International Business Machines (NYSE:IBM) Shares Up 0.7% – What’s Next?

International Business Machines Co. (NYSE:IBM) traded up 0.7% on Tuesday . The stock traded as high as $227.45 and last traded at $226.43. 1,031,487 shares were traded during trading, a decline of 68% from the average session volume of 3,219,556 shares. The stock had previously closed at $224.79.

Analyst Upgrades and Downgrades

IBM has been the subject of several recent analyst reports. UBS Group upped their price target on International Business Machines from $150.00 to $160.00 and gave the stock a “sell” rating in a research note on Tuesday, January 14th. The Goldman Sachs Group increased their price target on International Business Machines from $220.00 to $250.00 and gave the company a “buy” rating in a report on Monday, September 30th. JPMorgan Chase & Co. boosted their price objective on shares of International Business Machines from $227.00 to $233.00 and gave the stock a “neutral” rating in a research note on Thursday. BMO Capital Markets raised their target price on shares of International Business Machines from $235.00 to $260.00 and gave the company a “market perform” rating in a research note on Thursday, October 24th. Finally, Sanford C. Bernstein upped their price target on shares of International Business Machines from $210.00 to $215.00 and gave the company a “market perform” rating in a report on Friday, January 3rd. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, International Business Machines has an average rating of “Hold” and an average price target of $220.73.

International Business Machines Stock Up 1.1 %

The firm has a market capitalization of $208.63 billion, a price-to-earnings ratio of 32.84, a price-to-earnings-growth ratio of 4.80 and a beta of 0.74. The business has a 50 day moving average of $223.60 and a 200 day moving average of $211.90. The company has a debt-to-equity ratio of 2.16, a current ratio of 1.06 and a quick ratio of 1.01.

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

International Business Machines Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Tuesday, November 12th were issued a dividend of $1.67 per share. This represents a $6.68 dividend on an annualized basis and a yield of 2.96%. The ex-dividend date of this dividend was Tuesday, November 12th. International Business Machines’s payout ratio is 97.23%.

Insider Transactions at International Business Machines

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

Hedge Funds Weigh In On International Business Machines

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Meeder Asset Management Inc. grew its holdings in International Business Machines by 40.9% during the 3rd quarter. Meeder Asset Management Inc. now owns 572 shares of the technology company’s stock worth $126,000 after acquiring an additional 166 shares during the last quarter. Brady Martz Wealth Solutions LLC bought a new stake in shares of International Business Machines during the fourth quarter valued at approximately $1,940,000. Susquehanna Fundamental Investments LLC bought a new position in International Business Machines in the 2nd quarter worth approximately $7,160,000. Philip James Wealth Mangement LLC bought a new position in International Business Machines in the 3rd quarter valued at $5,117,000. Finally, Nordea Investment Management AB lifted its stake in shares of International Business Machines by 6.5% during the fourth quarter. Nordea Investment Management AB now owns 75,638 shares of the technology company’s stock valued at $16,615,000 after acquiring an additional 4,625 shares during the period. 58.96% of the stock is currently 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.