International Business Machines (NYSE:IBM) Stock Price Up 0.5% - Still a Buy?

International Business Machines Co. (NYSE:IBM - Get Free Report) shares rose 0.5% on Wednesday . The company traded as high as $227.84 and last traded at $226.86. Approximately 949,102 shares were traded during mid-day trading, a decline of 73% from the average daily volume of 3,534,112 shares. The stock had previously closed at $225.66.

Analyst Upgrades and Downgrades

IBM has been the topic of a number of research reports. DZ Bank lowered shares of International Business Machines from a "buy" rating to a "hold" rating and set a $215.00 target price on the stock. in a research note on Wednesday, October 2nd. StockNews.com downgraded shares of International Business Machines from a "buy" rating to a "hold" rating in a report on Wednesday, November 20th. Bernstein Bank lifted their target price on shares of International Business Machines from $185.00 to $210.00 and gave the company a "market perform" rating in a report on Thursday, October 3rd. Royal Bank of Canada restated an "outperform" rating and issued a $250.00 price target on shares of International Business Machines in a research note on Monday. Finally, Morgan Stanley decreased their price objective on shares of International Business Machines from $222.00 to $217.00 and set an "equal weight" rating for the company in a research report on Tuesday. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $220.40.

International Business Machines Trading Up 1.4 %

The company has a debt-to-equity ratio of 2.16, a current ratio of 1.06 and a quick ratio of 1.01. The business's 50 day moving average price is $224.95 and its 200-day moving average price is $213.44. The firm has a market capitalization of $211.56 billion, a price-to-earnings ratio of 33.21, a price-to-earnings-growth ratio of 4.78 and a beta of 0.74.

Insider Transactions at International Business Machines

In other International Business Machines 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 transaction, the senior vice president now directly owns 25,390 shares in the company, valued at approximately $5,463,928. This represents a 12.42 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.07% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. State Street Corp grew its position in International Business Machines by 2.2% during the third quarter. State Street Corp now owns 55,671,883 shares of the technology company's stock worth $12,307,940,000 after buying an additional 1,200,803 shares during the period. FMR LLC lifted its holdings in shares of International Business Machines by 6.0% in the third quarter. FMR LLC now owns 5,195,933 shares of the technology company's stock valued at $1,148,717,000 after purchasing an additional 294,276 shares in the last quarter. Swiss National Bank lifted its holdings in shares of International Business Machines by 0.5% in the third quarter. Swiss National Bank now owns 2,726,700 shares of the technology company's stock valued at $602,819,000 after purchasing an additional 12,400 shares in the last quarter. International Assets Investment Management LLC lifted its holdings in shares of International Business Machines by 20,324.5% in the third quarter. International Assets Investment Management LLC now owns 2,715,636 shares of the technology company's stock valued at $600,373,000 after purchasing an additional 2,702,340 shares in the last quarter. Finally, Holocene Advisors LP purchased a new stake in shares of International Business Machines in the third quarter valued at about $573,306,000. 58.96% of the stock is currently owned by institutional investors and hedge funds.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.