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

International Business Machines Co. (NYSE:IBM - Get Free Report) shares fell 0.2% during mid-day trading on Thursday . The stock traded as low as $172.80 and last traded at $173.27. 481,326 shares were traded during trading, a decline of 90% from the average session volume of 4,744,346 shares. The stock had previously closed at $173.69.

Analyst Ratings Changes

Several research firms have issued reports on IBM. Morgan Stanley decreased 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. BMO Capital Markets decreased their price objective on shares of International Business Machines from $210.00 to $190.00 and set a "market perform" rating on the stock in a report on Thursday, April 25th. Jefferies Financial Group decreased their price objective on shares of International Business Machines from $215.00 to $210.00 and set a "hold" rating on the stock in a report on Tuesday, April 23rd. Stifel Nicolaus reaffirmed a "buy" rating and set a $190.00 price objective on shares of International Business Machines in a report on Thursday, May 16th. Finally, Royal Bank of Canada reissued an "outperform" rating and issued a $200.00 price target on shares of International Business Machines in a research note on Wednesday. Three investment 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. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $181.29.

International Business Machines Trading Down 1.7 %

The stock has a market capitalization of $156.81 billion, a price-to-earnings ratio of 19.33, a PEG ratio of 4.27 and a beta of 0.74. The company's 50-day moving average is $179.53 and its 200-day moving average is $173.71. The company has a quick ratio of 1.09, a current ratio of 1.13 and a debt-to-equity ratio of 2.32.

International Business Machines (NYSE:IBM - Get Free Report) last released its quarterly earnings data on Tuesday, April 30th. The technology company reported $1.68 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $14.46 billion during the quarter, compared to analysts' expectations of $14.53 billion. During the same period last year, the business earned $1.36 earnings per share. International Business Machines's revenue was up 1.5% compared to the same quarter last year. Research analysts anticipate that International Business Machines Co. will post 9.91 earnings per share for the current fiscal year.

International Business Machines Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Friday, May 10th will be given a dividend of $1.67 per share. The ex-dividend date is Thursday, May 9th. This is a boost 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 3.91%. International Business Machines's dividend payout ratio (DPR) is currently 75.65%.

Institutional Investors Weigh In On International Business Machines

A number of institutional investors have recently made changes to their positions in IBM. WealthPlan Investment Management LLC boosted its stake in shares of International Business Machines by 220,760.0% in the third quarter. WealthPlan Investment Management LLC now owns 44,172 shares of the technology company's stock valued at $6,197,000 after purchasing an additional 44,152 shares during the period. OVERSEA CHINESE BANKING Corp Ltd lifted its position in shares of International Business Machines by 210.8% during the 3rd quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 6,673 shares of the technology company's stock worth $936,000 after buying an additional 4,526 shares during the last quarter. Corient Private Wealth LLC lifted its position in shares of International Business Machines by 4.0% during the 3rd quarter. Corient Private Wealth LLC now owns 375,461 shares of the technology company's stock worth $52,680,000 after buying an additional 14,271 shares during the last quarter. Signaturefd LLC lifted its position in shares of International Business Machines by 18.4% during the 3rd quarter. Signaturefd LLC now owns 19,247 shares of the technology company's stock worth $2,700,000 after buying an additional 2,991 shares during the last quarter. Finally, Strategic Wealth Investment Group LLC lifted its position in shares of International Business Machines by 12.1% during the 3rd quarter. Strategic Wealth Investment Group LLC now owns 33,831 shares of the technology company's stock worth $4,747,000 after buying an additional 3,653 shares during the last quarter. 58.96% of the stock is currently owned by institutional investors and hedge funds.

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.