International Business Machines (NYSE:IBM) Trading 0.6% Higher

International Business Machines Co. (NYSE:IBM)’s stock price traded up 0.6% on Tuesday . The company traded as high as $205.83 and last traded at $204.66. 705,572 shares changed hands during mid-day trading, a decline of 83% from the average session volume of 4,200,756 shares. The stock had previously closed at $203.53.

Analyst Ratings Changes

IBM has been the topic of a number of analyst reports. Jefferies Financial Group lifted their price objective on shares of International Business Machines from $190.00 to $200.00 and gave the stock a “hold” rating in a research report on Thursday, July 25th. Evercore ISI upped their price target on International Business Machines from $215.00 to $240.00 and gave the stock an “outperform” rating in a research report on Wednesday. Royal Bank of Canada raised their price objective on International Business Machines from $200.00 to $211.00 and gave the stock an “outperform” rating in a research report on Thursday, July 25th. UBS Group upped their target price on International Business Machines from $130.00 to $145.00 and gave the company a “sell” rating in a research report on Wednesday, September 4th. Finally, StockNews.com raised International Business Machines from a “hold” rating to a “buy” rating in a report on Wednesday, June 19th. Three analysts have rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $188.60.

International Business Machines Price Performance

The company has a quick ratio of 1.08, a current ratio of 1.12 and a debt-to-equity ratio of 2.20. The stock’s 50 day moving average price is $191.34 and its two-hundred day moving average price is $182.99. The stock has a market cap of $193.28 billion, a price-to-earnings ratio of 23.76, a price-to-earnings-growth ratio of 4.47 and a beta of 0.70.

International Business Machines (NYSE:IBM) last announced its quarterly earnings results on Wednesday, July 24th. The technology company reported $2.43 earnings per share for the quarter, topping the consensus estimate of $2.16 by $0.27. The company had revenue of $15.77 billion for the quarter, compared to the consensus estimate of $15.62 billion. International Business Machines had a return on equity of 40.59% and a net margin of 13.52%. The firm’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same period last year, the firm earned $2.18 EPS. Equities research analysts forecast that International Business Machines Co. will post 10.1 EPS for the current fiscal year.

International Business Machines Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Friday, August 9th were given a $1.67 dividend. The ex-dividend date of this dividend was Friday, August 9th. This represents a $6.68 annualized dividend and a yield of 3.18%. International Business Machines’s dividend payout ratio is presently 75.65%.

Institutional Trading of International Business Machines

Several hedge funds and other institutional investors have recently added to or reduced their stakes in IBM. FPC Investment Advisory Inc. acquired a new stake in shares of International Business Machines during the 1st quarter valued at about $26,000. ESL Trust Services LLC purchased a new stake in shares of International Business Machines in the first quarter valued at approximately $28,000. Creekmur Asset Management LLC acquired a new position in shares of International Business Machines during the 4th quarter worth approximately $29,000. Ables Iannone Moore & Associates Inc. purchased a new position in shares of International Business Machines during the 4th quarter valued at approximately $31,000. Finally, Financial Synergies Wealth Advisors Inc. grew its stake in International Business Machines by 164.0% in the 1st quarter. Financial Synergies Wealth Advisors Inc. now owns 198 shares of the technology company’s stock valued at $38,000 after acquiring an additional 123 shares during the period. Institutional investors and hedge funds 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.