International Business Machines (NYSE:IBM) Stock Price Up 1.1% – What’s Next?

International Business Machines Co. (NYSE:IBM) shot up 1.1% during mid-day trading on Friday . The company traded as high as $225.96 and last traded at $225.09. 1,112,466 shares changed hands during trading, a decline of 63% from the average session volume of 3,028,195 shares. The stock had previously closed at $222.66.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Bank of America increased their price target on International Business Machines from $209.00 to $250.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. Stifel Nicolaus raised their price target on shares of International Business Machines from $205.00 to $246.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. Bernstein Bank upped their price target on shares of International Business Machines from $185.00 to $210.00 and gave the company a “market perform” rating in a report on Thursday, October 3rd. Sanford C. Bernstein raised their price objective on shares of International Business Machines from $210.00 to $215.00 and gave the stock a “market perform” rating in a report on Friday, January 3rd. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $250.00 target price on shares of International Business Machines in a research note on Thursday, October 24th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $215.81.

International Business Machines Stock Performance

The company has a debt-to-equity ratio of 2.16, a quick ratio of 1.01 and a current ratio of 1.06. The stock has a market capitalization of $207.80 billion, a P/E ratio of 32.71, a P/E/G ratio of 4.71 and a beta of 0.74. The stock has a 50 day moving average of $222.87 and a 200 day moving average of $210.66.

International Business Machines (NYSE:IBM) last released its quarterly earnings data on Wednesday, October 23rd. The technology company reported $2.30 earnings per share for the quarter, topping analysts’ consensus estimates of $2.27 by $0.03. The business had revenue of $14.97 billion for the quarter, compared to analysts’ expectations of $15.08 billion. International Business Machines had a net margin of 10.22% and a return on equity of 40.52%. The company’s revenue for the quarter was up 1.5% compared to the same quarter last year. During the same quarter last year, the company earned $2.20 EPS. Equities analysts predict that International Business Machines Co. will post 10.16 EPS for the current year.

International Business Machines Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Tuesday, November 12th were issued a $1.67 dividend. This represents a $6.68 dividend on an annualized basis and a yield of 2.97%. The ex-dividend date of this dividend was Tuesday, November 12th. International Business Machines’s dividend payout ratio (DPR) is 97.23%.

Insider Buying and Selling at International Business Machines

In other International Business Machines news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of the firm’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $215.20, for a total transaction of $774,720.00. Following the transaction, the senior vice president now owns 25,390 shares of the company’s stock, valued at approximately $5,463,928. This trade represents a 12.42 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.07% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Massachusetts Financial Services Co. MA lifted its holdings in shares of International Business Machines by 13.5% in the second quarter. Massachusetts Financial Services Co. MA now owns 77,189 shares of the technology company’s stock valued at $13,350,000 after buying an additional 9,155 shares during the period. Ieq Capital LLC lifted its holdings in International Business Machines by 9.8% in the 2nd quarter. Ieq Capital LLC now owns 40,278 shares of the technology company’s stock valued at $6,966,000 after acquiring an additional 3,600 shares during the last quarter. Bridges Investment Management Inc. boosted its position in shares of International Business Machines by 46.3% during the 2nd quarter. Bridges Investment Management Inc. now owns 12,438 shares of the technology company’s stock valued at $2,151,000 after purchasing an additional 3,936 shares in the last quarter. Hollencrest Capital Management grew its stake in shares of International Business Machines by 35.2% in the 2nd quarter. Hollencrest Capital Management now owns 938 shares of the technology company’s stock worth $162,000 after purchasing an additional 244 shares during the last quarter. Finally, Sei Investments Co. raised its holdings in shares of International Business Machines by 18.6% in the 2nd quarter. Sei Investments Co. now owns 250,229 shares of the technology company’s stock worth $43,276,000 after purchasing an additional 39,212 shares in the last quarter. 58.96% of the stock is currently owned by 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.