International Business Machines (NYSE:IBM) Price Target Increased to $205.00 by Analysts at Stifel Nicolaus

International Business Machines (NYSE:IBM) had its price objective lifted by Stifel Nicolaus from $190.00 to $205.00 in a research note issued to investors on Thursday, Benzinga reports. They currently have a buy rating on the technology company’s stock.

IBM has been the topic of several other reports. StockNews.com raised shares of International Business Machines from a hold rating to a buy rating in a research note on Wednesday, June 19th. JPMorgan Chase & Co. decreased their target price on shares of International Business Machines from $190.00 to $185.00 and set a neutral rating on the stock in a research note on Thursday, April 25th. The Goldman Sachs Group began coverage on shares of International Business Machines in a research report on Monday, June 24th. They set a buy rating and a $200.00 price objective on the stock. Jefferies Financial Group reduced their price objective on shares of International Business Machines from $215.00 to $210.00 and set a hold rating on the stock in a research report on Tuesday, April 23rd. Finally, BNP Paribas began coverage on shares of International Business Machines in a research report on Thursday, May 2nd. They set an underperform rating and a $145.00 price objective on the stock. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, International Business Machines has a consensus rating of Hold and an average target price of $184.93.

International Business Machines Trading Up 4.4 %

Shares of IBM opened at $192.04 on Thursday. The firm has a market cap of $176.41 billion, a price-to-earnings ratio of 21.75, a PEG ratio of 4.54 and a beta of 0.71. The company has a debt-to-equity ratio of 2.32, a quick ratio of 1.09 and a current ratio of 1.13. International Business Machines has a fifty-two week low of $135.87 and a fifty-two week high of $199.18. The firm has a 50 day moving average price of $174.29 and a 200-day moving average price of $178.90.

International Business Machines (NYSE:IBM) last announced its quarterly earnings data on Wednesday, July 24th. The technology company reported $2.43 earnings per share for the quarter, topping analysts’ consensus estimates of $2.16 by $0.27. International Business Machines had a net margin of 13.52% and a return on equity of 41.06%. The firm had revenue of $15.77 billion during the quarter, compared to analyst estimates of $15.62 billion. During the same period in the previous year, the business posted $2.18 EPS. The business’s quarterly revenue was up 1.9% on a year-over-year basis. As a group, equities research analysts forecast that International Business Machines will post 9.91 earnings per share for the current year.

International Business Machines Increases Dividend

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

Hedge Funds Weigh In On International Business Machines

Hedge funds have recently bought and sold shares of the company. Vontobel Holding Ltd. boosted its stake in International Business Machines by 20.3% in the 4th quarter. Vontobel Holding Ltd. now owns 477,193 shares of the technology company’s stock worth $78,045,000 after purchasing an additional 80,474 shares in the last quarter. Tsfg LLC lifted its stake in International Business Machines by 40.5% during the 4th quarter. Tsfg LLC now owns 378 shares of the technology company’s stock valued at $62,000 after acquiring an additional 109 shares during the period. Auxano Advisors LLC lifted its stake in International Business Machines by 4.8% during the 4th quarter. Auxano Advisors LLC now owns 3,398 shares of the technology company’s stock valued at $556,000 after acquiring an additional 156 shares during the period. West Family Investments Inc. lifted its stake in International Business Machines by 7.6% during the 4th quarter. West Family Investments Inc. now owns 2,736 shares of the technology company’s stock valued at $447,000 after acquiring an additional 194 shares during the period. Finally, Mosley Wealth Management bought a new position in International Business Machines during the 4th quarter valued at about $312,000. 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.