International Business Machines Stock Performance

The stock’s 50-day simple moving average is $187.66 and its 200 day simple moving average is $164.65. The company has a debt-to-equity ratio of 2.22, a quick ratio of 0.93 and a current ratio of 0.96. The company has a market capitalization of $175.06 billion, a PE ratio of 23.49, a P/E/G ratio of 3.74 and a beta of 0.70.

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

International Business Machines Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Saturday, March 9th. Investors of record on Friday, February 9th were given a $1.66 dividend. This represents a $6.64 dividend on an annualized basis and a dividend yield of 3.48%. 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

A number of hedge funds have recently modified their holdings of IBM. Naples Money Management LLC purchased a new position in International Business Machines during the 4th quarter worth $28,000. Creekmur Asset Management LLC purchased a new position in International Business Machines during the 4th quarter worth $29,000. Ables Iannone Moore & Associates Inc. acquired a new stake in shares of International Business Machines in the 4th quarter worth $31,000. Cornerstone Planning Group LLC acquired a new stake in shares of International Business Machines in the 2nd quarter worth $28,000. Finally, Live Oak Investment Partners acquired a new stake in shares of International Business Machines in the 4th quarter worth $30,000. 58.96% of the stock is owned by hedge funds and other institutional investors.

About International Business Machines

(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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