International Business Machines (NYSE:IBM) Stock Price Up 0.4%

Shares of International Business Machines Co. (NYSE:IBM) rose 0.4% on Wednesday . The stock traded as high as $200.00 and last traded at $199.57. Approximately 527,000 shares changed hands during mid-day trading, a decline of 88% from the average daily volume of 4,235,613 shares. The stock had previously closed at $198.73.

Analyst Upgrades and Downgrades

A number of research firms recently commented on IBM. Jefferies Financial Group lifted their price objective on International Business Machines from $190.00 to $200.00 and gave the stock a “hold” rating in a research note on Thursday, July 25th. Hsbc Global Res raised shares of International Business Machines to a “moderate sell” rating in a research note on Friday, July 26th. BMO Capital Markets lifted their target price on shares of International Business Machines from $190.00 to $210.00 and gave the stock a “market perform” rating in a research note on Thursday, July 25th. The Goldman Sachs Group initiated coverage on shares of International Business Machines in a research report on Monday, June 24th. They set a “buy” rating and a $200.00 price target on the stock. Finally, Royal Bank of Canada lifted their price objective on International Business Machines from $200.00 to $211.00 and gave the stock an “outperform” rating in a research report on Thursday, July 25th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, International Business Machines has a consensus rating of “Hold” and a consensus target price of $184.93.

International Business Machines Stock Down 0.5 %

The firm has a market cap of $181.66 billion, a PE ratio of 22.60, a PEG ratio of 4.24 and a beta of 0.71. The company has a debt-to-equity ratio of 2.20, a quick ratio of 1.08 and a current ratio of 1.12. The company’s 50-day simple moving average is $184.36 and its two-hundred day simple moving average is $181.51.

International Business Machines (NYSE:IBM) last posted its earnings results on Wednesday, July 24th. The technology company reported $2.43 earnings per share for the quarter, topping analysts’ consensus estimates of $2.16 by $0.27. International Business Machines had a net margin of 13.52% and a return on equity of 40.59%. The company had revenue of $15.77 billion during the quarter, compared to analyst estimates of $15.62 billion. During the same period in the prior year, the business posted $2.18 earnings per share. International Business Machines’s revenue for the quarter was up 1.9% on a year-over-year basis. On average, analysts predict that International Business Machines Co. will post 10.06 earnings per share for the current fiscal year.

International Business Machines Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Friday, August 9th will be given a $1.67 dividend. This represents a $6.68 annualized dividend and a dividend yield of 3.38%. The ex-dividend date of this dividend is Friday, August 9th. International Business Machines’s dividend payout ratio is currently 75.65%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Arden Trust Co increased its stake in International Business Machines by 2.8% in the first quarter. Arden Trust Co now owns 1,973 shares of the technology company’s stock valued at $377,000 after purchasing an additional 54 shares during the last quarter. Armbruster Capital Management Inc. lifted its holdings in shares of International Business Machines by 2.3% during the 2nd quarter. Armbruster Capital Management Inc. now owns 2,500 shares of the technology company’s stock valued at $432,000 after acquiring an additional 56 shares in the last quarter. CVA Family Office LLC boosted its position in International Business Machines by 3.3% during the 2nd quarter. CVA Family Office LLC now owns 1,796 shares of the technology company’s stock worth $311,000 after purchasing an additional 57 shares during the period. Mill Creek Capital Advisors LLC increased its holdings in International Business Machines by 5.1% in the 2nd quarter. Mill Creek Capital Advisors LLC now owns 1,165 shares of the technology company’s stock valued at $201,000 after purchasing an additional 57 shares in the last quarter. Finally, Chicago Partners Investment Group LLC lifted its position in International Business Machines by 0.8% during the 4th quarter. Chicago Partners Investment Group LLC now owns 7,528 shares of the technology company’s stock worth $1,309,000 after acquiring an additional 58 shares in the last quarter. 58.96% of the stock is owned by hedge funds and other 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.