International Business Machines' (IBM) "Buy" Rating Reiterated at Stifel Nicolaus

Stifel Nicolaus reiterated their buy rating on shares of International Business Machines (NYSE:IBM - Free Report) in a report issued on Wednesday morning, Benzinga reports. Stifel Nicolaus currently has a $190.00 price objective on the technology company's stock.

A number of other analysts have also recently commented on the company. Sanford C. Bernstein boosted their price target on International Business Machines from $165.00 to $186.00 and gave the stock a market perform rating in a research report on Thursday, March 7th. StockNews.com cut International Business Machines from a buy rating to a hold rating in a research report on Thursday, April 11th. BMO Capital Markets upped their price objective on International Business Machines from $155.00 to $210.00 and gave the company a market perform rating in a research report on Thursday, January 25th. Societe Generale reiterated a sell rating and set a $143.00 target price on shares of International Business Machines in a research note on Friday, January 5th. Finally, Bank of America boosted their target price on shares of International Business Machines from $200.00 to $220.00 and gave the company a buy rating in a research note on Thursday, March 14th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of Hold and a consensus target price of $178.67.

International Business Machines Trading Down 0.4 %

Shares of IBM traded down $0.70 during trading hours on Wednesday, hitting $183.05. The company had a trading volume of 3,002,863 shares, compared to its average volume of 4,829,810. The firm has a market cap of $167.81 billion, a P/E ratio of 22.51, a P/E/G ratio of 3.55 and a beta of 0.70. The stock's 50 day moving average price is $188.63 and its 200 day moving average price is $168.44. The company has a quick ratio of 0.93, a current ratio of 0.96 and a debt-to-equity ratio of 2.22. International Business Machines has a 52-week low of $120.55 and a 52-week high of $199.18.

International Business Machines (NYSE:IBM - Get Free Report) last posted its quarterly earnings data on Wednesday, January 24th. The technology company reported $3.87 earnings per share for the quarter, beating the consensus estimate of $3.78 by $0.09. The business had revenue of $17.38 billion for the quarter, compared to analysts' expectations of $17.29 billion. International Business Machines had a return on equity of 39.55% and a net margin of 12.13%. The business's revenue was up 4.1% on a year-over-year basis. During the same period in the previous year, the firm posted $3.60 EPS. On average, research analysts predict that International Business Machines will post 10.07 EPS for the current year.

International Business Machines Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Saturday, March 9th. Investors of record on Friday, February 9th were issued a $1.66 dividend. This represents a $6.64 annualized dividend and a yield of 3.63%. The ex-dividend date was Thursday, February 8th. International Business Machines's dividend payout ratio is currently 81.67%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Naples Money Management LLC bought a new position in shares of International Business Machines in the 4th quarter valued at about $28,000. Creekmur Asset Management LLC purchased a new position in shares of International Business Machines during the fourth quarter worth approximately $29,000. Ables Iannone Moore & Associates Inc. purchased a new position in International Business Machines during the fourth quarter valued at approximately $31,000. Financial Synergies Wealth Advisors Inc. increased its holdings in International Business Machines by 164.0% during the first quarter. Financial Synergies Wealth Advisors Inc. now owns 198 shares of the technology company's stock valued at $38,000 after buying an additional 123 shares during the period. Finally, Cornerstone Planning Group LLC purchased a new position in International Business Machines during the second quarter valued at approximately $28,000. Institutional investors own 58.96% of the company's stock.

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.