International Business Machines (NYSE:IBM) Reaches New 52-Week High at $218.84

International Business Machines Co. (NYSE:IBM - Get Free Report)'s stock price hit a new 52-week high on Tuesday . The stock traded as high as $218.84 and last traded at $215.90, with a volume of 570371 shares traded. The stock had previously closed at $217.16.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on IBM shares. Evercore ISI raised their target price on shares of International Business Machines from $215.00 to $240.00 and gave the company an "outperform" rating in a research note on Wednesday, September 11th. StockNews.com raised shares of International Business Machines from a "hold" rating to a "buy" rating in a report on Wednesday, June 19th. BMO Capital Markets raised their price target on International Business Machines from $190.00 to $210.00 and gave the stock a "market perform" rating in a research report on Thursday, July 25th. The Goldman Sachs Group assumed coverage on shares of International Business Machines in a report on Monday, June 24th. They set a "buy" rating and a $200.00 price objective for the company. Finally, UBS Group increased their target price on International Business Machines from $130.00 to $145.00 and gave the stock a "sell" rating in a research note on Wednesday, September 4th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the company. According to MarketBeat, International Business Machines has a consensus rating of "Hold" and an average price target of $188.60.

International Business Machines Price Performance

The firm has a 50 day moving average price of $193.62 and a two-hundred day moving average price of $183.60. The company has a market cap of $196.70 billion, a P/E ratio of 24.21, a P/E/G ratio of 4.67 and a beta of 0.70. The company has a debt-to-equity ratio of 2.20, a quick ratio of 1.08 and a current ratio of 1.12.

International Business Machines (NYSE:IBM - Get Free Report) last announced its quarterly earnings results on Wednesday, July 24th. The technology company reported $2.43 EPS for the quarter, beating analysts' consensus estimates of $2.16 by $0.27. International Business Machines had a net margin of 13.52% and a return on equity of 40.59%. The company had revenue of $15.77 billion for the quarter, compared to analysts' expectations of $15.62 billion. During the same period in the prior year, the company posted $2.18 EPS. International Business Machines's revenue was up 1.9% compared to the same quarter last year. On average, analysts predict that International Business Machines Co. will post 10.1 EPS for the current fiscal year.

International Business Machines Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Friday, August 9th were paid a dividend of $1.67 per share. The ex-dividend date of this dividend was Friday, August 9th. This represents a $6.68 annualized dividend and a yield of 3.12%. International Business Machines's dividend payout ratio is currently 75.65%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Gilbert & Cook Inc. increased its stake in International Business Machines by 2.7% in the 4th quarter. Gilbert & Cook Inc. now owns 3,892 shares of the technology company's stock worth $637,000 after purchasing an additional 101 shares during the period. Aveo Capital Partners LLC increased its holdings in International Business Machines by 3.6% during the 4th quarter. Aveo Capital Partners LLC now owns 3,101 shares of the technology company's stock valued at $507,000 after purchasing an additional 109 shares during the period. Gryphon Financial Partners LLC lifted its holdings in International Business Machines by 6.5% in the 4th quarter. Gryphon Financial Partners LLC now owns 2,394 shares of the technology company's stock worth $386,000 after buying an additional 147 shares during the period. TrinityPoint Wealth LLC increased its position in International Business Machines by 12.3% during the 4th quarter. TrinityPoint Wealth LLC now owns 3,909 shares of the technology company's stock valued at $639,000 after purchasing an additional 428 shares during the period. Finally, Clearbridge Investments LLC raised its stake in International Business Machines by 32.7% in the fourth quarter. Clearbridge Investments LLC now owns 45,653 shares of the technology company's stock worth $7,467,000 after buying an additional 11,247 shares in the last quarter. Institutional investors own 58.96% of the company's stock.

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.