International Business Machines (NYSE:IBM) Stock Price Up 0.2% – Still a Buy?

Shares of International Business Machines Co. (NYSE:IBM) traded up 0.2% on Wednesday . The stock traded as high as $233.19 and last traded at $232.79. 930,312 shares changed hands during mid-day trading, a decline of 78% from the average session volume of 4,167,125 shares. The stock had previously closed at $232.25.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on IBM shares. UBS Group increased their price objective on International Business Machines from $130.00 to $145.00 and gave the company a “sell” rating in a report on Wednesday, September 4th. DZ Bank cut shares of International Business Machines from a “buy” rating to a “hold” rating and set a $215.00 price objective on the stock. in a research report on Wednesday, October 2nd. Hsbc Global Res upgraded shares of International Business Machines to a “moderate sell” rating in a research report on Friday, July 26th. BMO Capital Markets increased their price target on shares of International Business Machines from $190.00 to $210.00 and gave the company a “market perform” rating in a research report on Thursday, July 25th. Finally, The Goldman Sachs Group upped their price objective on shares of International Business Machines from $220.00 to $250.00 and gave the stock a “buy” rating in a report on Monday, September 30th. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $205.71.

International Business Machines Stock Performance

The stock has a market capitalization of $213.10 billion, a PE ratio of 26.36, a P/E/G ratio of 5.21 and a beta of 0.70. The firm has a fifty day moving average price of $213.86 and a two-hundred day moving average price of $189.75. The company has a debt-to-equity ratio of 2.20, a current ratio of 1.12 and a quick ratio of 1.08.

International Business Machines (NYSE:IBM) last announced its quarterly earnings data on Wednesday, July 24th. The technology company reported $2.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.16 by $0.27. International Business Machines had a return on equity of 40.59% and a net margin of 13.52%. The company had revenue of $15.77 billion for the quarter, compared to analysts’ expectations of $15.62 billion. During the same quarter in the prior year, the firm earned $2.18 earnings per share. International Business Machines’s revenue was up 1.9% compared to the same quarter last year. Research analysts expect that International Business Machines Co. will post 10.1 EPS for the current 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 issued a $1.67 dividend. The ex-dividend date of this dividend was Friday, August 9th. This represents a $6.68 annualized dividend and a dividend yield of 2.88%. International Business Machines’s payout ratio is currently 75.65%.

Institutional Investors Weigh In On International Business Machines

A number of institutional investors have recently added to or reduced their stakes in IBM. FPC Investment Advisory Inc. bought a new stake in shares of International Business Machines in the 1st quarter valued at about $26,000. ESL Trust Services LLC purchased a new position in International Business Machines in the first quarter worth $28,000. Oliver Lagore Vanvalin Investment Group purchased a new stake in International Business Machines in the second quarter valued at about $36,000. Wolff Wiese Magana LLC raised its position in shares of International Business Machines by 37.0% in the 2nd quarter. Wolff Wiese Magana LLC now owns 222 shares of the technology company’s stock valued at $38,000 after purchasing an additional 60 shares during the last quarter. Finally, Briaud Financial Planning Inc grew its position in International Business Machines by 54.3% during the 2nd quarter. Briaud Financial Planning Inc now owns 284 shares of the technology company’s stock worth $49,000 after purchasing an additional 100 shares during the last quarter. 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.