Brokerages Set International Business Machines Co. (NYSE:IBM) PT at $178.67

Shares of International Business Machines Co. (NYSE:IBM) have earned an average recommendation of “Hold” from the thirteen brokerages that are currently covering the company, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $177.23.

A number of brokerages have commented on IBM. UBS Group lifted their target price on International Business Machines from $125.00 to $130.00 and gave the company a “sell” rating in a research note on Monday. Evercore upgraded International Business Machines from an “in-line” rating to an “outperform” rating and boosted their price objective for the stock from $165.00 to $200.00 in a research report on Friday, January 19th. StockNews.com cut International Business Machines from a “buy” rating to a “hold” rating in a report on Tuesday. Societe Generale reissued a “sell” rating and set a $143.00 target price on shares of International Business Machines in a report on Friday, January 5th. Finally, Evercore ISI raised International Business Machines from an “in-line” rating to an “outperform” rating and boosted their target price for the stock from $165.00 to $200.00 in a report on Friday, January 19th.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of IBM. Vanguard Group Inc. grew its holdings in shares of International Business Machines by 0.4% in 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 buying an additional 365,388 shares during the period. Morgan Stanley increased its stake in shares of International Business Machines by 13.4% during the 3rd quarter. Morgan Stanley now owns 16,257,789 shares of the technology company’s stock worth $2,280,968,000 after purchasing an additional 1,919,490 shares during the last quarter. Northern Trust Corp increased its stake in shares of 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 worth $1,398,886,000 after purchasing an additional 404,948 shares during the last quarter. Bank of New York Mellon Corp grew its stake in International Business Machines by 10.2% in 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 buying an additional 807,357 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in International Business Machines by 1.0% in 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 last quarter. Institutional investors own 58.96% of the company’s stock.

International Business Machines Stock Up 0.2 %

Shares of NYSE IBM opened at $182.19 on Friday. The company has a debt-to-equity ratio of 2.22, a quick ratio of 0.93 and a current ratio of 0.96. The firm has a market cap of $167.02 billion, a price-to-earnings ratio of 22.41, a PEG ratio of 3.57 and a beta of 0.70. International Business Machines has a 1 year low of $120.55 and a 1 year high of $199.18. The stock’s 50-day simple moving average is $188.35 and its 200-day simple moving average is $169.88.

International Business Machines (NYSE:IBM) last announced its quarterly earnings data on Wednesday, January 24th. The technology company reported $3.87 earnings per share for the quarter, beating the consensus estimate of $3.78 by $0.09. The firm had revenue of $17.38 billion during the quarter, compared to analyst estimates of $17.29 billion. International Business Machines had a return on equity of 39.55% and a net margin of 12.13%. International Business Machines’s quarterly revenue was up 4.1% on a year-over-year basis. During the same period in the previous year, the company earned $3.60 earnings per share. 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 Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Saturday, March 9th. Investors of record on Friday, February 9th were paid a $1.66 dividend. This represents a $6.64 annualized dividend and a dividend yield of 3.64%. The ex-dividend date of this dividend was Thursday, February 8th. International Business Machines’s payout ratio is presently 81.67%.

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.