International Business Machines (NYSE:IBM) Trading Down 0.1%

International Business Machines Co. (NYSE:IBM - Get Free Report)'s share price dropped 0.1% during mid-day trading on Wednesday . The stock traded as low as $215.81 and last traded at $219.15. Approximately 587,411 shares were traded during mid-day trading, a decline of 86% from the average daily volume of 4,213,432 shares. The stock had previously closed at $219.35.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. Jefferies Financial Group upped their price target on shares of International Business Machines from $190.00 to $200.00 and gave the company a "hold" rating in a report on Thursday, July 25th. Evercore ISI raised their target price on International Business Machines from $215.00 to $240.00 and gave the stock an "outperform" rating in a research note on Wednesday, September 11th. DZ Bank lowered International Business Machines from a "buy" rating to a "hold" rating and set a $215.00 price target for the company. in a research report on Wednesday. Stifel Nicolaus lifted their price objective on International Business Machines from $190.00 to $205.00 and gave the stock a "buy" rating in a research report on Thursday, July 25th. Finally, BMO Capital Markets upped their target price on International Business Machines from $190.00 to $210.00 and gave the company a "market perform" rating in a report on Thursday, July 25th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $193.38.

International Business Machines Trading Up 0.2 %

The stock has a market cap of $201.80 billion, a PE ratio of 24.88, a PEG ratio of 4.90 and a beta of 0.70. 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's fifty day moving average price is $202.31 and its 200 day moving average price is $185.78.

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 business had revenue of $15.77 billion for the quarter, compared to the consensus estimate of $15.62 billion. During the same period last year, the business posted $2.18 EPS. The company's revenue was up 1.9% compared to the same quarter last year. On average, sell-side analysts forecast that International Business Machines Co. will post 10.1 EPS for the current year.

International Business Machines Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Friday, August 9th were paid a dividend of $1.67 per share. This represents a $6.68 annualized dividend and a yield of 3.04%. The ex-dividend date of this dividend was Friday, August 9th. International Business Machines's dividend payout ratio is currently 75.65%.

Institutional Trading of International Business Machines

Large investors have recently made changes to their positions in the stock. FPC Investment Advisory Inc. purchased a new stake in International Business Machines during the 1st quarter valued at $26,000. ESL Trust Services LLC bought a new position in International Business Machines in the first quarter worth approximately $28,000. Creekmur Asset Management LLC purchased a new stake in shares of International Business Machines in the 4th quarter worth $29,000. Ables Iannone Moore & Associates Inc. purchased a new position in International Business Machines during the fourth quarter valued at $31,000. Finally, Financial Synergies Wealth Advisors Inc. raised its stake in shares of 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 buying an additional 123 shares during the period. 58.96% of the stock is currently owned by institutional investors.

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.