International Business Machines Corporation (NYSE:IBM) Receives $268.75 Consensus Target Price from Analysts

Key Points

• IBM shares have a consensus rating of "Hold" from 19 analysts, with one sell rating, nine hold ratings, eight buy ratings, and one strong buy rating.
• Recent price target revisions include BMO Capital Markets increasing their target to $300 and Stifel Nicolaus to $310, while JPMorgan Chase set a target of $290.
• The company has announced a quarterly dividend of $1.68 per share, representing a dividend yield of 2.8%, with a payout ratio of 109.09%.

Shares of International Business Machines Corporation (NYSE:IBM - Get Free Report) have been assigned an average rating of "Hold" from the nineteen ratings firms that are covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, nine have assigned a hold recommendation, eight have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $268.75.

A number of equities research analysts have weighed in on the stock. Royal Bank Of Canada lifted their price target on shares of International Business Machines from $285.00 to $315.00 and gave the company an "outperform" rating in a research report on Thursday, July 17th. The Goldman Sachs Group lifted their price objective on International Business Machines from $270.00 to $310.00 and gave the company a "buy" rating in a research note on Wednesday, July 2nd. Wedbush lifted their price objective on International Business Machines from $300.00 to $325.00 and gave the company an "outperform" rating in a research note on Friday, June 20th. Citigroup reaffirmed an "outperform" rating on shares of International Business Machines in a research report on Saturday, May 10th. Finally, Stifel Nicolaus lifted their target price on International Business Machines from $290.00 to $310.00 and gave the company a "buy" rating in a research report on Wednesday, July 16th.

Hedge Funds Weigh In On International Business Machines

A number of institutional investors and hedge funds have recently modified their holdings of the company. Brighton Jones LLC boosted its holdings in International Business Machines by 12.4% in the fourth quarter. Brighton Jones LLC now owns 21,011 shares of the technology company's stock valued at $4,619,000 after purchasing an additional 2,323 shares in the last quarter. Accredited Wealth Management LLC acquired a new position in shares of International Business Machines in the 4th quarter valued at $81,000. Aptus Capital Advisors LLC boosted its holdings in shares of International Business Machines by 100.9% in the 4th quarter. Aptus Capital Advisors LLC now owns 30,149 shares of the technology company's stock valued at $6,628,000 after buying an additional 15,143 shares in the last quarter. Ancora Advisors LLC boosted its stake in International Business Machines by 15.5% in the fourth quarter. Ancora Advisors LLC now owns 6,839 shares of the technology company's stock valued at $1,503,000 after acquiring an additional 916 shares in the last quarter. Finally, Benjamin Edwards Inc. boosted its stake in International Business Machines by 5.0% in the fourth quarter. Benjamin Edwards Inc. now owns 96,780 shares of the technology company's stock valued at $21,278,000 after acquiring an additional 4,635 shares in the last quarter. Institutional investors and hedge funds own 58.96% of the company's stock.

International Business Machines Trading Down 0.9%

IBM stock traded down $2.08 during midday trading on Monday, hitting $241.41. 3,467,185 shares of the company's stock were exchanged, compared to its average volume of 4,687,996. The business has a 50-day simple moving average of $264.80 and a two-hundred day simple moving average of $257.51. The company has a current ratio of 0.91, a quick ratio of 0.87 and a debt-to-equity ratio of 2.00. The stock has a market capitalization of $224.37 billion, a PE ratio of 39.19, a P/E/G ratio of 3.75 and a beta of 0.71. International Business Machines has a 1-year low of $199.34 and a 1-year high of $296.16.

International Business Machines (NYSE:IBM - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The technology company reported $2.80 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.65 by $0.15. The firm had revenue of $16.98 billion during the quarter, compared to the consensus estimate of $16.58 billion. International Business Machines had a return on equity of 37.62% and a net margin of 9.11%.The company's quarterly revenue was up 7.7% on a year-over-year basis. During the same period last year, the company earned $2.43 EPS. International Business Machines has set its FY 2025 guidance at EPS. On average, sell-side analysts predict that International Business Machines will post 10.78 EPS for the current fiscal year.

International Business Machines Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Friday, August 8th will be given a dividend of $1.68 per share. The ex-dividend date of this dividend is Friday, August 8th. This represents a $6.72 dividend on an annualized basis and a dividend yield of 2.8%. International Business Machines's payout ratio is currently 109.09%.

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.