International Business Machines (NYSE:IBM) Shares Down 0% – What’s Next?

International Business Machines Co. (NYSE:IBM) shares fell 0% during mid-day trading on Tuesday . The stock traded as low as $259.83 and last traded at $261.22. 870,185 shares traded hands during trading, a decline of 81% from the average session volume of 4,621,599 shares. The stock had previously closed at $261.28.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on IBM. Jefferies Financial Group increased 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. Bank of America increased their price target on shares of International Business Machines from $260.00 to $270.00 and gave the stock a “buy” rating in a research report on Thursday, January 30th. BMO Capital Markets upped their target price on shares of International Business Machines from $260.00 to $280.00 and gave the stock a “market perform” rating in a research note on Thursday, January 30th. Wedbush started coverage on shares of International Business Machines in a research note on Monday, February 3rd. They set an “outperform” rating on the stock. Finally, Oppenheimer started coverage on shares of International Business Machines in a research note on Tuesday, February 11th. They set an “outperform” rating and a $320.00 target price on the stock. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, International Business Machines currently has a consensus rating of “Hold” and an average target price of $231.44.

International Business Machines Price Performance

The company has a market capitalization of $243.04 billion, a PE ratio of 41.01, a price-to-earnings-growth ratio of 5.57 and a beta of 0.76. The company has a debt-to-equity ratio of 1.82, a current ratio of 1.04 and a quick ratio of 1.00. The company’s 50 day simple moving average is $232.70 and its 200 day simple moving average is $220.14.

International Business Machines (NYSE:IBM) last announced its quarterly earnings results on Wednesday, January 29th. The technology company reported $3.92 EPS for the quarter, beating 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%. As a group, sell-side analysts predict 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 disclosed a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Monday, February 10th will be issued a $1.67 dividend. This represents a $6.68 annualized dividend and a dividend yield of 2.54%. The ex-dividend date is Monday, February 10th. International Business Machines’s payout ratio is currently 104.21%.

Institutional Investors Weigh In On International Business Machines

Large investors have recently modified their holdings of the company. Meeder Asset Management Inc. lifted its holdings in International Business Machines by 40.9% in the third quarter. Meeder Asset Management Inc. now owns 572 shares of the technology company’s stock valued at $126,000 after acquiring an additional 166 shares during the period. Blue Zone Wealth Advisors LLC acquired a new stake in International Business Machines in the fourth quarter valued at $242,000. Brady Martz Wealth Solutions LLC acquired a new stake in International Business Machines in the fourth quarter valued at $1,940,000. Tranquilli Financial Advisor LLC acquired a new stake in International Business Machines in the fourth quarter valued at $373,000. Finally, Philip James Wealth Mangement LLC acquired a new stake in International Business Machines in the third quarter valued at $5,117,000. 58.96% of the stock is owned by institutional investors and hedge funds.

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.