International Business Machines (NYSE:IBM) Shares Down 0.5% – Here’s Why

International Business Machines Co. (NYSE:IBM) shares traded down 0.5% during trading on Wednesday . The company traded as low as $252.02 and last traded at $253.32. 504,029 shares changed hands during trading, a decline of 89% from the average session volume of 4,691,920 shares. The stock had previously closed at $254.70.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. UBS Group increased their target price on shares of International Business Machines from $150.00 to $160.00 and gave the company a “sell” rating in a research report on Tuesday, January 14th. Jefferies Financial Group boosted their price target on shares of International Business Machines from $245.00 to $270.00 and gave the stock a “hold” rating in a research report on Thursday, January 30th. Oppenheimer initiated coverage on shares of International Business Machines in a research note on Tuesday. They issued an “outperform” rating and a $320.00 price objective on the stock. Morgan Stanley increased their target price on shares of International Business Machines from $217.00 to $228.00 and gave the company an “equal weight” rating in a research note on Thursday, January 30th. Finally, Sanford C. Bernstein lifted their target price on International Business Machines from $210.00 to $215.00 and gave the stock a “market perform” rating in a report on Friday, January 3rd. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $231.44.

International Business Machines Trading Up 0.2 %

The business has a 50-day moving average price of $230.70 and a 200-day moving average price of $218.22. The firm has a market capitalization of $236.07 billion, a P/E ratio of 39.82, a PEG ratio of 5.57 and a beta of 0.76. The company has a quick ratio of 1.00, a current ratio of 1.04 and a debt-to-equity ratio of 1.82.

International Business Machines (NYSE:IBM) last posted its earnings results on Wednesday, January 29th. The technology company reported $3.92 earnings per share for the quarter, topping the consensus estimate of $3.77 by $0.15. International Business Machines had a net margin of 9.60% and a return on equity of 38.99%. Analysts anticipate that International Business Machines Co. will post 10.75 earnings per share for the current year.

International Business Machines Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Monday, February 10th will be paid a $1.67 dividend. The ex-dividend date of this dividend is Monday, February 10th. This represents a $6.68 annualized dividend and a dividend yield of 2.62%. International Business Machines’s dividend payout ratio (DPR) is currently 104.21%.

Institutional Investors Weigh In On International Business Machines

A number of institutional investors and hedge funds have recently modified their holdings of the business. Compass Financial Services Inc acquired a new position in International Business Machines during the fourth quarter valued at approximately $26,000. Hazlett Burt & Watson Inc. grew its holdings in shares of International Business Machines by 1,054.5% in the 3rd quarter. Hazlett Burt & Watson Inc. now owns 127 shares of the technology company’s stock valued at $29,000 after buying an additional 116 shares during the period. Hara Capital LLC bought a new stake in shares of International Business Machines in the third quarter worth about $29,000. Vision Financial Markets LLC bought a new position in International Business Machines in the fourth quarter valued at approximately $31,000. Finally, Avondale Wealth Management boosted its holdings in shares of International Business Machines by 56.0% in the fourth quarter. Avondale Wealth Management now owns 156 shares of the technology company’s stock valued at $34,000 after buying an additional 56 shares during the period. 58.96% of the stock is 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.