International Business Machines (NYSE:IBM) Cut to “Hold” at Wall Street Zen

Wall Street Zen cut shares of International Business Machines (NYSE:IBM) from a buy rating to a hold rating in a research note released on Saturday morning.

A number of other research analysts also recently weighed in on IBM. BMO Capital Markets raised their price objective on International Business Machines from $260.00 to $300.00 and gave the company a “market perform” rating in a research note on Friday, July 18th. Sanford C. Bernstein initiated coverage on International Business Machines in a research note on Monday, September 15th. They issued a “market perform” rating and a $280.00 price objective on the stock. Erste Group Bank downgraded International Business Machines from a “buy” rating to a “hold” rating in a research note on Thursday, August 14th. Weiss Ratings reissued a “hold (c+)” rating on shares of International Business Machines in a research note on Wednesday, October 8th. Finally, The Goldman Sachs Group raised their price objective on International Business Machines from $270.00 to $310.00 and gave the company a “buy” rating in a research note on Wednesday, July 2nd. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $286.38.

International Business Machines Stock Up 0.8%

IBM opened at $283.64 on Friday. International Business Machines has a fifty-two week low of $203.51 and a fifty-two week high of $301.04. The business has a 50-day moving average of $262.02 and a 200-day moving average of $262.25. The company has a debt-to-equity ratio of 2.00, a current ratio of 0.91 and a quick ratio of 0.87. The company has a market capitalization of $263.61 billion, a PE ratio of 46.05, a price-to-earnings-growth ratio of 4.33 and a beta of 0.73.

International Business Machines (NYSE:IBM) last posted its quarterly earnings results on Wednesday, July 23rd. The technology company reported $2.80 earnings per share for the quarter, topping analysts’ consensus estimates of $2.65 by $0.15. International Business Machines had a return on equity of 37.62% and a net margin of 9.11%.The company had revenue of $16.98 billion during the quarter, compared to the consensus estimate of $16.58 billion. During the same period last year, the business earned $2.43 EPS. The business’s quarterly revenue was up 7.7% on a year-over-year basis. International Business Machines has set its FY 2025 guidance at EPS. Equities research analysts forecast that International Business Machines will post 10.78 EPS for the current fiscal year.

International Business Machines Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 8th were given a $1.68 dividend. This represents a $6.72 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend was Friday, August 8th. International Business Machines’s payout ratio is currently 109.09%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in IBM. Norges Bank acquired a new stake in shares of International Business Machines during the 2nd quarter worth approximately $2,011,122,000. GQG Partners LLC acquired a new stake in shares of International Business Machines during the 1st quarter worth approximately $1,040,057,000. Nuveen LLC acquired a new stake in shares of International Business Machines during the 1st quarter worth approximately $960,386,000. Vanguard Group Inc. grew its holdings in shares of International Business Machines by 2.1% during the 2nd quarter. Vanguard Group Inc. now owns 95,051,475 shares of the technology company’s stock worth $28,019,274,000 after purchasing an additional 1,913,708 shares in the last quarter. Finally, Laurel Wealth Advisors LLC grew its holdings in shares of International Business Machines by 27,928.2% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 1,903,116 shares of the technology company’s stock worth $561,001,000 after purchasing an additional 1,896,326 shares in the last quarter. 58.96% of the stock is owned by institutional investors.

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.