International Business Machines (NYSE:IBM) Rating Increased to Buy at StockNews.com

International Business Machines (NYSE:IBM - Get Free Report) was upgraded by stock analysts at StockNews.com from a "hold" rating to a "buy" rating in a report released on Tuesday.

IBM has been the topic of a number of other reports. Morgan Stanley cut their price target on International Business Machines from $217.00 to $208.00 and set an "equal weight" rating on the stock in a report on Thursday, October 24th. Hsbc Global Res upgraded International Business Machines to a "moderate sell" rating in a report on Friday, July 26th. UBS Group increased their price target on International Business Machines from $130.00 to $145.00 and gave the company a "sell" rating in a research report on Wednesday, September 4th. Stifel Nicolaus increased their price target on International Business Machines from $205.00 to $246.00 and gave the company a "buy" rating in a research report on Wednesday, October 16th. Finally, Evercore ISI increased their price target on International Business Machines from $215.00 to $240.00 and gave the company an "outperform" rating in a research report on Wednesday, September 11th. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $208.12.

International Business Machines Trading Down 1.2 %

IBM stock traded down $2.64 during trading on Tuesday, hitting $210.93. The company had a trading volume of 2,817,755 shares, compared to its average volume of 4,233,095. The business has a 50-day moving average of $218.25 and a 200-day moving average of $192.68. International Business Machines has a one year low of $147.35 and a one year high of $237.37. The stock has a market cap of $195.04 billion, a PE ratio of 30.70, a PEG ratio of 4.80 and a beta of 0.71. The company has a current ratio of 1.06, a quick ratio of 1.01 and a debt-to-equity ratio of 2.16.

International Business Machines (NYSE:IBM - Get Free Report) last announced its earnings results on Wednesday, October 23rd. The technology company reported $2.30 EPS for the quarter, beating the consensus estimate of $2.27 by $0.03. International Business Machines had a return on equity of 40.52% and a net margin of 10.22%. The business had revenue of $14.97 billion for the quarter, compared to analysts' expectations of $15.08 billion. During the same period in the prior year, the business posted $2.20 earnings per share. The firm's revenue was up 1.5% on a year-over-year basis. Research analysts predict that International Business Machines will post 10.11 earnings per share for the current fiscal year.

Insider Activity

In other news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of the company's stock in a transaction dated Friday, November 8th. The shares were 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 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.07% of the company's stock.

Hedge Funds Weigh In On International Business Machines

Several hedge funds and other institutional investors have recently modified their holdings of the stock. ESL Trust Services LLC purchased a new stake in International Business Machines in the first quarter worth about $28,000. Hazlett Burt & Watson Inc. grew its holdings in International Business Machines by 1,054.5% in the third quarter. Hazlett Burt & Watson Inc. now owns 127 shares of the technology company's stock worth $29,000 after purchasing an additional 116 shares during the period. Hara Capital LLC purchased a new stake in International Business Machines in the third quarter worth about $29,000. Oliver Lagore Vanvalin Investment Group purchased a new stake in International Business Machines in the second quarter worth about $36,000. Finally, Wolff Wiese Magana LLC grew its holdings in shares of International Business Machines by 37.0% during the second quarter. Wolff Wiese Magana LLC now owns 222 shares of the technology company's stock valued at $38,000 after buying an additional 60 shares during the last quarter. Hedge funds and other institutional investors 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.

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