International Business Machines (NYSE:IBM) Trading Up 0% – Here’s What Happened

Shares of International Business Machines Co. (NYSE:IBM) were up 0% during trading on Tuesday . The stock traded as high as $248.03 and last traded at $248.75. Approximately 834,157 shares were traded during trading, a decline of 82% from the average daily volume of 4,721,924 shares. The stock had previously closed at $248.66.

Wall Street Analyst Weigh In

IBM has been the subject of a number of research reports. Oppenheimer started coverage on International Business Machines in a report on Tuesday, February 11th. They set an “outperform” rating and a $320.00 price objective for the company. StockNews.com downgraded shares of International Business Machines from a “buy” rating to a “hold” rating in a report on Saturday, March 15th. Erste Group Bank upgraded shares of International Business Machines from a “hold” rating to a “strong-buy” rating in a report on Monday, March 17th. Bank of America lifted their price target on shares of International Business Machines from $260.00 to $270.00 and gave the company a “buy” rating in a research note on Thursday, January 30th. Finally, Jefferies Financial Group reduced their price objective on shares of International Business Machines from $270.00 to $265.00 and set a “hold” rating for the company in a research note on Monday. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $231.13.

International Business Machines Trading Down 0.1 %

The company has a debt-to-equity ratio of 1.82, a current ratio of 1.04 and a quick ratio of 1.00. The firm has a market capitalization of $230.41 billion, a P/E ratio of 38.76, a price-to-earnings-growth ratio of 5.81 and a beta of 0.74. The business’s 50-day moving average is $249.99 and its 200 day moving average is $231.88.

International Business Machines (NYSE:IBM) last released its quarterly earnings results on Wednesday, January 29th. The technology company reported $3.92 earnings per share for the quarter, beating analysts’ consensus estimates of $3.77 by $0.15. International Business Machines had a net margin of 9.60% and a return on equity of 38.99%. As a group, analysts anticipate that International Business Machines Co. will post 10.78 EPS for the current fiscal year.

International Business Machines Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Monday, February 10th were given a $1.67 dividend. This represents a $6.68 dividend on an annualized basis and a dividend yield of 2.69%. The ex-dividend date of this dividend was Monday, February 10th. International Business Machines’s payout ratio is currently 104.21%.

Insider Buying and Selling

In other International Business Machines news, SVP Robert David Thomas sold 26,543 shares of the firm’s stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $253.01, for a total value of $6,715,644.43. Following the sale, the senior vice president now owns 45,007 shares of the company’s stock, valued at approximately $11,387,221.07. This trade represents a 37.10 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.18% of the stock is currently owned by company insiders.

Institutional Trading of International Business Machines

Large investors have recently bought and sold shares of the business. Neville Rodie & Shaw Inc. lifted its holdings in shares of International Business Machines by 0.5% in the first quarter. Neville Rodie & Shaw Inc. now owns 54,305 shares of the technology company’s stock worth $13,504,000 after acquiring an additional 294 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its stake in International Business Machines by 0.8% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 8,795 shares of the technology company’s stock valued at $2,187,000 after purchasing an additional 70 shares during the last quarter. Milestone Asset Management Group LLC acquired a new stake in International Business Machines in the fourth quarter valued at approximately $368,000. Wellington Management Group LLP boosted its position in International Business Machines by 1.4% in the fourth quarter. Wellington Management Group LLP now owns 231,021 shares of the technology company’s stock valued at $50,785,000 after buying an additional 3,206 shares in the last quarter. Finally, Mascagni Wealth Management Inc. bought a new stake in shares of International Business Machines during the fourth quarter worth $43,000. 58.96% of the stock is owned by institutional investors and hedge funds.

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.