International Business Machines (NYSE:IBM) Trading Up 2.4% – Should You Buy?

International Business Machines Corporation (NYSE:IBM)’s share price traded up 2.4% during mid-day trading on Friday . The company traded as high as $300.48 and last traded at $297.36. 5,694,967 shares changed hands during mid-day trading, an increase of 16% from the average session volume of 4,904,666 shares. The stock had previously closed at $290.40.

Analyst Ratings Changes

Several equities analysts recently commented on IBM shares. Morgan Stanley decreased their price target on shares of International Business Machines from $256.00 to $252.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 23rd. Wall Street Zen raised shares of International Business Machines from a “hold” rating to a “buy” rating in a report on Sunday, October 26th. BMO Capital Markets increased their target price on shares of International Business Machines from $300.00 to $305.00 and gave the stock a “market perform” rating in a research report on Thursday, October 23rd. Royal Bank Of Canada dropped their price target on shares of International Business Machines from $315.00 to $300.00 and set an “outperform” rating for the company in a research report on Thursday, October 23rd. Finally, UBS Group increased their price target on International Business Machines from $200.00 to $210.00 and gave the stock a “sell” rating in a research report on Thursday, October 23rd. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, International Business Machines currently has an average rating of “Moderate Buy” and an average target price of $291.08.

International Business Machines Stock Up 2.4%

The firm’s 50-day moving average price is $288.67 and its 200 day moving average price is $272.75. The company has a current ratio of 0.93, a quick ratio of 0.89 and a debt-to-equity ratio of 1.97. The company has a market capitalization of $277.95 billion, a price-to-earnings ratio of 35.57, a PEG ratio of 4.33 and a beta of 0.71.

International Business Machines (NYSE:IBM) last announced its quarterly earnings data on Wednesday, October 22nd. The technology company reported $2.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.45 by $0.20. International Business Machines had a net margin of 12.09% and a return on equity of 37.76%. The business had revenue of $16.33 billion for the quarter, compared to analysts’ expectations of $16.10 billion. During the same period last year, the firm posted $2.30 earnings per share. The firm’s quarterly revenue was up 9.1% compared to the same quarter last year. International Business Machines has set its FY 2025 guidance at EPS. On average, sell-side analysts forecast that International Business Machines Corporation will post 10.78 EPS for the current fiscal year.

International Business Machines Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Monday, November 10th will be issued a dividend of $1.68 per share. The ex-dividend date of this dividend is Monday, November 10th. This represents a $6.72 dividend on an annualized basis and a dividend yield of 2.3%. International Business Machines’s payout ratio is 80.38%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Family CFO Inc bought a new stake in shares of International Business Machines during the 2nd quarter valued at approximately $25,000. Winnow Wealth LLC bought a new position in International Business Machines in the 2nd quarter valued at approximately $27,000. SSA Swiss Advisors AG bought a new position in International Business Machines in the 1st quarter valued at approximately $28,000. Mountain Hill Investment Partners Corp. acquired a new stake in International Business Machines during the 3rd quarter worth approximately $28,000. Finally, SWAN Capital LLC bought a new stake in International Business Machines during the 3rd quarter worth approximately $28,000. Institutional investors own 58.96% of the company’s stock.

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.