International Business Machines (NYSE:IBM) Shares Up 0.2% - What's Next?

Shares of International Business Machines Co. (NYSE:IBM - Get Free Report) shot up 0.2% during mid-day trading on Monday . The stock traded as high as $263.25 and last traded at $262.13. 803,453 shares traded hands during mid-day trading, a decline of 83% from the average session volume of 4,618,740 shares. The stock had previously closed at $261.48.

Analyst Upgrades and Downgrades

A number of analysts recently commented on IBM shares. UBS Group increased their price target on International Business Machines from $150.00 to $160.00 and gave the company a "sell" rating in a research report on Tuesday, January 14th. Wedbush assumed coverage on International Business Machines in a research note on Monday, February 3rd. They set an "outperform" rating on the stock. The Goldman Sachs Group reissued a "buy" rating on shares of International Business Machines in a report on Wednesday, February 5th. Oppenheimer began coverage on shares of International Business Machines in a report on Tuesday, February 11th. They set an "outperform" rating and a $320.00 price objective for the company. Finally, Sanford C. Bernstein boosted their target price on shares of International Business Machines from $210.00 to $215.00 and gave the company a "market perform" rating in a research note on Friday, January 3rd. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, International Business Machines presently has an average rating of "Hold" and a consensus target price of $231.44.

International Business Machines Stock Performance

The company has a quick ratio of 1.00, a current ratio of 1.04 and a debt-to-equity ratio of 1.82. The company has a market capitalization of $237.74 billion, a PE ratio of 40.11, a PEG ratio of 5.81 and a beta of 0.76. The company has a 50-day moving average price of $236.49 and a two-hundred day moving average price of $223.25.

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, beating 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%. Analysts predict that International Business Machines Co. will post 10.78 EPS for the current fiscal year.

International Business Machines Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Monday, February 10th will be paid a $1.67 dividend. This represents a $6.68 annualized dividend and a yield of 2.60%. The ex-dividend date of this dividend is Monday, February 10th. International Business Machines's dividend payout ratio is presently 104.21%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Meeder Asset Management Inc. increased its stake in International Business Machines by 40.9% in the 3rd quarter. Meeder Asset Management Inc. now owns 572 shares of the technology company's stock worth $126,000 after acquiring an additional 166 shares during the last quarter. Blue Zone Wealth Advisors LLC purchased a new position in shares of International Business Machines during the fourth quarter worth about $242,000. Brady Martz Wealth Solutions LLC bought a new position in shares of International Business Machines in the fourth quarter worth approximately $1,940,000. Tranquilli Financial Advisor LLC purchased a new stake in International Business Machines in the fourth quarter valued at approximately $373,000. Finally, Philip James Wealth Mangement LLC bought a new stake in International Business Machines during the third quarter valued at approximately $5,117,000. 58.96% of the stock is owned by institutional investors.

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.