International Business Machines (NYSE:IBM) Stock Price Up 0.1% - Time to Buy?

International Business Machines Co. (NYSE:IBM - Get Free Report) rose 0.1% during trading on Wednesday . The company traded as high as $211.28 and last traded at $211.11. Approximately 367,562 shares were traded during mid-day trading, a decline of 91% from the average daily volume of 4,215,540 shares. The stock had previously closed at $210.86.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Hsbc Global Res raised International Business Machines to a "moderate sell" rating in a research note on Friday, July 26th. BMO Capital Markets upped their price target on International Business Machines from $235.00 to $260.00 and gave the stock a "market perform" rating in a report on Thursday, October 24th. Bank of America upped their price objective on International Business Machines from $209.00 to $250.00 and gave the company a "buy" rating in a research note on Wednesday, October 9th. Evercore ISI increased their price target on International Business Machines from $215.00 to $240.00 and gave the stock an "outperform" rating in a research note on Wednesday, September 11th. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and set a $250.00 target price on shares of International Business Machines in a report on Thursday, October 24th. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, International Business Machines presently has an average rating of "Hold" and an average target price of $208.12.

International Business Machines Stock Performance

The company has a market capitalization of $194.69 billion, a price-to-earnings ratio of 30.70, a PEG ratio of 4.74 and a beta of 0.71. The stock has a fifty day moving average price of $218.44 and a two-hundred day moving average price of $192.98. The company has a quick ratio of 1.01, a current ratio of 1.06 and a debt-to-equity ratio of 2.16.

International Business Machines (NYSE:IBM - Get Free Report) last issued its earnings results on Wednesday, October 23rd. The technology company reported $2.30 earnings per share for the quarter, topping 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 company had revenue of $14.97 billion during the quarter, compared to the consensus estimate of $15.08 billion. During the same quarter in the prior year, the business earned $2.20 earnings per share. The company's revenue was up 1.5% compared to the same quarter last year. As a group, analysts forecast that International Business Machines Co. will post 10.11 EPS for the current fiscal year.

International Business Machines Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Tuesday, November 12th will be paid a dividend of $1.67 per share. This represents a $6.68 dividend on an annualized basis and a yield of 3.17%. The ex-dividend date of this dividend is Tuesday, November 12th. International Business Machines's payout ratio is currently 97.23%.

Insider Transactions at International Business Machines

In other news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of the firm's stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $215.20, for a total value of $774,720.00. Following the sale, the senior vice president now directly owns 25,390 shares of the company's stock, valued at approximately $5,463,928. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.07% of the company's stock.

Institutional Investors Weigh In On International Business Machines

A number of institutional investors and hedge funds have recently modified their holdings of IBM. Ellenbecker Investment Group lifted its stake in International Business Machines by 2.3% in the 3rd quarter. Ellenbecker Investment Group now owns 2,049 shares of the technology company's stock valued at $453,000 after purchasing an additional 46 shares during the last quarter. Goldstein Advisors LLC grew its position in International Business Machines by 4.0% in the 3rd quarter. Goldstein Advisors LLC now owns 1,217 shares of the technology company's stock worth $269,000 after purchasing an additional 47 shares in the last quarter. Vertex Planning Partners LLC grew its position in International Business Machines by 3.6% in the 3rd quarter. Vertex Planning Partners LLC now owns 1,346 shares of the technology company's stock worth $298,000 after purchasing an additional 47 shares in the last quarter. Sollinda Capital Management LLC boosted its stake in International Business Machines by 3.7% in the third quarter. Sollinda Capital Management LLC now owns 1,360 shares of the technology company's stock valued at $301,000 after acquiring an additional 49 shares during the last quarter. Finally, Lansing Street Advisors lifted its stake in shares of International Business Machines by 3.4% during the 3rd quarter. Lansing Street Advisors now owns 1,503 shares of the technology company's stock valued at $332,000 after buying an additional 49 shares in the last quarter. 58.96% of the stock is owned by institutional investors.

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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