International Business Machines Co. (NYSE:IBM – Get Free Report)’s stock price dropped 0.1% on Thursday . The stock traded as low as $222.55 and last traded at $224.09. Approximately 318,516 shares changed hands during mid-day trading, a decline of 92% from the average daily volume of 4,223,509 shares. The stock had previously closed at $224.41.
Analyst Ratings Changes
Several analysts have commented on the stock. Bank of America lifted their price objective on shares of International Business Machines from $209.00 to $250.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. Stifel Nicolaus boosted their target price on shares of International Business Machines from $205.00 to $246.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. The Goldman Sachs Group increased their price target on International Business Machines from $220.00 to $250.00 and gave the stock a “buy” rating in a research report on Monday, September 30th. Evercore ISI boosted their price objective on International Business Machines from $215.00 to $240.00 and gave the company an “outperform” rating in a report on Wednesday, September 11th. Finally, Jefferies Financial Group raised their target price on International Business Machines from $200.00 to $245.00 and gave the stock a “hold” rating in a report on Monday, October 21st. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, International Business Machines currently has a consensus rating of “Hold” and a consensus price target of $208.94.
Read Our Latest Stock Report on IBM
International Business Machines Trading Up 0.2 %
International Business Machines (NYSE:IBM – Get Free Report) last posted its quarterly earnings data on Wednesday, October 23rd. The technology company reported $2.30 EPS for the quarter, topping the consensus estimate of $2.27 by $0.03. The company had revenue of $14.97 billion during the quarter, compared to analyst estimates of $15.08 billion. International Business Machines had a return on equity of 40.52% and a net margin of 10.22%. International Business Machines’s quarterly revenue was up 1.5% on a year-over-year basis. During the same period in the previous year, the business earned $2.20 EPS. Equities analysts expect that International Business Machines Co. will post 10.12 EPS for the current fiscal year.
International Business Machines Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Tuesday, November 12th were paid a dividend of $1.67 per share. The ex-dividend date of this dividend was Tuesday, November 12th. This represents a $6.68 annualized dividend and a yield of 2.97%. International Business Machines’s dividend payout ratio (DPR) is presently 97.23%.
Insider Activity
In related news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of the stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $215.20, for a total value of $774,720.00. Following the completion of the transaction, the senior vice president now directly owns 25,390 shares in the company, valued at approximately $5,463,928. This represents a 12.42 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.07% of the company’s stock.
Institutional Inflows and Outflows
A number of large investors have recently bought and sold shares of the stock. Lantz Financial LLC lifted its stake in International Business Machines by 0.9% during the second quarter. Lantz Financial LLC now owns 11,935 shares of the technology company’s stock worth $2,064,000 after purchasing an additional 107 shares in the last quarter. F M Investments LLC purchased a new position in International Business Machines during the 2nd quarter valued at about $7,686,000. Modera Wealth Management LLC grew its position in International Business Machines by 1.1% in the 2nd quarter. Modera Wealth Management LLC now owns 19,499 shares of the technology company’s stock valued at $3,372,000 after acquiring an additional 205 shares in the last quarter. Golden State Equity Partners purchased a new stake in International Business Machines during the second quarter worth about $2,028,000. Finally, Arjuna Capital lifted its position in shares of International Business Machines by 1.4% during the second quarter. Arjuna Capital now owns 7,650 shares of the technology company’s stock worth $1,323,000 after purchasing an additional 105 shares in the last quarter. Institutional investors and hedge funds own 58.96% of the company’s stock.
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.
Featured Articles
- Five stocks we like better than International Business Machines
- What is the S&P/TSX Index?
- Top 3 Investment Themes to Watch for in 2025
- 3 Stocks to Protect Your Portfolio from the Coronavirus Contagion
- Mega Buybacks in 2025: Why These 3 Leading Stocks Are Buys
- Best Stocks Under $5.00
- AMD vs. NVIDIA: The Better Semiconductor Bet for 2025
Receive News & Ratings for International Business Machines Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for International Business Machines and related companies with MarketBeat.com's FREE daily email newsletter.