International Business Machines (NYSE:IBM) Trading 1.3% Higher – Should You Buy?

International Business Machines Corporation (NYSE:IBM) shot up 1.3% during trading on Monday . The stock traded as high as $252.31 and last traded at $251.72. 1,010,268 shares changed hands during mid-day trading, a decline of 78% from the average session volume of 4,647,236 shares. The stock had previously closed at $248.53.

Analysts Set New Price Targets

Several research firms have recently commented on IBM. BMO Capital Markets upped their price target on shares of International Business Machines from $260.00 to $300.00 and gave the company a “market perform” rating in a research report on Friday, July 18th. The Goldman Sachs Group upped their target price on International Business Machines from $270.00 to $310.00 and gave the company a “buy” rating in a research report on Wednesday, July 2nd. Melius Research upgraded International Business Machines to a “strong-buy” rating in a research note on Monday, July 7th. Wedbush upped their target price on International Business Machines from $300.00 to $325.00 and gave the stock an “outperform” rating in a research report on Friday, June 20th. Finally, UBS Group increased their target price on shares of International Business Machines from $195.00 to $200.00 and gave the stock a “sell” rating in a research report on Thursday, July 24th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $268.75.

International Business Machines Price Performance

The company has a debt-to-equity ratio of 2.00, a current ratio of 0.91 and a quick ratio of 0.87. The firm’s 50-day moving average is $261.07 and its 200-day moving average is $257.01. The company has a market capitalization of $238.14 billion, a P/E ratio of 41.59, a price-to-earnings-growth ratio of 3.83 and a beta of 0.71.

International Business Machines (NYSE:IBM) last released its quarterly earnings results on Wednesday, July 23rd. The technology company reported $2.80 earnings per share for the quarter, beating analysts’ consensus estimates of $2.65 by $0.15. The business had revenue of $16.98 billion for the quarter, compared to analysts’ expectations of $16.58 billion. International Business Machines had a net margin of 9.11% and a return on equity of 37.62%. The company’s revenue was up 7.7% compared to the same quarter last year. During the same period last year, the business earned $2.43 EPS. International Business Machines has set its FY 2025 guidance at EPS. Analysts predict that International Business Machines Corporation will post 10.78 EPS for the current fiscal year.

International Business Machines Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Friday, August 8th will be given a dividend of $1.68 per share. This represents a $6.72 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend is Friday, August 8th. International Business Machines’s payout ratio is presently 109.09%.

Institutional Trading of International Business Machines

A number of institutional investors have recently modified their holdings of the company. Reynders McVeigh Capital Management LLC increased its stake in shares of International Business Machines by 3.3% in the 2nd quarter. Reynders McVeigh Capital Management LLC now owns 125,244 shares of the technology company’s stock valued at $36,919,000 after purchasing an additional 4,047 shares during the last quarter. V. M. Manning & CO. Inc. purchased a new position in shares of International Business Machines during the second quarter valued at approximately $766,000. Osaic Holdings Inc. grew its position in shares of International Business Machines by 2.1% during the 2nd quarter. Osaic Holdings Inc. now owns 409,678 shares of the technology company’s stock valued at $119,903,000 after acquiring an additional 8,358 shares during the period. Q3 Asset Management bought a new stake in shares of International Business Machines in the 2nd quarter worth about $302,000. Finally, Evolution Wealth Management Inc. purchased a new position in shares of International Business Machines during the second quarter worth approximately $88,000. 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.