International Business Machines (NYSE:IBM) Stock Price Down 0.5%

International Business Machines Co. (NYSE:IBM)’s share price dropped 0.5% during trading on Wednesday . The company traded as low as $174.45 and last traded at $175.59. Approximately 487,043 shares changed hands during mid-day trading, a decline of 89% from the average daily volume of 4,440,476 shares. The stock had previously closed at $176.48.

Analyst Ratings Changes

IBM has been the topic of a number of recent research reports. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $200.00 target price on shares of International Business Machines in a report on Wednesday, May 22nd. Stifel Nicolaus reaffirmed a “buy” rating and issued a $190.00 target price on shares of International Business Machines in a report on Thursday, May 16th. UBS Group increased their price target on International Business Machines from $125.00 to $130.00 and gave the stock a “sell” rating in a research note on Monday, April 22nd. BMO Capital Markets cut their price target on International Business Machines from $210.00 to $190.00 and set a “market perform” rating for the company in a research note on Thursday, April 25th. Finally, Jefferies Financial Group cut their price target on International Business Machines from $215.00 to $210.00 and set a “hold” rating for the company in a research note on Tuesday, April 23rd. 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 company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $182.53.

International Business Machines Trading Down 0.2 %

The company has a market cap of $161.82 billion, a PE ratio of 19.89, a price-to-earnings-growth ratio of 4.38 and a beta of 0.71. The company has a debt-to-equity ratio of 2.32, a current ratio of 1.13 and a quick ratio of 1.09. The company has a 50-day moving average of $170.27 and a 200 day moving average of $177.29.

International Business Machines (NYSE:IBM) last released its quarterly earnings results on Tuesday, April 30th. The technology company reported $1.68 EPS for the quarter, topping the consensus estimate of $1.59 by $0.09. The company had revenue of $14.46 billion during the quarter, compared to analyst estimates of $14.53 billion. International Business Machines had a return on equity of 40.21% and a net margin of 13.18%. The firm’s revenue was up 1.5% on a year-over-year basis. During the same quarter last year, the business posted $1.36 earnings per share. Analysts predict that International Business Machines Co. will post 9.9 earnings per share for the current year.

International Business Machines Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 10th. Shareholders of record on Friday, May 10th were paid a $1.67 dividend. The ex-dividend date of this dividend was Thursday, May 9th. This represents a $6.68 annualized dividend and a yield of 3.79%. This is an increase from International Business Machines’s previous quarterly dividend of $1.66. International Business Machines’s dividend payout ratio (DPR) is presently 75.65%.

Institutional Trading of International Business Machines

Several institutional investors have recently added to or reduced their stakes in IBM. Schonfeld Strategic Advisors LLC bought a new stake in International Business Machines in the third quarter worth about $801,000. Silver Oak Securities Incorporated raised its stake in shares of International Business Machines by 20.6% during the third quarter. Silver Oak Securities Incorporated now owns 4,198 shares of the technology company’s stock valued at $589,000 after acquiring an additional 716 shares in the last quarter. Oak Grove Capital LLC raised its stake in shares of International Business Machines by 10.6% during the third quarter. Oak Grove Capital LLC now owns 26,610 shares of the technology company’s stock valued at $3,733,000 after acquiring an additional 2,550 shares in the last quarter. Banque Pictet & Cie SA raised its stake in shares of International Business Machines by 12.2% during the third quarter. Banque Pictet & Cie SA now owns 67,813 shares of the technology company’s stock valued at $9,514,000 after acquiring an additional 7,370 shares in the last quarter. Finally, Quantum Financial Advisors LLC bought a new stake in shares of International Business Machines during the third quarter valued at approximately $248,000. 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.