International Business Machines (NYSE:IBM) Shares Up 0.2%

Shares of International Business Machines Co. (NYSE:IBM - Get Free Report) were up 0.2% during mid-day trading on Monday . The stock traded as high as $168.06 and last traded at $167.44. Approximately 516,967 shares traded hands during trading, a decline of 89% from the average daily volume of 4,848,095 shares. The stock had previously closed at $167.15.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. Evercore ISI raised International Business Machines from an "in-line" rating to an "outperform" rating and raised their price objective for the company from $165.00 to $200.00 in a research report on Friday, January 19th. Morgan Stanley cut their price objective on shares of International Business Machines from $186.00 to $179.00 and set an "equal weight" rating on the stock in a research report on Friday, April 26th. Royal Bank of Canada increased their price target on shares of International Business Machines from $179.00 to $200.00 and gave the company an "outperform" rating in a report on Thursday, January 25th. Evercore upgraded International Business Machines from an "in-line" rating to an "outperform" rating and increased their target price for the company from $165.00 to $200.00 in a research note on Friday, January 19th. Finally, JPMorgan Chase & Co. lowered their price target on International Business Machines from $190.00 to $185.00 and set a "neutral" rating on the stock in a report on Thursday, April 25th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat.com, International Business Machines currently has a consensus rating of "Hold" and an average price target of $181.29.

International Business Machines Stock Performance

The company has a current ratio of 1.13, a quick ratio of 1.09 and a debt-to-equity ratio of 2.32. The company has a market cap of $153.89 billion, a P/E ratio of 18.96, a PEG ratio of 4.11 and a beta of 0.74. The business's 50 day simple moving average is $184.01 and its 200 day simple moving average is $172.53.

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

International Business Machines Increases Dividend

The business 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 dividend of $1.67 per share. This represents a $6.68 annualized dividend and a dividend yield of 3.99%. The ex-dividend date of this dividend is Thursday, May 9th. This is an increase from International Business Machines's previous quarterly dividend of $1.66. International Business Machines's dividend payout ratio is 75.65%.

Institutional Trading of International Business Machines

Several hedge funds have recently modified their holdings of the company. FPC Investment Advisory Inc. bought a new stake in shares of International Business Machines in the 1st quarter worth about $26,000. Naples Money Management LLC bought a new position in shares of International Business Machines during the 4th quarter valued at approximately $28,000. ESL Trust Services LLC bought a new stake in International Business Machines in the first quarter worth $28,000. Creekmur Asset Management LLC bought a new position in International Business Machines during the fourth quarter valued at $29,000. Finally, Briaud Financial Planning Inc bought a new stake in shares of International Business Machines in the 3rd quarter worth about $31,000. 58.96% of the stock is owned by hedge funds and other institutional investors.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.