International Business Machines (NYSE:IBM) Price Target Raised to $270.00 at Jefferies Financial Group

International Business Machines (NYSE:IBM) had its target price upped by Jefferies Financial Group from $245.00 to $270.00 in a research report report published on Thursday,Benzinga reports. They currently have a hold rating on the technology company’s stock.

IBM has been the topic of several other research reports. UBS Group raised their target price on shares of International Business Machines from $150.00 to $160.00 and gave the company a “sell” rating in a research note on Tuesday, January 14th. StockNews.com cut shares of International Business Machines from a “buy” rating to a “hold” rating in a report on Wednesday, November 20th. BMO Capital Markets boosted their target price on International Business Machines from $260.00 to $280.00 and gave the stock a “market perform” rating in a report on Thursday. JPMorgan Chase & Co. lifted their price target on International Business Machines from $233.00 to $244.00 and gave the company a “neutral” rating in a research report on Thursday. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $250.00 price objective on shares of International Business Machines in a report on Monday. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, International Business Machines has a consensus rating of “Hold” and an average price target of $225.53.

International Business Machines Stock Performance

IBM opened at $258.22 on Thursday. International Business Machines has a twelve month low of $162.62 and a twelve month high of $261.80. The stock has a market cap of $238.76 billion, a PE ratio of 40.28, a price-to-earnings-growth ratio of 4.25 and a beta of 0.74. The business’s 50 day moving average is $225.24 and its 200-day moving average is $213.55. The company has a current ratio of 1.06, a quick ratio of 1.01 and a debt-to-equity ratio of 2.16.

International Business Machines (NYSE:IBM) last announced its quarterly earnings results on Wednesday, January 29th. The technology company reported $3.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.77 by $0.15. International Business Machines had a return on equity of 40.37% and a net margin of 9.60%. On average, analysts predict that International Business Machines will post 10.54 earnings per share for the current year.

International Business Machines Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Monday, February 10th will be paid a $1.67 dividend. This represents a $6.68 dividend on an annualized basis and a dividend yield of 2.59%. The ex-dividend date is Monday, February 10th. International Business Machines’s dividend payout ratio (DPR) is presently 104.21%.

Insider Buying and Selling at International Business Machines

In related news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of International Business Machines stock in a transaction on Friday, November 8th. The shares were sold at an average price of $215.20, for a total value of $774,720.00. Following the completion of the sale, the senior vice president now owns 25,390 shares of the company’s stock, valued at approximately $5,463,928. The trade was a 12.42 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.07% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the stock. Valmark Advisers Inc. lifted its position in International Business Machines by 7.8% during the 4th quarter. Valmark Advisers Inc. now owns 5,013 shares of the technology company’s stock worth $1,102,000 after acquiring an additional 362 shares during the last quarter. Csenge Advisory Group raised its stake in International Business Machines by 17.3% during the 4th quarter. Csenge Advisory Group now owns 14,657 shares of the technology company’s stock valued at $3,222,000 after purchasing an additional 2,165 shares during the last quarter. Blue Zone Wealth Advisors LLC acquired a new stake in International Business Machines in the 4th quarter worth $242,000. JNBA Financial Advisors increased its holdings in shares of International Business Machines by 11.6% during the 4th quarter. JNBA Financial Advisors now owns 508 shares of the technology company’s stock worth $112,000 after purchasing an additional 53 shares during the period. Finally, Kuhn & Co Investment Counsel acquired a new stake in International Business Machines during the fourth quarter worth about $441,000. 58.96% of the stock is owned by 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.