International Business Machines (NYSE:IBM) Trading Up 2.3% - What's Next?

International Business Machines Co. (NYSE:IBM - Get Free Report)'s stock price traded up 2.3% during trading on Tuesday . The company traded as high as $242.15 and last traded at $241.58. Approximately 884,518 shares traded hands during mid-day trading, a decline of 79% from the average daily volume of 4,221,952 shares. The stock had previously closed at $236.22.

Analyst Ratings Changes

IBM has been the subject of a number of research reports. Wedbush reiterated an "outperform" rating and set a $300.00 target price on shares of International Business Machines in a research report on Thursday. Jefferies Financial Group restated a "hold" rating on shares of International Business Machines in a report on Wednesday. UBS Group reiterated a "sell" rating and issued a $170.00 price target (up previously from $160.00) on shares of International Business Machines in a report on Wednesday. BMO Capital Markets reaffirmed a "market perform" rating on shares of International Business Machines in a research report on Wednesday. Finally, KGI Securities set a $242.00 target price on International Business Machines and gave the company a "hold" rating in a research note on Thursday. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $242.41.

International Business Machines Stock Up 1.4 %

The company has a current ratio of 1.04, a quick ratio of 1.00 and a debt-to-equity ratio of 1.82. The company has a market cap of $215.59 billion, a price-to-earnings ratio of 36.27, a PEG ratio of 5.81 and a beta of 0.67. The business has a fifty day moving average of $245.34 and a two-hundred day moving average of $233.91.

International Business Machines (NYSE:IBM - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The technology company reported $1.60 EPS for the quarter, topping the consensus estimate of $1.42 by $0.18. International Business Machines had a return on equity of 38.99% and a net margin of 9.60%. The company had revenue of $14.54 billion during the quarter, compared to analyst estimates of $14.41 billion. As a group, equities analysts anticipate that International Business Machines Co. will post 10.78 EPS for the current fiscal year.

International Business Machines Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Monday, February 10th were issued a $1.67 dividend. This represents a $6.68 dividend on an annualized basis and a dividend yield of 2.87%. The ex-dividend date of this dividend was Monday, February 10th. International Business Machines's dividend payout ratio is currently 104.21%.

Insider Activity at International Business Machines

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

Institutional Trading of International Business Machines

Institutional investors and hedge funds have recently bought and sold shares of the business. JBR Co Financial Management Inc raised its holdings in International Business Machines by 0.6% in the fourth quarter. JBR Co Financial Management Inc now owns 6,390 shares of the technology company's stock valued at $1,405,000 after acquiring an additional 40 shares in the last quarter. Wealth Dimensions Group Ltd. boosted its position in shares of International Business Machines by 1.0% in the 4th quarter. Wealth Dimensions Group Ltd. now owns 3,972 shares of the technology company's stock valued at $873,000 after purchasing an additional 40 shares during the period. Pallas Capital Advisors LLC grew its position in shares of International Business Machines by 0.9% during the first quarter. Pallas Capital Advisors LLC now owns 4,805 shares of the technology company's stock worth $1,195,000 after acquiring an additional 42 shares during the last quarter. Schechter Investment Advisors LLC boosted its stake in shares of International Business Machines by 0.7% during the fourth quarter. Schechter Investment Advisors LLC now owns 6,351 shares of the technology company's stock worth $1,396,000 after buying an additional 43 shares during the period. Finally, Titleist Asset Management LLC lifted its position in International Business Machines by 3.1% during the 4th quarter. Titleist Asset Management LLC now owns 1,431 shares of the technology company's stock worth $315,000 after acquiring an additional 43 shares during the period. 58.96% of the stock is currently owned by hedge funds and other institutional investors.

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.