Brokerages Set International Business Machines Corporation (NYSE:IBM) Target Price at $259.06

International Business Machines Corporation (NYSE:IBM - Get Free Report) has received a consensus rating of "Moderate Buy" from the nineteen research firms that are currently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation, eight have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $263.06.

A number of equities analysts recently weighed in on IBM shares. Royal Bank Of Canada upped their target price on shares of International Business Machines from $276.00 to $285.00 and gave the stock an "outperform" rating in a research note on Thursday, May 15th. Melius Research raised shares of International Business Machines to a "strong-buy" rating in a research note on Monday, July 7th. Morgan Stanley reduced their target price on shares of International Business Machines from $237.00 to $233.00 and set an "equal weight" rating for the company in a research note on Thursday, April 24th. KGI Securities set a $242.00 target price on shares of International Business Machines and gave the stock a "hold" rating in a research note on Thursday, April 24th. Finally, Stifel Nicolaus upped their target price on shares of International Business Machines from $290.00 to $310.00 and gave the stock a "buy" rating in a research note on Wednesday.

Institutional Trading of International Business Machines

Several large investors have recently made changes to their positions in the company. MinichMacGregor Wealth Management LLC bought a new position in shares of International Business Machines during the first quarter valued at $396,000. Treasurer of the State of North Carolina raised its stake in International Business Machines by 0.8% during the fourth quarter. Treasurer of the State of North Carolina now owns 495,574 shares of the technology company's stock worth $108,942,000 after buying an additional 4,131 shares during the last quarter. Left Brain Wealth Management LLC raised its stake in International Business Machines by 1,547.8% during the first quarter. Left Brain Wealth Management LLC now owns 17,664 shares of the technology company's stock worth $4,392,000 after buying an additional 16,592 shares during the last quarter. Alpha Cubed Investments LLC raised its stake in International Business Machines by 47.0% during the first quarter. Alpha Cubed Investments LLC now owns 7,507 shares of the technology company's stock worth $1,867,000 after buying an additional 2,399 shares during the last quarter. Finally, Mufg Securities Americas Inc. bought a new position in International Business Machines during the fourth quarter worth $3,000,000. Institutional investors and hedge funds own 58.96% of the company's stock.

International Business Machines Trading Down 0.4%

Shares of IBM traded down $1.02 during trading hours on Friday, reaching $281.68. The stock had a trading volume of 2,803,825 shares, compared to its average volume of 4,226,605. The company has a quick ratio of 0.97, a current ratio of 1.01 and a debt-to-equity ratio of 2.09. International Business Machines has a 52 week low of $181.81 and a 52 week high of $296.16. The firm has a 50-day moving average of $274.53 and a 200 day moving average of $252.94. The company has a market cap of $261.79 billion, a P/E ratio of 48.48, a P/E/G ratio of 5.96 and a beta of 0.69.

International Business Machines (NYSE:IBM - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The technology company reported $1.60 EPS for the quarter, beating analysts' consensus estimates of $1.42 by $0.18. International Business Machines had a net margin of 8.71% and a return on equity of 37.43%. The business had revenue of $14.54 billion during the quarter, compared to analysts' expectations of $14.41 billion. During the same quarter in the prior year, the company earned $1.68 EPS. The firm's quarterly revenue was up .5% on a year-over-year basis. On average, sell-side analysts expect that International Business Machines will post 10.78 earnings per share for the current fiscal year.

International Business Machines Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Friday, May 9th were given a dividend of $1.68 per share. This is a positive change from International Business Machines's previous quarterly dividend of $1.67. This represents a $6.72 annualized dividend and a dividend yield of 2.39%. International Business Machines's dividend payout ratio (DPR) is currently 115.66%.

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.