International Business Machines (NYSE:IBM) Shares Up 0.1%

International Business Machines Co. (NYSE:IBM)’s share price shot up 0.1% during trading on Monday . The company traded as high as $187.48 and last traded at $182.50. 1,211,572 shares changed hands during mid-day trading, a decline of 75% from the average session volume of 4,826,441 shares. The stock had previously closed at $182.27.

Analyst Ratings Changes

A number of research firms have recently commented on IBM. BMO Capital Markets raised their price objective on International Business Machines from $155.00 to $210.00 and gave the stock a “market perform” rating in a report on Thursday, January 25th. Jefferies Financial Group began coverage on International Business Machines in a report on Friday, January 5th. They issued a “hold” rating and a $180.00 price objective on the stock. Sanford C. Bernstein raised their price objective on International Business Machines from $165.00 to $186.00 and gave the stock a “market perform” rating in a report on Thursday, March 7th. Royal Bank of Canada raised their price objective on International Business Machines from $179.00 to $200.00 and gave the stock an “outperform” rating in a report on Thursday, January 25th. Finally, Bank of America raised their price objective on International Business Machines from $200.00 to $220.00 and gave the stock a “buy” rating in a report on Thursday, March 14th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $178.08.

International Business Machines Trading Up 1.4 %

The business has a 50 day moving average price of $188.63 and a 200-day moving average price of $168.44. The company has a quick ratio of 0.93, a current ratio of 0.96 and a debt-to-equity ratio of 2.22. The firm has a market cap of $168.47 billion, a price-to-earnings ratio of 22.60, a price-to-earnings-growth ratio of 3.55 and a beta of 0.70.

International Business Machines (NYSE:IBM) last issued its quarterly earnings data on Wednesday, January 24th. The technology company reported $3.87 earnings per share for the quarter, beating analysts’ consensus estimates of $3.78 by $0.09. International Business Machines had a return on equity of 39.55% and a net margin of 12.13%. The firm had revenue of $17.38 billion during the quarter, compared to analyst estimates of $17.29 billion. During the same quarter last year, the firm earned $3.60 EPS. International Business Machines’s quarterly revenue was up 4.1% on a year-over-year basis. As a group, research analysts expect that International Business Machines Co. will post 10.07 EPS for the current fiscal year.

International Business Machines Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Saturday, March 9th. Shareholders of record on Friday, February 9th were paid a dividend of $1.66 per share. The ex-dividend date of this dividend was Thursday, February 8th. This represents a $6.64 dividend on an annualized basis and a yield of 3.61%. International Business Machines’s dividend payout ratio (DPR) is presently 81.67%.

Institutional Investors Weigh In On International Business Machines

Hedge funds have recently bought and sold shares of the business. Naples Money Management LLC acquired a new position in shares of International Business Machines in the 4th quarter worth approximately $28,000. Creekmur Asset Management LLC acquired a new position in shares of International Business Machines in the 4th quarter worth approximately $29,000. Ables Iannone Moore & Associates Inc. acquired a new position in shares of International Business Machines in the 4th quarter worth approximately $31,000. Financial Synergies Wealth Advisors Inc. grew its position in shares of International Business Machines by 164.0% in the 1st quarter. Financial Synergies Wealth Advisors Inc. now owns 198 shares of the technology company’s stock worth $38,000 after acquiring an additional 123 shares in the last quarter. Finally, Cornerstone Planning Group LLC acquired a new position in shares of International Business Machines in the 2nd quarter worth approximately $28,000. Institutional investors and hedge funds 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.