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

Shares of International Business Machines Co. (NYSE:IBM) traded up 0.2% during trading on Tuesday . The stock traded as high as $169.29 and last traded at $168.87. 636,756 shares were traded during trading, a decline of 87% from the average session volume of 4,919,892 shares. The stock had previously closed at $168.61.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on IBM shares. Evercore ISI upgraded shares of International Business Machines from an “in-line” rating to an “outperform” rating and upped their price target for the stock from $165.00 to $200.00 in a research report on Friday, January 19th. Sanford C. Bernstein upped their price objective on International Business Machines from $165.00 to $186.00 and gave the stock a “market perform” rating in a report on Thursday, March 7th. Evercore upgraded International Business Machines from an “in-line” rating to an “outperform” rating and lifted their price objective for the stock from $165.00 to $200.00 in a research report on Friday, January 19th. StockNews.com lowered shares of International Business Machines from a “buy” rating to a “hold” rating in a research note on Wednesday, May 1st. Finally, Jefferies Financial Group dropped 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 note on Tuesday, April 23rd. Three analysts have rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $181.29.

International Business Machines Stock Down 0.1 %

The company has a quick ratio of 1.09, a current ratio of 1.13 and a debt-to-equity ratio of 2.32. The stock has a market cap of $154.67 billion, a P/E ratio of 19.12, a price-to-earnings-growth ratio of 4.08 and a beta of 0.74. The firm has a 50 day simple moving average of $185.44 and a 200-day simple moving average of $171.66.

International Business Machines (NYSE:IBM) last posted its quarterly earnings results on Tuesday, April 30th. The technology company reported $1.68 EPS 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 company had revenue of $14.46 billion during the quarter, compared to analysts’ expectations 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. On average, equities research analysts forecast that International Business Machines Co. will post 9.92 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. Stockholders of record on Friday, May 10th will be issued a dividend of $1.67 per share. The ex-dividend date of this dividend is Thursday, May 9th. This is an increase from International Business Machines’s previous quarterly dividend of $1.66. This represents a $6.68 annualized dividend and a dividend yield of 3.97%. International Business Machines’s dividend payout ratio is 75.20%.

Institutional Trading of International Business Machines

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Tectonic Advisors LLC grew its holdings in International Business Machines by 1.1% during the 1st quarter. Tectonic Advisors LLC now owns 37,532 shares of the technology company’s stock worth $7,167,000 after acquiring an additional 395 shares during the last quarter. Bernardo Wealth Planning LLC bought a new position in International Business Machines during the 1st quarter worth $222,000. Illinois Municipal Retirement Fund lifted its holdings in International Business Machines by 22.3% during the 1st quarter. Illinois Municipal Retirement Fund now owns 64,019 shares of the technology company’s stock worth $12,225,000 after buying an additional 11,672 shares during the period. Capital Wealth Planning LLC grew its position in shares of International Business Machines by 37.2% in the 1st quarter. Capital Wealth Planning LLC now owns 1,450,768 shares of the technology company’s stock valued at $277,039,000 after buying an additional 393,680 shares during the last quarter. Finally, Nelson Capital Management LLC bought a new position in shares of International Business Machines during the first quarter worth about $266,000. 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.