International Business Machines (NYSE:IBM) Trading Down 1.5%

International Business Machines Co. (NYSE:IBM - Get Free Report)'s stock price dropped 1.5% on Tuesday . The stock traded as low as $214.00 and last traded at $214.00. Approximately 1,164,500 shares changed hands during trading, a decline of 72% from the average daily volume of 4,208,829 shares. The stock had previously closed at $217.16.

Analysts Set New Price Targets

Several research firms recently commented on IBM. UBS Group lifted their target price on shares of International Business Machines from $130.00 to $145.00 and gave the stock a "sell" rating in a research report on Wednesday, September 4th. Royal Bank of Canada boosted 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 target price on International Business Machines from $190.00 to $200.00 and gave the stock a "hold" rating in a research report on Thursday, July 25th. BMO Capital Markets upped their price target on International Business Machines from $190.00 to $210.00 and gave the company a "market perform" rating in a research report on Thursday, July 25th. Finally, Hsbc Global Res upgraded International Business Machines to a "moderate sell" rating in a research report on Friday, July 26th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, International Business Machines presently has a consensus rating of "Hold" and a consensus target price of $188.60.

International Business Machines Stock Performance

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 firm has a market capitalization of $196.70 billion, a P/E ratio of 24.25, a price-to-earnings-growth ratio of 4.67 and a beta of 0.70. The company's 50 day moving average is $194.37 and its 200-day moving average is $183.78.

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

International Business Machines Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Friday, August 9th were issued a $1.67 dividend. This represents a $6.68 dividend on an annualized basis and a dividend yield of 3.12%. The ex-dividend date of this dividend was Friday, August 9th. International Business Machines's dividend payout ratio is currently 75.65%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Gilbert & Cook Inc. grew its stake in shares of International Business Machines by 2.7% in the 4th quarter. Gilbert & Cook Inc. now owns 3,892 shares of the technology company's stock worth $637,000 after acquiring an additional 101 shares in the last quarter. Aveo Capital Partners LLC grew its position in International Business Machines by 3.6% in the 4th quarter. Aveo Capital Partners LLC now owns 3,101 shares of the technology company's stock worth $507,000 after purchasing an additional 109 shares in the last quarter. Gryphon Financial Partners LLC increased its stake in International Business Machines by 6.5% in the 4th quarter. Gryphon Financial Partners LLC now owns 2,394 shares of the technology company's stock valued at $386,000 after buying an additional 147 shares during the last quarter. TrinityPoint Wealth LLC lifted its position in shares of International Business Machines by 12.3% during the 4th quarter. TrinityPoint Wealth LLC now owns 3,909 shares of the technology company's stock worth $639,000 after buying an additional 428 shares in the last quarter. Finally, Clearbridge Investments LLC boosted its stake in shares of International Business Machines by 32.7% in the 4th quarter. Clearbridge Investments LLC now owns 45,653 shares of the technology company's stock worth $7,467,000 after buying an additional 11,247 shares during the last quarter. 58.96% of the stock is currently owned by institutional investors and hedge funds.

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.