International Business Machines Co. (NYSE:IBM - Get Free Report) shares fell 0.9% during mid-day trading on Friday . The company traded as low as $243.68 and last traded at $244.07. 419,558 shares changed hands during trading, a decline of 89% from the average session volume of 3,883,765 shares. The stock had previously closed at $246.21.
Analyst Ratings Changes
Several analysts have recently commented on IBM shares. Sanford C. Bernstein increased their target price on shares of International Business Machines from $210.00 to $215.00 and gave the company a "market perform" rating in a report on Friday, January 3rd. Erste Group Bank upgraded shares of International Business Machines from a "hold" rating to a "strong-buy" rating in a research note on Monday, March 17th. Oppenheimer started coverage on International Business Machines in a research note on Tuesday, February 11th. They issued an "outperform" rating and a $320.00 target price on the stock. BMO Capital Markets increased their price target on International Business Machines from $260.00 to $280.00 and gave the company a "market perform" rating in a research report on Thursday, January 30th. Finally, Morgan Stanley boosted their price objective on International Business Machines from $217.00 to $228.00 and gave the stock an "equal weight" rating in a research report on Thursday, January 30th. Two analysts have rated the stock with a sell rating, eight have given a hold rating, seven have assigned a buy rating and one has given a strong 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 $231.13.
Check Out Our Latest Stock Analysis on IBM
International Business Machines Stock Performance
The company has a 50-day moving average price of $249.51 and a two-hundred day moving average price of $231.62. The company has a market capitalization of $231.06 billion, a PE ratio of 38.87, a PEG ratio of 5.81 and a beta of 0.74. The company has a quick ratio of 1.00, a current ratio of 1.04 and a debt-to-equity ratio of 1.82.
International Business Machines (NYSE:IBM - Get Free Report) last announced its quarterly earnings results on Wednesday, January 29th. The technology company reported $3.92 earnings per share (EPS) for the quarter, topping 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%. Analysts predict that International Business Machines Co. will post 10.78 EPS for the current fiscal year.
International Business Machines Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Monday, February 10th were given a dividend of $1.67 per share. This represents a $6.68 annualized dividend and a yield of 2.68%. The ex-dividend date was Monday, February 10th. International Business Machines's payout ratio is 104.21%.
Insiders Place Their Bets
In other International Business Machines news, SVP Robert David Thomas sold 26,543 shares of the business's stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $253.01, for a total value of $6,715,644.43. Following the completion of the transaction, the senior vice president now owns 45,007 shares of the company's stock, valued at $11,387,221.07. The trade was a 37.10 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.18% of the company's stock.
Institutional Trading of International Business Machines
A number of hedge funds have recently made changes to their positions in IBM. Compass Financial Services Inc bought a new stake in International Business Machines during the fourth quarter worth about $26,000. Vision Financial Markets LLC bought a new stake in International Business Machines in the 4th quarter worth approximately $31,000. Avondale Wealth Management grew its position in International Business Machines by 56.0% during the fourth quarter. Avondale Wealth Management now owns 156 shares of the technology company's stock valued at $34,000 after acquiring an additional 56 shares during the last quarter. Valued Wealth Advisors LLC raised its stake in shares of International Business Machines by 134.3% during the fourth quarter. Valued Wealth Advisors LLC now owns 157 shares of the technology company's stock worth $35,000 after acquiring an additional 90 shares in the last quarter. Finally, Rialto Wealth Management LLC purchased a new stake in shares of International Business Machines in the 4th quarter valued at $35,000. 58.96% of the stock is owned by institutional investors.
International Business Machines Company Profile
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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.
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