International Business Machines (NYSE:IBM) Trading 0.5% Higher

International Business Machines Co. (NYSE:IBM - Get Free Report) shares were up 0.5% on Friday . The company traded as high as $168.07 and last traded at $167.02. Approximately 512,411 shares were traded during trading, a decline of 89% from the average daily volume of 4,877,214 shares. The stock had previously closed at $166.27.

Analyst Ratings Changes

A number of research firms have recently issued reports on IBM. Bank of America raised their price target on International Business Machines from $200.00 to $220.00 and gave the stock a "buy" rating in a research note on Thursday, March 14th. BMO Capital Markets dropped their price objective on shares of International Business Machines from $210.00 to $190.00 and set a "market perform" rating on the stock in a report on Thursday, April 25th. Sanford C. Bernstein upped their target price on shares of International Business Machines from $165.00 to $186.00 and gave the company a "market perform" rating in a report on Thursday, March 7th. Evercore ISI upgraded shares of International Business Machines from an "in-line" rating to an "outperform" rating and lifted their price target for the stock from $165.00 to $200.00 in a research note on Friday, January 19th. Finally, Morgan Stanley reduced their price objective on International Business Machines from $186.00 to $179.00 and set an "equal weight" rating for the company in a research note on Friday, April 26th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $181.29.

International Business Machines Trading Up 0.5 %

The company has a quick ratio of 1.09, a current ratio of 1.13 and a debt-to-equity ratio of 2.32. The firm has a market capitalization of $153.54 billion, a PE ratio of 18.89, a price-to-earnings-growth ratio of 4.08 and a beta of 0.74. The company's 50-day simple moving average is $184.43 and its 200 day simple moving average is $171.83.

International Business Machines (NYSE:IBM - Get Free Report) last posted its earnings results on Tuesday, April 30th. The technology company reported $1.68 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.59 by $0.09. The company had revenue of $14.46 billion during the quarter, compared to the consensus estimate of $14.53 billion. International Business Machines had a net margin of 13.18% and a return on equity of 40.21%. The firm's quarterly revenue was up 1.5% on a year-over-year basis. During the same period in the previous year, the firm posted $1.36 earnings per share. As a group, sell-side analysts expect that International Business Machines Co. will post 9.92 EPS for the current year.

International Business Machines Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Friday, May 10th will be issued a $1.67 dividend. This is a positive change from International Business Machines's previous quarterly dividend of $1.66. This represents a $6.68 annualized dividend and a yield of 4.00%. The ex-dividend date is Thursday, May 9th. International Business Machines's dividend payout ratio (DPR) is presently 75.65%.

Institutional Investors Weigh In On International Business Machines

Several institutional investors have recently bought and sold shares of IBM. FPC Investment Advisory Inc. purchased a new stake in shares of International Business Machines during the first quarter worth approximately $26,000. Naples Money Management LLC acquired a new stake in shares of International Business Machines in the fourth quarter valued at about $28,000. Creekmur Asset Management LLC acquired a new position in International Business Machines during the fourth quarter worth about $29,000. Briaud Financial Planning Inc purchased a new position in International Business Machines in the 3rd quarter worth approximately $31,000. Finally, Ables Iannone Moore & Associates Inc. purchased a new position in International Business Machines during the fourth quarter worth approximately $31,000. 58.96% of the stock is currently owned by institutional investors and hedge funds.

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.

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