International Business Machines (NYSE:IBM) Trading Up 0.1%

International Business Machines Co. (NYSE:IBM) was up 0.1% during mid-day trading on Monday . The stock traded as high as $169.35 and last traded at $169.25. Approximately 421,689 shares changed hands during mid-day trading, a decline of 91% from the average daily volume of 4,761,808 shares. The stock had previously closed at $169.03.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on IBM shares. Morgan Stanley reduced their price target on shares of International Business Machines from $186.00 to $179.00 and set an “equal weight” rating on the stock in a report on Friday, April 26th. JPMorgan Chase & Co. cut their price objective on shares of International Business Machines from $190.00 to $185.00 and set a “neutral” rating for the company in a research report on Thursday, April 25th. Royal Bank of Canada reissued an “outperform” rating and issued a $200.00 price objective on shares of International Business Machines in a research report on Wednesday. Sanford C. Bernstein boosted their price objective 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, BNP Paribas started coverage on shares of International Business Machines in a research note on Thursday, May 2nd. They set an “underperform” rating and a $145.00 price objective for the company. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, International Business Machines presently has an average rating of “Hold” and an average price target of $181.29.

International Business Machines Stock Performance

The company has a debt-to-equity ratio of 2.32, a quick ratio of 1.09 and a current ratio of 1.13. The stock’s fifty day moving average is $180.44 and its two-hundred day moving average is $173.73. The firm has a market cap of $159.55 billion, a price-to-earnings ratio of 19.69, a PEG ratio of 4.19 and a beta of 0.74.

International Business Machines (NYSE:IBM) last released its quarterly earnings data on Tuesday, April 30th. The technology company reported $1.68 earnings per share for the quarter, topping analysts’ consensus estimates of $1.59 by $0.09. The business had revenue of $14.46 billion for the quarter, compared to analysts’ expectations of $14.53 billion. International Business Machines had a net margin of 13.18% and a return on equity of 40.21%. The company’s revenue for the quarter was up 1.5% compared to the same quarter last year. During the same quarter last year, the company earned $1.36 EPS. On average, analysts expect that International Business Machines Co. will post 9.91 earnings per share for the current fiscal year.

International Business Machines Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Friday, May 10th will be given a dividend of $1.67 per share. This is a positive change from International Business Machines’s previous quarterly dividend of $1.66. The ex-dividend date of this dividend is Thursday, May 9th. This represents a $6.68 annualized dividend and a dividend yield of 3.85%. International Business Machines’s dividend payout ratio (DPR) is 75.65%.

Hedge Funds Weigh In On International Business Machines

Large investors have recently made changes to their positions in the business. FPC Investment Advisory Inc. acquired a new position in shares of International Business Machines in the first quarter worth about $26,000. Naples Money Management LLC acquired a new position in shares of International Business Machines in the fourth quarter worth about $28,000. ESL Trust Services LLC acquired a new position in shares of International Business Machines in the first quarter worth about $28,000. Creekmur Asset Management LLC purchased a new stake in shares of International Business Machines in the fourth quarter worth approximately $29,000. Finally, Briaud Financial Planning Inc purchased a new stake in shares of International Business Machines in the third quarter worth approximately $31,000. 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.