International Business Machines (NYSE:IBM) Trading 0.5% Higher

International Business Machines Co. (NYSE:IBM) rose 0.5% during trading on Friday . The company traded as high as $182.80 and last traded at $182.37. Approximately 581,449 shares changed hands during mid-day trading, a decline of 88% from the average daily volume of 4,746,790 shares. The stock had previously closed at $181.47.

Wall Street Analyst Weigh In

IBM has been the topic of a number of recent research reports. Evercore upgraded shares of International Business Machines from an “in-line” rating to an “outperform” rating and boosted their price target for the stock from $165.00 to $200.00 in a research note on Friday, January 19th. BMO Capital Markets upped their target price on shares of International Business Machines from $155.00 to $210.00 and gave the stock a “market perform” rating in a research note on Thursday, January 25th. StockNews.com lowered shares of International Business Machines from a “buy” rating to a “hold” rating in a research note on Thursday, April 11th. Sanford C. Bernstein increased their price target on shares of International Business Machines from $165.00 to $186.00 and gave the company a “market perform” rating in a research note on Thursday, March 7th. Finally, Jefferies Financial Group began coverage on shares of International Business Machines in a research note on Friday, January 5th. They issued a “hold” rating and a $180.00 price target on the stock. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, International Business Machines currently has an average rating of “Hold” and an average price target of $178.67.

International Business Machines Stock Performance

The company has a debt-to-equity ratio of 2.22, a current ratio of 0.96 and a quick ratio of 0.93. The firm has a market cap of $165.96 billion, a price-to-earnings ratio of 22.43, a price-to-earnings-growth ratio of 3.58 and a beta of 0.70. The company has a fifty day moving average price of $188.56 and a two-hundred day moving average price of $168.63.

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

International Business Machines Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Saturday, March 9th. Investors of record on Friday, February 9th were given a dividend of $1.66 per share. This represents a $6.64 annualized dividend and a yield of 3.67%. The ex-dividend date of this dividend was Thursday, February 8th. International Business Machines’s payout ratio is 81.67%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of IBM. Vanguard Group Inc. lifted its holdings in International Business Machines by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 82,605,859 shares of the technology company’s stock worth $13,510,188,000 after acquiring an additional 529,664 shares in the last quarter. Morgan Stanley lifted its holdings in International Business Machines by 22.8% during the fourth quarter. Morgan Stanley now owns 16,592,094 shares of the technology company’s stock worth $2,337,660,000 after acquiring an additional 3,084,458 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in International Business Machines by 7.3% during the first quarter. Charles Schwab Investment Management Inc. now owns 16,297,545 shares of the technology company’s stock worth $2,119,007,000 after acquiring an additional 1,105,170 shares in the last quarter. Moneta Group Investment Advisors LLC raised its stake in shares of International Business Machines by 98,797.1% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 11,029,001 shares of the technology company’s stock valued at $1,553,876,000 after purchasing an additional 11,017,849 shares during the period. Finally, Northern Trust Corp raised its stake in shares of International Business Machines by 4.2% in the 3rd quarter. Northern Trust Corp now owns 9,970,674 shares of the technology company’s stock valued at $1,398,886,000 after purchasing an additional 404,948 shares during the period. 58.96% of the stock is owned by institutional investors and hedge funds.

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.