Shares of International Business Machines Co. (NYSE:IBM - Get Free Report) fell 0% on Tuesday . The stock traded as low as $259.83 and last traded at $261.22. 870,185 shares traded hands during trading, a decline of 81% from the average session volume of 4,621,599 shares. The stock had previously closed at $261.28.
Analysts Set New Price Targets
Several research firms recently weighed in on IBM. Bank of America boosted their target price on International Business Machines from $260.00 to $270.00 and gave the stock a "buy" rating in a research note on Thursday, January 30th. Oppenheimer started coverage on International Business Machines in a report on Tuesday, February 11th. They issued an "outperform" rating and a $320.00 target price on the stock. Morgan Stanley boosted their target price on International Business Machines from $217.00 to $228.00 and gave the company an "equal weight" rating in a report on Thursday, January 30th. JPMorgan Chase & Co. boosted their target price on International Business Machines from $233.00 to $244.00 and gave the stock a "neutral" rating in a research report on Thursday, January 30th. Finally, BMO Capital Markets boosted their target price on International Business Machines from $260.00 to $280.00 and gave the stock a "market perform" rating in a research report on Thursday, January 30th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $231.44.
Read Our Latest Report on IBM
International Business Machines Price Performance
The firm 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. The company has a 50-day moving average price of $234.65 and a 200-day moving average price of $221.26. The company has a debt-to-equity ratio of 1.82, a current ratio of 1.04 and a quick ratio of 1.00.
International Business Machines (NYSE:IBM - Get Free Report) last released its earnings results on Wednesday, January 29th. The technology company reported $3.92 EPS for the quarter, beating the consensus estimate of $3.77 by $0.15. International Business Machines had a return on equity of 38.99% and a net margin of 9.60%. Sell-side analysts forecast that International Business Machines Co. will post 10.77 EPS for the current year.
International Business Machines Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Monday, February 10th will be paid a $1.67 dividend. The ex-dividend date of this dividend is Monday, February 10th. This represents a $6.68 annualized dividend and a yield of 2.55%. International Business Machines's payout ratio is currently 104.21%.
Institutional Investors Weigh In On International Business Machines
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Compass Financial Services Inc acquired a new stake in International Business Machines during the fourth quarter worth about $26,000. Hazlett Burt & Watson Inc. increased its stake in International Business Machines by 1,054.5% during the third quarter. Hazlett Burt & Watson Inc. now owns 127 shares of the technology company's stock worth $29,000 after acquiring an additional 116 shares during the last quarter. Hara Capital LLC acquired a new stake in International Business Machines during the third quarter worth about $29,000. Vision Financial Markets LLC acquired a new stake in International Business Machines during the fourth quarter worth about $31,000. Finally, Avondale Wealth Management increased its stake in International Business Machines by 56.0% during the fourth quarter. Avondale Wealth Management now owns 156 shares of the technology company's stock worth $34,000 after acquiring an additional 56 shares during the last quarter. 58.96% of the stock is currently owned by institutional investors and hedge funds.
International Business Machines Company Profile
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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.
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