International Business Machines (NYSE:IBM) Shares Up 0% – Here’s What Happened

Shares of International Business Machines Co. (NYSE:IBM) rose 0% during mid-day trading on Thursday . The company traded as high as $256.17 and last traded at $255.91. Approximately 448,009 shares traded hands during trading, a decline of 90% from the average daily volume of 4,634,271 shares. The stock had previously closed at $255.81.

Wall Street Analysts Forecast Growth

IBM has been the subject of a number of research analyst reports. Sanford C. Bernstein raised their price target on International Business Machines from $210.00 to $215.00 and gave the stock a “market perform” rating in a research note on Friday, January 3rd. BMO Capital Markets raised their price target on 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. Jefferies Financial Group raised their price target on International Business Machines from $245.00 to $270.00 and gave the stock a “hold” rating in a research note on Thursday, January 30th. UBS Group raised their price objective on International Business Machines from $150.00 to $160.00 and gave the stock a “sell” rating in a report on Tuesday, January 14th. Finally, Bank of America raised their price objective on International Business Machines from $260.00 to $270.00 and gave the stock a “buy” rating in a report on Thursday, January 30th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, International Business Machines has a consensus rating of “Hold” and an average price target of $231.44.

International Business Machines Price Performance

The company has a debt-to-equity ratio of 1.82, a quick ratio of 1.00 and a current ratio of 1.04. The firm has a market capitalization of $238.60 billion, a PE ratio of 40.27, a P/E/G ratio of 5.57 and a beta of 0.76. The stock has a fifty day moving average price of $231.15 and a 200-day moving average price of $218.49.

International Business Machines (NYSE:IBM) last posted its quarterly earnings data on Wednesday, January 29th. The technology company reported $3.92 earnings per share for the quarter, topping analysts’ consensus estimates of $3.77 by $0.15. International Business Machines had a return on equity of 38.99% and a net margin of 9.60%. Sell-side analysts forecast that International Business Machines Co. will post 10.75 EPS for the current fiscal year.

International Business Machines Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Investors 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 2.59%. International Business Machines’s dividend payout ratio is presently 104.21%.

Institutional Investors Weigh In On International Business Machines

Large investors have recently bought and sold shares of the company. Compass Financial Services Inc purchased a new stake in shares of International Business Machines in the fourth quarter valued at approximately $26,000. Hazlett Burt & Watson Inc. lifted its holdings in International Business Machines by 1,054.5% in the third quarter. Hazlett Burt & Watson Inc. now owns 127 shares of the technology company’s stock valued at $29,000 after acquiring an additional 116 shares during the last quarter. Hara Capital LLC acquired a new position in International Business Machines in the third quarter valued at approximately $29,000. Vision Financial Markets LLC acquired a new position in International Business Machines in the fourth quarter valued at approximately $31,000. Finally, Avondale Wealth Management lifted its holdings in 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 acquiring an additional 56 shares during the last quarter. 58.96% of the stock is currently owned by hedge funds and other 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.