International Business Machines (NYSE:IBM) Upgraded at Weiss Ratings

Weiss Ratings upgraded shares of International Business Machines (NYSE:IBM) from a hold (c+) rating to a buy (b) rating in a research note published on Saturday morning,Weiss Ratings reports.

Other analysts also recently issued research reports about the stock. BMO Capital Markets upped their price target on shares of International Business Machines from $300.00 to $305.00 and gave the stock a “market perform” rating in a report on Thursday, October 23rd. Wall Street Zen downgraded shares of International Business Machines from a “buy” rating to a “hold” rating in a report on Saturday, October 18th. Melius Research raised shares of International Business Machines to a “strong-buy” rating in a report on Monday, July 7th. Jefferies Financial Group upped their price target on shares of International Business Machines from $280.00 to $305.00 and gave the stock a “hold” rating in a report on Tuesday, October 21st. Finally, Royal Bank Of Canada cut their price target on shares of International Business Machines from $315.00 to $300.00 and set an “outperform” rating for the company in a report on Thursday, October 23rd. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $288.00.

International Business Machines Stock Performance

NYSE IBM opened at $312.53 on Friday. The company has a quick ratio of 0.89, a current ratio of 0.93 and a debt-to-equity ratio of 1.97. The company has a market capitalization of $292.13 billion, a P/E ratio of 37.38, a P/E/G ratio of 4.33 and a beta of 0.73. International Business Machines has a 12-month low of $203.51 and a 12-month high of $313.50. The firm has a 50-day moving average price of $267.68 and a two-hundred day moving average price of $264.61.

International Business Machines (NYSE:IBM) last posted its quarterly earnings data on Wednesday, October 22nd. The technology company reported $2.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.45 by $0.20. International Business Machines had a net margin of 12.09% and a return on equity of 37.76%. The firm had revenue of $16.33 billion during the quarter, compared to the consensus estimate of $16.10 billion. During the same quarter in the previous year, the firm posted $2.30 EPS. The business’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. Analysts anticipate that International Business Machines will post 10.78 earnings per share for the current year.

International Business Machines Dividend Announcement

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 given a $1.68 dividend. This represents a $6.72 annualized dividend and a yield of 2.2%. The ex-dividend date is Monday, November 10th. International Business Machines’s dividend payout ratio is 80.38%.

Institutional Investors Weigh In On International Business Machines

Several large investors have recently modified their holdings of IBM. Norges Bank acquired a new stake in shares of International Business Machines during the second quarter worth $2,011,122,000. GQG Partners LLC bought a new stake in shares of International Business Machines during the first quarter worth about $1,040,057,000. Nuveen LLC bought a new stake in shares of International Business Machines during the first quarter worth about $960,386,000. Vanguard Group Inc. lifted its position in shares of International Business Machines by 2.1% during the second quarter. Vanguard Group Inc. now owns 95,051,475 shares of the technology company’s stock valued at $28,019,274,000 after purchasing an additional 1,913,708 shares in the last quarter. Finally, Laurel Wealth Advisors LLC lifted its position in shares of International Business Machines by 27,928.2% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 1,903,116 shares of the technology company’s stock worth $561,001,000 after buying an additional 1,896,326 shares in the last quarter. 58.96% of the stock is currently owned by institutional investors and hedge funds.

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.