International Business Machines (NYSE:IBM) Trading Up 8% After Analyst Upgrade

Shares of International Business Machines Corporation (NYSE:IBM) were up 8% during mid-day trading on Friday after UBS Group raised their price target on the stock from $200.00 to $210.00. UBS Group currently has a sell rating on the stock. International Business Machines traded as high as $310.75 and last traded at $307.78. Approximately 16,863,014 shares were traded during mid-day trading, an increase of 246% from the average daily volume of 4,867,836 shares. The stock had previously closed at $285.00.

Several other equities analysts have also recently weighed in on IBM. Royal Bank Of Canada reissued an “outperform” rating and set a $315.00 price target on shares of International Business Machines in a report on Thursday, October 16th. Morgan Stanley increased their price target on International Business Machines from $253.00 to $256.00 and gave the company an “equal weight” rating in a report on Wednesday, October 15th. Jefferies Financial Group increased their price target on International Business Machines from $280.00 to $305.00 and gave the company a “hold” rating in a report on Tuesday. JPMorgan Chase & Co. increased their price target on International Business Machines from $244.00 to $290.00 and gave the company a “neutral” rating in a report on Thursday, July 24th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of International Business Machines in a report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, International Business Machines presently has a consensus rating of “Hold” and a consensus price target of $288.00.

Institutional Investors Weigh In On International Business Machines

Several hedge funds and other institutional investors have recently modified their holdings of IBM. Family CFO Inc purchased a new stake in International Business Machines in the 2nd quarter worth $25,000. Christopher J. Hasenberg Inc purchased a new stake in International Business Machines in the 1st quarter worth $27,000. Winnow Wealth LLC purchased a new stake in International Business Machines in the 2nd quarter worth $27,000. SSA Swiss Advisors AG purchased a new stake in International Business Machines in the 1st quarter worth $28,000. Finally, Dagco Inc. purchased a new stake in International Business Machines in the 1st quarter worth $31,000. 58.96% of the stock is currently owned by hedge funds and other institutional investors.

International Business Machines Price Performance

The company has a current ratio of 0.93, a quick ratio of 0.87 and a debt-to-equity ratio of 1.97. The firm has a market cap of $286.05 billion, a PE ratio of 36.82, a price-to-earnings-growth ratio of 4.35 and a beta of 0.73. The stock has a 50 day simple moving average of $266.21 and a 200-day simple moving average of $263.57.

International Business Machines (NYSE:IBM) last issued its quarterly earnings results on Wednesday, October 22nd. The technology company reported $2.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.45 by $0.20. International Business Machines had a return on equity of 37.76% and a net margin of 12.09%.The business had revenue of $16.33 billion during the quarter, compared to analyst estimates of $16.10 billion. During the same quarter in the prior year, the business posted $2.30 EPS. International Business Machines’s revenue for the quarter was up 9.1% compared to the same quarter last year. International Business Machines has set its FY 2025 guidance at EPS. Equities analysts anticipate that International Business Machines Corporation will post 10.78 earnings per share for the current fiscal year.

International Business Machines Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Monday, November 10th will be paid a $1.68 dividend. This represents a $6.72 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date is Monday, November 10th. International Business Machines’s dividend payout ratio is presently 109.09%.

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.