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

International Business Machines Co. (NYSE:IBM)’s share price was up 1.5% during mid-day trading on Tuesday . The company traded as high as $185.71 and last traded at $183.97. Approximately 1,684,133 shares traded 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 brokerages have issued reports on IBM. Evercore raised shares of International Business Machines from an “in-line” rating to an “outperform” rating and raised their price objective for the stock from $165.00 to $200.00 in a research report on Friday, January 19th. BMO Capital Markets raised their price objective on shares of International Business Machines from $155.00 to $210.00 and gave the stock a “market perform” rating in a research report on Thursday, January 25th. Evercore ISI raised shares of International Business Machines from an “in-line” rating to an “outperform” rating and raised their price objective for the stock from $165.00 to $200.00 in a research report on Friday, January 19th. StockNews.com downgraded shares of International Business Machines from a “buy” rating to a “hold” rating in a research report on Thursday, April 11th. Finally, Societe Generale reissued a “sell” rating and set a $143.00 price objective on shares of International Business Machines in a research report on Friday, January 5th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $178.67.

International Business Machines Trading Down 0.4 %

The company has a quick ratio of 0.93, a current ratio of 0.96 and a debt-to-equity ratio of 2.22. The company’s fifty day moving average price is $188.61 and its two-hundred day moving average price is $168.54. The firm has a market cap of $167.81 billion, a PE ratio of 22.52, a P/E/G ratio of 3.60 and a beta of 0.70.

International Business Machines (NYSE:IBM) last announced its quarterly earnings data on Wednesday, January 24th. The technology company reported $3.87 EPS for the quarter, beating the consensus estimate of $3.78 by $0.09. International Business Machines had a net margin of 12.13% and a return on equity of 39.55%. The firm had revenue of $17.38 billion during the quarter, compared to analysts’ expectations of $17.29 billion. During the same quarter last year, the business earned $3.60 earnings per share. The business’s revenue for the quarter was up 4.1% compared to the same quarter last year. As a group, sell-side analysts forecast that International Business Machines Co. will post 10.07 earnings per share for the current fiscal year.

International Business Machines Dividend Announcement

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

Hedge Funds Weigh In On International Business Machines

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Naples Money Management LLC acquired a new position in International Business Machines during the fourth quarter worth about $28,000. Cornerstone Planning Group LLC acquired a new position in International Business Machines during the second quarter worth about $28,000. Creekmur Asset Management LLC acquired a new position in International Business Machines during the fourth quarter worth about $29,000. Live Oak Investment Partners acquired a new position in International Business Machines during the fourth quarter worth about $30,000. Finally, Briaud Financial Planning Inc acquired a new position in shares of International Business Machines in the third quarter valued at approximately $31,000. 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.