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

Shares of International Business Machines Co. (NYSE:IBM - Get Free Report) were down 0.2% during mid-day trading on Tuesday . The company traded as low as $167.12 and last traded at $167.17. Approximately 433,428 shares changed hands during mid-day trading, a decline of 91% from the average daily volume of 4,820,934 shares. The stock had previously closed at $167.56.

Analysts Set New Price Targets

A number of research firms recently commented on IBM. Stifel Nicolaus reaffirmed a "buy" rating and set a $190.00 target price on shares of International Business Machines in a report on Wednesday, April 17th. Evercore ISI upgraded shares of International Business Machines from an "in-line" rating to an "outperform" rating and boosted their target price for the company from $165.00 to $200.00 in a research report on Friday, January 19th. BNP Paribas started coverage on International Business Machines in a report on Thursday, May 2nd. They issued an "underperform" rating and a $145.00 price objective for the company. Wedbush lifted their price objective on shares of International Business Machines from $140.00 to $160.00 and gave the company a "neutral" rating in a report on Thursday, April 25th. Finally, Morgan Stanley reduced their price target on International Business Machines from $186.00 to $179.00 and set an "equal weight" rating for the company in a report on Friday, April 26th. Three investment 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. According to MarketBeat.com, International Business Machines has an average rating of "Hold" and an average target price of $181.29.

International Business Machines Price Performance

The firm has a market capitalization of $153.74 billion, a price-to-earnings ratio of 18.95, a PEG ratio of 4.11 and a beta of 0.74. The company has a debt-to-equity ratio of 2.32, a current ratio of 1.13 and a quick ratio of 1.09. The stock has a 50 day moving average price of $183.50 and a two-hundred day moving average price of $172.69.

International Business Machines (NYSE:IBM - Get Free Report) last announced its earnings results on Tuesday, April 30th. The technology company reported $1.68 earnings per share for the quarter, topping the consensus estimate of $1.59 by $0.09. The firm had revenue of $14.46 billion for 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 revenue for the quarter was up 1.5% on a year-over-year basis. During the same period in the prior year, the firm earned $1.36 EPS. As a group, analysts expect that International Business Machines Co. will post 9.92 EPS for the current year.

International Business Machines Increases Dividend

The company also recently declared 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 yield of 3.99%. The ex-dividend date of this dividend is Thursday, May 9th. This is a boost from International Business Machines's previous quarterly dividend of $1.66. International Business Machines's payout ratio is 75.65%.

Hedge Funds Weigh In On International Business Machines

A number of institutional investors and hedge funds have recently modified their holdings of IBM. Vontobel Holding Ltd. boosted its position in shares of International Business Machines by 20.3% in the 4th quarter. Vontobel Holding Ltd. now owns 477,193 shares of the technology company's stock valued at $78,045,000 after purchasing an additional 80,474 shares during the period. Natixis Advisors L.P. increased its position in International Business Machines by 18.1% in the 3rd quarter. Natixis Advisors L.P. now owns 372,307 shares of the technology company's stock valued at $52,235,000 after acquiring an additional 57,170 shares during the period. Herold Advisors Inc. increased its holdings in shares of International Business Machines by 3.2% in the third quarter. Herold Advisors Inc. now owns 21,880 shares of the technology company's stock valued at $3,070,000 after purchasing an additional 688 shares during the period. Tsfg LLC increased its stake in International Business Machines by 40.5% in the 4th quarter. Tsfg LLC now owns 378 shares of the technology company's stock valued at $62,000 after buying an additional 109 shares during the period. Finally, Auxano Advisors LLC lifted its stake in shares of International Business Machines by 4.8% in the 4th quarter. Auxano Advisors LLC now owns 3,398 shares of the technology company's stock worth $556,000 after acquiring an additional 156 shares during the period. Institutional investors and hedge funds 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.