International Business Machines (NYSE:IBM) Stock Price Up 1.3%

International Business Machines Co. (NYSE:IBM - Get Free Report)'s stock price traded up 1.3% during mid-day trading on Friday . The stock traded as high as $173.30 and last traded at $173.14. 467,707 shares traded hands during mid-day trading, a decline of 90% from the average session volume of 4,536,117 shares. The stock had previously closed at $170.85.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Wedbush raised their price objective on International Business Machines from $140.00 to $160.00 and gave the stock a "neutral" rating in a research note on Thursday, April 25th. Stifel Nicolaus reaffirmed a "buy" rating and set a $190.00 target price on shares of International Business Machines in a report on Thursday, May 16th. Sanford C. Bernstein raised their target price on International Business Machines from $165.00 to $186.00 and gave the stock a "market perform" rating in a report on Thursday, March 7th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $200.00 target price on shares of International Business Machines in a report on Wednesday, May 22nd. Finally, UBS Group raised their target price on International Business Machines from $125.00 to $130.00 and gave the stock a "sell" rating in a report on Monday, April 22nd. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, International Business Machines presently has an average rating of "Hold" and an average price target of $182.53.

International Business Machines Stock Performance

The stock has a market cap of $158.87 billion, a PE ratio of 19.59, a P/E/G ratio of 4.24 and a beta of 0.72. The company has a quick ratio of 1.09, a current ratio of 1.13 and a debt-to-equity ratio of 2.32. The stock has a 50-day moving average of $169.95 and a 200 day moving average of $176.40.

International Business Machines (NYSE:IBM - Get Free Report) last announced its quarterly earnings results on Tuesday, April 30th. The technology company reported $1.68 EPS for the quarter, beating the consensus estimate of $1.59 by $0.09. The business had revenue of $14.46 billion for the quarter, compared to analyst estimates of $14.53 billion. International Business Machines had a return on equity of 40.21% and a net margin of 13.18%. The company's quarterly revenue was up 1.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.36 EPS. Equities analysts predict that International Business Machines Co. will post 9.9 EPS for the current fiscal year.

International Business Machines Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 10th. Investors of record on Friday, May 10th were given a dividend of $1.67 per share. The ex-dividend date of this dividend was Thursday, May 9th. This represents a $6.68 dividend on an annualized basis and a dividend yield of 3.86%. This is a boost from International Business Machines's previous quarterly dividend of $1.66. International Business Machines's dividend payout ratio (DPR) is presently 75.65%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Vontobel Holding Ltd. boosted its position in shares of International Business Machines by 20.3% during the fourth quarter. Vontobel Holding Ltd. now owns 477,193 shares of the technology company's stock worth $78,045,000 after buying an additional 80,474 shares during the period. Tsfg LLC boosted its holdings in International Business Machines by 40.5% in the fourth quarter. Tsfg LLC now owns 378 shares of the technology company's stock valued at $62,000 after purchasing an additional 109 shares during the period. Auxano Advisors LLC boosted its holdings in International Business Machines by 4.8% in the fourth quarter. Auxano Advisors LLC now owns 3,398 shares of the technology company's stock valued at $556,000 after purchasing an additional 156 shares during the period. Waverly Advisors LLC boosted its holdings in International Business Machines by 48.1% in the third quarter. Waverly Advisors LLC now owns 19,692 shares of the technology company's stock valued at $2,763,000 after purchasing an additional 6,397 shares during the period. Finally, West Family Investments Inc. boosted its holdings in International Business Machines by 7.6% in the fourth quarter. West Family Investments Inc. now owns 2,736 shares of the technology company's stock valued at $447,000 after purchasing an additional 194 shares during the period. 58.96% of the stock is currently owned by institutional investors and hedge funds.

About International Business Machines

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.