International Business Machines (NYSE:IBM) Stock Price Up 1.6% - What's Next?

International Business Machines Co. (NYSE:IBM - Get Free Report) traded up 1.6% during mid-day trading on Tuesday . The stock traded as high as $226.71 and last traded at $226.30. 727,332 shares changed hands during mid-day trading, a decline of 71% from the average session volume of 2,470,497 shares. The stock had previously closed at $222.67.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on IBM shares. Royal Bank of Canada reissued an "outperform" rating and set a $250.00 price target on shares of International Business Machines in a research report on Thursday, October 24th. Bernstein Bank lifted their target price on International Business Machines from $185.00 to $210.00 and gave the stock a "market perform" rating in a report on Thursday, October 3rd. Jefferies Financial Group upped their price target on International Business Machines from $200.00 to $245.00 and gave the company a "hold" rating in a report on Monday, October 21st. DZ Bank lowered International Business Machines from a "buy" rating to a "hold" rating and set a $215.00 target price for the company. in a research report on Wednesday, October 2nd. Finally, Morgan Stanley raised their price target on shares of International Business Machines from $208.00 to $222.00 and gave the company an "equal weight" rating in a report on Monday, December 16th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $214.88.

International Business Machines Stock Up 0.7 %

The company has a debt-to-equity ratio of 2.16, a quick ratio of 1.01 and a current ratio of 1.06. The company's 50-day moving average price is $220.73 and its 200 day moving average price is $208.12. The stock has a market capitalization of $207.24 billion, a P/E ratio of 32.62, a P/E/G ratio of 5.18 and a beta of 0.74.

International Business Machines (NYSE:IBM - Get Free Report) last posted its quarterly earnings results on Wednesday, October 23rd. The technology company reported $2.30 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 analysts' expectations of $15.08 billion. International Business Machines had a return on equity of 40.52% and a net margin of 10.22%. The business's quarterly revenue was up 1.5% on a year-over-year basis. During the same period last year, the firm earned $2.20 earnings per share. As a group, equities analysts expect that International Business Machines Co. will post 10.12 earnings per share for the current year.

International Business Machines Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Tuesday, November 12th were paid a dividend of $1.67 per share. The ex-dividend date was Tuesday, November 12th. This represents a $6.68 annualized dividend and a yield of 2.98%. International Business Machines's payout ratio is 97.23%.

Insiders Place Their Bets

In other International Business Machines 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 transaction of $774,720.00. Following the sale, the senior vice president now directly owns 25,390 shares of the company's stock, valued at $5,463,928. The trade was a 12.42 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.07% of the company's stock.

Institutional Trading of International Business Machines

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Hazlett Burt & Watson Inc. boosted its holdings in International Business Machines by 1,054.5% during the 3rd quarter. Hazlett Burt & Watson Inc. now owns 127 shares of the technology company's stock valued at $29,000 after acquiring an additional 116 shares during the period. Hara Capital LLC purchased a new stake in shares of International Business Machines during the third quarter valued at $29,000. Modus Advisors LLC bought a new position in shares of International Business Machines in the fourth quarter worth about $40,000. Capital Performance Advisors LLP purchased a new position in International Business Machines in the 3rd quarter worth about $43,000. Finally, Oliver Lagore Vanvalin Investment Group bought a new stake in International Business Machines during the 2nd quarter valued at about $36,000. Hedge funds and other institutional investors own 58.96% of the company's stock.

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.