International Business Machines (NYSE:IBM) Stock Price Up 1.6% – Time to Buy?

International Business Machines Corporation (NYSE:IBM)’s share price traded up 1.6% during mid-day trading on Monday . The company traded as high as $223.33 and last traded at $222.8410. 5,939,339 shares traded hands during trading, a decline of 1% from the average session volume of 5,985,284 shares. The stock had previously closed at $219.30.

International Business Machines News Summary

Here are the key news stories impacting International Business Machines this week:

• Positive Sentiment: IBM expanded its AI security portfolio, unveiling new autonomous threat-detection tools, Red Hat integration, and enterprise-wide cybersecurity capabilities aimed at defending against AI-driven attacks. IBM Expands AI Security With Anthropic Partnership And Open Source Focus
• Positive Sentiment: IBM also highlighted a partnership with Anthropic through Project Glasswing, reinforcing its position in secure AI and open-source software protection for critical infrastructure. IBM Brings Its Most Advanced AI-Powered Security Portfolio to Clients, and is Strengthened by Ongoing Project Glasswing Work
• Positive Sentiment: Coverage around IBM’s Q1 earnings call pointed to AI-driven growth momentum, supporting the view that enterprise AI demand could help sustain results. IBM Earnings Call Highlights AI-Driven Growth Momentum
• Neutral Sentiment: IBM’s AI and hybrid-cloud strategy remains in focus as the company expands partnerships, including work with Oracle and other enterprise customers, which could support longer-term revenue opportunities. Oracle IBM AI Cloud Alliance And What It Might Mean For ORCL Valuation
• Negative Sentiment: Despite the upbeat AI news, IBM has recently faced heavy selling pressure and weak technical momentum, with analysts and market commentary noting that the stock has lagged broader mega-cap peers this year. IBM Stock Leads Mega-Cap Stock Decliners as Market Volatility Triggers Steep Selloff. That Doesn’t Tell You the Whole Story.
• Negative Sentiment: RBC Capital Markets lowered its price target on IBM, even while keeping an Outperform rating, which may temper enthusiasm after the recent share-price weakness. RBC Capital Markets Lowers IBM PT while Keeping Bullish Rating

Analyst Ratings Changes

A number of research firms recently weighed in on IBM. Evercore increased their price target on International Business Machines from $330.00 to $345.00 and gave the company an “outperform” rating in a research note on Thursday, January 29th. UBS Group raised International Business Machines from a “sell” rating to a “neutral” rating and set a $236.00 price objective on the stock in a research note on Wednesday, February 25th. Argus set a $360.00 target price on International Business Machines in a research report on Friday, January 30th. Weiss Ratings downgraded International Business Machines from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, May 4th. Finally, HSBC upgraded International Business Machines from a “reduce” rating to a “hold” rating and raised their price objective for the stock from $218.00 to $231.00 in a research report on Tuesday, April 28th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat, International Business Machines presently has an average rating of “Moderate Buy” and an average target price of $294.41.

International Business Machines Stock Performance

The firm has a market capitalization of $211.20 billion, a P/E ratio of 19.87, a P/E/G ratio of 2.31 and a beta of 0.58. The stock has a fifty day simple moving average of $239.09 and a two-hundred day simple moving average of $273.55. The company has a debt-to-equity ratio of 1.75, a current ratio of 0.80 and a quick ratio of 0.76.

International Business Machines (NYSE:IBM) last released its quarterly earnings data on Wednesday, April 22nd. The technology company reported $1.91 EPS for the quarter, beating the consensus estimate of $1.81 by $0.10. The firm had revenue of $15.92 billion during the quarter, compared to the consensus estimate of $15.60 billion. International Business Machines had a return on equity of 37.23% and a net margin of 15.61%.The company’s quarterly revenue was up 9.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.60 earnings per share. On average, research analysts predict that International Business Machines Corporation will post 12.4 EPS for the current year.

International Business Machines Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Friday, May 8th will be issued a dividend of $1.69 per share. 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 3.0%. The ex-dividend date is Friday, May 8th. International Business Machines’s dividend payout ratio is presently 59.77%.

Insider Activity at International Business Machines

In other news, Director Michael Miebach acquired 434 shares of the firm’s stock in a transaction dated Wednesday, February 25th. The stock was purchased at an average price of $233.33 per share, for a total transaction of $101,265.22. Following the completion of the acquisition, the director directly owned 434 shares in the company, valued at $101,265.22. The trade was a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. 0.27% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. Boothe Investment Group Inc. boosted its position in shares of International Business Machines by 9.5% during the first quarter. Boothe Investment Group Inc. now owns 8,006 shares of the technology company’s stock valued at $1,941,000 after buying an additional 697 shares during the last quarter. Western Wealth Management LLC boosted its position in shares of International Business Machines by 43.7% during the first quarter. Western Wealth Management LLC now owns 11,213 shares of the technology company’s stock valued at $2,718,000 after buying an additional 3,409 shares during the last quarter. McIlrath & Eck LLC boosted its position in shares of International Business Machines by 16.4% during the first quarter. McIlrath & Eck LLC now owns 2,553 shares of the technology company’s stock valued at $619,000 after buying an additional 359 shares during the last quarter. Orographic Financial Advisors LLC purchased a new position in shares of International Business Machines during the first quarter valued at approximately $291,000. Finally, Silicon Valley Capital Partners boosted its position in shares of International Business Machines by 23.5% during the first quarter. Silicon Valley Capital Partners now owns 7,707 shares of the technology company’s stock valued at $1,868,000 after buying an additional 1,468 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 (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.