International Business Machines (NYSE:IBM) Cut to “Hold” at DZ Bank

DZ Bank downgraded shares of International Business Machines (NYSE:IBM) from a buy rating to a hold rating in a research note released on Wednesday morning, MarketBeat Ratings reports. They currently have $215.00 target price on the technology company’s stock.

A number of other equities analysts also recently commented on the company. UBS Group upped their target price on International Business Machines from $130.00 to $145.00 and gave the company a sell rating in a report on Wednesday, September 4th. Royal Bank of Canada lifted their price objective on International Business Machines from $200.00 to $211.00 and gave the company an outperform rating in a research report on Thursday, July 25th. Evercore ISI increased their target price on International Business Machines from $215.00 to $240.00 and gave the stock an outperform rating in a research report on Wednesday, September 11th. The Goldman Sachs Group upped their price target on International Business Machines from $220.00 to $250.00 and gave the stock a buy rating in a research note on Monday, September 30th. Finally, Hsbc Global Res raised International Business Machines to a moderate sell rating in a research report on Friday, July 26th. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, International Business Machines has an average rating of Hold and an average target price of $194.35.

International Business Machines Price Performance

Shares of International Business Machines stock opened at $226.00 on Wednesday. The business’s 50-day moving average price is $203.61 and its 200-day moving average price is $186.27. The firm has a market capitalization of $207.60 billion, a PE ratio of 25.59, a price-to-earnings-growth ratio of 4.90 and a beta of 0.70. International Business Machines has a 12 month low of $135.87 and a 12 month high of $226.08. The company has a current ratio of 1.12, a quick ratio of 1.08 and a debt-to-equity ratio of 2.20.

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 40.59%. 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. Sell-side analysts forecast that International Business Machines will post 10.1 EPS for the current fiscal year.

International Business Machines Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Friday, August 9th were given a $1.67 dividend. The ex-dividend date of this dividend was Friday, August 9th. This represents a $6.68 annualized dividend and a yield of 2.96%. International Business Machines’s dividend payout ratio (DPR) is presently 75.65%.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of IBM. Arden Trust Co raised its position in International Business Machines by 2.8% in the 1st quarter. Arden Trust Co now owns 1,973 shares of the technology company’s stock worth $377,000 after buying an additional 54 shares during the last quarter. Armbruster Capital Management Inc. lifted its position in International Business Machines by 2.3% during the second quarter. Armbruster Capital Management Inc. now owns 2,500 shares of the technology company’s stock valued at $432,000 after purchasing an additional 56 shares during the period. CVA Family Office LLC lifted its position in International Business Machines by 3.3% during the second 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 period. Mill Creek Capital Advisors LLC boosted its holdings in International Business Machines by 5.1% in the second quarter. Mill Creek Capital Advisors LLC now owns 1,165 shares of the technology company’s stock worth $201,000 after purchasing an additional 57 shares during the last quarter. Finally, Chicago Partners Investment Group LLC grew its position in International Business Machines by 0.8% in the 4th quarter. Chicago Partners Investment Group LLC now owns 7,528 shares of the technology company’s stock worth $1,309,000 after purchasing an additional 58 shares during the period. 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.