International Business Machines (NYSE:IBM) Shares Up 1.5%

International Business Machines Co. (NYSE:IBM)’s share price was up 1.5% during trading on Tuesday . The stock traded as high as $185.71 and last traded at $183.97. Approximately 1,684,133 shares changed hands during trading, a decline of 65% from the average daily volume of 4,814,588 shares. The stock had previously closed at $181.25.

Analyst Ratings Changes

Several equities analysts recently commented on IBM shares. 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 research report on Thursday, March 7th. Jefferies Financial Group started coverage on International Business Machines in a research report on Friday, January 5th. They set a “hold” rating and a $180.00 target price for the company. Evercore upgraded 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 research report on Friday, January 19th. Stifel Nicolaus restated a “buy” rating and set a $190.00 target price on shares of International Business Machines in a research report on Wednesday. Finally, BMO Capital Markets lifted their price target on International Business Machines from $155.00 to $210.00 and gave the stock a “market perform” rating in a research note on Thursday, January 25th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $178.67.

International Business Machines Stock Performance

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 business has a 50 day moving average price of $188.61 and a two-hundred day moving average price of $168.54. The company has a market cap of $167.81 billion, a P/E ratio of 22.52, a price-to-earnings-growth ratio of 3.60 and a beta of 0.70.

International Business Machines (NYSE:IBM) last released its earnings results on Wednesday, January 24th. The technology company reported $3.87 earnings per share for the quarter, beating 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 analyst estimates of $17.29 billion. During the same quarter in the previous year, the company posted $3.60 EPS. International Business Machines’s revenue for the quarter was up 4.1% on a year-over-year basis. On average, sell-side analysts anticipate that International Business Machines Co. will post 10.07 earnings per share for the current year.

International Business Machines Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Saturday, March 9th. Stockholders of record on Friday, February 9th were paid a $1.66 dividend. This represents a $6.64 dividend on an annualized basis and a dividend yield of 3.63%. The ex-dividend date of this dividend was Thursday, February 8th. International Business Machines’s dividend payout ratio (DPR) is presently 81.67%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Desjardins Global Asset Management Inc. raised its position in International Business Machines by 1.4% during the 4th quarter. Desjardins Global Asset Management Inc. now owns 3,940 shares of the technology company’s stock valued at $644,000 after purchasing an additional 54 shares during the last quarter. Arden Trust Co grew its holdings in shares of International Business Machines by 2.8% during the 1st quarter. Arden Trust Co now owns 1,973 shares of the technology company’s stock worth $377,000 after acquiring an additional 54 shares during the period. Calamos Wealth Management LLC grew its holdings in shares of International Business Machines by 2.8% during the 4th quarter. Calamos Wealth Management LLC now owns 2,007 shares of the technology company’s stock worth $328,000 after acquiring an additional 55 shares during the period. Avion Wealth grew its holdings in shares of International Business Machines by 6.2% during the 4th quarter. Avion Wealth now owns 964 shares of the technology company’s stock worth $158,000 after acquiring an additional 56 shares during the period. Finally, Chicago Partners Investment Group LLC grew its holdings in shares of International Business Machines by 0.8% during the 4th quarter. Chicago Partners Investment Group LLC now owns 7,528 shares of the technology company’s stock worth $1,309,000 after acquiring an additional 58 shares during the period. Institutional investors own 58.96% of the company’s stock.

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.