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

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

Analyst Upgrades and Downgrades

IBM has been the topic of a number of research reports. Royal Bank of Canada reissued an “outperform” rating and issued a $200.00 target price on shares of International Business Machines in a research note on Wednesday, May 22nd. UBS Group increased their price target on International Business Machines from $125.00 to $130.00 and gave the company a “sell” rating in a report on Monday, April 22nd. Sanford C. Bernstein lifted their target price on shares of International Business Machines from $165.00 to $186.00 and gave the company a “market perform” rating in a research note on Thursday, March 7th. StockNews.com upgraded International Business Machines from a “hold” rating to a “buy” rating in a report on Wednesday, June 19th. Finally, Wedbush lifted their price objective on International Business Machines from $140.00 to $160.00 and gave the company a “neutral” rating in a research report on Thursday, April 25th. Three investment 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 currently has an average rating of “Hold” and an average price target of $182.53.

International Business Machines Stock Performance

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 stock’s 50-day moving average price is $169.55 and its 200 day moving average price is $176.76. The company has a market cap of $161.43 billion, a P/E ratio of 19.90, a price-to-earnings-growth ratio of 4.34 and a beta of 0.71.

International Business Machines (NYSE:IBM) last released its earnings results on Tuesday, April 30th. The technology company reported $1.68 earnings per share 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 analyst estimates of $14.53 billion. International Business Machines had a net margin of 13.18% and a return on equity of 40.21%. The business’s revenue was up 1.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.36 EPS. As a group, research analysts expect that International Business Machines Co. will post 9.9 EPS for the current fiscal year.

International Business Machines Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 10th. Shareholders of record on Friday, May 10th were issued a $1.67 dividend. The ex-dividend date was Thursday, May 9th. This represents a $6.68 dividend on an annualized basis and a yield of 3.80%. This is a positive change from International Business Machines’s previous quarterly dividend of $1.66. International Business Machines’s dividend payout ratio (DPR) is 75.65%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. FPC Investment Advisory Inc. acquired a new position in International Business Machines during the 1st quarter valued at $26,000. ESL Trust Services LLC bought a new stake in shares of International Business Machines in the first quarter valued at about $28,000. Naples Money Management LLC acquired a new stake in International Business Machines during the fourth quarter worth about $28,000. Creekmur Asset Management LLC acquired a new stake in International Business Machines during the fourth quarter worth about $29,000. Finally, Ables Iannone Moore & Associates Inc. bought a new position in International Business Machines during the fourth quarter valued at about $31,000. 58.96% of the stock is currently owned by institutional investors and hedge funds.

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.