International Business Machines (NYSE:IBM) Shares Gap Up to $181.25

International Business Machines Co. (NYSE:IBMGet Free Report) shares gapped up before the market opened on Tuesday . The stock had previously closed at $181.25, but opened at $185.59. International Business Machines shares last traded at $183.71, with a volume of 832,001 shares traded.

Analyst Upgrades and Downgrades

Several research analysts have commented on IBM shares. Evercore ISI raised International Business Machines from an “in-line” rating to an “outperform” rating and lifted their price target for the stock from $165.00 to $200.00 in a research report on Friday, January 19th. Evercore raised International Business Machines from an “in-line” rating to an “outperform” rating and boosted their target price for the company from $165.00 to $200.00 in a report on Friday, January 19th. Stifel Nicolaus reissued a “buy” rating and issued a $190.00 target price on shares of International Business Machines in a report on Wednesday. StockNews.com lowered International Business Machines from a “buy” rating to a “hold” rating in a report on Thursday, April 11th. Finally, Bank of America boosted their target price on International Business Machines from $200.00 to $220.00 and gave the company a “buy” rating in a report on Thursday, March 14th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $178.67.

Read Our Latest Analysis on International Business Machines

International Business Machines Price Performance

The company has a quick ratio of 0.93, a current ratio of 0.96 and a debt-to-equity ratio of 2.22. The company has a market cap of $167.81 billion, a price-to-earnings ratio of 22.52, a price-to-earnings-growth ratio of 3.55 and a beta of 0.70. The company has a fifty day simple moving average of $188.61 and a two-hundred day simple moving average of $168.54.

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

International Business Machines Dividend Announcement

The company also recently announced 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 3.63%. The ex-dividend date was Thursday, February 8th. International Business Machines’s dividend payout ratio (DPR) is 81.67%.

Institutional Trading of International Business Machines

A number of large investors have recently made changes to their positions in IBM. Naples Money Management LLC acquired a new stake in shares of International Business Machines during the fourth quarter valued at $28,000. Cornerstone Planning Group LLC acquired a new stake in shares of International Business Machines during the second quarter valued at $28,000. Creekmur Asset Management LLC acquired a new stake in shares of International Business Machines during the fourth quarter valued at $29,000. Live Oak Investment Partners acquired a new stake in shares of International Business Machines during the fourth quarter valued at $30,000. Finally, Briaud Financial Planning Inc acquired a new stake in shares of International Business Machines during the third quarter valued at $31,000. 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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