International Business Machines (NYSE:IBM) PT Raised to $210.00 at BMO Capital Markets

International Business Machines (NYSE:IBM) had its price objective boosted by BMO Capital Markets from $190.00 to $210.00 in a report published on Thursday, Benzinga reports. The brokerage currently has a market perform rating on the technology company’s stock.

A number of other analysts have also recently issued reports on the stock. Royal Bank of Canada reiterated an outperform rating and issued a $200.00 target price on shares of International Business Machines in a research note on Wednesday, May 22nd. JPMorgan Chase & Co. reduced their target price on shares of International Business Machines from $190.00 to $185.00 and set a neutral rating for the company in a research note on Thursday, April 25th. UBS Group lifted 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, April 22nd. Wedbush lifted their target price on shares of International Business Machines from $140.00 to $160.00 and gave the company a neutral rating in a research note on Thursday, April 25th. Finally, BNP Paribas started coverage on shares of International Business Machines in a research note on Thursday, May 2nd. They issued an underperform rating and a $145.00 target price for the company. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, International Business Machines presently has an average rating of Hold and a consensus target price of $184.93.

International Business Machines Price Performance

NYSE IBM opened at $191.75 on Thursday. The company has a 50 day simple moving average of $174.75 and a 200-day simple moving average of $179.38. The company has a debt-to-equity ratio of 2.20, a current ratio of 1.12 and a quick ratio of 1.09. The firm has a market capitalization of $176.14 billion, a price-to-earnings ratio of 21.72, a price-to-earnings-growth ratio of 4.69 and a beta of 0.71. International Business Machines has a 52-week low of $135.87 and a 52-week high of $199.18.

International Business Machines (NYSE:IBM) last posted its quarterly earnings results on Wednesday, July 24th. The technology company reported $2.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.16 by $0.27. The business had revenue of $15.77 billion during the quarter, compared to analyst estimates of $15.62 billion. International Business Machines had a net margin of 13.52% and a return on equity of 40.59%. The firm’s revenue was up 1.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.18 earnings per share. Equities research analysts predict that International Business Machines will post 10.06 earnings per share for the current fiscal year.

International Business Machines Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 10th. Investors of record on Friday, May 10th were given a dividend of $1.67 per share. The ex-dividend date of this dividend was Thursday, May 9th. This represents a $6.68 dividend on an annualized basis and a yield of 3.48%. This is a positive change from International Business Machines’s previous quarterly dividend of $1.66. International Business Machines’s payout ratio is 75.65%.

Hedge Funds Weigh In On International Business Machines

A number of institutional investors and hedge funds have recently bought and sold shares of IBM. Norges Bank bought a new stake in International Business Machines in the 4th quarter valued at $1,019,009,000. Vanguard Group Inc. increased its holdings in International Business Machines by 6.7% in the 1st quarter. Vanguard Group Inc. now owns 88,152,714 shares of the technology company’s stock valued at $16,833,642,000 after buying an additional 5,546,855 shares during the period. International Assets Investment Management LLC increased its holdings in International Business Machines by 15,439.1% in the 4th quarter. International Assets Investment Management LLC now owns 2,653,462 shares of the technology company’s stock valued at $433,974,000 after buying an additional 2,636,386 shares during the period. Price T Rowe Associates Inc. MD increased its holdings in International Business Machines by 151.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,515,666 shares of the technology company’s stock valued at $671,352,000 after buying an additional 2,118,165 shares during the period. Finally, Capital Wealth Planning LLC bought a new stake in International Business Machines in the 4th quarter valued at $172,887,000. Institutional investors own 58.96% of the company’s stock.

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.