International Business Machines Co. (NYSE:IBM - Get Free Report)'s share price fell 0.1% during trading on Monday . The company traded as low as $230.88 and last traded at $231.86. 526,371 shares were traded during mid-day trading, a decline of 87% from the average session volume of 4,177,595 shares. The stock had previously closed at $232.20.
Analysts Set New Price Targets
A number of brokerages recently commented on IBM. UBS Group boosted their target price on International Business Machines from $130.00 to $145.00 and gave the company a "sell" rating in a research report on Wednesday, September 4th. Hsbc Global Res raised International Business Machines to a "moderate sell" rating in a report on Friday, July 26th. Morgan Stanley boosted their price objective on International Business Machines from $182.00 to $217.00 and gave the stock an "equal weight" rating in a report on Thursday. DZ Bank lowered International Business Machines from a "buy" rating to a "hold" rating and set a $215.00 price objective for the company. in a report on Wednesday, October 2nd. Finally, Stifel Nicolaus boosted their price objective on International Business Machines from $205.00 to $246.00 and gave the stock a "buy" rating in a report on Wednesday, October 16th. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $205.71.
Check Out Our Latest Stock Report on International Business Machines
International Business Machines Trading Down 0.2 %
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 50 day moving average of $212.19 and a 200 day moving average of $189.14. The firm has a market cap of $212.96 billion, a PE ratio of 26.26, a P/E/G ratio of 5.21 and a beta of 0.70.
International Business Machines (NYSE:IBM - Get Free Report) last posted its quarterly earnings data on Wednesday, July 24th. The technology company reported $2.43 EPS for the quarter, beating the consensus estimate of $2.16 by $0.27. The business had revenue of $15.77 billion for the quarter, compared to the consensus estimate of $15.62 billion. International Business Machines had a return on equity of 40.59% and a net margin of 13.52%. International Business Machines's revenue for the quarter was up 1.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.18 earnings per share. Equities analysts anticipate that International Business Machines Co. will post 10.1 earnings per share for the current year.
International Business Machines Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Friday, August 9th were given a dividend of $1.67 per share. The ex-dividend date of this dividend was Friday, August 9th. This represents a $6.68 annualized dividend and a dividend yield of 2.88%. International Business Machines's dividend payout ratio is currently 75.65%.
Institutional Investors Weigh In On International Business Machines
Institutional investors have recently made changes to their positions in the stock. Susquehanna Fundamental Investments LLC purchased a new stake in shares of International Business Machines during the second quarter worth $7,160,000. Hodges Capital Management Inc. increased its holdings in shares of International Business Machines by 60.8% in the first quarter. Hodges Capital Management Inc. now owns 20,535 shares of the technology company's stock worth $3,921,000 after purchasing an additional 7,768 shares during the period. Burns J W & Co. Inc. NY increased its holdings in shares of International Business Machines by 10.8% in the first quarter. Burns J W & Co. Inc. NY now owns 2,571 shares of the technology company's stock worth $491,000 after purchasing an additional 250 shares during the period. Smith Thornton Advisors LLC bought a new position in shares of International Business Machines in the second quarter worth $702,000. Finally, Retirement Planning Group LLC bought a new position in shares of International Business Machines in the third quarter worth $618,000. Hedge funds and other institutional investors own 58.96% of the company's stock.
About International Business Machines
(
Get Free Report)
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.
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