International Business Machines (NYSE:IBM) Trading Up 0.7%

International Business Machines Co. (NYSE:IBM - Get Free Report)'s stock price traded up 0.7% during trading on Monday . The company traded as high as $217.86 and last traded at $216.29. 928,954 shares traded hands during mid-day trading, a decline of 78% from the average session volume of 4,207,688 shares. The stock had previously closed at $214.79.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. Evercore ISI increased their price target on shares of International Business Machines from $215.00 to $240.00 and gave the company an "outperform" rating in a report on Wednesday, September 11th. UBS Group increased their price target on shares of International Business Machines from $130.00 to $145.00 and gave the company a "sell" rating in a report on Wednesday, September 4th. Royal Bank of Canada raised their price objective on shares of International Business Machines from $200.00 to $211.00 and gave the stock an "outperform" rating in a research note on Thursday, July 25th. Jefferies Financial Group raised their price objective on shares of International Business Machines from $190.00 to $200.00 and gave the stock a "hold" rating in a research note on Thursday, July 25th. Finally, Stifel Nicolaus raised their price objective on shares of International Business Machines from $190.00 to $205.00 and gave the stock a "buy" rating in a research note on Thursday, July 25th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat, International Business Machines currently has a consensus rating of "Hold" and an average price target of $188.60.

International Business Machines Stock Up 1.1 %

The company's 50 day moving average price is $193.62 and its two-hundred day moving average price is $183.60. The company has a quick ratio of 1.08, a current ratio of 1.12 and a debt-to-equity ratio of 2.20. The stock has a market cap of $200.06 billion, a P/E ratio of 24.60, a P/E/G ratio of 4.67 and a beta of 0.70.

International Business Machines (NYSE:IBM - Get Free Report) last posted its quarterly earnings results on Wednesday, July 24th. The technology company reported $2.43 earnings per share for the quarter, beating the consensus estimate of $2.16 by $0.27. The firm had revenue of $15.77 billion during the quarter, compared to the consensus estimate of $15.62 billion. International Business Machines had a net margin of 13.52% and a return on equity of 40.59%. The company's revenue was up 1.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.18 earnings per share. As a group, research analysts expect that International Business Machines Co. will post 10.1 earnings per share for the current year.

International Business Machines Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Friday, August 9th were issued a dividend of $1.67 per share. This represents a $6.68 annualized dividend and a yield of 3.08%. The ex-dividend date of this dividend was Friday, August 9th. International Business Machines's payout ratio is 75.65%.

Hedge Funds Weigh In On International Business Machines

Institutional investors have recently bought and sold shares of the business. FPC Investment Advisory Inc. purchased a new position in International Business Machines during the first quarter valued at approximately $26,000. ESL Trust Services LLC purchased a new position in International Business Machines in the first quarter worth $28,000. Creekmur Asset Management LLC purchased a new position in International Business Machines in the fourth quarter worth $29,000. Ables Iannone Moore & Associates Inc. purchased a new position in International Business Machines in the fourth quarter worth $31,000. Finally, Financial Synergies Wealth Advisors Inc. grew its holdings in International Business Machines by 164.0% in the first quarter. Financial Synergies Wealth Advisors Inc. now owns 198 shares of the technology company's stock worth $38,000 after purchasing an additional 123 shares during the last quarter. 58.96% of the stock is owned by hedge funds and other institutional investors.

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.