International Business Machines (NYSE:IBM) Trading Up 0.4% – Should You Buy?

International Business Machines Co. (NYSE:IBM)’s share price was up 0.4% during mid-day trading on Friday . The stock traded as high as $227.20 and last traded at $223.32. Approximately 1,175,821 shares changed hands during mid-day trading, a decline of 72% from the average daily volume of 4,219,823 shares. The stock had previously closed at $222.40.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on IBM shares. Morgan Stanley reduced their target price on shares of International Business Machines from $217.00 to $208.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 24th. Royal Bank of Canada restated an “outperform” rating and set a $250.00 price objective on shares of International Business Machines in a report on Thursday, October 24th. The Goldman Sachs Group upped their target price on International Business Machines from $220.00 to $250.00 and gave the stock a “buy” rating in a report on Monday, September 30th. Stifel Nicolaus raised their price target on International Business Machines from $205.00 to $246.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. Finally, UBS Group upped their price objective on shares of 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 equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $208.12.

International Business Machines Stock Up 0.3 %

The company has a 50-day moving average of $219.45 and a 200-day moving average of $195.39. 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 company has a market capitalization of $206.17 billion, a price-to-earnings ratio of 32.46, a price-to-earnings-growth ratio of 4.99 and a beta of 0.71.

International Business Machines (NYSE:IBM) last announced its quarterly earnings data on Wednesday, October 23rd. The technology company reported $2.30 EPS for the quarter, beating the consensus estimate of $2.27 by $0.03. The firm 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% on a year-over-year basis. During the same period last year, the firm posted $2.20 EPS. On average, equities analysts predict that International Business Machines Co. will post 10.12 earnings per share for the current fiscal year.

International Business Machines Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Tuesday, November 12th will be issued a dividend of $1.67 per share. This represents a $6.68 dividend on an annualized basis and a dividend yield of 3.00%. The ex-dividend date is Tuesday, November 12th. International Business Machines’s dividend payout ratio (DPR) is presently 97.23%.

Insider Buying and Selling

In other International Business Machines news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of the firm’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $215.20, for a total transaction 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 trade represents a 12.42 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.07% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Capstone Capital LLC acquired a new position in shares of International Business Machines in the 3rd quarter valued at about $249,000. Anchor Investment Management LLC lifted its stake in shares of International Business Machines by 1.9% in the 3rd quarter. Anchor Investment Management LLC now owns 7,799 shares of the technology company’s stock valued at $1,724,000 after purchasing an additional 149 shares during the period. Diamant Asset Management Inc. grew its position in International Business Machines by 11.0% during the third quarter. Diamant Asset Management Inc. now owns 1,610 shares of the technology company’s stock valued at $356,000 after buying an additional 160 shares during the period. SOA Wealth Advisors LLC. raised its position in shares of International Business Machines by 4.6% in the third quarter. SOA Wealth Advisors LLC. now owns 3,140 shares of the technology company’s stock worth $694,000 after acquiring an additional 139 shares during the period. Finally, Westside Investment Management Inc. grew its position in shares of International Business Machines by 12.2% during the 3rd quarter. Westside Investment Management Inc. now owns 919 shares of the technology company’s stock valued at $188,000 after acquiring an additional 100 shares during the period. 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.