International Business Machines (NYSE:IBM) Trading Up 3.5% on Analyst Upgrade

International Business Machines Corporation (NYSE:IBM)’s share price traded up 3.5% during mid-day trading on Monday after Bank of America raised their price target on the stock from $315.00 to $330.00. Bank of America currently has a buy rating on the stock. International Business Machines traded as high as $300.82 and last traded at $299.58. Approximately 7,041,938 shares were traded during trading, a decline of 3% from the average daily volume of 7,286,552 shares. The stock had previously closed at $289.52.

Several other brokerages have also recently commented on IBM. Morgan Stanley upgraded shares of International Business Machines from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, June 23rd. Wall Street Zen upgraded shares of International Business Machines from a “sell” rating to a “hold” rating in a research report on Sunday, June 21st. Wolfe Research lowered International Business Machines to a “peer perform” rating in a research note on Tuesday, June 23rd. Piper Sandler raised International Business Machines to an “overweight” rating in a research note on Tuesday, June 23rd. Finally, Citigroup boosted their target price on International Business Machines from $285.00 to $375.00 and gave the stock a “buy” rating in a research report on Tuesday, June 2nd. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat.com, International Business Machines currently has an average rating of “Moderate Buy” and a consensus target price of $306.47.

Trending Headlines about International Business Machines

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

• Positive Sentiment: Bank of America Securities raised its price target on IBM to $330 from $315 and reiterated a buy rating, citing stronger Q2 potential, improving software mix, and possible 2026 guidance upside. Article Title
• Positive Sentiment: BofA also called IBM the “leader in the quantum category,” which boosted sentiment around the company’s long-term growth opportunity in quantum computing. Article Title
• Positive Sentiment: IBM and partners Oak Ridge National Laboratory and Cleveland Clinic reported first-known quantum-computer calculations tied to fusion materials, highlighting real-world quantum progress and reinforcing IBM’s innovation narrative. Article Title
• Positive Sentiment: IBM announced a cybersecurity partnership with Deloitte and Red Hat to help businesses defend against automated cyberattacks, supporting its enterprise software and security positioning. Article Title
• Neutral Sentiment: Investors are also watching IBM as a trending stock and waiting for its July 22 earnings release, which could confirm whether AI-driven demand is translating into stronger revenue and margins. Article Title
• Neutral Sentiment: Broader market strength in tech has also provided a supportive backdrop for IBM shares. Article Title

Institutional Trading of International Business Machines

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Brighton Jones LLC boosted its stake in International Business Machines by 12.4% in the 4th quarter. Brighton Jones LLC now owns 21,011 shares of the technology company’s stock worth $4,619,000 after buying an additional 2,323 shares during the last quarter. Sivia Capital Partners LLC lifted its holdings in shares of International Business Machines by 10.6% during the 2nd quarter. Sivia Capital Partners LLC now owns 1,938 shares of the technology company’s stock worth $571,000 after acquiring an additional 186 shares during the period. Jump Financial LLC acquired a new stake in shares of International Business Machines in the second quarter worth approximately $211,000. Ieq Capital LLC boosted its position in shares of International Business Machines by 2.2% in the second quarter. Ieq Capital LLC now owns 38,617 shares of the technology company’s stock worth $11,383,000 after acquiring an additional 843 shares during the last quarter. Finally, Vivaldi Capital Management LP grew its holdings in International Business Machines by 11.6% in the second quarter. Vivaldi Capital Management LP now owns 1,017 shares of the technology company’s stock valued at $300,000 after purchasing an additional 106 shares during the period. Hedge funds and other institutional investors own 58.96% of the company’s stock.

International Business Machines Stock Up 3.5%

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 stock has a market cap of $281.57 billion, a price-to-earnings ratio of 26.49, a price-to-earnings-growth ratio of 3.00 and a beta of 0.68. The firm’s 50-day moving average is $256.99 and its 200 day moving average is $266.06.

International Business Machines (NYSE:IBM) last announced its quarterly earnings results on Wednesday, April 22nd. The technology company reported $1.91 earnings per share for the quarter, beating analysts’ consensus estimates of $1.81 by $0.10. The company had revenue of $15.92 billion for the quarter, compared to analyst estimates of $15.60 billion. International Business Machines had a net margin of 15.61% and a return on equity of 37.23%. International Business Machines’s revenue for the quarter was up 9.5% on a year-over-year basis. During the same quarter last year, the business earned $1.60 EPS. Sell-side analysts anticipate that International Business Machines Corporation will post 12.4 earnings per share for the current fiscal year.

International Business Machines Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Friday, May 8th were paid a dividend of $1.69 per share. This is a boost from International Business Machines’s previous quarterly dividend of $1.68. This represents a $6.76 annualized dividend and a yield of 2.3%. The ex-dividend date was Friday, May 8th. International Business Machines’s payout ratio is currently 59.77%.

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.