International Business Machines (NYSE:IBM) Shares Up 0.9% – What’s Next?

Shares of International Business Machines Co. (NYSE:IBM) were up 0.9% during trading on Monday . The company traded as high as $225.96 and last traded at $224.73. Approximately 5,481,686 shares were traded during mid-day trading, an increase of 83% from the average daily volume of 2,994,162 shares. The stock had previously closed at $222.66.

Analyst Upgrades and Downgrades

A number of analysts have commented on IBM shares. Sanford C. Bernstein raised their price objective on International Business Machines from $210.00 to $215.00 and gave the stock a “market perform” rating in a research report on Friday, January 3rd. Morgan Stanley raised their price objective on International Business Machines from $208.00 to $222.00 and gave the stock an “equal weight” rating in a research report on Monday, December 16th. Bank of America raised their price objective on International Business Machines from $209.00 to $250.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. DZ Bank downgraded International Business Machines from a “buy” rating to a “hold” rating and set a $215.00 price objective for the company. in a research report on Wednesday, October 2nd. Finally, Royal Bank of Canada restated an “outperform” rating and set a $250.00 target price on shares of International Business Machines in a research report on Thursday, October 24th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, International Business Machines has an average rating of “Hold” and a consensus price target of $216.87.

International Business Machines Trading Up 0.9 %

The company has a market capitalization of $207.80 billion, a P/E ratio of 32.71, a price-to-earnings-growth ratio of 4.71 and a beta of 0.74. The business has a fifty day moving average price of $222.87 and a 200 day moving average price of $211.14. The company has a quick ratio of 1.01, a current ratio of 1.06 and a debt-to-equity ratio of 2.16.

International Business Machines (NYSE:IBM) last released its earnings results on Wednesday, October 23rd. The technology company reported $2.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.27 by $0.03. The business had revenue of $14.97 billion for the quarter, compared to the consensus estimate of $15.08 billion. International Business Machines had a return on equity of 40.52% and a net margin of 10.22%. International Business Machines’s quarterly revenue was up 1.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.20 earnings per share. On average, analysts expect that International Business Machines Co. will post 10.16 earnings per share for the current fiscal year.

International Business Machines Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Tuesday, November 12th were given a $1.67 dividend. This represents a $6.68 annualized dividend and a dividend yield of 2.97%. The ex-dividend date was Tuesday, November 12th. International Business Machines’s payout ratio is 97.23%.

Insider Activity

In related news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of the business’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $215.20, for a total value of $774,720.00. Following the completion of the sale, the senior vice president now directly owns 25,390 shares in the company, valued at approximately $5,463,928. The trade was a 12.42 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. 0.07% of the stock is owned by company insiders.

Institutional Investors Weigh In On International Business Machines

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Secure Asset Management LLC increased its holdings in International Business Machines by 55.1% in the fourth quarter. Secure Asset Management LLC now owns 4,209 shares of the technology company’s stock valued at $925,000 after purchasing an additional 1,495 shares during the period. Red Door Wealth Management LLC lifted its position in International Business Machines by 15.9% in the 4th quarter. Red Door Wealth Management LLC now owns 5,141 shares of the technology company’s stock valued at $1,130,000 after acquiring an additional 706 shares in the last quarter. Capital Planning Advisors LLC lifted its position in International Business Machines by 3.5% in the 4th quarter. Capital Planning Advisors LLC now owns 29,693 shares of the technology company’s stock valued at $6,527,000 after acquiring an additional 997 shares in the last quarter. Goldstein Advisors LLC lifted its position in International Business Machines by 58.8% in the 4th quarter. Goldstein Advisors LLC now owns 1,932 shares of the technology company’s stock valued at $425,000 after acquiring an additional 715 shares in the last quarter. Finally, Avior Wealth Management LLC lifted its position in International Business Machines by 1.4% in the 4th quarter. Avior Wealth Management LLC now owns 8,176 shares of the technology company’s stock valued at $1,756,000 after acquiring an additional 114 shares in the last quarter. 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.