International Business Machines (NYSE:IBM) Shares Down 1.3% – What’s Next?

International Business Machines Corporation (NYSE:IBM) traded down 1.3% during mid-day trading on Tuesday . The company traded as low as $292.21 and last traded at $291.06. 612,630 shares traded hands during trading, a decline of 85% from the average session volume of 4,207,424 shares. The stock had previously closed at $294.78.

Wall Street Analyst Weigh In

Several research firms have commented on IBM. Jefferies Financial Group reaffirmed a “hold” rating on shares of International Business Machines in a research note on Wednesday, April 23rd. Wall Street Zen downgraded International Business Machines from a “buy” rating to a “hold” rating in a research report on Wednesday, May 21st. Citigroup reiterated an “outperform” rating on shares of International Business Machines in a research note on Saturday, May 10th. Bank of America raised their price target on International Business Machines from $290.00 to $320.00 and gave the stock a “buy” rating in a research note on Wednesday, June 18th. Finally, Royal Bank Of Canada upped their price objective on shares of International Business Machines from $276.00 to $285.00 and gave the company an “outperform” rating in a research note on Thursday, May 15th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $253.75.

International Business Machines Stock Performance

The company has a current ratio of 1.01, a quick ratio of 0.97 and a debt-to-equity ratio of 2.09. The firm has a market cap of $271.44 billion, a PE ratio of 50.27, a P/E/G ratio of 6.08 and a beta of 0.66. The stock’s 50 day moving average price is $264.09 and its 200 day moving average price is $248.22.

International Business Machines (NYSE:IBM) last released its quarterly earnings data on Wednesday, April 23rd. The technology company reported $1.60 EPS for the quarter, beating the consensus estimate of $1.42 by $0.18. International Business Machines had a return on equity of 37.43% and a net margin of 8.71%. The company had revenue of $14.54 billion for the quarter, compared to analyst estimates of $14.41 billion. During the same period last year, the company posted $1.68 earnings per share. The firm’s revenue was up .5% compared to the same quarter last year. As a group, equities analysts forecast that International Business Machines Corporation will post 10.78 earnings per share for the current fiscal year.

International Business Machines Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Friday, May 9th were given a dividend of $1.68 per share. This is a positive change from International Business Machines’s previous quarterly dividend of $1.67. This represents a $6.72 annualized dividend and a yield of 2.30%. International Business Machines’s payout ratio is 115.66%.

Institutional Trading of International Business Machines

Several large investors have recently bought and sold shares of IBM. Christopher J. Hasenberg Inc purchased a new stake in shares of International Business Machines during the first quarter worth about $27,000. SSA Swiss Advisors AG purchased a new stake in International Business Machines during the 1st quarter worth approximately $28,000. Vision Financial Markets LLC acquired a new position in shares of International Business Machines in the 4th quarter valued at approximately $31,000. Dagco Inc. purchased a new position in shares of International Business Machines during the 1st quarter valued at approximately $31,000. Finally, Silicon Valley Capital Partners grew its position in shares of International Business Machines by 322.6% during the first quarter. Silicon Valley Capital Partners now owns 131 shares of the technology company’s stock worth $32,000 after buying an additional 100 shares in the last quarter. Institutional investors and hedge funds 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.