International Business Machines (NYSE:IBM) Stock Price Down 0%

International Business Machines Co. (NYSE:IBM - Get Free Report) shares fell 0% during mid-day trading on Wednesday . The company traded as low as $213.59 and last traded at $214.05. 482,084 shares were traded during mid-day trading, a decline of 89% from the average session volume of 4,212,961 shares. The stock had previously closed at $214.13.

Analysts Set New Price Targets

IBM has been the topic of several recent analyst reports. Evercore ISI boosted their price target on International Business Machines from $215.00 to $240.00 and gave the company an "outperform" rating in a research note on Wednesday, September 11th. Stifel Nicolaus upped their target price on shares of International Business Machines from $190.00 to $205.00 and gave the stock a "buy" rating in a report on Thursday, July 25th. BMO Capital Markets lifted their price target on shares of International Business Machines from $190.00 to $210.00 and gave the company a "market perform" rating in a report on Thursday, July 25th. Jefferies Financial Group upped 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, The Goldman Sachs Group started coverage on International Business Machines in a report on Monday, June 24th. They issued a "buy" rating and a $200.00 target price on the stock. Three 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 data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $188.60.

International Business Machines Price Performance

The company has a current ratio of 1.12, a quick ratio of 1.08 and a debt-to-equity ratio of 2.20. The stock has a market capitalization of $197.37 billion, a P/E ratio of 24.33, a PEG ratio of 4.67 and a beta of 0.70. The company has a fifty day simple moving average of $195.11 and a two-hundred day simple moving average of $184.00.

International Business Machines (NYSE:IBM - Get Free Report) last announced its quarterly earnings data 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. International Business Machines had a net margin of 13.52% and a return on equity of 40.59%. The business had revenue of $15.77 billion for the quarter, compared to analyst estimates of $15.62 billion. During the same period in the prior year, the business posted $2.18 earnings per share. International Business Machines's revenue was up 1.9% compared to the same quarter last year. Sell-side analysts expect that International Business Machines Co. will post 10.1 EPS for the current fiscal year.

International Business Machines Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Friday, August 9th were paid a dividend of $1.67 per share. The ex-dividend date was Friday, August 9th. This represents a $6.68 dividend on an annualized basis and a dividend yield of 3.11%. International Business Machines's dividend payout ratio (DPR) is presently 75.65%.

Hedge Funds Weigh In On International Business Machines

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in IBM. Gilbert & Cook Inc. increased its stake in International Business Machines by 2.7% in the fourth quarter. Gilbert & Cook Inc. now owns 3,892 shares of the technology company's stock valued at $637,000 after purchasing an additional 101 shares in the last quarter. Aveo Capital Partners LLC raised its stake in International Business Machines by 3.6% during the 4th quarter. Aveo Capital Partners LLC now owns 3,101 shares of the technology company's stock worth $507,000 after buying an additional 109 shares during the period. Gryphon Financial Partners LLC lifted its holdings in International Business Machines by 6.5% during the fourth quarter. Gryphon Financial Partners LLC now owns 2,394 shares of the technology company's stock worth $386,000 after acquiring an additional 147 shares in the last quarter. TrinityPoint Wealth LLC grew its stake in International Business Machines by 12.3% in the fourth quarter. TrinityPoint Wealth LLC now owns 3,909 shares of the technology company's stock valued at $639,000 after acquiring an additional 428 shares during the period. Finally, Clearbridge Investments LLC increased its holdings in shares of International Business Machines by 32.7% in the fourth quarter. Clearbridge Investments LLC now owns 45,653 shares of the technology company's stock worth $7,467,000 after acquiring an additional 11,247 shares in the last quarter. Institutional investors own 58.96% of the company's stock.

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.