International Business Machines Co. (NYSE:IBM) Receives $184.93 Average PT from Analysts

International Business Machines Co. (NYSE:IBM) has been given a consensus recommendation of “Hold” by the fifteen research firms that are covering the firm, Marketbeat.com reports. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $184.93.

IBM has been the topic of several recent analyst reports. BMO Capital Markets raised their price target on International Business Machines from $190.00 to $210.00 and gave the company a “market perform” rating in a report on Thursday, July 25th. Royal Bank of Canada lifted their target price on shares of International Business Machines from $200.00 to $211.00 and gave the company an “outperform” rating in a research report on Thursday, July 25th. BNP Paribas initiated coverage on shares of International Business Machines in a research note on Thursday, May 2nd. They issued an “underperform” rating and a $145.00 price target for the company. Stifel Nicolaus raised their price objective on shares of International Business Machines from $190.00 to $205.00 and gave the company a “buy” rating in a research report on Thursday, July 25th. Finally, Jefferies Financial Group upped their target price on shares of International Business Machines from $190.00 to $200.00 and gave the stock a “hold” rating in a research report on Thursday, July 25th.

International Business Machines Price Performance

IBM stock opened at $196.10 on Thursday. The firm has a 50 day moving average of $183.79 and a 200-day moving average of $181.43. The company has a current ratio of 1.12, a quick ratio of 1.08 and a debt-to-equity ratio of 2.20. The firm has a market capitalization of $180.14 billion, a P/E ratio of 22.21, a price-to-earnings-growth ratio of 4.24 and a beta of 0.71. International Business Machines has a 12 month low of $135.87 and a 12 month high of $199.18.

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

International Business Machines Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Friday, August 9th will be given a $1.67 dividend. The ex-dividend date is Friday, August 9th. This represents a $6.68 annualized dividend and a yield of 3.41%. International Business Machines’s payout ratio is currently 75.65%.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in IBM. Auxano Advisors LLC increased its stake in shares of International Business Machines by 4.8% during the fourth quarter. Auxano Advisors LLC now owns 3,398 shares of the technology company’s stock valued at $556,000 after buying an additional 156 shares during the period. West Family Investments Inc. increased its stake in shares of International Business Machines by 7.6% in the 4th quarter. West Family Investments Inc. now owns 2,736 shares of the technology company’s stock worth $447,000 after acquiring an additional 194 shares in the last quarter. Mosley Wealth Management purchased a new position in International Business Machines during the 4th quarter valued at about $312,000. Hodges Capital Management Inc. boosted its stake in International Business Machines by 60.8% during the first quarter. Hodges Capital Management Inc. now owns 20,535 shares of the technology company’s stock worth $3,921,000 after acquiring an additional 7,768 shares in the last quarter. Finally, Burns J W & Co. Inc. NY boosted its position in shares of International Business Machines by 10.8% in the 1st quarter. Burns J W & Co. Inc. NY now owns 2,571 shares of the technology company’s stock worth $491,000 after purchasing an additional 250 shares in the last quarter. 58.96% of the stock is owned by hedge funds and other 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.