International Business Machines (NYSE:IBM) Price Target Raised to $130.00 at UBS Group

International Business Machines (NYSE:IBM) had its price objective raised by UBS Group from $125.00 to $130.00 in a research note released on Monday morning, Benzinga reports. UBS Group currently has a sell rating on the technology company’s stock.

Other equities research analysts have also issued research reports about the stock. Societe Generale reaffirmed a sell rating and set a $143.00 target price on shares of International Business Machines in a research note on Friday, January 5th. BMO Capital Markets boosted their price objective on shares of International Business Machines from $155.00 to $210.00 and gave the stock a market perform rating in a research note on Thursday, January 25th. Royal Bank of Canada upped their price objective on shares of International Business Machines from $179.00 to $200.00 and gave the stock an outperform rating in a report on Thursday, January 25th. StockNews.com cut shares of International Business Machines from a buy rating to a hold rating in a report on Thursday, April 11th. Finally, Evercore ISI upgraded International Business Machines from an in-line rating to an outperform rating and upped their price target for the stock from $165.00 to $200.00 in a research note on Friday, January 19th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, International Business Machines currently has a consensus rating of Hold and a consensus price target of $174.92.

International Business Machines Price Performance

Shares of International Business Machines stock opened at $181.94 on Monday. The firm has a market cap of $166.79 billion, a PE ratio of 22.38, a price-to-earnings-growth ratio of 3.57 and a beta of 0.70. International Business Machines has a 12-month low of $120.55 and a 12-month high of $199.18. The company has a quick ratio of 0.93, a current ratio of 0.96 and a debt-to-equity ratio of 2.22. The company’s fifty day simple moving average is $188.38 and its two-hundred day simple moving average is $169.59.

International Business Machines (NYSE:IBM) last announced its 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. The firm had revenue of $17.38 billion for the quarter, compared to analyst estimates of $17.29 billion. International Business Machines had a net margin of 12.13% and a return on equity of 39.55%. The company’s revenue for the quarter was up 4.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.60 EPS. As a group, equities analysts expect that International Business Machines will post 10.04 EPS for the current year.

International Business Machines Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Saturday, March 9th. Shareholders of record on Friday, February 9th were paid a dividend of $1.66 per share. The ex-dividend date was Thursday, February 8th. This represents a $6.64 annualized dividend and a yield of 3.65%. International Business Machines’s dividend payout ratio is 81.67%.

Institutional Trading of International Business Machines

Several institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its stake in International Business Machines by 0.4% during the 3rd quarter. Vanguard Group Inc. now owns 82,076,195 shares of the technology company’s stock valued at $11,515,290,000 after purchasing an additional 365,388 shares during the last quarter. Morgan Stanley boosted its stake in International Business Machines by 13.4% during the 3rd quarter. Morgan Stanley now owns 16,257,789 shares of the technology company’s stock valued at $2,280,968,000 after purchasing an additional 1,919,490 shares during the last quarter. Northern Trust Corp boosted its stake in International Business Machines by 4.2% during the 3rd quarter. Northern Trust Corp now owns 9,970,674 shares of the technology company’s stock valued at $1,398,886,000 after purchasing an additional 404,948 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in International Business Machines by 10.2% during the 3rd quarter. Bank of New York Mellon Corp now owns 8,691,369 shares of the technology company’s stock valued at $1,219,399,000 after purchasing an additional 807,357 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of International Business Machines by 1.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 6,465,214 shares of the technology company’s stock valued at $1,048,631,000 after buying an additional 61,028 shares during the period. 58.96% of the stock is currently owned by hedge funds and other 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.