International Business Machines (NYSE:IBM) Stock Price Up 1.4% - Time to Buy?

International Business Machines Corporation (NYSE:IBM - Get Free Report)'s stock price traded up 1.4% during trading on Friday . The company traded as high as $292.32 and last traded at $291.66. 1,853,289 shares traded hands during mid-day trading, a decline of 56% from the average session volume of 4,223,087 shares. The stock had previously closed at $287.65.

Analyst Ratings Changes

A number of analysts recently commented on IBM shares. Bank of America lifted their target price on shares of International Business Machines from $290.00 to $320.00 and gave the stock a "buy" rating in a research note on Wednesday, June 18th. Jefferies Financial Group reaffirmed a "hold" rating on shares of International Business Machines in a report on Wednesday, April 23rd. Citigroup reiterated an "outperform" rating on shares of International Business Machines in a report on Saturday, May 10th. Royal Bank Of Canada raised their price target on shares of International Business Machines from $276.00 to $285.00 and gave the stock an "outperform" rating in a research report on Thursday, May 15th. Finally, BMO Capital Markets reaffirmed a "market perform" rating on shares of International Business Machines in a report on Wednesday, April 23rd. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, International Business Machines presently has a consensus rating of "Hold" and an average price target of $257.50.

International Business Machines Stock Up 1.4%

The business's 50 day moving average is $267.18 and its 200-day moving average is $249.22. The company has a market cap of $271.06 billion, a PE ratio of 50.20, a P/E/G ratio of 6.04 and a beta of 0.69. The company has a debt-to-equity ratio of 2.09, a current ratio of 1.01 and a quick ratio of 0.97.

International Business Machines (NYSE:IBM - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The technology company reported $1.60 earnings per share for the quarter, topping the consensus estimate of $1.42 by $0.18. The firm had revenue of $14.54 billion during the quarter, compared to analysts' expectations of $14.41 billion. International Business Machines had a return on equity of 37.43% and a net margin of 8.71%. The firm's revenue was up .5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.68 earnings per share. As a group, analysts predict that International Business Machines Corporation will post 10.78 EPS for the current year.

International Business Machines Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Friday, May 9th were paid a $1.68 dividend. This is a boost from International Business Machines's previous quarterly dividend of $1.67. This represents a $6.72 annualized dividend and a dividend yield of 2.30%. International Business Machines's dividend payout ratio (DPR) is 115.66%.

Institutional Investors Weigh In On International Business Machines

Large investors have recently added to or reduced their stakes in the business. First Hawaiian Bank grew its holdings in International Business Machines by 1.0% in the second quarter. First Hawaiian Bank now owns 4,357 shares of the technology company's stock valued at $1,284,000 after purchasing an additional 45 shares during the period. McLean Asset Management Corp purchased a new stake in shares of International Business Machines during the second quarter worth about $217,000. Fiduciary Financial Group LLC grew its stake in International Business Machines by 5.9% during the 2nd quarter. Fiduciary Financial Group LLC now owns 2,093 shares of the technology company's stock valued at $609,000 after purchasing an additional 117 shares in the last quarter. Helen Stephens Group LLC purchased a new stake in International Business Machines during the 2nd quarter worth approximately $242,000. Finally, Howard Financial Services LTD. increased its stake in shares of International Business Machines by 13.4% in the second quarter. Howard Financial Services LTD. now owns 5,049 shares of the technology company's stock worth $1,488,000 after buying an additional 596 shares during the last quarter. 58.96% of the stock is owned by institutional investors and hedge funds.

About International Business Machines

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.

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