International Business Machines (NYSE:IBM) Now Covered by Analysts at The Goldman Sachs Group

The Goldman Sachs Group started coverage on shares of International Business Machines (NYSE:IBM) in a report released on Monday, Marketbeat Ratings reports. The firm issued a buy rating and a $200.00 price objective on the technology company’s stock.

A number of other equities analysts have also recently issued reports on IBM. Wedbush increased their target price on International Business Machines from $140.00 to $160.00 and gave the stock a neutral rating in a report on Thursday, April 25th. BMO Capital Markets lowered their target price on International Business Machines from $210.00 to $190.00 and set a market perform rating for the company in a report on Thursday, April 25th. JPMorgan Chase & Co. lowered their target price on International Business Machines from $190.00 to $185.00 and set a neutral rating for the company in a report on Thursday, April 25th. Sanford C. Bernstein raised their price objective on International Business Machines from $165.00 to $186.00 and gave the company a market perform rating in a report on Thursday, March 7th. Finally, UBS Group raised their price objective on International Business Machines from $125.00 to $130.00 and gave the company a sell rating in a report on Monday, April 22nd. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, International Business Machines has a consensus rating of Hold and an average target price of $182.53.

International Business Machines Price Performance

IBM opened at $170.88 on Monday. The company has a quick ratio of 1.09, a current ratio of 1.13 and a debt-to-equity ratio of 2.32. International Business Machines has a 12 month low of $130.91 and a 12 month high of $199.18. The company has a fifty day simple moving average of $170.34 and a 200 day simple moving average of $176.37. The stock has a market cap of $156.97 billion, a P/E ratio of 19.35, a P/E/G ratio of 4.26 and a beta of 0.72.

International Business Machines (NYSE:IBM) last released its quarterly earnings data on Tuesday, April 30th. The technology company reported $1.68 EPS for the quarter, beating analysts’ consensus estimates of $1.59 by $0.09. The business had revenue of $14.46 billion during the quarter, compared to analysts’ expectations of $14.53 billion. International Business Machines had a net margin of 13.18% and a return on equity of 40.21%. The firm’s quarterly revenue was up 1.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.36 EPS. On average, research analysts expect that International Business Machines will post 9.9 EPS for the current year.

International Business Machines Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 10th. Investors of record on Friday, May 10th were paid a $1.67 dividend. 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 3.91%. The ex-dividend date was Thursday, May 9th. International Business Machines’s dividend payout ratio (DPR) is 75.65%.

Institutional Investors Weigh In On International Business Machines

Several hedge funds have recently bought and sold shares of the company. Desjardins Global Asset Management Inc. lifted its stake in International Business Machines by 1.4% in the 4th quarter. Desjardins Global Asset Management Inc. now owns 3,940 shares of the technology company’s stock valued at $644,000 after purchasing an additional 54 shares during the last quarter. Arden Trust Co lifted its position in International Business Machines by 2.8% during the first quarter. Arden Trust Co now owns 1,973 shares of the technology company’s stock worth $377,000 after acquiring an additional 54 shares during the last quarter. Calamos Wealth Management LLC lifted its position in 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 worth $328,000 after acquiring an additional 55 shares during the last quarter. Avion Wealth lifted its position in International Business Machines by 6.2% during the fourth quarter. Avion Wealth now owns 964 shares of the technology company’s stock worth $158,000 after acquiring an additional 56 shares during the last quarter. Finally, Chicago Partners Investment Group LLC lifted its position in International Business Machines by 0.8% during the fourth quarter. Chicago Partners Investment Group LLC now owns 7,528 shares of the technology company’s stock worth $1,309,000 after acquiring an additional 58 shares during the last quarter. 58.96% of the stock is currently owned by institutional investors and hedge funds.

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.