International Business Machines (NYSE:IBM) Upgraded at StockNews.com

International Business Machines (NYSE:IBM) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a research report issued on Wednesday.

Several other research analysts have also issued reports on the company. Jefferies Financial Group upped their target price on International Business Machines from $245.00 to $270.00 and gave the company a “hold” rating in a research report on Thursday, January 30th. Sanford C. Bernstein upped their price objective on shares of International Business Machines from $210.00 to $215.00 and gave the company a “market perform” rating in a report on Friday, January 3rd. Stifel Nicolaus lifted their target price on shares of International Business Machines from $205.00 to $246.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $250.00 price target on shares of International Business Machines in a report on Monday, January 27th. Finally, Wedbush initiated coverage on shares of International Business Machines in a report on Monday. They set an “outperform” rating on the stock. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, International Business Machines currently has an average rating of “Hold” and a consensus price target of $225.53.

International Business Machines Stock Down 0.5 %

Shares of IBM stock traded down $1.43 during mid-day trading on Wednesday, hitting $263.03. 6,162,946 shares of the stock traded hands, compared to its average volume of 4,916,185. International Business Machines has a 52-week low of $162.62 and a 52-week high of $265.72. The stock has a market cap of $243.21 billion, a P/E ratio of 41.04, a P/E/G ratio of 5.63 and a beta of 0.76. The company has a debt-to-equity ratio of 1.82, a current ratio of 1.04 and a quick ratio of 1.00. The stock’s fifty day moving average is $228.01 and its two-hundred day moving average is $215.86.

International Business Machines (NYSE:IBM) last posted its earnings results on Wednesday, January 29th. The technology company reported $3.92 EPS for the quarter, beating analysts’ consensus estimates of $3.77 by $0.15. International Business Machines had a net margin of 9.60% and a return on equity of 38.99%. Equities analysts predict that International Business Machines will post 10.73 EPS for the current year.

Insider Activity

In related news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of International Business Machines stock in a transaction on Friday, November 8th. The shares were sold at an average price of $215.20, for a total value of $774,720.00. Following the sale, the senior vice president now owns 25,390 shares of the company’s stock, valued at approximately $5,463,928. This trade represents a 12.42 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.07% of the company’s stock.

Institutional Trading of International Business Machines

Institutional investors and hedge funds have recently modified their holdings of the stock. Czech National Bank lifted its holdings in International Business Machines by 7.2% in the 3rd quarter. Czech National Bank now owns 187,647 shares of the technology company’s stock valued at $41,485,000 after purchasing an additional 12,599 shares in the last quarter. O Keefe Stevens Advisory Inc. acquired a new stake in shares of International Business Machines in the third quarter valued at about $251,000. Olistico Wealth LLC lifted its stake in shares of International Business Machines by 45.3% in the third quarter. Olistico Wealth LLC now owns 3,290 shares of the technology company’s stock worth $727,000 after buying an additional 1,025 shares in the last quarter. Brookstone Capital Management grew its stake in International Business Machines by 1.3% during the 3rd quarter. Brookstone Capital Management now owns 16,548 shares of the technology company’s stock valued at $3,658,000 after acquiring an additional 210 shares in the last quarter. Finally, Marquette Asset Management LLC raised its holdings in International Business Machines by 12.0% in the 3rd quarter. Marquette Asset Management LLC now owns 849 shares of the technology company’s stock valued at $188,000 after acquiring an additional 91 shares during the last quarter. Hedge funds and other 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.