Brokerages Set International Business Machines Co. (NYSE:IBM) PT at $198.41

Shares of International Business Machines Co. (NYSE:IBM) have been assigned an average rating of “Hold” from the seventeen research firms that are presently covering the firm, Marketbeat reports. Three analysts have rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $198.41.

A number of equities analysts have recently commented on the stock. BMO Capital Markets raised their target price on shares of International Business Machines from $190.00 to $210.00 and gave the stock a “market perform” rating in a research report on Thursday, July 25th. Stifel Nicolaus lifted their target price on International Business Machines from $190.00 to $205.00 and gave the company a “buy” rating in a research report on Thursday, July 25th. UBS Group increased their price target on International Business Machines from $130.00 to $145.00 and gave the stock a “sell” rating in a research report on Wednesday, September 4th. The Goldman Sachs Group raised their price target on International Business Machines from $220.00 to $250.00 and gave the company a “buy” rating in a research note on Monday, September 30th. Finally, Hsbc Global Res raised shares of International Business Machines to a “moderate sell” rating in a research note on Friday, July 26th.

International Business Machines Price Performance

Shares of NYSE IBM opened at $233.26 on Friday. The stock’s 50-day simple moving average is $207.67 and its two-hundred day simple moving average is $187.62. The company has a quick ratio of 1.08, a current ratio of 1.12 and a debt-to-equity ratio of 2.20. International Business Machines has a twelve month low of $135.87 and a twelve month high of $235.83. The firm has a market capitalization of $214.27 billion, a P/E ratio of 26.42, a P/E/G ratio of 5.21 and a beta of 0.70.

International Business Machines (NYSE:IBM) last issued its earnings results on Wednesday, July 24th. The technology company reported $2.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.16 by $0.27. International Business Machines had a return on equity of 40.59% and a net margin of 13.52%. The firm had revenue of $15.77 billion for the quarter, compared to analysts’ expectations of $15.62 billion. During the same period in the previous year, the firm posted $2.18 earnings per share. The business’s revenue was up 1.9% compared to the same quarter last year. As a group, equities analysts anticipate that International Business Machines will post 10.1 EPS for the current fiscal year.

International Business Machines Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Friday, August 9th were paid a $1.67 dividend. This represents a $6.68 dividend on an annualized basis and a yield of 2.86%. The ex-dividend date was Friday, August 9th. International Business Machines’s dividend payout ratio is presently 75.65%.

Institutional Investors Weigh In On International Business Machines

Several large investors have recently bought and sold shares of the company. Creative Planning increased its position in shares of International Business Machines by 5.1% during the third quarter. Creative Planning now owns 300,740 shares of the technology company’s stock worth $66,488,000 after purchasing an additional 14,677 shares in the last quarter. CX Institutional grew its holdings in shares of International Business Machines by 6.0% in the third quarter. CX Institutional now owns 6,982 shares of the technology company’s stock valued at $1,544,000 after purchasing an additional 393 shares during the period. Fiduciary Alliance LLC lifted its holdings in International Business Machines by 59.2% in the third quarter. Fiduciary Alliance LLC now owns 2,643 shares of the technology company’s stock valued at $584,000 after acquiring an additional 983 shares during the last quarter. Cherrydale Wealth Management LLC purchased a new stake in shares of International Business Machines in the 3rd quarter valued at $200,000. Finally, Procyon Advisors LLC lifted its stake in International Business Machines by 82.0% during the 3rd quarter. Procyon Advisors LLC now owns 6,993 shares of the technology company’s stock worth $1,546,000 after acquiring an additional 3,151 shares in the last quarter. 58.96% of the stock is currently owned by hedge funds and other institutional investors.

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.