International Business Machines (NYSE:IBM) Trading Down 0% – Here’s Why

International Business Machines Co. (NYSE:IBM)’s share price was down 0% during mid-day trading on Tuesday . The stock traded as low as $259.83 and last traded at $261.22. Approximately 870,185 shares were traded during mid-day trading, a decline of 81% from the average daily volume of 4,621,599 shares. The stock had previously closed at $261.28.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Oppenheimer initiated coverage on International Business Machines in a report on Tuesday, February 11th. They set an “outperform” rating and a $320.00 price objective on the stock. JPMorgan Chase & Co. upped their price target on shares of International Business Machines from $233.00 to $244.00 and gave the company a “neutral” rating in a report on Thursday, January 30th. Bank of America raised their price objective on shares of International Business Machines from $260.00 to $270.00 and gave the stock a “buy” rating in a report on Thursday, January 30th. StockNews.com raised shares of International Business Machines from a “hold” rating to a “buy” rating in a research note on Wednesday, February 5th. Finally, BMO Capital Markets lifted their price target on International Business Machines from $260.00 to $280.00 and gave the company a “market perform” rating in a research note on Thursday, January 30th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $231.44.

International Business Machines Stock Up 0.2 %

The company has a current ratio of 1.04, a quick ratio of 1.00 and a debt-to-equity ratio of 1.82. The firm’s 50 day moving average price is $234.00 and its two-hundred day moving average price is $220.96. The company has a market capitalization of $244.89 billion, a price-to-earnings ratio of 41.32, a price-to-earnings-growth ratio of 5.77 and a beta of 0.76.

International Business Machines (NYSE:IBM) last announced its quarterly earnings results on Wednesday, January 29th. The technology company reported $3.92 earnings per share for the quarter, topping analysts’ consensus estimates of $3.77 by $0.15. International Business Machines had a return on equity of 38.99% and a net margin of 9.60%. Sell-side analysts anticipate that International Business Machines Co. will post 10.77 earnings per share for the current fiscal year.

International Business Machines Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Monday, February 10th will be given a $1.67 dividend. This represents a $6.68 annualized dividend and a dividend yield of 2.52%. The ex-dividend date of this dividend is Monday, February 10th. International Business Machines’s payout ratio is presently 104.21%.

Institutional Trading of International Business Machines

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Capital World Investors grew its holdings in International Business Machines by 413.5% in the 4th quarter. Capital World Investors now owns 11,984,609 shares of the technology company’s stock valued at $2,634,577,000 after buying an additional 9,650,534 shares in the last quarter. Norges Bank acquired a new position in shares of International Business Machines in the fourth quarter valued at about $1,236,176,000. International Assets Investment Management LLC increased its position in International Business Machines by 20,324.5% during the third quarter. International Assets Investment Management LLC now owns 2,715,636 shares of the technology company’s stock worth $600,373,000 after acquiring an additional 2,702,340 shares during the period. Raymond James Financial Inc. bought a new stake in International Business Machines in the 4th quarter valued at about $592,746,000. Finally, Holocene Advisors LP acquired a new position in shares of International Business Machines during the 3rd quarter worth approximately $573,306,000. Institutional investors own 58.96% of the company’s stock.

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.