International Business Machines Co. (NYSE:IBM - Get Free Report) dropped 0% during mid-day trading on Tuesday . The stock traded as low as $259.83 and last traded at $261.22. Approximately 870,185 shares were traded during trading, a decline of 81% from the average daily volume of 4,621,599 shares. The stock had previously closed at $261.28.
Analyst Ratings Changes
Several research analysts have recently commented on the company. Oppenheimer assumed coverage on International Business Machines in a report on Tuesday, February 11th. They issued an "outperform" rating and a $320.00 price objective on the stock. JPMorgan Chase & Co. boosted their price objective on International Business Machines from $233.00 to $244.00 and gave the company a "neutral" rating in a research report on Thursday, January 30th. Sanford C. Bernstein raised their target price on shares of International Business Machines from $210.00 to $215.00 and gave the stock a "market perform" rating in a report on Friday, January 3rd. Morgan Stanley upped their price target on shares of International Business Machines from $217.00 to $228.00 and gave the company an "equal weight" rating in a report on Thursday, January 30th. Finally, Bank of America raised their price target on shares of International Business Machines from $260.00 to $270.00 and gave the stock a "buy" rating in a report on Thursday, January 30th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat, International Business Machines currently has an average rating of "Hold" and an average price target of $231.44.
Read Our Latest Stock Analysis on IBM
International Business Machines Stock Down 1.1 %
The company has a debt-to-equity ratio of 1.82, a quick ratio of 1.00 and a current ratio of 1.04. The stock's 50-day moving average price is $234.65 and its two-hundred day moving average price is $221.26. The stock has a market capitalization of $242.05 billion, a PE ratio of 40.84, a P/E/G ratio of 5.80 and a beta of 0.76.
International Business Machines (NYSE:IBM - Get Free Report) last announced its earnings results on Wednesday, January 29th. The technology company reported $3.92 earnings per share for the quarter, beating analysts' consensus estimates of $3.77 by $0.15. International Business Machines had a net margin of 9.60% and a return on equity of 38.99%. As a group, analysts expect that International Business Machines Co. will post 10.77 EPS for the current fiscal year.
International Business Machines Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Monday, February 10th will be issued a $1.67 dividend. This represents a $6.68 annualized dividend and a yield of 2.55%. The ex-dividend date is Monday, February 10th. International Business Machines's dividend payout ratio (DPR) is 104.21%.
Institutional Trading of International Business Machines
A number of institutional investors and hedge funds have recently bought and sold shares of IBM. Meeder Asset Management Inc. boosted its stake in shares of International Business Machines by 40.9% in the 3rd quarter. Meeder Asset Management Inc. now owns 572 shares of the technology company's stock worth $126,000 after buying an additional 166 shares during the last quarter. Blue Zone Wealth Advisors LLC purchased a new stake in shares of International Business Machines during the fourth quarter worth about $242,000. Brady Martz Wealth Solutions LLC bought a new stake in shares of International Business Machines during the fourth quarter valued at approximately $1,940,000. Tranquilli Financial Advisor LLC purchased a new stake in International Business Machines in the 4th quarter worth $373,000. Finally, Philip James Wealth Mangement LLC purchased a new stake in shares of International Business Machines in the third quarter worth about $5,117,000. 58.96% of the stock is currently owned by institutional investors.
About International Business Machines
(
Get Free Report)
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.
Featured Stories
Before you consider International Business Machines, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and International Business Machines wasn't on the list.
While International Business Machines currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
