International Business Machines (NYSE:IBM) PT Raised to $250.00

International Business Machines (NYSE:IBM) had its target price upped by The Goldman Sachs Group from $220.00 to $250.00 in a research report sent to investors on Monday morning, Benzinga reports. The firm currently has a buy rating on the technology company’s stock.

A number of other brokerages have also commented on IBM. Evercore ISI upped their target price on International Business Machines from $215.00 to $240.00 and gave the company an outperform rating in a research note on Wednesday, September 11th. StockNews.com upgraded shares of International Business Machines from a hold rating to a buy rating in a research note on Wednesday, June 19th. Royal Bank of Canada lifted their target price on shares of International Business Machines from $200.00 to $211.00 and gave the company an outperform rating in a research report on Thursday, July 25th. Jefferies Financial Group increased their price target on shares of International Business Machines from $190.00 to $200.00 and gave the stock a hold rating in a research report on Thursday, July 25th. Finally, BMO Capital Markets upped their price objective on International Business Machines from $190.00 to $210.00 and gave the company a market perform rating in a research note on Thursday, July 25th. Three analysts have rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, International Business Machines currently has a consensus rating of Hold and an average target price of $193.38.

International Business Machines Stock Performance

NYSE IBM opened at $219.68 on Monday. The company’s fifty day moving average is $202.31 and its two-hundred day moving average is $185.78. International Business Machines has a 52-week low of $135.87 and a 52-week high of $224.15. The company has a debt-to-equity ratio of 2.20, a current ratio of 1.12 and a quick ratio of 1.08. The firm has a market capitalization of $201.80 billion, a price-to-earnings ratio of 24.88, a P/E/G ratio of 4.90 and a beta of 0.70.

International Business Machines (NYSE:IBM) last released its earnings results on Wednesday, July 24th. The technology company reported $2.43 earnings per share for the quarter, topping analysts’ consensus estimates of $2.16 by $0.27. The business had revenue of $15.77 billion for the quarter, compared to the consensus estimate of $15.62 billion. International Business Machines had a return on equity of 40.59% and a net margin of 13.52%. The firm’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same period last year, the business earned $2.18 earnings per share. Equities research analysts forecast that International Business Machines will post 10.1 EPS for the current year.

International Business Machines Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Friday, August 9th were issued a $1.67 dividend. This represents a $6.68 dividend on an annualized basis and a dividend yield of 3.04%. The ex-dividend date of this dividend was Friday, August 9th. International Business Machines’s dividend payout ratio is currently 75.65%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Susquehanna Fundamental Investments LLC acquired a new stake in shares of International Business Machines during the 2nd quarter worth approximately $7,160,000. Mosley Wealth Management bought a new stake in shares of International Business Machines during the 4th quarter valued at $312,000. Hodges Capital Management Inc. lifted its stake in shares of International Business Machines by 60.8% in the 1st quarter. Hodges Capital Management Inc. now owns 20,535 shares of the technology company’s stock valued at $3,921,000 after purchasing an additional 7,768 shares during the period. Burns J W & Co. Inc. NY boosted its position in shares of International Business Machines by 10.8% in the 1st quarter. Burns J W & Co. Inc. NY now owns 2,571 shares of the technology company’s stock worth $491,000 after purchasing an additional 250 shares during the last quarter. Finally, 1832 Asset Management L.P. bought a new stake in International Business Machines in the fourth quarter valued at about $3,017,000. 58.96% of the stock is currently owned by 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.