International Business Machines (NYSE:IBM) Stock Price Down 0.7%

International Business Machines Co. (NYSE:IBM)’s share price fell 0.7% on Wednesday . The company traded as low as $170.41 and last traded at $171.34. 462,896 shares traded hands during trading, a decline of 90% from the average session volume of 4,564,146 shares. The stock had previously closed at $172.60.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. BMO Capital Markets decreased their price target on shares of International Business Machines from $210.00 to $190.00 and set a “market perform” rating for the company in a research note on Thursday, April 25th. Sanford C. Bernstein upped their price target on International Business Machines from $165.00 to $186.00 and gave the company a “market perform” rating in a research report on Thursday, March 7th. Morgan Stanley lowered their price objective on International Business Machines from $186.00 to $179.00 and set an “equal weight” rating on the stock in a research note on Friday, April 26th. Royal Bank of Canada reissued an “outperform” rating and issued a $200.00 price target on shares of International Business Machines in a research report on Wednesday, May 22nd. Finally, Bank of America raised their price objective on shares of International Business Machines from $200.00 to $220.00 and gave the stock a “buy” rating in a report on Thursday, March 14th. Three research analysts have rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, International Business Machines has an average rating of “Hold” and an average price target of $182.53.

International Business Machines Price Performance

The company has a debt-to-equity ratio of 2.32, a current ratio of 1.13 and a quick ratio of 1.09. The firm has a market capitalization of $158.10 billion, a PE ratio of 19.39, a P/E/G ratio of 4.26 and a beta of 0.72. The business’s 50 day moving average is $170.56 and its two-hundred day moving average is $176.40.

International Business Machines (NYSE:IBM) last announced its quarterly earnings data on Tuesday, April 30th. The technology company reported $1.68 earnings per share for the quarter, beating analysts’ consensus estimates of $1.59 by $0.09. The company had revenue of $14.46 billion for the quarter, compared to analysts’ expectations of $14.53 billion. International Business Machines had a return on equity of 40.21% and a net margin of 13.18%. International Business Machines’s revenue for the quarter was up 1.5% compared to the same quarter last year. During the same period last year, the firm posted $1.36 EPS. As a group, research analysts anticipate that International Business Machines Co. will post 9.9 EPS for the current year.

International Business Machines Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 10th. Stockholders of record on Friday, May 10th were paid a dividend of $1.67 per share. 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 3.88%. The ex-dividend date was Thursday, May 9th. International Business Machines’s dividend payout ratio (DPR) is 75.65%.

Institutional Trading of International Business Machines

A number of institutional investors have recently made changes to their positions in IBM. FPC Investment Advisory Inc. bought a new stake in International Business Machines in the 1st quarter worth $26,000. Naples Money Management LLC purchased a new position in International Business Machines during the 4th quarter valued at about $28,000. ESL Trust Services LLC bought a new position in International Business Machines during the 1st quarter valued at approximately $28,000. Creekmur Asset Management LLC purchased a new stake in International Business Machines in the 4th quarter worth approximately $29,000. Finally, Ables Iannone Moore & Associates Inc. bought a new stake in shares of International Business Machines in the 4th quarter worth approximately $31,000. Hedge funds and other institutional investors 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.