International Business Machines (NYSE:IBM) PT Lowered to $210.00 at Jefferies Financial Group

International Business Machines (NYSE:IBM) had its target price cut by Jefferies Financial Group from $215.00 to $210.00 in a research note issued to investors on Tuesday morning, Benzinga reports. They currently have a hold rating on the technology company’s stock.

Other equities analysts also recently issued research reports about the stock. StockNews.com downgraded shares of International Business Machines from a buy rating to a hold rating in a research note on Tuesday. Societe Generale restated a sell rating and issued a $143.00 price objective on shares of International Business Machines in a research note on Friday, January 5th. Sanford C. Bernstein upped their price objective on shares of International Business Machines from $165.00 to $186.00 and gave the company a market perform rating in a research note on Thursday, March 7th. Evercore ISI upgraded shares of International Business Machines from an in-line rating to an outperform rating and upped their price objective for the company from $165.00 to $200.00 in a research note on Friday, January 19th. Finally, Evercore upgraded shares of International Business Machines from an in-line rating to an outperform rating and upped their price objective for the company from $165.00 to $200.00 in a research note on Friday, January 19th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of Hold and a consensus target price of $180.31.

International Business Machines Stock Performance

Shares of IBM stock opened at $169.30 on Tuesday. 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 fifty day moving average price of $188.00 and a 200 day moving average price of $169.97. The company has a market cap of $155.20 billion, a P/E ratio of 19.17, a PEG ratio of 3.62 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.

International Business Machines (NYSE:IBM) last issued its earnings results on Wednesday, April 24th. The technology company reported $1.68 EPS for the quarter, topping analysts’ consensus estimates of $1.59 by $0.09. The firm had revenue of $14.46 billion during the quarter, compared to the consensus estimate of $14.53 billion. International Business Machines had a net margin of 13.18% and a return on equity of 40.50%. The company’s revenue was up 1.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.36 earnings per share. Sell-side analysts predict that International Business Machines will post 10.04 earnings per share for the current fiscal year.

International Business Machines Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Saturday, March 9th. Stockholders of record on Friday, February 9th were issued a $1.66 dividend. The ex-dividend date was Thursday, February 8th. This represents a $6.64 dividend on an annualized basis and a dividend yield of 3.92%. International Business Machines’s payout ratio is 75.20%.

Institutional Investors Weigh In On International Business Machines

A number of institutional investors and hedge funds have recently made changes to their positions in IBM. Mesirow Financial Investment Management Inc. purchased a new position in International Business Machines during the first quarter worth about $4,469,000. Patrick M Sweeney & Associates Inc. raised its holdings in International Business Machines by 4.9% during the first quarter. Patrick M Sweeney & Associates Inc. now owns 2,158 shares of the technology company’s stock worth $412,000 after purchasing an additional 100 shares in the last quarter. MONECO Advisors LLC raised its holdings in International Business Machines by 19.4% during the first quarter. MONECO Advisors LLC now owns 9,544 shares of the technology company’s stock worth $1,823,000 after purchasing an additional 1,548 shares in the last quarter. Terra Nova Asset Management LLC raised its holdings in International Business Machines by 27.3% during the first quarter. Terra Nova Asset Management LLC now owns 8,459 shares of the technology company’s stock worth $1,615,000 after purchasing an additional 1,816 shares in the last quarter. Finally, Checchi Capital Advisers LLC raised its holdings in International Business Machines by 2.4% during the first quarter. Checchi Capital Advisers LLC now owns 9,280 shares of the technology company’s stock worth $1,772,000 after purchasing an additional 214 shares in the last quarter. 58.96% of the stock is owned by hedge funds and other institutional investors.

About International Business Machines

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.