International Business Machines (NYSE:IBM) Shares Down 0.5%

Shares of International Business Machines Co. (NYSE:IBM) fell 0.5% during mid-day trading on Wednesday . The stock traded as low as $175.91 and last traded at $176.45. 467,442 shares traded hands during mid-day trading, a decline of 90% from the average session volume of 4,510,820 shares. The stock had previously closed at $177.30.

Analyst Ratings Changes

A number of analysts recently commented on the stock. Royal Bank of Canada restated an “outperform” rating and issued a $200.00 price objective on shares of International Business Machines in a research report on Wednesday, May 22nd. The Goldman Sachs Group started coverage on International Business Machines in a research report on Monday, June 24th. They set a “buy” rating and a $200.00 price target on the stock. Jefferies Financial Group decreased their price objective on International Business Machines from $215.00 to $210.00 and set a “hold” rating for the company in a research report on Tuesday, April 23rd. StockNews.com upgraded shares of International Business Machines from a “hold” rating to a “buy” rating in a report on Wednesday, June 19th. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $190.00 price target on shares of International Business Machines in a report on Thursday, May 16th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $182.53.

International Business Machines Stock Performance

The company has a current ratio of 1.13, a quick ratio of 1.09 and a debt-to-equity ratio of 2.32. The stock’s 50 day moving average price is $169.72 and its 200 day moving average price is $176.76. The company has a market capitalization of $160.98 billion, a price-to-earnings ratio of 19.98, a P/E/G ratio of 4.27 and a beta of 0.71.

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, beating the consensus estimate 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 business’s quarterly revenue was up 1.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.36 earnings per share. Analysts expect that International Business Machines Co. will post 9.9 earnings per share for the current year.

International Business Machines Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 10th. Investors of record on Friday, May 10th were issued a dividend of $1.67 per share. This represents a $6.68 dividend on an annualized basis and a yield of 3.81%. This is an increase from International Business Machines’s previous quarterly dividend of $1.66. The ex-dividend date was Thursday, May 9th. International Business Machines’s payout ratio is presently 75.65%.

Institutional Trading of International Business Machines

Large investors have recently added to or reduced their stakes in the company. Global Wealth Strategies & Associates grew its holdings in International Business Machines by 6.8% during the second quarter. Global Wealth Strategies & Associates now owns 1,132 shares of the technology company’s stock worth $196,000 after purchasing an additional 72 shares during the period. Marcum Wealth LLC boosted its stake in shares of International Business Machines by 0.8% during the 2nd quarter. Marcum Wealth LLC now owns 9,013 shares of the technology company’s stock worth $1,559,000 after acquiring an additional 72 shares during the period. Hudson Valley Investment Advisors Inc. ADV increased its holdings in shares of International Business Machines by 2.5% during the 2nd quarter. Hudson Valley Investment Advisors Inc. ADV now owns 15,094 shares of the technology company’s stock worth $2,432,000 after acquiring an additional 365 shares during the last quarter. Massmutual Trust Co. FSB ADV raised its stake in International Business Machines by 23.0% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 8,093 shares of the technology company’s stock valued at $1,400,000 after acquiring an additional 1,513 shares during the period. Finally, GAMMA Investing LLC lifted its holdings in International Business Machines by 42.4% during the 2nd quarter. GAMMA Investing LLC now owns 9,370 shares of the technology company’s stock valued at $1,621,000 after purchasing an additional 2,788 shares during the last quarter. Institutional investors and hedge funds own 58.96% of the company’s stock.

About International Business Machines

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.