Shares of International Business Machines Co. (NYSE:IBM - Get Free Report) traded up 1.2% during trading on Tuesday after UBS Group raised their price target on the stock from $125.00 to $130.00. UBS Group currently has a sell rating on the stock. International Business Machines traded as high as $184.23 and last traded at $184.02. 627,067 shares were traded during mid-day trading, a decline of 87% from the average session volume of 4,703,278 shares. The stock had previously closed at $181.90.
Other equities analysts have also issued reports about the stock. Stifel Nicolaus restated a "buy" rating and issued a $190.00 price objective on shares of International Business Machines in a report on Wednesday, April 17th. Jefferies Financial Group assumed coverage on shares of International Business Machines in a report on Friday, January 5th. They issued a "hold" rating and a $180.00 price objective on the stock. BMO Capital Markets upped their price objective on shares of International Business Machines from $155.00 to $210.00 and gave the stock a "market perform" rating in a report on Thursday, January 25th. Sanford C. Bernstein upped their target price on shares of International Business Machines from $165.00 to $186.00 and gave the stock a "market perform" rating in a research note on Thursday, March 7th. Finally, StockNews.com downgraded shares of International Business Machines from a "buy" rating to a "hold" rating in a research note on Thursday, April 11th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, International Business Machines currently has an average rating of "Hold" and a consensus target price of $177.23.
View Our Latest Analysis on IBM
Institutional Investors Weigh In On International Business Machines
A number of large investors have recently modified their holdings of IBM. Naples Money Management LLC purchased a new stake in shares of International Business Machines in the 4th quarter valued at approximately $28,000. Creekmur Asset Management LLC purchased a new position in International Business Machines during the 4th quarter valued at about $29,000. Briaud Financial Planning Inc purchased a new position in International Business Machines during the 3rd quarter valued at about $31,000. Ables Iannone Moore & Associates Inc. purchased a new stake in shares of International Business Machines during the fourth quarter worth about $31,000. Finally, Stone House Investment Management LLC grew its holdings in shares of International Business Machines by 971.4% during the third quarter. Stone House Investment Management LLC now owns 225 shares of the technology company's stock worth $32,000 after buying an additional 204 shares in the last quarter. 58.96% of the stock is owned by hedge funds and other institutional investors.
International Business Machines Trading Up 0.2 %
The business's fifty day moving average price is $188.35 and its 200 day moving average price is $169.88. The company has a quick ratio of 0.93, a current ratio of 0.96 and a debt-to-equity ratio of 2.22. The firm has a market capitalization of $167.02 billion, a PE ratio of 22.41, a P/E/G ratio of 3.57 and a beta of 0.70.
International Business Machines (NYSE:IBM - Get Free Report) last announced its quarterly earnings results on Wednesday, January 24th. The technology company reported $3.87 earnings per share for the quarter, beating analysts' consensus estimates of $3.78 by $0.09. The firm had revenue of $17.38 billion for the quarter, compared to analysts' expectations of $17.29 billion. International Business Machines had a net margin of 12.13% and a return on equity of 39.55%. International Business Machines's revenue was up 4.1% compared to the same quarter last year. During the same period in the previous year, the company posted $3.60 earnings per share. As a group, analysts expect that International Business Machines Co. will post 10.04 EPS for the current fiscal year.
International Business Machines Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Saturday, March 9th. Shareholders of record on Friday, February 9th were paid a dividend of $1.66 per share. The ex-dividend date of this dividend was Thursday, February 8th. This represents a $6.64 annualized dividend and a yield of 3.64%. International Business Machines's payout ratio is 81.67%.
International Business Machines Company Profile
(
Get Free Report)
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.
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