Wall Street Zen Upgrades International Business Machines (NYSE:IBM) to “Hold”

International Business Machines (NYSE:IBM) was upgraded by investment analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued on Sunday.

IBM has been the topic of several other research reports. 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. DZ Bank raised International Business Machines from a “hold” rating to a “buy” rating and set a $295.00 price objective for the company in a research note on Friday, April 24th. Roth Mkm restated a “buy” rating on shares of International Business Machines in a report on Wednesday, June 3rd. HSBC raised International Business Machines from a “reduce” rating to a “hold” rating and lifted their target price for the company from $218.00 to $231.00 in a research report on Tuesday, April 28th. Finally, Barclays assumed coverage on International Business Machines in a report on Monday, June 1st. They set an “overweight” rating and a $350.00 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, International Business Machines presently has an average rating of “Moderate Buy” and a consensus target price of $304.17.

International Business Machines Stock Performance

Shares of IBM stock opened at $249.72 on Friday. The company has a current ratio of 0.80, a quick ratio of 0.76 and a debt-to-equity ratio of 1.75. The firm has a fifty day simple moving average of $251.46 and a two-hundred day simple moving average of $268.77. International Business Machines has a 12 month low of $212.34 and a 12 month high of $332.46. The firm has a market capitalization of $234.71 billion, a PE ratio of 22.08, a price-to-earnings-growth ratio of 2.58 and a beta of 0.67.

International Business Machines (NYSE:IBM) last issued its quarterly earnings data on Wednesday, April 22nd. The technology company reported $1.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.81 by $0.10. The firm had revenue of $15.92 billion during the quarter, compared to analysts’ expectations of $15.60 billion. International Business Machines had a net margin of 15.61% and a return on equity of 37.23%. The business’s revenue was up 9.5% on a year-over-year basis. During the same period last year, the company earned $1.60 earnings per share. Analysts forecast that International Business Machines will post 12.38 EPS for the current fiscal year.

Hedge Funds Weigh In On International Business Machines

Several institutional investors have recently added to or reduced their stakes in IBM. Steelhead Wealth Management LLC purchased a new stake in International Business Machines during the first quarter worth about $369,000. Shariaportfolio Inc. purchased a new position in International Business Machines in the first quarter valued at about $278,000. FAS Wealth Partners Inc. boosted its stake in International Business Machines by 1.1% in the first quarter. FAS Wealth Partners Inc. now owns 7,598 shares of the technology company’s stock valued at $1,842,000 after acquiring an additional 86 shares during the last quarter. Pine Valley Investments Ltd Liability Co grew its position in shares of International Business Machines by 1.1% during the 1st quarter. Pine Valley Investments Ltd Liability Co now owns 20,341 shares of the technology company’s stock valued at $4,930,000 after acquiring an additional 225 shares during the period. Finally, Farmers National Bank grew its position in shares of International Business Machines by 13.9% during the 1st quarter. Farmers National Bank now owns 28,786 shares of the technology company’s stock valued at $6,977,000 after acquiring an additional 3,518 shares during the period. Institutional investors own 58.96% of the company’s stock.

More International Business Machines News

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

• Positive Sentiment: IBM continued to expand its enterprise software footprint, including a successful IBM Maximo SaaS migration for a major Asia-Pacific resort operator, which highlights demand for its cloud and asset-management offerings. Sedin Technologies Completes IBM Maximo Application Suite SaaS Migration for Major Asia-Pacific Resort Operator Across Five Properties
• Positive Sentiment: IBM was also mentioned as a partner in ServiceNow’s expanding AI governance ecosystem, suggesting ongoing relevance in enterprise AI and workflow modernization initiatives. Is ServiceNow (NOW) Quietly Becoming the Core Orchestrator of Enterprise AI Governance?
• Neutral Sentiment: IBM unveiled new Z platform security tools, including zSecure Detection and Secret Manager, reinforcing its mainframe security story, but the announcement did not outweigh broader selling pressure. IBM (IBM) Stock Drops Over 5% as New Mainframe Security Suite Launches
• Negative Sentiment: IBM’s stock is being weighed down by a sector-wide read-through from Accenture’s revenue warning, which renewed concerns about demand in IT services ahead of IBM’s July 22 earnings report. Here’s why the IBM stock is falling after the Accenture earnings
• Negative Sentiment: Additional articles noted IBM’s sharp retreat as investors rotated out of IT services names after Accenture cut guidance, adding to recent downside momentum in the shares. Why Is IBM Stock Declining On Thursday?

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.