International Business Machines (NYSE:IBM) Shares Up 0.1% - What's Next?

Shares of International Business Machines Co. (NYSE:IBM - Get Free Report) were up 0.1% during trading on Wednesday . The stock traded as high as $250.93 and last traded at $249.43. Approximately 414,179 shares were traded during trading, a decline of 90% from the average daily volume of 4,189,876 shares. The stock had previously closed at $249.12.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Morgan Stanley cut their target price on shares of International Business Machines from $237.00 to $233.00 and set an "equal weight" rating on the stock in a report on Thursday, April 24th. Wedbush reissued an "outperform" rating and set a $300.00 price objective on shares of International Business Machines in a research note on Wednesday. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $276.00 price target on shares of International Business Machines in a research report on Monday, April 14th. StockNews.com downgraded International Business Machines from a "buy" rating to a "hold" rating in a research note on Friday, May 2nd. Finally, KGI Securities set a $242.00 target price on shares of International Business Machines and gave the stock a "hold" rating in a research report on Thursday, April 24th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $248.50.

International Business Machines Trading Down 1.9 %

The company has a debt-to-equity ratio of 1.82, a quick ratio of 1.00 and a current ratio of 1.04. The business's 50-day moving average is $243.01 and its two-hundred day moving average is $234.80. The stock has a market capitalization of $231.72 billion, a PE ratio of 38.90, a price-to-earnings-growth ratio of 5.81 and a beta of 0.64.

International Business Machines (NYSE:IBM - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The technology company reported $1.60 earnings per share for the quarter, beating analysts' consensus estimates of $1.42 by $0.18. The business had revenue of $14.54 billion during the quarter, compared to analysts' expectations of $14.41 billion. International Business Machines had a return on equity of 38.99% and a net margin of 9.60%. The business's revenue for the quarter was up .5% on a year-over-year basis. During the same quarter last year, the business posted $1.68 earnings per share. As a group, equities research analysts anticipate that International Business Machines Co. will post 10.78 earnings per share for the current year.

International Business Machines Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Friday, May 9th will be given a $1.68 dividend. This is a positive change from International Business Machines's previous quarterly dividend of $1.67. This represents a $6.72 annualized dividend and a dividend yield of 2.70%. International Business Machines's dividend payout ratio (DPR) is 115.66%.

Insider Transactions at International Business Machines

In related news, SVP Robert David Thomas sold 26,543 shares of the stock in a transaction dated 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 completion of the transaction, the senior vice president now owns 45,007 shares of the company's stock, valued at approximately $11,387,221.07. This represents a 37.10 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.18% of the company's stock.

Hedge Funds Weigh In On International Business Machines

A number of hedge funds have recently bought and sold shares of IBM. Compass Financial Services Inc acquired a new stake in shares of International Business Machines in the 4th quarter worth approximately $26,000. Christopher J. Hasenberg Inc acquired a new stake in International Business Machines in the first quarter worth approximately $27,000. SSA Swiss Advisors AG bought a new position in International Business Machines during the 1st quarter valued at $28,000. Vision Financial Markets LLC acquired a new position in shares of International Business Machines during the 4th quarter valued at $31,000. Finally, Valued Wealth Advisors LLC raised its stake in shares of International Business Machines by 134.3% in the 4th quarter. Valued Wealth Advisors LLC now owns 157 shares of the technology company's stock worth $35,000 after buying an additional 90 shares in the last quarter. 58.96% of the stock is currently owned by institutional investors and hedge funds.

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.