International Business Machines (NYSE:IBM) Shares Down 0.1% on Analyst Downgrade

International Business Machines Co. (NYSE:IBM - Get Free Report) traded down 0.1% during mid-day trading on Monday after Morgan Stanley lowered their price target on the stock from $186.00 to $179.00. Morgan Stanley currently has an equal weight rating on the stock. International Business Machines traded as low as $166.57 and last traded at $166.93. 930,909 shares traded hands during trading, a decline of 81% from the average session volume of 4,955,881 shares. The stock had previously closed at $167.13.

Other analysts also recently issued research reports about the stock. Wedbush raised their price objective on shares of International Business Machines from $140.00 to $160.00 and gave the stock a "neutral" rating in a report on Thursday. Royal Bank of Canada raised their price objective on shares of International Business Machines from $179.00 to $200.00 and gave the company an "outperform" rating in a research report on Thursday, January 25th. StockNews.com lowered shares of International Business Machines from a "buy" rating to a "hold" rating in a research report on Tuesday, April 23rd. Bank of America lifted their target price on shares of International Business Machines from $200.00 to $220.00 and gave the company a "buy" rating in a research report on Thursday, March 14th. Finally, Societe Generale reiterated a "sell" rating and set a $143.00 target price on shares of International Business Machines in a research report on Friday, January 5th. Two 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 stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $184.08.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Naples Money Management LLC bought a new position in International Business Machines in the 4th quarter worth about $28,000. Creekmur Asset Management LLC bought a new position in International Business Machines in the 4th quarter worth about $29,000. Ables Iannone Moore & Associates Inc. bought a new position in International Business Machines in the 4th quarter worth about $31,000. Financial Synergies Wealth Advisors Inc. boosted its stake in International Business Machines by 164.0% in the 1st quarter. Financial Synergies Wealth Advisors Inc. now owns 198 shares of the technology company's stock worth $38,000 after purchasing an additional 123 shares in the last quarter. Finally, American Capital Advisory LLC boosted its stake in International Business Machines by 75.0% in the 1st quarter. American Capital Advisory LLC now owns 203 shares of the technology company's stock worth $39,000 after purchasing an additional 87 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 company has a market cap of $153.56 billion, a P/E ratio of 18.97, a PEG ratio of 4.08 and a beta of 0.70. The stock's 50 day moving average is $187.19 and its 200-day moving average is $170.72. The company has a current ratio of 1.13, a quick ratio of 1.09 and a debt-to-equity ratio of 2.32.

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 for the quarter, topping analysts' consensus estimates 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 business had revenue of $14.46 billion during the quarter, compared to analyst estimates of $14.53 billion. During the same quarter in the previous year, the firm earned $1.36 EPS. International Business Machines's revenue was up 1.5% on a year-over-year basis. Research analysts anticipate that International Business Machines Co. will post 9.99 earnings per share for the current fiscal year.

International Business Machines Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Saturday, March 9th. Investors of record on Friday, February 9th were issued a $1.66 dividend. This represents a $6.64 annualized dividend and a yield of 3.96%. The ex-dividend date was Thursday, February 8th. International Business Machines's dividend payout ratio is 75.20%.

About International Business Machines

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.