International Business Machines (NYSE:IBM) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of International Business Machines (NYSE:IBM) from a hold rating to a buy rating in a research note released on Sunday morning.

A number of other equities research analysts also recently weighed in on IBM. Jefferies Financial Group lifted their target price on International Business Machines from $280.00 to $305.00 and gave the stock a “hold” rating in a report on Tuesday, October 21st. Royal Bank Of Canada lowered their price objective on shares of International Business Machines from $315.00 to $300.00 and set an “outperform” rating for the company in a research note on Thursday, October 23rd. Sanford C. Bernstein assumed coverage on shares of International Business Machines in a research report on Monday, September 15th. They set a “market perform” rating and a $280.00 target price on the stock. Morgan Stanley reduced their price target on shares of International Business Machines from $256.00 to $252.00 and set an “equal weight” rating for the company in a report on Thursday, October 23rd. Finally, Erste Group Bank lowered shares of International Business Machines from a “buy” rating to a “hold” rating in a report on Thursday, August 14th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $288.00.

International Business Machines Trading Down 0.1%

IBM opened at $312.90 on Friday. The stock has a market cap of $292.47 billion, a PE ratio of 37.43, a price-to-earnings-growth ratio of 4.40 and a beta of 0.73. The company has a quick ratio of 0.89, a current ratio of 0.93 and a debt-to-equity ratio of 1.97. International Business Machines has a twelve month low of $203.51 and a twelve month high of $319.35. The company has a fifty day moving average of $269.11 and a 200-day moving average of $265.19.

International Business Machines (NYSE:IBM) last issued its quarterly earnings results on Wednesday, October 22nd. The technology company reported $2.65 earnings per share for the quarter, topping analysts’ consensus estimates of $2.45 by $0.20. The firm had revenue of $16.33 billion during the quarter, compared to the consensus estimate of $16.10 billion. International Business Machines had a return on equity of 37.76% and a net margin of 12.09%.The business’s revenue was up 9.1% compared to the same quarter last year. During the same period last year, the business posted $2.30 EPS. International Business Machines has set its FY 2025 guidance at EPS. On average, sell-side analysts predict that International Business Machines will post 10.78 EPS for the current year.

International Business Machines Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Monday, November 10th will be given a dividend of $1.68 per share. The ex-dividend date of this dividend is Monday, November 10th. This represents a $6.72 annualized dividend and a dividend yield of 2.1%. International Business Machines’s payout ratio is presently 80.38%.

Hedge Funds Weigh In On International Business Machines

Hedge funds have recently added to or reduced their stakes in the stock. Family CFO Inc purchased a new position in shares of International Business Machines during the second quarter valued at approximately $25,000. Winnow Wealth LLC bought a new position in International Business Machines during the 2nd quarter valued at $27,000. Mountain Hill Investment Partners Corp. purchased a new position in International Business Machines during the 3rd quarter worth $28,000. Christopher J. Hasenberg Inc bought a new stake in shares of International Business Machines in the 1st quarter worth $27,000. Finally, SSA Swiss Advisors AG purchased a new stake in shares of International Business Machines in the first quarter valued at about $28,000. Institutional investors and hedge funds 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.