International Business Machines (NYSE:IBM) Stock Price Up 1.3%

International Business Machines Co. (NYSE:IBMGet Free Report) rose 1.3% during mid-day trading on Friday . The stock traded as high as $173.30 and last traded at $173.14. Approximately 467,707 shares traded hands during trading, a decline of 90% from the average daily volume of 4,536,117 shares. The stock had previously closed at $170.85.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Sanford C. Bernstein upped their target price on International Business Machines from $165.00 to $186.00 and gave the company a “market perform” rating in a report on Thursday, March 7th. Bank of America upped 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. Wedbush upped their target price on International Business Machines from $140.00 to $160.00 and gave the company a “neutral” rating in a report on Thursday, April 25th. BNP Paribas assumed coverage on International Business Machines in a report on Thursday, May 2nd. They issued an “underperform” rating and a $145.00 target price on the stock. Finally, The Goldman Sachs Group assumed coverage on International Business Machines in a report on Monday, June 24th. They issued a “buy” rating and a $200.00 target price on the stock. Three analysts have rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $182.53.

View Our Latest Analysis on International Business Machines

International Business Machines Stock Up 1.2 %

The stock has a market cap of $158.87 billion, a P/E ratio of 19.59, a PEG ratio of 4.21 and a beta of 0.72. 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 business has a 50-day simple moving average of $169.95 and a 200-day simple moving average of $176.48.

International Business Machines (NYSE:IBMGet Free Report) last announced its earnings results on Tuesday, April 30th. The technology company reported $1.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.59 by $0.09. The firm had revenue of $14.46 billion during the quarter, compared to analysts’ expectations 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 was up 1.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.36 earnings per share. Analysts expect that International Business Machines Co. will post 9.9 EPS for the current year.

International Business Machines Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 10th. Stockholders of record on Friday, May 10th were issued a dividend of $1.67 per share. The ex-dividend date of this dividend was Thursday, May 9th. This is a positive change from International Business Machines’s previous quarterly dividend of $1.66. This represents a $6.68 dividend on an annualized basis and a dividend yield of 3.86%. International Business Machines’s payout ratio is 75.65%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. FPC Investment Advisory Inc. acquired a new position in shares of International Business Machines during the first quarter worth approximately $26,000. ESL Trust Services LLC acquired a new position in shares of International Business Machines in the first quarter valued at $28,000. Naples Money Management LLC acquired a new position in shares of International Business Machines in the fourth quarter valued at $28,000. Creekmur Asset Management LLC acquired a new position in shares of International Business Machines in the fourth quarter valued at $29,000. Finally, Ables Iannone Moore & Associates Inc. acquired a new position in shares of International Business Machines in the fourth quarter valued at $31,000. 58.96% of the stock is currently owned by institutional investors and hedge funds.

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.

Further Reading

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