International Business Machines Corporation (NYSE:IBM) Receives $306.94 Average PT from Analysts

International Business Machines Corporation (NYSE:IBM) has been assigned a consensus rating of “Moderate Buy” from the twenty-six analysts that are covering the firm, Marketbeat Ratings reports. Nine equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $306.7647.

A number of brokerages have recently issued reports on IBM. Barclays started coverage on shares of International Business Machines in a research note on Monday, June 1st. They set an “overweight” rating and a $350.00 target price for the company. Needham & Company LLC assumed coverage on shares of International Business Machines in a report on Wednesday, June 3rd. They set a “buy” rating for the company. Wall Street Zen raised shares of International Business Machines from a “sell” rating to a “hold” rating in a research report on Sunday, June 21st. KeyCorp downgraded shares of International Business Machines to a “sector weight” rating in a research note on Tuesday, June 23rd. Finally, Weiss Ratings lowered shares of International Business Machines from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, June 24th.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. CVA Family Office LLC grew its position in shares of International Business Machines by 1.4% during the 4th quarter. CVA Family Office LLC now owns 2,389 shares of the technology company’s stock worth $708,000 after buying an additional 33 shares in the last quarter. Foster Group Inc. increased its stake in shares of International Business Machines by 1.3% during the fourth quarter. Foster Group Inc. now owns 2,507 shares of the technology company’s stock valued at $742,000 after buying an additional 33 shares during the period. New Covenant Trust Company N.A. raised its holdings in shares of International Business Machines by 3.8% in the fourth quarter. New Covenant Trust Company N.A. now owns 905 shares of the technology company’s stock valued at $264,000 after acquiring an additional 33 shares in the last quarter. McGowan Group Asset Management Inc. raised its holdings in shares of International Business Machines by 1.2% in the fourth quarter. McGowan Group Asset Management Inc. now owns 2,693 shares of the technology company’s stock valued at $798,000 after acquiring an additional 33 shares in the last quarter. Finally, Altman Advisors Inc. lifted its stake in International Business Machines by 0.3% in the third quarter. Altman Advisors Inc. now owns 9,929 shares of the technology company’s stock worth $2,802,000 after acquiring an additional 34 shares during the period. 58.96% of the stock is currently owned by hedge funds and other institutional investors.

International Business Machines Price Performance

Shares of IBM stock opened at $288.95 on Friday. The stock has a 50 day moving average price of $256.99 and a 200 day moving average price of $266.36. International Business Machines has a 52-week low of $212.34 and a 52-week high of $332.46. The company has a debt-to-equity ratio of 1.75, a quick ratio of 0.76 and a current ratio of 0.80. The firm has a market capitalization of $271.58 billion, a P/E ratio of 25.55, a P/E/G ratio of 3.00 and a beta of 0.68.

International Business Machines (NYSE:IBM) last announced its quarterly earnings data on Wednesday, April 22nd. The technology company reported $1.91 EPS for the quarter, beating the consensus estimate of $1.81 by $0.10. International Business Machines had a return on equity of 37.23% and a net margin of 15.61%.The company had revenue of $15.92 billion for the quarter, compared to the consensus estimate of $15.60 billion. During the same quarter in the prior year, the company posted $1.60 EPS. International Business Machines’s quarterly revenue was up 9.5% on a year-over-year basis. As a group, sell-side analysts predict that International Business Machines will post 12.4 earnings per share for the current year.

International Business Machines Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Friday, May 8th were issued a $1.69 dividend. The ex-dividend date was Friday, May 8th. This is a positive change from International Business Machines’s previous quarterly dividend of $1.68. This represents a $6.76 dividend on an annualized basis and a dividend yield of 2.3%. International Business Machines’s dividend payout ratio (DPR) is presently 59.77%.

International Business Machines Company Profile

International Business Machines Corporation (IBM) is a global technology and consulting company headquartered in Armonk, New York. Founded in 1911 as the Computing-Tabulating-Recording Company (CTR) and renamed IBM in 1924, the company has evolved from early electromechanical machines to a diversified technology provider serving enterprises and governments worldwide. IBM is publicly traded on the New York Stock Exchange under the ticker symbol IBM.

IBM’s principal businesses encompass cloud computing and software, infrastructure and systems, consulting and technology services, and research and development.