International Business Machines Co. (NYSE:IBM - Get Free Report) traded down 0.3% during trading on Tuesday . The stock traded as low as $258.90 and last traded at $261.07. 1,075,222 shares traded hands during mid-day trading, a decline of 77% from the average session volume of 4,615,096 shares. The stock had previously closed at $261.87.
Analyst Upgrades and Downgrades
IBM has been the subject of a number of recent research reports. Jefferies Financial Group increased their price objective on shares of International Business Machines from $245.00 to $270.00 and gave the company a "hold" rating in a report on Thursday, January 30th. JPMorgan Chase & Co. lifted their price objective on shares of International Business Machines from $233.00 to $244.00 and gave the company a "neutral" rating in a report on Thursday, January 30th. Bank of America raised their price objective on shares of International Business Machines from $260.00 to $270.00 and gave the company a "buy" rating in a report on Thursday, January 30th. Wedbush initiated coverage on shares of International Business Machines in a research report on Monday, February 3rd. They issued an "outperform" rating for the company. Finally, BMO Capital Markets increased their target price on shares of International Business Machines from $260.00 to $280.00 and gave the stock a "market perform" rating in a research note 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 company's stock. According to MarketBeat.com, International Business Machines currently has an average rating of "Hold" and a consensus target price of $231.44.
Check Out Our Latest Report on IBM
International Business Machines Stock Performance
The company has a current ratio of 1.04, a quick ratio of 1.00 and a debt-to-equity ratio of 1.82. The firm's fifty day moving average price is $236.49 and its 200 day moving average price is $223.25. The firm has a market capitalization of $237.74 billion, a PE ratio of 40.11, a PEG ratio of 5.81 and a beta of 0.76.
International Business Machines (NYSE:IBM - Get Free Report) last issued its quarterly earnings data 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 return on equity of 38.99% and a net margin of 9.60%. On average, research analysts anticipate that International Business Machines Co. will post 10.78 earnings per share for the current year.
International Business Machines Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Monday, February 10th will be given a dividend of $1.67 per share. The ex-dividend date of this dividend is Monday, February 10th. This represents a $6.68 annualized dividend and a dividend yield of 2.60%. International Business Machines's dividend payout ratio (DPR) is presently 104.21%.
Hedge Funds Weigh In On International Business Machines
Institutional investors and hedge funds have recently bought and sold shares of the business. Heck Capital Advisors LLC bought a new position in shares of International Business Machines in the fourth quarter valued at about $88,000. Leigh Baldwin & CO. LLC acquired a new stake in International Business Machines in the 4th quarter valued at about $485,000. Armis Advisers LLC bought a new position in shares of International Business Machines in the fourth quarter worth about $271,000. Liberty Square Wealth Partners LLC acquired a new position in shares of International Business Machines during the fourth quarter worth approximately $238,000. Finally, Ameriflex Group Inc. bought a new stake in shares of International Business Machines during the fourth quarter valued at approximately $208,000. Institutional investors and hedge funds own 58.96% of the company's stock.
About International Business Machines
(
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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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