International Business Machines (NYSE:IBM) Trading Down 3.3%

International Business Machines Co. (NYSE:IBM) shares dropped 3.3% on Monday . The company traded as low as $181.94 and last traded at $182.95. Approximately 1,341,747 shares traded hands during trading, a decline of 70% from the average daily volume of 4,412,708 shares. The stock had previously closed at $189.12.

Analyst Upgrades and Downgrades

IBM has been the subject of a number of recent research reports. Hsbc Global Res raised International Business Machines to a “moderate sell” rating in a research note on Friday, July 26th. Stifel Nicolaus lifted their price target 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. UBS Group lifted their price objective on International Business Machines from $125.00 to $130.00 and gave the stock a “sell” rating in a report on Monday, April 22nd. Morgan Stanley decreased their price target on International Business Machines from $186.00 to $179.00 and set an “equal weight” rating on the stock in a research note on Friday, April 26th. Finally, Jefferies Financial Group boosted their price target on International Business Machines from $190.00 to $200.00 and gave the company a “hold” rating in a research note on Thursday, July 25th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $184.93.

International Business Machines Stock Down 3.1 %

The business has a fifty day moving average of $176.64 and a 200 day moving average of $180.27. The firm has a market cap of $168.88 billion, a P/E ratio of 20.72, a P/E/G ratio of 4.24 and a beta of 0.71. 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 EPS for the quarter, beating analysts’ consensus estimates 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 business had revenue of $15.77 billion during the quarter, compared to the consensus estimate of $15.62 billion. During the same quarter in the prior year, the company posted $2.18 earnings per share. The firm’s revenue was up 1.9% on a year-over-year basis. On average, equities research analysts predict that International Business Machines Co. will post 10.06 EPS for the current year.

International Business Machines Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders 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 yield of 3.64%. International Business Machines’s payout ratio is 75.65%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. FPC Investment Advisory Inc. acquired a new position in International Business Machines during the first quarter valued at approximately $26,000. ESL Trust Services LLC bought a new position in shares of International Business Machines during the first quarter worth approximately $28,000. Naples Money Management LLC bought a new position in International Business Machines during the 4th quarter worth $28,000. Creekmur Asset Management LLC bought a new position in International Business Machines during the 4th quarter worth $29,000. Finally, Ables Iannone Moore & Associates Inc. bought a new position in International Business Machines during the 4th quarter worth $31,000. 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.