International Business Machines (NYSE:IBM) Trading Up 0.1% – Time to Buy?

International Business Machines Co. (NYSE:IBM)’s stock price rose 0.1% on Tuesday . The company traded as high as $262.50 and last traded at $261.09. Approximately 1,169,698 shares changed hands during trading, a decline of 75% from the average daily volume of 4,623,177 shares. The stock had previously closed at $260.73.

Analysts Set New Price Targets

IBM has been the topic of a number of research reports. Morgan Stanley lifted their price target on shares of International Business Machines from $217.00 to $228.00 and gave the company an “equal weight” rating in a report on Thursday, January 30th. Wedbush began coverage on International Business Machines in a research report on Monday. They issued an “outperform” rating on the stock. JPMorgan Chase & Co. upped their price objective on International Business Machines from $233.00 to $244.00 and gave the stock a “neutral” rating in a report on Thursday, January 30th. BMO Capital Markets raised their target price on shares of International Business Machines from $260.00 to $280.00 and gave the company a “market perform” rating in a report on Thursday, January 30th. Finally, Stifel Nicolaus upped their price target on shares of International Business Machines from $205.00 to $246.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $225.53.

International Business Machines Stock Up 1.1 %

The company has a current ratio of 1.04, a quick ratio of 1.00 and a debt-to-equity ratio of 1.82. The company has a 50-day simple moving average of $227.30 and a 200 day simple moving average of $215.29. The company has a market cap of $243.76 billion, a P/E ratio of 41.13, a P/E/G ratio of 5.63 and a beta of 0.76.

International Business Machines (NYSE:IBM) last posted its quarterly earnings results on Wednesday, January 29th. The technology company reported $3.92 EPS for the quarter, topping the consensus estimate of $3.77 by $0.15. International Business Machines had a net margin of 9.60% and a return on equity of 38.99%. On average, equities analysts anticipate that International Business Machines Co. will post 10.73 EPS for the current year.

International Business Machines Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Monday, February 10th will be issued a dividend of $1.67 per share. This represents a $6.68 annualized dividend and a yield of 2.53%. The ex-dividend date of this dividend is Monday, February 10th. International Business Machines’s payout ratio is 104.21%.

Insider Buying and Selling at International Business Machines

In other news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of the business’s stock in a transaction 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 transaction, the senior vice president now directly owns 25,390 shares of the company’s stock, valued at approximately $5,463,928. The trade was a 12.42 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.07% of the company’s stock.

Institutional Trading of International Business Machines

A number of institutional investors have recently made changes to their positions in IBM. Czech National Bank grew its stake in shares of International Business Machines by 7.2% during the 3rd quarter. Czech National Bank now owns 187,647 shares of the technology company’s stock worth $41,485,000 after purchasing an additional 12,599 shares during the period. GAMMA Investing LLC increased its position in shares of International Business Machines by 44.6% during the third quarter. GAMMA Investing LLC now owns 13,551 shares of the technology company’s stock worth $2,996,000 after acquiring an additional 4,181 shares during the period. Azzad Asset Management Inc. ADV lifted its holdings in International Business Machines by 3.4% during the 3rd quarter. Azzad Asset Management Inc. ADV now owns 11,827 shares of the technology company’s stock worth $2,615,000 after buying an additional 384 shares during the last quarter. Everpar Advisors LLC boosted its holdings in shares of International Business Machines by 19.6% in the third quarter. Everpar Advisors LLC now owns 1,452 shares of the technology company’s stock valued at $321,000 after acquiring an additional 238 shares during the period. Finally, Consilio Wealth Advisors LLC acquired a new position in shares of International Business Machines during the third quarter worth about $218,000. Institutional investors and hedge funds own 58.96% of the company’s stock.

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.