International Business Machines (NYSE:IBM) Trading 1.2% Higher Following Analyst Upgrade

International Business Machines Co. (NYSE:IBM)’s stock price traded up 1.2% during trading on Tuesday after UBS Group raised their price target on the stock from $125.00 to $130.00. UBS Group currently has a sell rating on the stock. International Business Machines traded as high as $184.23 and last traded at $184.02. 627,067 shares were traded during mid-day trading, a decline of 87% from the average session volume of 4,703,278 shares. The stock had previously closed at $181.90.

IBM has been the subject of a number of other reports. Stifel Nicolaus reissued a “buy” rating and set a $190.00 price target on shares of International Business Machines in a research report on Wednesday, April 17th. Societe Generale reissued a “sell” rating and set a $143.00 price target on shares of International Business Machines in a research report on Friday, January 5th. Evercore raised shares of International Business Machines from an “in-line” rating to an “outperform” rating and lifted their price target for the company from $165.00 to $200.00 in a research report on Friday, January 19th. Sanford C. Bernstein lifted their price target on shares of International Business Machines from $165.00 to $186.00 and gave the company a “market perform” rating in a research report on Thursday, March 7th. Finally, Evercore ISI raised shares of International Business Machines from an “in-line” rating to an “outperform” rating and lifted their price target for the company from $165.00 to $200.00 in a research report on Friday, January 19th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $177.23.

Institutional Trading of International Business Machines

A number of large investors have recently made changes to their positions in the stock. Norges Bank purchased a new position in International Business Machines during the fourth quarter valued at approximately $1,019,009,000. International Assets Investment Management LLC raised its stake in International Business Machines by 15,439.1% during the fourth quarter. International Assets Investment Management LLC now owns 2,653,462 shares of the technology company’s stock valued at $433,974,000 after purchasing an additional 2,636,386 shares in the last quarter. Morgan Stanley raised its stake in International Business Machines by 13.4% during the third quarter. Morgan Stanley now owns 16,257,789 shares of the technology company’s stock valued at $2,280,968,000 after purchasing an additional 1,919,490 shares in the last quarter. Capital Wealth Planning LLC purchased a new stake in International Business Machines during the fourth quarter valued at $172,887,000. Finally, California Public Employees Retirement System raised its stake in International Business Machines by 15.9% during the third quarter. California Public Employees Retirement System now owns 6,345,842 shares of the technology company’s stock valued at $890,322,000 after purchasing an additional 871,247 shares in the last quarter. 58.96% of the stock is currently owned by institutional investors.

International Business Machines Trading Up 1.0 %

The company has a market cap of $168.69 billion, a PE ratio of 22.63, a P/E/G ratio of 3.57 and a beta of 0.70. The stock’s 50 day moving average is $188.36 and its 200-day moving average is $169.98. The company has a quick ratio of 0.93, a current ratio of 0.96 and a debt-to-equity ratio of 2.22.

International Business Machines (NYSE:IBM) last posted its quarterly earnings data on Wednesday, April 24th. The technology company reported $1.68 earnings per share for the quarter, beating analysts’ consensus estimates of $1.59 by $0.09. International Business Machines had a net margin of 12.13% and a return on equity of 39.55%. The business had revenue of $14.46 billion for the quarter, compared to analysts’ expectations of $14.53 billion. During the same quarter in the previous year, the business posted $1.36 earnings per share. The business’s revenue was up 1.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that International Business Machines Co. will post 10.04 EPS for the current year.

International Business Machines Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Saturday, March 9th. Shareholders of record on Friday, February 9th were given a dividend of $1.66 per share. This represents a $6.64 dividend on an annualized basis and a yield of 3.61%. The ex-dividend date of this dividend was Thursday, February 8th. International Business Machines’s dividend payout ratio (DPR) is 81.67%.

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.