International Business Machines (NYSE:IBM) Stock Price Up 0.6% – What’s Next?

International Business Machines Co. (NYSE:IBM)’s share price rose 0.6% during mid-day trading on Monday . The stock traded as high as $261.94 and last traded at $260.65. Approximately 3,922,262 shares changed hands during mid-day trading, a decline of 25% from the average daily volume of 5,199,203 shares. The stock had previously closed at $259.19.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on IBM. Sanford C. Bernstein raised their price objective 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. Jefferies Financial Group raised their target price on International Business Machines from $245.00 to $270.00 and gave the stock a “hold” rating in a research report on Thursday, January 30th. Bank of America increased their price target on International Business Machines from $260.00 to $270.00 and gave the company a “buy” rating in a research note on Thursday, January 30th. Morgan Stanley lifted their price objective on International Business Machines from $217.00 to $228.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 30th. Finally, Oppenheimer assumed coverage on shares of International Business Machines in a research report on Tuesday, February 11th. They set an “outperform” rating and a $320.00 target price for the company. Two analysts have rated the stock with a sell rating, seven have given a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, International Business Machines presently has an average rating of “Hold” and an average target price of $231.44.

International Business Machines Trading Up 0.6 %

The business has a fifty day moving average of $232.08 and a 200-day moving average of $219.64. The company has a debt-to-equity ratio of 1.82, a quick ratio of 1.00 and a current ratio of 1.04. The company has a market capitalization of $241.01 billion, a P/E ratio of 40.66, a PEG ratio of 5.57 and a beta of 0.76.

International Business Machines (NYSE:IBM) last released its quarterly earnings results on Wednesday, January 29th. The technology company reported $3.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.77 by $0.15. International Business Machines had a return on equity of 38.99% and a net margin of 9.60%. Analysts anticipate that International Business Machines Co. will post 10.75 earnings per share for the current fiscal year.

International Business Machines Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Monday, February 10th will be paid a dividend of $1.67 per share. This represents a $6.68 annualized dividend and a yield of 2.56%. The ex-dividend date of this dividend is Monday, February 10th. International Business Machines’s dividend payout ratio (DPR) is presently 104.21%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Creative Planning boosted its holdings in shares of International Business Machines by 5.1% in the 3rd quarter. Creative Planning now owns 300,740 shares of the technology company’s stock worth $66,488,000 after buying an additional 14,677 shares during the last quarter. Stratos Investment Management LLC purchased a new position in International Business Machines in the third quarter valued at about $413,000. Embree Financial Group grew its position in shares of International Business Machines by 4.0% during the 3rd quarter. Embree Financial Group now owns 1,595 shares of the technology company’s stock valued at $353,000 after acquiring an additional 62 shares during the period. Chicago Capital LLC increased its stake in shares of International Business Machines by 12.3% during the 3rd quarter. Chicago Capital LLC now owns 10,048 shares of the technology company’s stock worth $2,221,000 after purchasing an additional 1,098 shares during the last quarter. Finally, Veracity Capital LLC lifted its stake in International Business Machines by 1.5% in the third quarter. Veracity Capital LLC now owns 4,936 shares of the technology company’s stock valued at $1,091,000 after purchasing an additional 74 shares during the last quarter. 58.96% of the stock is currently owned by hedge funds and other 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.