International Business Machines (NYSE:IBM) Trading 0.2% Higher

International Business Machines Co. (NYSE:IBM) shares traded up 0.2% on Thursday . The stock traded as high as $183.41 and last traded at $183.38. 740,875 shares were traded during trading, a decline of 84% from the average session volume of 4,773,978 shares. The stock had previously closed at $183.10.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Bank of America upped their target price on shares of International Business Machines from $200.00 to $220.00 and gave the stock a “buy” rating in a research report on Thursday, March 14th. Evercore raised shares of International Business Machines from an “in-line” rating to an “outperform” rating and upped their price objective for the company from $165.00 to $200.00 in a research note on Friday, January 19th. Jefferies Financial Group initiated coverage on shares of International Business Machines in a research note on Friday, January 5th. They set a “hold” rating and a $180.00 price target on the stock. Sanford C. Bernstein increased their price target on shares of International Business Machines from $165.00 to $186.00 and gave the stock a “market perform” rating in a research note on Thursday, March 7th. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $190.00 price objective on shares of International Business Machines in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $178.67.

International Business Machines Price Performance

The company has a quick ratio of 0.93, a current ratio of 0.96 and a debt-to-equity ratio of 2.22. The stock has a market capitalization of $166.51 billion, a PE ratio of 22.34, a P/E/G ratio of 3.57 and a beta of 0.70. The stock’s 50-day moving average is $188.46 and its 200 day moving average is $168.91.

International Business Machines (NYSE:IBM) last posted its earnings results on Wednesday, January 24th. The technology company reported $3.87 EPS for the quarter, topping the consensus estimate of $3.78 by $0.09. The company had revenue of $17.38 billion during the quarter, compared to the consensus estimate of $17.29 billion. International Business Machines had a net margin of 12.13% and a return on equity of 39.55%. The company’s revenue for the quarter was up 4.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.60 earnings per share. As a group, equities analysts predict that International Business Machines Co. will post 10.04 earnings per share for the current year.

International Business Machines Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Saturday, March 9th. Investors of record on Friday, February 9th were issued a dividend of $1.66 per share. This represents a $6.64 annualized dividend and a dividend yield of 3.66%. The ex-dividend date of this dividend was Thursday, February 8th. International Business Machines’s dividend payout ratio is currently 81.67%.

Institutional Trading of International Business Machines

Several large investors have recently modified their holdings of IBM. Cantor Fitzgerald Investment Advisor L.P raised its stake in International Business Machines by 97.6% during the 1st quarter. Cantor Fitzgerald Investment Advisor L.P now owns 257,335 shares of the technology company’s stock valued at $33,459,000 after purchasing an additional 127,093 shares during the last quarter. Roundview Capital LLC acquired a new position in shares of International Business Machines in the 1st quarter valued at $203,000. Sei Investments Co. raised its stake in shares of International Business Machines by 35.7% in the 1st quarter. Sei Investments Co. now owns 177,599 shares of the technology company’s stock valued at $23,157,000 after buying an additional 46,756 shares in the last quarter. Candriam Luxembourg S.C.A. raised its stake in shares of International Business Machines by 1.9% in the 1st quarter. Candriam Luxembourg S.C.A. now owns 95,662 shares of the technology company’s stock valued at $12,438,000 after buying an additional 1,821 shares in the last quarter. Finally, Baird Financial Group Inc. raised its stake in shares of International Business Machines by 1.5% in the 1st quarter. Baird Financial Group Inc. now owns 382,232 shares of the technology company’s stock valued at $49,698,000 after buying an additional 5,506 shares in the last quarter. 58.96% of the stock is 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.