International Business Machines (NYSE:IBM) Trading Down 0.2%

International Business Machines Co. (NYSE:IBM)’s stock price fell 0.2% during trading on Monday . The stock traded as low as $181.01 and last traded at $181.26. 603,220 shares changed hands during mid-day trading, a decline of 87% from the average session volume of 4,725,361 shares. The stock had previously closed at $181.58.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. Societe Generale reiterated a “sell” rating and issued a $143.00 target price on shares of International Business Machines in a research note on Friday, January 5th. Evercore raised shares of International Business Machines from an “in-line” rating to an “outperform” rating and lifted their price target for the stock from $165.00 to $200.00 in a research report on Friday, January 19th. Jefferies Financial Group reduced their price target on shares of International Business Machines from $215.00 to $210.00 and set a “hold” rating on the stock in a research report on Tuesday. Bank of America lifted their price target on shares of International Business Machines from $200.00 to $220.00 and gave the stock a “buy” rating in a research report on Thursday, March 14th. Finally, UBS Group lifted their price target on shares of International Business Machines from $125.00 to $130.00 and gave the stock a “sell” rating in a research report on Monday. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $177.23.

International Business Machines Stock Up 0.2 %

The company has a market capitalization of $167.02 billion, a price-to-earnings ratio of 22.41, a price-to-earnings-growth ratio of 3.57 and a beta of 0.70. The firm’s 50 day moving average price is $188.35 and its two-hundred day moving average price is $169.88. The company has a current ratio of 0.96, a quick ratio of 0.93 and a debt-to-equity ratio of 2.22.

International Business Machines (NYSE:IBM) last announced its quarterly earnings results on Wednesday, January 24th. The technology company reported $3.87 EPS for the quarter, beating analysts’ consensus estimates of $3.78 by $0.09. International Business Machines had a net margin of 12.13% and a return on equity of 39.55%. The business had revenue of $17.38 billion for the quarter, compared to analyst estimates of $17.29 billion. During the same quarter in the prior year, the business earned $3.60 EPS. International Business Machines’s quarterly revenue was up 4.1% on a year-over-year basis. Sell-side analysts anticipate that International Business Machines Co. will post 10.04 earnings per share for the current fiscal year.

International Business Machines Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Saturday, March 9th. Investors of record on Friday, February 9th were paid a $1.66 dividend. The ex-dividend date was Thursday, February 8th. This represents a $6.64 dividend on an annualized basis and a yield of 3.64%. International Business Machines’s dividend payout ratio (DPR) is currently 81.67%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of IBM. Vontobel Holding Ltd. grew its position in shares of International Business Machines by 20.3% during the 4th quarter. Vontobel Holding Ltd. now owns 477,193 shares of the technology company’s stock worth $78,045,000 after purchasing an additional 80,474 shares in the last quarter. Natixis Advisors L.P. lifted its holdings in shares of International Business Machines by 18.1% during the 3rd quarter. Natixis Advisors L.P. now owns 372,307 shares of the technology company’s stock worth $52,235,000 after acquiring an additional 57,170 shares during the period. Herold Advisors Inc. lifted its holdings in shares of International Business Machines by 3.2% during the 3rd quarter. Herold Advisors Inc. now owns 21,880 shares of the technology company’s stock worth $3,070,000 after acquiring an additional 688 shares during the period. Tsfg LLC lifted its holdings in shares of International Business Machines by 40.5% during the 4th quarter. Tsfg LLC now owns 378 shares of the technology company’s stock worth $62,000 after acquiring an additional 109 shares during the period. Finally, Mizuho Securities Co. Ltd. bought a new stake in shares of International Business Machines during the 3rd quarter worth approximately $661,000. 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.