International Business Machines (NYSE:IBM) Price Target Raised to $310.00

International Business Machines (NYSE:IBM - Free Report) had its target price hoisted by The Goldman Sachs Group from $270.00 to $310.00 in a research report report published on Wednesday morning,Benzinga reports. They currently have a buy rating on the technology company's stock.

Other research analysts also recently issued research reports about the stock. Citigroup reissued an "outperform" rating on shares of International Business Machines in a research report on Saturday, May 10th. UBS Group reissued a "sell" rating and set a $170.00 price target (up previously from $160.00) on shares of International Business Machines in a research report on Wednesday, April 23rd. Morgan Stanley dropped their price objective on International Business Machines from $237.00 to $233.00 and set an "equal weight" rating on the stock in a research note on Thursday, April 24th. BMO Capital Markets reiterated a "market perform" rating on shares of International Business Machines in a research note on Wednesday, April 23rd. Finally, Royal Bank Of Canada increased their price target on International Business Machines from $276.00 to $285.00 and gave the company an "outperform" rating in a research note on Thursday, May 15th. One research analyst has rated the stock with a sell rating, nine have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $257.50.

International Business Machines Trading Down 1.2%

International Business Machines stock traded down $3.41 during midday trading on Wednesday, hitting $287.79. 3,256,085 shares of the stock were exchanged, compared to its average volume of 4,222,270. The stock has a market capitalization of $267.47 billion, a PE ratio of 49.53, a P/E/G ratio of 6.11 and a beta of 0.69. The company has a fifty day simple moving average of $265.93 and a two-hundred day simple moving average of $248.79. 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 $173.95 and a 52 week high of $296.16.

International Business Machines (NYSE:IBM - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The technology company reported $1.60 EPS for the quarter, topping analysts' consensus estimates of $1.42 by $0.18. The company had revenue of $14.54 billion for the quarter, compared to analyst estimates of $14.41 billion. International Business Machines had a return on equity of 37.43% and a net margin of 8.71%. International Business Machines's revenue was up .5% compared to the same quarter last year. During the same quarter last year, the firm posted $1.68 earnings per share. Equities research analysts anticipate that International Business Machines will post 10.78 EPS for the current fiscal year.

International Business Machines Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Friday, May 9th were paid a dividend of $1.68 per share. This represents a $6.72 dividend on an annualized basis and a yield of 2.34%. This is a positive change from International Business Machines's previous quarterly dividend of $1.67. International Business Machines's dividend payout ratio (DPR) is 115.66%.

Institutional Trading of International Business Machines

Several large investors have recently modified their holdings of IBM. Christopher J. Hasenberg Inc bought a new stake in shares of International Business Machines during the 1st quarter worth approximately $27,000. SSA Swiss Advisors AG acquired a new stake in shares of International Business Machines in the 1st quarter valued at $28,000. Vision Financial Markets LLC bought a new position in shares of International Business Machines in the 4th quarter valued at $31,000. Dagco Inc. acquired a new position in shares of International Business Machines during the 1st quarter worth $31,000. Finally, Silicon Valley Capital Partners lifted its position in shares of International Business Machines by 322.6% during the 1st quarter. Silicon Valley Capital Partners now owns 131 shares of the technology company's stock worth $32,000 after buying an additional 100 shares during the last quarter. 58.96% of the stock is owned by institutional investors and hedge funds.

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.