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International Business Machines (NYSE:IBM) rises 0.5%


The shares of International Business Machines Co. (NYSE:IBM – Get Free Report) rose 0.5% in trading on Friday. The stock traded as high as $182.80 and last traded at $182.37. During trading, 581,449 shares were traded, an 88% decline from the average session volume of 4,746,790 shares. The stock previously closed at $181.47.

Analyst upgrades and downgrades

Several research analysts have commented on the company. Evercore ISI upgraded International Business Machines from an “in-line” rating to an “outperform” rating and raised their price target for the stock from $165.00 to $200.00 in a research report on Friday, January 19. StockNews.com downgraded International Business Machines from a “buy” rating to a “hold” rating in a research report on Thursday, April 11. Societe Generale reaffirmed a “sell” rating and set a $143.00 price target on shares of International Business Machines in a research report on Friday, January 5th. Bank of America lifted their price target on International Business Machines from $200.00 to $220.00 and gave the stock a “buy” rating in a research report on Thursday, March 14. Finally, BMO Capital Markets raised their price target on International Business Machines from $155.00 to $210.00 and gave the company a “market perform” rating in a research note on Thursday, January 25. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, International Business Machines currently has a consensus rating of ‘Hold’ and a consensus target price of $178.67.

Read our latest IBM stock report

Inventory performance of international business machines

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 stock has a market cap of $166.46 billion, a price-to-earnings ratio of 22.33, a price-to-earnings ratio of 3.57 and a beta of 0.70. The stock has a 50-day moving average of $188.46 and a two-hundred-day moving average of $169.11.

International Business Machines (NYSE:IBM – Get Free Report) posted its latest earnings results on Wednesday, January 24. The technology company reported $3.87 earnings per share for the quarter, beating analysts’ consensus estimates of $3.78 by $0.09. The company had revenue of $17.38 billion for the quarter, compared to the consensus estimate of $17.29 billion. International Business Machines had a return on equity of 39.55% and a net margin of 12.13%. International Business Machines’ quarterly turnover increased by 4.1% compared to the same quarter last year. During the same period last year, the company earned earnings per share of $3.60. Research analysts expect International Business Machines Co. will record a profit per share of 10.04 for the current financial year.

International Business Machines announces dividend

The company also recently declared a quarterly dividend, which was paid on Saturday, March 9. Shareholders of record received a $1.66 dividend on Friday, February 9. The ex-dividend date of this dividend was Thursday, February 8. This represents a dividend of $6.64 annually and a dividend yield of 3.66%. International Business Machines’ dividend payout ratio (DPR) is 81.67%.

Hedge funds are weighing on the machines of international business

Institutional investors have recently increased or decreased their stakes in the company. Vontobel Holding Ltd. increased its stake in International Business Machines by 20.3% in the fourth quarter. Vontobel Holding Ltd. now owns 477,193 shares of the technology company, valued at $78,045,000, after purchasing an additional 80,474 shares in the last quarter. Natixis Advisors LP increased its position in shares of International Business Machines by 18.1% in the third quarter. Natixis Advisors LP now owns 372,307 shares of the technology company’s stock worth $52,235,000 after purchasing an additional 57,170 shares during the period. Herold Advisors Inc. strengthened its position in International Business Machines shares by 3.2% in the third quarter. Herold Advisors Inc. now owns 21,880 shares of the technology company’s stock worth $3,070,000 after purchasing an additional 688 shares during the period. Tsfg LLC boosted its position in shares of International Business Machines by 40.5% in the fourth quarter. Tsfg LLC now owns 378 shares of the technology company’s stock worth $62,000 after purchasing an additional 109 shares during the period. Finally, Mizuho bought Securities Co. Ltd. in the third quarter, a new stake in shares of International Business Machines worth approximately $661,000. 58.96% of the shares are currently held by institutional investors and hedge funds.

About international business machines

(Get a free report)

International Business Machines Corporation, together with its subsidiaries, provides integrated solutions and services worldwide. The company operates through the Software, Consulting, Infrastructure and Financing segments. The Software segment offers hybrid cloud and AI platforms that enable customers to realize their digital and AI transformations in the applications, data and environments in which they operate.

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