International Business Machines (NYSE:IBM) Coverage Initiated at Wedbush

Wedbush began coverage on shares of International Business Machines (NYSE:IBM - Free Report) in a research report sent to investors on Monday, Marketbeat Ratings reports. The brokerage issued an outperform rating on the technology company's stock. Wedbush also issued estimates for International Business Machines' Q1 2025 earnings at $1.52 EPS, Q2 2025 earnings at $2.61 EPS, Q3 2025 earnings at $2.40 EPS and Q4 2025 earnings at $4.02 EPS.

A number of other brokerages have also weighed in on IBM. Sanford C. Bernstein increased their price objective on International Business Machines from $210.00 to $215.00 and gave the company a "market perform" rating in a report on Friday, January 3rd. Morgan Stanley increased their target price on shares of International Business Machines from $217.00 to $228.00 and gave the stock an "equal weight" rating in a research note on Thursday, January 30th. Royal Bank of Canada reissued an "outperform" rating and issued a $250.00 price target on shares of International Business Machines in a report on Monday, January 27th. JPMorgan Chase & Co. raised their target price on International Business Machines from $233.00 to $244.00 and gave the company a "neutral" rating in a research report on Thursday, January 30th. Finally, UBS Group boosted their price target on shares of International Business Machines from $150.00 to $160.00 and gave the stock a "sell" rating in a research report on Tuesday, January 14th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $225.53.

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International Business Machines Stock Down 3.8 %

International Business Machines stock traded down $10.00 during mid-day trading on Monday, reaching $253.30. 6,125,742 shares of the company were exchanged, compared to its average volume of 4,966,657. International Business Machines has a 12-month low of $162.62 and a 12-month high of $265.72. The business has a fifty day moving average of $228.73 and a 200 day moving average of $216.19. The firm has a market cap of $234.21 billion, a P/E ratio of 39.52, a PEG ratio of 5.63 and a beta of 0.76. The company has a debt-to-equity ratio of 1.82, a quick ratio of 1.00 and a current ratio of 1.04.

International Business Machines (NYSE:IBM - Get Free Report) last issued its quarterly earnings results on Wednesday, January 29th. The technology company reported $3.92 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.77 by $0.15. International Business Machines had a return on equity of 38.99% and a net margin of 9.60%. Research analysts anticipate that International Business Machines will post 10.73 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 Monday, March 10th. Shareholders of record on Monday, February 10th will be paid a dividend of $1.67 per share. The ex-dividend date is Monday, February 10th. This represents a $6.68 dividend on an annualized basis and a yield of 2.64%. International Business Machines's dividend payout ratio (DPR) is presently 104.21%.

Insiders Place Their Bets

In other news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of the company's stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $215.20, for a total transaction 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. This represents a 12.42 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.07% of the company's stock.

Institutional Trading of International Business Machines

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Compass Financial Services Inc acquired a new stake in shares of International Business Machines during the fourth quarter worth about $26,000. Hazlett Burt & Watson Inc. increased its stake in International Business Machines by 1,054.5% in the 3rd quarter. Hazlett Burt & Watson Inc. now owns 127 shares of the technology company's stock valued at $29,000 after purchasing an additional 116 shares in the last quarter. Hara Capital LLC purchased a new stake in shares of International Business Machines in the third quarter valued at about $29,000. Vision Financial Markets LLC acquired a new position in International Business Machines in the 4th quarter valued at about $31,000. Finally, Avondale Wealth Management lifted its stake in shares of International Business Machines by 56.0% during the 4th quarter. Avondale Wealth Management now owns 156 shares of the technology company's stock worth $34,000 after purchasing an additional 56 shares during the period. Institutional investors and hedge funds 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.