International Business Machines (NYSE:IBM) Trading Down 1.2% - What's Next?

International Business Machines Corporation (NYSE:IBM - Get Free Report)'s stock price was down 1.2% on Thursday . The stock traded as low as $282.21 and last traded at $286.74. Approximately 1,209,209 shares traded hands during mid-day trading, a decline of 71% from the average daily volume of 4,224,540 shares. The stock had previously closed at $290.14.

Analysts Set New Price Targets

Several equities analysts have weighed in on IBM shares. UBS Group reissued a "sell" rating and issued a $195.00 target price (up previously from $170.00) on shares of International Business Machines in a research note on Wednesday. Erste Group Bank raised shares of International Business Machines from a "hold" rating to a "strong-buy" rating in a research report on Monday, March 17th. BMO Capital Markets reissued a "market perform" rating on shares of International Business Machines in a research report on Wednesday, April 23rd. Royal Bank Of Canada lifted their price target on shares of International Business Machines from $276.00 to $285.00 and gave the stock an "outperform" rating in a research report on Thursday, May 15th. Finally, Melius Research raised shares of International Business Machines to a "strong-buy" rating in a research report on Monday. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $259.06.

International Business Machines Stock Down 1.0%

The company has a market capitalization of $266.91 billion, a price-to-earnings ratio of 49.43, a P/E/G ratio of 6.09 and a beta of 0.69. The company has a quick ratio of 0.97, a current ratio of 1.01 and a debt-to-equity ratio of 2.09. The stock's fifty day moving average price is $272.42 and its 200-day moving average price is $251.52.

International Business Machines (NYSE:IBM - Get Free Report) last released its earnings results on Wednesday, April 23rd. The technology company reported $1.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.42 by $0.18. International Business Machines had a return on equity of 37.43% and a net margin of 8.71%. The business had revenue of $14.54 billion for the quarter, compared to analyst estimates of $14.41 billion. During the same quarter in the prior year, the company posted $1.68 earnings per share. International Business Machines's revenue was up .5% on a year-over-year basis. On average, sell-side analysts predict that International Business Machines Corporation will post 10.78 earnings per share for the current fiscal year.

International Business Machines Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Friday, May 9th were issued a dividend of $1.68 per share. This represents a $6.72 annualized dividend and a yield of 2.34%. This is a positive change from International Business Machines's previous quarterly dividend of $1.67. International Business Machines's dividend payout ratio is presently 115.66%.

Institutional Trading of International Business Machines

A number of large investors have recently added to or reduced their stakes in the company. Oliver Lagore Vanvalin Investment Group acquired a new stake in International Business Machines in the second quarter valued at $59,000. CWC Advisors LLC. lifted its stake in International Business Machines by 13.4% in the second quarter. CWC Advisors LLC. now owns 1,655 shares of the technology company's stock valued at $488,000 after acquiring an additional 196 shares during the last quarter. Legacy Financial Strategies LLC lifted its stake in International Business Machines by 150.6% in the second quarter. Legacy Financial Strategies LLC now owns 2,503 shares of the technology company's stock valued at $738,000 after acquiring an additional 1,504 shares during the last quarter. Charter Oak Capital Management LLC boosted its stake in shares of International Business Machines by 10.8% during the 2nd quarter. Charter Oak Capital Management LLC now owns 2,414 shares of the technology company's stock worth $712,000 after acquiring an additional 235 shares during the period. Finally, Voisard Asset Management Group Inc. bought a new position in shares of International Business Machines during the 2nd quarter worth approximately $247,000. 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.