BMO Capital Markets Boosts International Business Machines (NYSE:IBM) Price Target to $210.00

International Business Machines (NYSE:IBM) had its target price lifted by BMO Capital Markets from $190.00 to $210.00 in a research note released on Thursday, Benzinga reports. They currently have a market perform rating on the technology company’s stock.

IBM has been the topic of a number of other reports. Jefferies Financial Group boosted their price target on shares of International Business Machines from $190.00 to $200.00 and gave the stock a hold rating in a research note on Thursday. Stifel Nicolaus boosted their target price on International Business Machines from $190.00 to $205.00 and gave the stock a buy rating in a research report on Thursday. Morgan Stanley reduced their price target on International Business Machines from $186.00 to $179.00 and set an equal weight rating for the company in a report on Friday, April 26th. Wedbush upped their price objective on International Business Machines from $140.00 to $160.00 and gave the stock a neutral rating in a report on Thursday, April 25th. Finally, StockNews.com raised International Business Machines from a hold rating to a buy rating in a report on Wednesday, June 19th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of Hold and a consensus target price of $184.93.

International Business Machines Trading Down 0.1 %

Shares of IBM stock opened at $191.75 on Thursday. The company has a market capitalization of $176.14 billion, a P/E ratio of 21.72, a price-to-earnings-growth ratio of 4.69 and a beta of 0.71. The company has a current ratio of 1.12, a quick ratio of 1.09 and a debt-to-equity ratio of 2.20. The business’s 50 day moving average is $174.75 and its two-hundred day moving average is $179.25. International Business Machines has a twelve month low of $135.87 and a twelve month high of $199.18.

International Business Machines (NYSE:IBM) last issued 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 during the quarter, compared to the consensus estimate of $15.62 billion. International Business Machines had a return on equity of 40.59% and a net margin of 13.52%. The company’s revenue for the quarter was up 1.9% on a year-over-year basis. During the same period last year, the company earned $2.18 earnings per share. Equities analysts forecast that International Business Machines will post 10.06 EPS for the current year.

International Business Machines Increases Dividend

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

Institutional Trading of International Business Machines

Institutional investors and hedge funds have recently modified their holdings of the business. Desjardins Global Asset Management Inc. raised its position in shares of International Business Machines by 1.4% during the 4th quarter. Desjardins Global Asset Management Inc. now owns 3,940 shares of the technology company’s stock worth $644,000 after purchasing an additional 54 shares during the last quarter. Arden Trust Co lifted its position in shares of International Business Machines by 2.8% in the first quarter. Arden Trust Co now owns 1,973 shares of the technology company’s stock valued at $377,000 after acquiring an additional 54 shares in the last quarter. Calamos Wealth Management LLC boosted its stake in shares of International Business Machines by 2.8% during the fourth quarter. Calamos Wealth Management LLC now owns 2,007 shares of the technology company’s stock valued at $328,000 after acquiring an additional 55 shares during the last quarter. Avion Wealth boosted its stake in shares of International Business Machines by 6.2% during the fourth quarter. Avion Wealth now owns 964 shares of the technology company’s stock valued at $158,000 after acquiring an additional 56 shares during the last quarter. Finally, CVA Family Office LLC raised its stake in International Business Machines by 3.3% in the 2nd quarter. CVA Family Office LLC now owns 1,796 shares of the technology company’s stock valued at $311,000 after purchasing an additional 57 shares during the last quarter. Hedge funds and other 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.