International Business Machines (NYSE:IBM) Shares Up 0.5%

International Business Machines Co. (NYSE:IBM - Get Free Report) rose 0.5% on Friday . The stock traded as high as $182.80 and last traded at $182.37. Approximately 581,449 shares were traded during trading, a decline of 88% from the average daily volume of 4,746,790 shares. The stock had previously closed at $181.47.

Wall Street Analyst Weigh In

IBM has been the subject of several recent research reports. Bank of America increased their price target on International Business Machines from $200.00 to $220.00 and gave the stock a "buy" rating in a report on Thursday, March 14th. BMO Capital Markets increased their price objective on 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. Royal Bank of Canada increased their price objective on International Business Machines from $179.00 to $200.00 and gave the stock an "outperform" rating in a research report on Thursday, January 25th. StockNews.com cut International Business Machines from a "buy" rating to a "hold" rating in a research report on Thursday, April 11th. Finally, Jefferies Financial Group assumed coverage on International Business Machines in a research report on Friday, January 5th. They issued a "hold" rating and a $180.00 price objective for the company. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $178.67.

International Business Machines Trading Up 0.1 %

The company has a debt-to-equity ratio of 2.22, a quick ratio of 0.93 and a current ratio of 0.96. The stock has a market cap of $166.51 billion, a PE ratio of 22.34, a PEG ratio of 3.58 and a beta of 0.70. The business has a 50-day moving average of $188.46 and a 200 day moving average of $168.91.

International Business Machines (NYSE:IBM - Get Free Report) last issued its earnings results on Wednesday, January 24th. The technology company reported $3.87 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.78 by $0.09. International Business Machines had a return on equity of 39.55% and a net margin of 12.13%. The business had revenue of $17.38 billion during the quarter, compared to analysts' expectations of $17.29 billion. During the same quarter in the previous year, the business earned $3.60 EPS. The company's revenue for the quarter was up 4.1% on a year-over-year basis. Equities research analysts predict that International Business Machines Co. will post 10.07 EPS for the current fiscal year.

International Business Machines Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Saturday, March 9th. Stockholders of record on Friday, February 9th were issued a dividend of $1.66 per share. This represents a $6.64 dividend on an annualized basis and a dividend yield of 3.66%. The ex-dividend date of this dividend was Thursday, February 8th. International Business Machines's payout ratio is currently 81.67%.

Hedge Funds Weigh In On International Business Machines

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Desjardins Global Asset Management Inc. boosted its holdings in International Business Machines by 1.4% in the 4th quarter. Desjardins Global Asset Management Inc. now owns 3,940 shares of the technology company's stock worth $644,000 after acquiring an additional 54 shares during the period. Arden Trust Co boosted its holdings in International Business Machines by 2.8% in the 1st quarter. Arden Trust Co now owns 1,973 shares of the technology company's stock worth $377,000 after acquiring an additional 54 shares during the period. Calamos Wealth Management LLC boosted its holdings in International Business Machines by 2.8% in the 4th quarter. Calamos Wealth Management LLC now owns 2,007 shares of the technology company's stock worth $328,000 after acquiring an additional 55 shares during the period. Avion Wealth boosted its holdings in International Business Machines by 6.2% in the 4th quarter. Avion Wealth now owns 964 shares of the technology company's stock worth $158,000 after acquiring an additional 56 shares during the period. Finally, Chicago Partners Investment Group LLC boosted its holdings in International Business Machines by 0.8% in the 4th quarter. Chicago Partners Investment Group LLC now owns 7,528 shares of the technology company's stock worth $1,309,000 after acquiring an additional 58 shares during the period. Hedge funds and other institutional investors 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.