Brokerages Set International Business Machines Co. (NYSE:IBM) PT at $178.67

International Business Machines Co. (NYSE:IBM) has earned an average recommendation of “Hold” from the thirteen research firms that are currently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $177.23.

A number of equities analysts recently issued reports on IBM shares. Evercore ISI raised shares of International Business Machines from an “in-line” rating to an “outperform” rating and increased their price target for the stock from $165.00 to $200.00 in a research note on Friday, January 19th. Societe Generale reaffirmed a “sell” rating and set a $143.00 target price on shares of International Business Machines in a research note on Friday, January 5th. Jefferies Financial Group decreased their target price on shares of International Business Machines from $215.00 to $210.00 and set a “hold” rating for the company in a research note on Tuesday. UBS Group raised their target price on shares of International Business Machines from $125.00 to $130.00 and gave the company a “sell” rating in a research note on Monday. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $190.00 target price on shares of International Business Machines in a research note on Wednesday, April 17th.

Institutional Trading of International Business Machines

Hedge funds have recently bought and sold shares of the stock. RVW Wealth LLC purchased a new stake in shares of International Business Machines during the 3rd quarter valued at about $107,000. IFP Advisors Inc boosted its stake in shares of International Business Machines by 12.5% during the third quarter. IFP Advisors Inc now owns 12,877 shares of the technology company’s stock valued at $1,806,000 after purchasing an additional 1,429 shares in the last quarter. Cypress Wealth Services LLC bought a new position in shares of International Business Machines during the third quarter valued at approximately $206,000. Gibraltar Capital Management Inc. boosted its stake in shares of International Business Machines by 1.0% during the third quarter. Gibraltar Capital Management Inc. now owns 49,816 shares of the technology company’s stock valued at $6,989,000 after purchasing an additional 497 shares in the last quarter. Finally, Ritholtz Wealth Management lifted its position in International Business Machines by 14.4% during the third quarter. Ritholtz Wealth Management now owns 9,476 shares of the technology company’s stock valued at $1,330,000 after acquiring an additional 1,196 shares during the last quarter. Hedge funds and other institutional investors own 58.96% of the company’s stock.

International Business Machines Stock Performance

NYSE IBM opened at $182.19 on Friday. The company has a quick ratio of 0.93, a current ratio of 0.96 and a debt-to-equity ratio of 2.22. The company has a 50-day simple moving average of $188.35 and a two-hundred day simple moving average of $169.88. The firm has a market cap of $167.02 billion, a price-to-earnings ratio of 22.41, a PEG ratio of 3.57 and a beta of 0.70. International Business Machines has a 12-month low of $120.55 and a 12-month high of $199.18.

International Business Machines (NYSE:IBM) last posted its earnings results on Wednesday, January 24th. The technology company reported $3.87 earnings per share for the quarter, topping analysts’ consensus estimates of $3.78 by $0.09. International Business Machines had a net margin of 12.13% and a return on equity of 39.55%. The company had revenue of $17.38 billion during the quarter, compared to analyst estimates of $17.29 billion. During the same period in the prior year, the business posted $3.60 earnings per share. International Business Machines’s revenue for the quarter was up 4.1% on a year-over-year basis. On average, equities analysts forecast that International Business Machines will post 10.04 EPS for the current year.

International Business Machines Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Saturday, March 9th. Investors of record on Friday, February 9th were issued a $1.66 dividend. This represents a $6.64 annualized dividend and a yield of 3.64%. The ex-dividend date of this dividend was Thursday, February 8th. International Business Machines’s dividend payout ratio is currently 81.67%.

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.