International Business Machines (NYSE:IBM) Stock Price Up 0.6% - What's Next?

International Business Machines Co. (NYSE:IBM - Get Free Report) rose 0.6% on Monday . The stock traded as high as $261.94 and last traded at $260.65. Approximately 3,922,262 shares traded hands during trading, a decline of 25% from the average daily volume of 5,199,203 shares. The stock had previously closed at $259.19.

Analysts Set New Price Targets

IBM has been the subject of a number of analyst reports. StockNews.com upgraded International Business Machines from a "hold" rating to a "buy" rating in a research report on Wednesday, February 5th. Jefferies Financial Group lifted their price target on shares of International Business Machines from $245.00 to $270.00 and gave the stock a "hold" rating in a research note on Thursday, January 30th. Wedbush started coverage on shares of International Business Machines in a research report on Monday, February 3rd. They issued an "outperform" rating on the stock. Oppenheimer initiated coverage on International Business Machines in a research note on Tuesday, February 11th. They set an "outperform" rating and a $320.00 target price on the stock. Finally, Bank of America raised their price target on International Business Machines from $260.00 to $270.00 and gave the stock a "buy" rating in a research note on Thursday, January 30th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat, International Business Machines has a consensus rating of "Hold" and an average target price of $231.44.

International Business Machines Price Performance

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 firm's 50-day moving average price is $234.65 and its two-hundred day moving average price is $221.26. The stock has a market cap of $242.05 billion, a PE ratio of 40.84, a PEG ratio of 5.80 and a beta of 0.76.

International Business Machines (NYSE:IBM - Get Free Report) last posted its earnings results on Wednesday, January 29th. The technology company reported $3.92 earnings per share 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%. On average, equities analysts expect that International Business Machines Co. will post 10.77 earnings per share for the current fiscal year.

International Business Machines Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Monday, February 10th will be issued a $1.67 dividend. This represents a $6.68 dividend on an annualized basis and a dividend yield of 2.55%. The ex-dividend date is Monday, February 10th. International Business Machines's dividend payout ratio is currently 104.21%.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the company. Compass Financial Services Inc acquired a new stake in International Business Machines in the 4th quarter worth approximately $26,000. Hazlett Burt & Watson Inc. increased 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 valued at $29,000 after buying an additional 116 shares in the last quarter. Hara Capital LLC acquired a new position in shares of International Business Machines in the third quarter worth about $29,000. Vision Financial Markets LLC acquired a new stake in shares of International Business Machines during the 4th quarter valued at about $31,000. Finally, Avondale Wealth Management grew its holdings in International Business Machines by 56.0% in the fourth quarter. Avondale Wealth Management now owns 156 shares of the technology company's stock valued at $34,000 after purchasing an additional 56 shares during the period. 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.