Brokerages Set International Business Machines Co. (NYSE:IBM) PT at $208.12

International Business Machines Co. (NYSE:IBM) has earned a consensus rating of “Hold” from the seventeen research firms that are covering the company, Marketbeat.com reports. Three equities research analysts have rated the stock with a sell recommendation, eight have assigned a hold recommendation and six have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $208.12.

A number of research firms recently issued reports on IBM. BMO Capital Markets lifted their price objective on International Business Machines from $235.00 to $260.00 and gave the company a “market perform” rating in a research report on Thursday, October 24th. Bank of America increased their price objective on International Business Machines from $209.00 to $250.00 and gave the stock a “buy” rating in a report on Wednesday, October 9th. Hsbc Global Res upgraded shares of International Business Machines to a “moderate sell” rating in a research note on Friday, July 26th. Evercore ISI increased their price target on shares of International Business Machines from $215.00 to $240.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 11th. Finally, UBS Group raised their price target on shares of International Business Machines from $130.00 to $145.00 and gave the company a “sell” rating in a report on Wednesday, September 4th.

International Business Machines Trading Up 0.1 %

NYSE:IBM opened at $213.76 on Tuesday. The stock has a fifty day simple moving average of $217.49 and a 200 day simple moving average of $191.86. The firm has a market capitalization of $197.65 billion, a price-to-earnings ratio of 31.10, a price-to-earnings-growth ratio of 4.64 and a beta of 0.71. International Business Machines has a 1-year low of $145.28 and a 1-year high of $237.37. The company has a quick ratio of 1.01, a current ratio of 1.06 and a debt-to-equity ratio of 2.16.

International Business Machines (NYSE:IBM) last announced its quarterly earnings data on Wednesday, October 23rd. The technology company reported $2.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.27 by $0.03. The firm had revenue of $14.97 billion during the quarter, compared to the consensus estimate of $15.08 billion. International Business Machines had a return on equity of 40.52% and a net margin of 10.22%. The business’s revenue for the quarter was up 1.5% on a year-over-year basis. During the same period in the prior year, the business earned $2.20 EPS. Sell-side analysts forecast that International Business Machines will post 10.11 earnings per share for the current year.

International Business Machines Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Tuesday, November 12th will be paid a dividend of $1.67 per share. The ex-dividend date of this dividend is Tuesday, November 12th. This represents a $6.68 dividend on an annualized basis and a dividend yield of 3.13%. International Business Machines’s dividend payout ratio (DPR) is presently 97.23%.

Institutional Trading of International Business Machines

Institutional investors and hedge funds have recently modified their holdings of the stock. Nordea Investment Management AB raised its position in shares of International Business Machines by 3.3% during the first quarter. Nordea Investment Management AB now owns 66,975 shares of the technology company’s stock worth $12,790,000 after purchasing an additional 2,125 shares during the period. Central Pacific Bank Trust Division acquired a new position in shares of International Business Machines in the first quarter valued at approximately $226,000. Proficio Capital Partners LLC increased its position in shares of International Business Machines by 4.9% during the first quarter. Proficio Capital Partners LLC now owns 2,074 shares of the technology company’s stock worth $396,000 after acquiring an additional 96 shares in the last quarter. Callan Capital LLC bought a new stake in International Business Machines in the 1st quarter valued at $252,000. Finally, Larson Financial Group LLC boosted its stake in International Business Machines by 20.4% in the 1st quarter. Larson Financial Group LLC now owns 2,895 shares of the technology company’s stock worth $553,000 after purchasing an additional 491 shares during the period. 58.96% of the stock is owned by institutional investors.

About International Business Machines

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.