International Business Machines (NYSE:IBM) Trading Down 0.9%

International Business Machines Co. (NYSE:IBM)’s share price dropped 0.9% during mid-day trading on Tuesday . The company traded as low as $175.75 and last traded at $175.98. Approximately 590,507 shares were traded during trading, a decline of 87% from the average daily volume of 4,455,511 shares. The stock had previously closed at $177.64.

Wall Street Analyst Weigh In

IBM has been the subject of a number of research reports. Morgan Stanley dropped their target price on shares of International Business Machines from $186.00 to $179.00 and set an “equal weight” rating for the company in a report on Friday, April 26th. Wedbush upped their target price on shares of International Business Machines from $140.00 to $160.00 and gave the stock a “neutral” rating in a report on Thursday, April 25th. UBS Group boosted their price target on shares of International Business Machines from $125.00 to $130.00 and gave the company a “sell” rating in a research report on Monday, April 22nd. StockNews.com raised shares of International Business Machines from a “hold” rating to a “buy” rating in a research report on Wednesday, June 19th. Finally, BMO Capital Markets lowered their price target on shares of International Business Machines from $210.00 to $190.00 and set a “market perform” rating on the stock in a research report on Thursday, April 25th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, International Business Machines currently has a consensus rating of “Hold” and an average price target of $182.53.

International Business Machines Stock Performance

The stock has a market capitalization of $163.78 billion, a PE ratio of 20.21, a price-to-earnings-growth ratio of 4.38 and a beta of 0.71. The firm’s fifty day moving average is $170.54 and its 200-day moving average is $177.29. The company has a current ratio of 1.13, a quick ratio of 1.09 and a debt-to-equity ratio of 2.32.

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

International Business Machines Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 10th. Shareholders of record on Friday, May 10th were paid a dividend of $1.67 per share. The ex-dividend date was Thursday, May 9th. This is a positive change from International Business Machines’s previous quarterly dividend of $1.66. This represents a $6.68 dividend on an annualized basis and a yield of 3.75%. International Business Machines’s dividend payout ratio is 75.65%.

Institutional Trading of International Business Machines

Institutional investors and hedge funds have recently bought and sold shares of the business. CHICAGO TRUST Co NA increased its stake in shares of International Business Machines by 17.7% during the second quarter. CHICAGO TRUST Co NA now owns 10,625 shares of the technology company’s stock worth $1,838,000 after buying an additional 1,600 shares during the period. U.S. Capital Wealth Advisors LLC increased its stake in shares of International Business Machines by 3.9% during the second quarter. U.S. Capital Wealth Advisors LLC now owns 75,069 shares of the technology company’s stock worth $12,983,000 after buying an additional 2,834 shares during the period. Legal Advantage Investments Inc. increased its stake in shares of International Business Machines by 3.5% during the second quarter. Legal Advantage Investments Inc. now owns 3,484 shares of the technology company’s stock worth $603,000 after buying an additional 118 shares during the period. Jamison Private Wealth Management Inc. increased its stake in shares of International Business Machines by 57.4% during the second quarter. Jamison Private Wealth Management Inc. now owns 1,654 shares of the technology company’s stock worth $286,000 after buying an additional 603 shares during the period. Finally, Clarus Wealth Advisors increased its stake in shares of International Business Machines by 19.2% during the second quarter. Clarus Wealth Advisors now owns 2,037 shares of the technology company’s stock worth $362,000 after buying an additional 328 shares during the period. 58.96% of the stock is currently owned by hedge funds and other institutional investors.

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.