International Business Machines Corporation (NYSE:IBM – Get Free Report)’s share price was down 5.5% during trading on Friday . The stock traded as low as $281.07 and last traded at $285.0620. Approximately 12,147,749 shares were traded during mid-day trading, an increase of 70% from the average daily volume of 7,134,877 shares. The stock had previously closed at $301.77.
Key International Business Machines News
Here are the key news stories impacting International Business Machines this week:
- Positive Sentiment: Wedbush reportedly reset its IBM price target higher, citing continued AI momentum and growing confidence in the company’s enterprise AI strategy. Wedbush resets IBM stock price target on AI momentum
- Positive Sentiment: IBM announced a strategic partnership with Google Cloud to help customers scale AI adoption, modernize core systems, and expand IBM’s consulting and cloud services opportunity. IBM and Google Cloud Announce Strategic Partnership to Scale AI with Human Expertise and AI‑Powered Delivery
- Positive Sentiment: Analysts also pointed to IBM’s strengthening position in quantum computing, with recent coverage highlighting IBM’s large investment as a long-term growth catalyst. Citi Sees IBM Strengthening its Position in the Emerging Quantum Computing Market
- Positive Sentiment: Barclays began coverage with an overweight rating and a $350 target, reinforcing the bullish view that IBM’s shift toward software, AI, and hybrid cloud is improving the investment case. Barclays sets eye-catching IBM stock price target
- Neutral Sentiment: IBM and three.ws announced a partnership to combine AI-powered 3D workspaces with IBM’s enterprise AI and hybrid cloud tools, adding another small but supportive enterprise-AI use case. IBM Extends AI Narrative With Three Ws 3D Workspace Partnership
- Negative Sentiment: A Fortune report said IBM and AT&T were accused by a whistleblower of covering up foreign hacks, which could raise concerns about cybersecurity and reputation risk. IBM, AT&T accused by whistleblower of covering up foreign hacks
Wall Street Analyst Weigh In
Several research firms have recently weighed in on IBM. DZ Bank raised shares of International Business Machines from a “hold” rating to a “buy” rating and set a $295.00 target price for the company in a report on Friday, April 24th. JPMorgan Chase & Co. dropped their price target on shares of International Business Machines from $317.00 to $283.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 18th. Citigroup upped their price objective on shares of International Business Machines from $285.00 to $375.00 and gave the stock a “buy” rating in a research report on Tuesday. Roth Mkm restated a “buy” rating on shares of International Business Machines in a research report on Wednesday. Finally, BMO Capital Markets cut their price target on International Business Machines from $290.00 to $270.00 and set a “market perform” rating for the company in a research note on Thursday, April 23rd. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $304.17.
International Business Machines Stock Down 5.5%
The company has a debt-to-equity ratio of 1.75, a current ratio of 0.80 and a quick ratio of 0.76. The business’s 50 day moving average price is $245.61 and its 200 day moving average price is $270.84. The firm has a market cap of $267.93 billion, a PE ratio of 25.20, a PEG ratio of 3.17 and a beta of 0.67.
International Business Machines (NYSE:IBM – Get Free Report) last posted its quarterly earnings data on Wednesday, April 22nd. The technology company reported $1.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.81 by $0.10. International Business Machines had a return on equity of 37.23% and a net margin of 15.61%.The company had revenue of $15.92 billion for the quarter, compared to analysts’ expectations of $15.60 billion. During the same period in the previous year, the firm posted $1.60 EPS. International Business Machines’s revenue was up 9.5% compared to the same quarter last year. On average, equities research analysts expect that International Business Machines Corporation will post 12.4 earnings per share for the current year.
International Business Machines Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Friday, May 8th will be given a dividend of $1.69 per share. The ex-dividend date is Friday, May 8th. This is a positive change from International Business Machines’s previous quarterly dividend of $1.68. This represents a $6.76 annualized dividend and a dividend yield of 2.4%. International Business Machines’s dividend payout ratio (DPR) is presently 59.77%.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in IBM. Basepoint Wealth LLC purchased a new stake in shares of International Business Machines during the fourth quarter worth $25,000. Family CFO Inc acquired a new position in International Business Machines during the fourth quarter worth about $25,000. Joseph Group Capital Management purchased a new stake in International Business Machines during the 4th quarter valued at about $28,000. Cornerstone Financial Management LLC acquired a new stake in International Business Machines in the 4th quarter valued at about $28,000. Finally, SWAN Capital LLC purchased a new position in International Business Machines in the 3rd quarter worth approximately $28,000. Hedge funds and other institutional investors own 58.96% of the company’s stock.
About International Business Machines
International Business Machines Corporation (IBM) is a global technology and consulting company headquartered in Armonk, New York. Founded in 1911 as the Computing-Tabulating-Recording Company (CTR) and renamed IBM in 1924, the company has evolved from early electromechanical machines to a diversified technology provider serving enterprises and governments worldwide. IBM is publicly traded on the New York Stock Exchange under the ticker symbol IBM.
IBM’s principal businesses encompass cloud computing and software, infrastructure and systems, consulting and technology services, and research and development.
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