International Business Machines (NYSE:IBM) Stock Price Up 0.1%

Shares of International Business Machines Co. (NYSE:IBM) traded up 0.1% during mid-day trading on Tuesday . The company traded as high as $204.66 and last traded at $202.35. 1,019,631 shares traded hands during mid-day trading, a decline of 76% from the average session volume of 4,224,792 shares. The stock had previously closed at $202.13.

Analysts Set New Price Targets

IBM has been the topic of a number of analyst reports. UBS Group increased their target price on International Business Machines from $130.00 to $145.00 and gave the company a “sell” rating in a report on Wednesday. Stifel Nicolaus lifted their price objective on International Business Machines from $190.00 to $205.00 and gave the stock a “buy” rating in a research report on Thursday, July 25th. Royal Bank of Canada raised their price target on shares of International Business Machines from $200.00 to $211.00 and gave the stock an “outperform” rating in a research note on Thursday, July 25th. Jefferies Financial Group boosted their price objective on shares of International Business Machines from $190.00 to $200.00 and gave the company a “hold” rating in a research report on Thursday, July 25th. Finally, The Goldman Sachs Group began coverage on shares of International Business Machines in a research report on Monday, June 24th. They set a “buy” rating and a $200.00 target price on the stock. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $185.93.

International Business Machines Trading Down 0.7 %

The company has a debt-to-equity ratio of 2.20, a current ratio of 1.12 and a quick ratio of 1.08. The business’s 50-day simple moving average is $188.33 and its two-hundred day simple moving average is $182.28. The stock has a market capitalization of $186.10 billion, a price-to-earnings ratio of 22.95, a PEG ratio of 4.50 and a beta of 0.71.

International Business Machines (NYSE:IBM) last posted its earnings results on Wednesday, July 24th. The technology company reported $2.43 earnings per share for the quarter, beating the consensus estimate of $2.16 by $0.27. International Business Machines had a net margin of 13.52% and a return on equity of 40.59%. The business had revenue of $15.77 billion for the quarter, compared to analyst estimates of $15.62 billion. During the same quarter in the previous year, the business posted $2.18 EPS. The business’s quarterly revenue was up 1.9% on a year-over-year basis. On average, research analysts anticipate that International Business Machines Co. will post 10.09 earnings per share for the current fiscal year.

International Business Machines Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Friday, August 9th will be paid a $1.67 dividend. The ex-dividend date is Friday, August 9th. This represents a $6.68 dividend on an annualized basis and a dividend yield of 3.30%. International Business Machines’s dividend payout ratio (DPR) is currently 75.65%.

Hedge Funds Weigh In On International Business Machines

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Arden Trust Co lifted its position in shares of International Business Machines by 2.8% during the first quarter. Arden Trust Co now owns 1,973 shares of the technology company’s stock worth $377,000 after purchasing an additional 54 shares in the last quarter. Armbruster Capital Management Inc. lifted its holdings in International Business Machines by 2.3% in the 2nd quarter. Armbruster Capital Management Inc. now owns 2,500 shares of the technology company’s stock worth $432,000 after buying an additional 56 shares in the last quarter. CVA Family Office LLC boosted its position in International Business Machines by 3.3% in the 2nd quarter. CVA Family Office LLC now owns 1,796 shares of the technology company’s stock valued at $311,000 after buying an additional 57 shares during the last quarter. Mill Creek Capital Advisors LLC grew its stake in shares of International Business Machines by 5.1% during the second quarter. Mill Creek Capital Advisors LLC now owns 1,165 shares of the technology company’s stock valued at $201,000 after acquiring an additional 57 shares in the last quarter. Finally, Chicago Partners Investment Group LLC increased its position in shares of International Business Machines by 0.8% during the fourth quarter. Chicago Partners Investment Group LLC now owns 7,528 shares of the technology company’s stock worth $1,309,000 after acquiring an additional 58 shares during the last quarter. 58.96% of the stock is owned by institutional investors and hedge funds.

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.