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

International Business Machines Co. (NYSE:IBM) has been assigned a consensus recommendation of “Hold” from the fifteen research firms that are presently covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $184.93.

IBM has been the subject of a number of recent research reports. Morgan Stanley dropped their price objective on shares of International Business Machines from $186.00 to $179.00 and set an “equal weight” rating for the company in a research note on Friday, April 26th. Stifel Nicolaus lifted their target price on shares of International Business Machines from $190.00 to $205.00 and gave the stock a “buy” rating in a research note on Thursday, July 25th. Jefferies Financial Group lifted 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 note on Thursday, July 25th. BNP Paribas began coverage on shares of International Business Machines in a research note on Thursday, May 2nd. They issued an “underperform” rating and a $145.00 target price for the company. Finally, The Goldman Sachs Group began coverage on shares of International Business Machines in a research note on Monday, June 24th. They issued a “buy” rating and a $200.00 target price for the company.

Hedge Funds Weigh In On International Business Machines

Several hedge funds and other institutional investors have recently made changes to their positions in the business. SouthState Corp lifted its holdings in shares of International Business Machines by 2.0% during the 2nd quarter. SouthState Corp now owns 26,489 shares of the technology company’s stock valued at $4,581,000 after acquiring an additional 520 shares in the last quarter. Nottingham Advisors Inc. lifted its holdings in shares of International Business Machines by 123.1% during the 2nd quarter. Nottingham Advisors Inc. now owns 3,579 shares of the technology company’s stock valued at $619,000 after acquiring an additional 1,975 shares in the last quarter. First Dallas Securities Inc. lifted its holdings in International Business Machines by 128.9% in the 2nd quarter. First Dallas Securities Inc. now owns 20,041 shares of the technology company’s stock worth $3,466,000 after buying an additional 11,286 shares in the last quarter. Nicholas Hoffman & Company LLC. lifted its holdings in International Business Machines by 4.5% in the 2nd quarter. Nicholas Hoffman & Company LLC. now owns 11,588 shares of the technology company’s stock worth $2,004,000 after buying an additional 501 shares in the last quarter. Finally, Journey Advisory Group LLC lifted its holdings in International Business Machines by 4.8% in the 2nd quarter. Journey Advisory Group LLC now owns 9,879 shares of the technology company’s stock worth $1,709,000 after buying an additional 450 shares in the last quarter. Institutional investors and hedge funds own 58.96% of the company’s stock.

International Business Machines Trading Down 0.3 %

Shares of IBM opened at $189.12 on Friday. The company has a debt-to-equity ratio of 2.20, a current ratio of 1.12 and a quick ratio of 1.08. The firm has a 50 day simple moving average of $176.64 and a 200-day simple moving average of $180.17. International Business Machines has a 1-year low of $135.87 and a 1-year high of $199.18. The stock has a market cap of $174.21 billion, a price-to-earnings ratio of 21.42, a price-to-earnings-growth ratio of 4.24 and a beta of 0.71.

International Business Machines (NYSE:IBM) last issued 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 40.59%. The business had revenue of $15.77 billion during the quarter, compared to analysts’ expectations of $15.62 billion. During the same period last year, the company posted $2.18 EPS. The company’s revenue was up 1.9% on a year-over-year basis. Equities analysts forecast that International Business Machines will post 10.06 EPS for the current fiscal year.

International Business Machines Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Friday, August 9th will be issued a dividend of $1.67 per share. The ex-dividend date of this dividend is Friday, August 9th. This represents a $6.68 annualized dividend and a dividend yield of 3.53%. International Business Machines’s payout ratio is 75.65%.

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.