International Business Machines (NYSE:IBM) Shares Up 0%

International Business Machines Co. (NYSE:IBM)’s stock price rose 0% during mid-day trading on Thursday . The stock traded as high as $193.63 and last traded at $192.19. Approximately 520,259 shares were traded during trading, a decline of 88% from the average daily volume of 4,408,421 shares. The stock had previously closed at $192.14.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. The Goldman Sachs Group assumed coverage on International Business Machines in a report on Monday, June 24th. They issued a “buy” rating and a $200.00 price target on the stock. JPMorgan Chase & Co. reduced their price target on shares of International Business Machines from $190.00 to $185.00 and set a “neutral” rating on the stock in a report on Thursday, April 25th. StockNews.com raised shares of International Business Machines from a “hold” rating to a “buy” rating in a report on Wednesday, June 19th. Wedbush lifted their target price on International Business Machines from $140.00 to $160.00 and gave the stock a “neutral” rating in a report on Thursday, April 25th. Finally, Hsbc Global Res raised International Business Machines to a “moderate sell” rating in a research note on Friday, July 26th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, International Business Machines presently has a consensus rating of “Hold” and a consensus target price of $184.93.

International Business Machines Stock Performance

The firm has a 50-day moving average price of $176.64 and a two-hundred day moving average price of $180.08. 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 firm has a market capitalization of $174.21 billion, a P/E ratio of 21.42, a P/E/G ratio of 4.24 and a beta of 0.71.

International Business Machines (NYSE:IBM) last released its quarterly earnings results on Wednesday, July 24th. The technology company reported $2.43 EPS for the quarter, topping the consensus estimate of $2.16 by $0.27. International Business Machines had a return on equity of 40.59% and a net margin of 13.52%. The firm had revenue of $15.77 billion during the quarter, compared to analyst estimates of $15.62 billion. During the same period in the previous year, the company posted $2.18 EPS. The business’s revenue for the quarter was up 1.9% compared to the same quarter last year. On average, analysts forecast that International Business Machines Co. will post 10.06 EPS for the current fiscal year.

International Business Machines Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Friday, August 9th will be given a dividend of $1.67 per share. The ex-dividend date of this dividend is Friday, August 9th. This represents a $6.68 annualized dividend and a yield of 3.53%. International Business Machines’s dividend payout ratio is presently 75.65%.

Institutional Investors Weigh In On International Business Machines

Institutional investors have recently modified their holdings of the business. FPC Investment Advisory Inc. acquired a new stake in International Business Machines in the first quarter valued at approximately $26,000. Naples Money Management LLC purchased a new stake in International Business Machines in the 4th quarter worth $28,000. ESL Trust Services LLC acquired a new position in International Business Machines during the first quarter worth $28,000. Creekmur Asset Management LLC purchased a new position in International Business Machines during the fourth quarter valued at $29,000. Finally, Ables Iannone Moore & Associates Inc. acquired a new stake in shares of International Business Machines in the fourth quarter valued at about $31,000. 58.96% of the stock is currently owned by institutional investors and hedge funds.

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.