International Business Machines (NYSE:IBM) Stock Price Down 1.1% After Analyst Downgrade

International Business Machines Co. (NYSE:IBM) was down 1.1% on Friday after Morgan Stanley lowered their price target on the stock from $186.00 to $179.00. Morgan Stanley currently has an equal weight rating on the stock. International Business Machines traded as low as $165.73 and last traded at $167.01. Approximately 3,196,762 shares were traded during trading, a decline of 35% from the average daily volume of 4,933,272 shares. The stock had previously closed at $168.91.

Several other research analysts have also commented on IBM. Jefferies Financial Group dropped their price objective on shares of International Business Machines from $215.00 to $210.00 and set a “hold” rating for the company in a research note on Tuesday. JPMorgan Chase & Co. decreased their price objective on shares of International Business Machines from $190.00 to $185.00 and set a “neutral” rating for the company in a research note on Thursday. Bank of America upped their target price on International Business Machines from $200.00 to $220.00 and gave the company a “buy” rating in a research note on Thursday, March 14th. Evercore raised 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 note on Friday, January 19th. Finally, StockNews.com downgraded International Business Machines from a “buy” rating to a “hold” rating in a research report on Tuesday. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company. According to MarketBeat.com, International Business Machines presently has a consensus rating of “Hold” and a consensus target price of $184.08.

Institutional Trading of International Business Machines

Large investors have recently made changes to their positions in the business. Ballentine Partners LLC boosted its stake in shares of International Business Machines by 1.5% in the third quarter. Ballentine Partners LLC now owns 12,826 shares of the technology company’s stock worth $1,799,000 after buying an additional 194 shares during the last quarter. TFG Advisers LLC increased its holdings in shares of International Business Machines by 11.6% during the 3rd quarter. TFG Advisers LLC now owns 7,538 shares of the technology company’s stock valued at $1,058,000 after purchasing an additional 786 shares in the last quarter. First Personal Financial Services lifted its stake in shares of International Business Machines by 23.8% in the 3rd quarter. First Personal Financial Services now owns 3,544 shares of the technology company’s stock valued at $497,000 after purchasing an additional 681 shares during the period. MCF Advisors LLC boosted its holdings in International Business Machines by 45.5% during the third quarter. MCF Advisors LLC now owns 1,683 shares of the technology company’s stock worth $236,000 after buying an additional 526 shares in the last quarter. Finally, U.S. Capital Wealth Advisors LLC grew its position in International Business Machines by 0.6% during the third quarter. U.S. Capital Wealth Advisors LLC now owns 126,269 shares of the technology company’s stock valued at $17,715,000 after buying an additional 765 shares during the period. 58.96% of the stock is owned by hedge funds and other institutional investors.

International Business Machines Stock Down 1.0 %

The business’s fifty day simple moving average is $187.60 and its two-hundred day simple moving average is $170.15. The company has a market cap of $153.28 billion, a PE ratio of 18.94, a PEG ratio of 3.62 and a beta of 0.70. The company has a debt-to-equity ratio of 2.22, a current ratio of 0.96 and a quick ratio of 0.93.

International Business Machines (NYSE:IBM) last announced its quarterly earnings results on Wednesday, April 24th. The technology company reported $1.68 earnings per share for the quarter, beating the consensus estimate of $1.59 by $0.09. International Business Machines had a return on equity of 40.50% and a net margin of 13.18%. The firm had revenue of $14.46 billion during the quarter, compared to analyst estimates of $14.53 billion. During the same quarter in the previous year, the business earned $1.36 EPS. International Business Machines’s revenue for the quarter was up 1.5% compared to the same quarter last year. On average, analysts predict that International Business Machines Co. will post 10.04 earnings per share for the current year.

International Business Machines Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Saturday, March 9th. Investors of record on Friday, February 9th were paid a $1.66 dividend. The ex-dividend date of this dividend was Thursday, February 8th. This represents a $6.64 dividend on an annualized basis and a yield of 3.97%. International Business Machines’s dividend payout ratio is currently 75.20%.

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.