International Business Machines (NYSE:IBM) Stock Price Down 0.5%

International Business Machines Co. (NYSE:IBM - Get Free Report) was down 0.5% on Wednesday . The company traded as low as $164.43 and last traded at $165.36. Approximately 911,126 shares changed hands during trading, a decline of 82% from the average daily volume of 4,973,212 shares. The stock had previously closed at $166.20.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on IBM shares. Wedbush raised their price objective on International Business Machines from $140.00 to $160.00 and gave the company a "neutral" rating in a report on Thursday, April 25th. Societe Generale reissued a "sell" rating and set a $143.00 price objective on shares of International Business Machines in a report on Friday, January 5th. Bank of America raised their price objective on International Business Machines from $200.00 to $220.00 and gave the company a "buy" rating in a report on Thursday, March 14th. Jefferies Financial Group decreased their price target on International Business Machines from $215.00 to $210.00 and set a "hold" rating on the stock in a research note on Tuesday, April 23rd. Finally, Evercore ISI raised 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. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $184.08.

International Business Machines Trading Down 1.1 %

The stock has a market capitalization of $150.68 billion, a P/E ratio of 18.61, a price-to-earnings-growth ratio of 4.10 and a beta of 0.70. The stock has a 50-day moving average price of $186.54 and a two-hundred day moving average price of $170.87. The company has a debt-to-equity ratio of 2.32, a quick ratio of 1.09 and a current ratio of 1.13.

International Business Machines (NYSE:IBM - Get Free Report) last issued its quarterly earnings data 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. The firm had revenue of $14.46 billion for the quarter, compared to analyst estimates of $14.53 billion. International Business Machines had a return on equity of 40.21% and a net margin of 13.18%. The business's quarterly revenue was up 1.5% compared to the same quarter last year. During the same period last year, the company earned $1.36 EPS. On average, research analysts forecast that International Business Machines Co. will post 9.98 EPS for the current fiscal year.

International Business Machines Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Friday, May 10th will be given 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 dividend on an annualized basis and a dividend yield of 4.06%. International Business Machines's dividend payout ratio (DPR) is currently 75.20%.

Institutional Investors Weigh In On International Business Machines

Hedge funds have recently made changes to their positions in the company. Naples Money Management LLC bought a new stake in shares of International Business Machines during the fourth quarter valued at approximately $28,000. Creekmur Asset Management LLC bought a new stake in International Business Machines in the fourth quarter worth $29,000. Briaud Financial Planning Inc bought a new stake in International Business Machines in the third quarter worth $31,000. Ables Iannone Moore & Associates Inc. bought a new stake in International Business Machines in the fourth quarter worth $31,000. Finally, Stone House Investment Management LLC boosted its holdings in International Business Machines by 971.4% in the third quarter. Stone House Investment Management LLC now owns 225 shares of the technology company's stock worth $32,000 after acquiring an additional 204 shares in the last quarter. 58.96% of the stock is currently owned by 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.