International Business Machines (NYSE:IBM) Shares Up 0.8% After Analyst Upgrade

International Business Machines Co. (NYSE:IBM - Get Free Report) shares rose 0.8% during trading on Wednesday after UBS Group raised their price target on the stock from $150.00 to $160.00. UBS Group currently has a sell rating on the stock. International Business Machines traded as high as $221.68 and last traded at $219.51. Approximately 562,852 shares traded hands during trading, a decline of 81% from the average daily volume of 2,943,095 shares. The stock had previously closed at $217.75.

IBM has been the topic of several other reports. The Goldman Sachs Group upped their price target on shares of International Business Machines from $220.00 to $250.00 and gave the company a "buy" rating in a report on Monday, September 30th. Bernstein Bank upped their target price on International Business Machines from $185.00 to $210.00 and gave the stock a "market perform" rating in a research note on Thursday, October 3rd. Sanford C. Bernstein lifted their price target on International Business Machines from $210.00 to $215.00 and gave the company a "market perform" rating in a research report on Friday, January 3rd. Royal Bank of Canada restated an "outperform" rating and issued a $250.00 price objective on shares of International Business Machines in a research report on Thursday, October 24th. Finally, BMO Capital Markets lifted their target price on shares of International Business Machines from $235.00 to $260.00 and gave the company a "market perform" rating in a report on Thursday, October 24th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat.com, International Business Machines presently has an average rating of "Hold" and a consensus price target of $215.81.

Insider Activity at International Business Machines

In related news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of the stock in a transaction on Friday, November 8th. The stock was sold at an average price of $215.20, for a total value 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 12.42 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.07% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On International Business Machines

Large investors have recently modified their holdings of the business. Massachusetts Financial Services Co. MA grew its position in shares of International Business Machines by 13.5% in the second quarter. Massachusetts Financial Services Co. MA now owns 77,189 shares of the technology company's stock valued at $13,350,000 after purchasing an additional 9,155 shares in the last quarter. One Capital Management LLC lifted its holdings in International Business Machines by 44.7% in the second quarter. One Capital Management LLC now owns 2,905 shares of the technology company's stock valued at $502,000 after acquiring an additional 898 shares during the last quarter. Financial & Tax Architects LLC grew its position in International Business Machines by 7.4% in the second quarter. Financial & Tax Architects LLC now owns 36,823 shares of the technology company's stock worth $6,369,000 after acquiring an additional 2,522 shares during the period. Bradley Foster & Sargent Inc. CT increased its stake in International Business Machines by 3.2% during the second quarter. Bradley Foster & Sargent Inc. CT now owns 88,495 shares of the technology company's stock worth $15,305,000 after acquiring an additional 2,715 shares during the last quarter. Finally, Wealth Alliance lifted its stake in shares of International Business Machines by 4.3% in the 2nd quarter. Wealth Alliance now owns 5,945 shares of the technology company's stock valued at $1,028,000 after purchasing an additional 245 shares during the last quarter. Hedge funds and other institutional investors own 58.96% of the company's stock.

International Business Machines Trading Up 1.1 %

The business has a fifty day moving average price of $222.47 and a two-hundred day moving average price of $210.23. The company has a current ratio of 1.06, a quick ratio of 1.01 and a debt-to-equity ratio of 2.16. The firm has a market capitalization of $205.77 billion, a PE ratio of 32.39, a PEG ratio of 4.71 and a beta of 0.74.

International Business Machines (NYSE:IBM - Get Free Report) last announced 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. The company had revenue of $14.97 billion during the quarter, compared to analyst estimates of $15.08 billion. International Business Machines had a net margin of 10.22% and a return on equity of 40.52%. International Business Machines's revenue was up 1.5% compared to the same quarter last year. During the same quarter last year, the firm posted $2.20 earnings per share. Analysts expect that International Business Machines Co. will post 10.16 EPS for the current fiscal year.

International Business Machines Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Tuesday, November 12th were paid a dividend of $1.67 per share. This represents a $6.68 dividend on an annualized basis and a yield of 3.00%. The ex-dividend date of this dividend was Tuesday, November 12th. International Business Machines's dividend payout ratio (DPR) is 97.23%.

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.