International Business Machines (NYSE:IBM) Shares Down 0.1%

International Business Machines Co. (NYSE:IBM)’s share price traded down 0.1% during mid-day trading on Wednesday . The stock traded as low as $215.81 and last traded at $219.15. 587,411 shares traded hands during mid-day trading, a decline of 86% from the average session volume of 4,213,432 shares. The stock had previously closed at $219.35.

Analyst Ratings Changes

Several analysts have weighed in on the company. Evercore ISI boosted their price objective on International Business Machines from $215.00 to $240.00 and gave the stock an “outperform” rating in a report on Wednesday, September 11th. Royal Bank of Canada increased their price objective on shares of International Business Machines from $200.00 to $211.00 and gave the company an “outperform” rating in a report on Thursday, July 25th. Hsbc Global Res raised shares of International Business Machines to a “moderate sell” rating in a report on Friday, July 26th. BMO Capital Markets raised their price target on International Business Machines from $190.00 to $210.00 and gave the stock a “market perform” rating in a research report on Thursday, July 25th. Finally, Stifel Nicolaus raised their target price on International Business Machines from $190.00 to $205.00 and gave the stock a “buy” rating in a report on Thursday, July 25th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, International Business Machines presently has an average rating of “Hold” and an average target price of $193.38.

International Business Machines Trading Up 0.2 %

The stock has a market cap of $201.80 billion, a price-to-earnings ratio of 24.82, a P/E/G ratio of 4.90 and a beta of 0.70. The business has a 50-day simple moving average of $201.62 and a two-hundred day simple moving average of $185.54. The company has a debt-to-equity ratio of 2.20, a quick ratio of 1.08 and a current ratio of 1.12.

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

International Business Machines Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Friday, August 9th were paid a dividend of $1.67 per share. This represents a $6.68 dividend on an annualized basis and a dividend yield of 3.04%. The ex-dividend date was Friday, August 9th. International Business Machines’s dividend payout ratio is currently 75.65%.

Hedge Funds Weigh In On International Business Machines

A number of institutional investors have recently bought and sold shares of the business. FPC Investment Advisory Inc. acquired a new stake in shares of International Business Machines during the 1st quarter worth $26,000. ESL Trust Services LLC acquired a new position in International Business Machines during the 1st quarter worth approximately $28,000. Creekmur Asset Management LLC bought a new position in International Business Machines in the 4th quarter valued at approximately $29,000. Ables Iannone Moore & Associates Inc. bought a new stake in shares of International Business Machines during the fourth quarter worth $31,000. Finally, Oliver Lagore Vanvalin Investment Group acquired a new position in shares of International Business Machines during the second quarter worth $36,000. 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.