International Business Machines (NYSE:IBM) Stock Price Down 1.5%

Shares of International Business Machines Co. (NYSE:IBM) were down 1.5% during trading on Tuesday . The company traded as low as $214.00 and last traded at $214.00. Approximately 1,164,500 shares traded hands during mid-day trading, a decline of 72% from the average daily volume of 4,208,829 shares. The stock had previously closed at $217.16.

Analyst Ratings Changes

A number of analysts recently commented on IBM shares. Hsbc Global Res raised International Business Machines to a “moderate sell” rating in a research note on Friday, July 26th. UBS Group raised their price target on International Business Machines from $130.00 to $145.00 and gave the stock a “sell” rating in a research note on Wednesday, September 4th. BMO Capital Markets raised their price objective on International Business Machines from $190.00 to $210.00 and gave the company a “market perform” rating in a research report on Thursday, July 25th. Jefferies Financial Group raised their price objective on 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, Stifel Nicolaus raised their price objective on International Business Machines from $190.00 to $205.00 and gave the company a “buy” rating in a research report on Thursday, July 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 data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $188.60.

International Business Machines Trading Up 0.3 %

The stock has a market cap of $197.37 billion, a PE ratio of 24.33, a PEG ratio of 4.67 and a beta of 0.70. The stock’s fifty day moving average price is $195.11 and its 200 day moving average price is $184.00. The company has a quick ratio of 1.08, a current ratio of 1.12 and a debt-to-equity ratio of 2.20.

International Business Machines (NYSE:IBM) last released its quarterly earnings data on Wednesday, July 24th. The technology company reported $2.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.16 by $0.27. The business had revenue of $15.77 billion for the quarter, compared to analysts’ expectations of $15.62 billion. International Business Machines had a return on equity of 40.59% and a net margin of 13.52%. The firm’s quarterly revenue was up 1.9% on a year-over-year basis. During the same period in the prior year, the firm posted $2.18 EPS. On average, sell-side analysts forecast that International Business Machines Co. will post 10.1 EPS for the current year.

International Business Machines Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Friday, August 9th were given a $1.67 dividend. The ex-dividend date was Friday, August 9th. This represents a $6.68 annualized dividend and a yield of 3.11%. International Business Machines’s dividend payout ratio (DPR) is presently 75.65%.

Hedge Funds Weigh In On International Business Machines

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. FPC Investment Advisory Inc. bought a new position in International Business Machines in the 1st quarter valued at approximately $26,000. ESL Trust Services LLC bought a new position in shares of International Business Machines during the 1st quarter valued at $28,000. Creekmur Asset Management LLC bought a new position in shares of International Business Machines during the 4th quarter valued at $29,000. Ables Iannone Moore & Associates Inc. bought a new position in shares of International Business Machines during the 4th quarter valued at $31,000. Finally, Oliver Lagore Vanvalin Investment Group bought a new position in shares of International Business Machines during the 2nd quarter valued at $36,000. 58.96% of the stock is owned by 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.