International Business Machines’ (IBM) “Buy” Rating Reiterated at Stifel Nicolaus

Stifel Nicolaus reissued their buy rating on shares of International Business Machines (NYSE:IBM) in a research report sent to investors on Wednesday, Benzinga reports. Stifel Nicolaus currently has a $190.00 price target on the technology company’s stock.

Other research analysts also recently issued reports about the stock. Societe Generale restated a sell rating and set a $143.00 target price on shares of International Business Machines in a research report on Friday, January 5th. Jefferies Financial Group assumed coverage on shares of International Business Machines in a report on Friday, January 5th. They issued a hold rating and a $180.00 price objective on the stock. Bank of America upped their target price on shares of International Business Machines from $200.00 to $220.00 and gave the company a buy rating in a research report on Thursday, March 14th. BMO Capital Markets raised their price target on International Business Machines from $155.00 to $210.00 and gave the stock a market perform rating in a research report on Thursday, January 25th. Finally, Royal Bank of Canada upped their price objective on International Business Machines from $179.00 to $200.00 and gave the company an outperform rating in a report on Thursday, January 25th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of Hold and a consensus target price of $178.67.

International Business Machines Trading Up 0.1 %

IBM opened at $181.63 on Wednesday. International Business Machines has a 1-year low of $120.55 and a 1-year high of $199.18. The stock has a market capitalization of $166.51 billion, a PE ratio of 22.34, a PEG ratio of 3.57 and a beta of 0.70. The company has a current ratio of 0.96, a quick ratio of 0.93 and a debt-to-equity ratio of 2.22. The firm has a 50-day moving average price of $188.46 and a two-hundred day moving average price of $168.91.

International Business Machines (NYSE:IBM) last issued its quarterly earnings results on Wednesday, January 24th. The technology company reported $3.87 earnings per share for the quarter, beating analysts’ consensus estimates of $3.78 by $0.09. International Business Machines had a net margin of 12.13% and a return on equity of 39.55%. The business had revenue of $17.38 billion during the quarter, compared to analyst estimates of $17.29 billion. During the same quarter last year, the business posted $3.60 earnings per share. International Business Machines’s revenue for the quarter was up 4.1% compared to the same quarter last year. As a group, equities analysts anticipate that International Business Machines will post 10.04 earnings per share for the current fiscal year.

International Business Machines Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Saturday, March 9th. Stockholders of record on Friday, February 9th were issued a $1.66 dividend. This represents a $6.64 annualized dividend and a dividend yield of 3.66%. The ex-dividend date of this dividend was Thursday, February 8th. International Business Machines’s dividend payout ratio (DPR) is presently 81.67%.

Institutional Investors Weigh In On International Business Machines

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Desjardins Global Asset Management Inc. lifted its holdings in shares of International Business Machines by 1.4% in the fourth 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 in the last quarter. Arden Trust Co lifted its stake 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 valued at $377,000 after acquiring an additional 54 shares in the last quarter. Calamos Wealth Management LLC boosted its position in International Business Machines by 2.8% during the 4th 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 grew its stake in shares of International Business Machines by 6.2% during the 4th quarter. Avion Wealth now owns 964 shares of the technology company’s stock worth $158,000 after acquiring an additional 56 shares in the last quarter. Finally, Chicago Partners Investment Group LLC raised its holdings in shares of International Business Machines by 0.8% in the fourth quarter. Chicago Partners Investment Group LLC now owns 7,528 shares of the technology company’s stock valued at $1,309,000 after purchasing an additional 58 shares during the last quarter. 58.96% of the stock is currently owned by institutional investors and hedge funds.

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.