International Business Machines (NYSE:IBM) Shares Down 0.7%

International Business Machines Co. (NYSE:IBM - Get Free Report)'s share price traded down 0.7% during mid-day trading on Wednesday . The company traded as low as $170.41 and last traded at $171.34. 462,896 shares changed hands during mid-day trading, a decline of 90% from the average session volume of 4,564,146 shares. The stock had previously closed at $172.60.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. Jefferies Financial Group lowered their price objective on International Business Machines from $215.00 to $210.00 and set a "hold" rating on the stock in a research note on Tuesday, April 23rd. Sanford C. Bernstein upped their price target on International Business Machines from $165.00 to $186.00 and gave the company a "market perform" rating in a research report on Thursday, March 7th. Wedbush upped their price target on International Business Machines from $140.00 to $160.00 and gave the company a "neutral" rating in a research report on Thursday, April 25th. The Goldman Sachs Group began coverage on International Business Machines in a research report on Monday. They set a "buy" rating and a $200.00 price target on the stock. Finally, BNP Paribas began coverage on International Business Machines in a research report on Thursday, May 2nd. They set an "underperform" rating and a $145.00 price target on the stock. 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 stock. According to MarketBeat.com, International Business Machines currently has an average rating of "Hold" and a consensus price target of $182.53.

International Business Machines Stock Down 0.4 %

The company has a debt-to-equity ratio of 2.32, a current ratio of 1.13 and a quick ratio of 1.09. The company has a market cap of $157.88 billion, a PE ratio of 19.46, a price-to-earnings-growth ratio of 4.26 and a beta of 0.72. The company has a fifty day moving average price of $170.56 and a 200 day moving average price of $176.40.

International Business Machines (NYSE:IBM - Get Free Report) last issued its earnings results on Tuesday, April 30th. The technology company reported $1.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.59 by $0.09. The business had revenue of $14.46 billion during 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%. International Business Machines's revenue for the quarter was up 1.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.36 earnings per share. As a group, analysts anticipate that International Business Machines Co. will post 9.9 EPS for the current year.

International Business Machines Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 10th. Shareholders of record on Friday, May 10th were paid a $1.67 dividend. The ex-dividend date of this dividend was Thursday, May 9th. This represents a $6.68 annualized dividend and a yield of 3.89%. This is a positive change from International Business Machines's previous quarterly dividend of $1.66. International Business Machines's dividend payout ratio is currently 75.65%.

Institutional Trading of International Business Machines

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Norges Bank purchased a new stake in shares of International Business Machines during the fourth quarter valued at approximately $1,019,009,000. Vanguard Group Inc. raised its holdings in shares of International Business Machines by 6.7% during the first quarter. Vanguard Group Inc. now owns 88,152,714 shares of the technology company's stock valued at $16,833,642,000 after acquiring an additional 5,546,855 shares in the last quarter. International Assets Investment Management LLC raised its holdings in shares of International Business Machines by 15,439.1% during the fourth quarter. International Assets Investment Management LLC now owns 2,653,462 shares of the technology company's stock valued at $433,974,000 after acquiring an additional 2,636,386 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of International Business Machines by 151.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 3,515,666 shares of the technology company's stock valued at $671,352,000 after acquiring an additional 2,118,165 shares in the last quarter. Finally, Morgan Stanley raised its holdings in International Business Machines by 13.4% in the third quarter. Morgan Stanley now owns 16,257,789 shares of the technology company's stock worth $2,280,968,000 after purchasing an additional 1,919,490 shares in the last quarter. Hedge funds and other institutional investors own 58.96% of the company's stock.

International Business Machines Company Profile

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.