International Business Machines (NYSE:IBM) Trading 0.2% Higher

International Business Machines Co. (NYSE:IBM - Get Free Report)'s share price traded up 0.2% on Wednesday . The company traded as high as $173.87 and last traded at $173.74. 482,690 shares changed hands during trading, a decline of 90% from the average session volume of 4,758,630 shares. The stock had previously closed at $173.47.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. JPMorgan Chase & Co. decreased their price target on shares of International Business Machines from $190.00 to $185.00 and set a "neutral" rating for the company in a research report on Thursday, April 25th. Jefferies Financial Group decreased their price target on shares of International Business Machines from $215.00 to $210.00 and set a "hold" rating for the company in a research report on Tuesday, April 23rd. Royal Bank of Canada reaffirmed an "outperform" rating and set a $200.00 price target on shares of International Business Machines in a research report on Wednesday. BMO Capital Markets decreased their price target on shares of International Business Machines from $210.00 to $190.00 and set a "market perform" rating for the company in a research report on Thursday, April 25th. Finally, 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 report on Friday, April 26th. Three research 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. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $181.29.

International Business Machines Trading Up 0.1 %

The company has a debt-to-equity ratio of 2.32, a quick ratio of 1.09 and a current ratio of 1.13. The business's 50 day moving average price is $180.44 and its 200-day moving average price is $173.73. The firm has a market cap of $159.56 billion, a price-to-earnings ratio of 19.69, a price-to-earnings-growth ratio of 4.19 and a beta of 0.74.

International Business Machines (NYSE:IBM - Get Free Report) last announced its quarterly earnings data on Tuesday, April 30th. The technology company reported $1.68 earnings per share for the quarter, beating analysts' consensus estimates of $1.59 by $0.09. International Business Machines had a net margin of 13.18% and a return on equity of 40.21%. The business had revenue of $14.46 billion during the quarter, compared to the consensus estimate of $14.53 billion. During the same quarter in the prior year, the firm earned $1.36 EPS. The company's revenue for the quarter was up 1.5% compared to the same quarter last year. Equities analysts expect that International Business Machines Co. will post 9.91 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. Investors of record on Friday, May 10th will be given a dividend of $1.67 per share. This represents a $6.68 dividend on an annualized basis and a dividend yield of 3.85%. The ex-dividend date 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 currently 75.65%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. FPC Investment Advisory Inc. bought a new position in International Business Machines in the 1st quarter worth about $26,000. ESL Trust Services LLC bought a new position in shares of International Business Machines in the first quarter valued at approximately $28,000. Naples Money Management LLC bought a new position in shares of International Business Machines in the fourth quarter valued at approximately $28,000. Creekmur Asset Management LLC bought a new position in shares of International Business Machines in the fourth quarter valued at approximately $29,000. Finally, Ables Iannone Moore & Associates Inc. bought a new position in shares of International Business Machines in the fourth quarter valued at approximately $31,000. 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.