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

International Business Machines (NYSE:IBM - Free Report) had its target price lifted by Stifel Nicolaus from $290.00 to $310.00 in a research note published on Wednesday morning,Benzinga reports. Stifel Nicolaus currently has a buy rating on the technology company's stock.

IBM has been the topic of several other research reports. Wall Street Zen downgraded International Business Machines from a "buy" rating to a "hold" rating in a research note on Wednesday, May 21st. Bank of America lifted their price target on International Business Machines from $290.00 to $320.00 and gave the stock a "buy" rating in a research report on Wednesday, June 18th. UBS Group reiterated a "sell" rating and issued a $195.00 price target (up previously from $170.00) on shares of International Business Machines in a research report on Wednesday, July 9th. Melius Research upgraded International Business Machines to a "strong-buy" rating in a research report on Monday, July 7th. Finally, Wedbush boosted their target price on International Business Machines from $300.00 to $325.00 and gave the company an "outperform" rating in a research report on Friday, June 20th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $266.19.

International Business Machines Stock Up 1.4%

NYSE IBM traded up $4.04 during trading on Wednesday, hitting $286.04. The stock had a trading volume of 4,465,031 shares, compared to its average volume of 4,232,093. The company has a market capitalization of $265.85 billion, a PE ratio of 49.23, a P/E/G ratio of 6.00 and a beta of 0.69. The company's 50-day moving average price is $276.39 and its two-hundred day moving average price is $254.02. The company has a debt-to-equity ratio of 2.09, a quick ratio of 0.97 and a current ratio of 1.01. International Business Machines has a 12 month low of $181.81 and a 12 month high of $296.16.

International Business Machines (NYSE:IBM - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The technology company reported $1.60 EPS for the quarter, beating the consensus estimate of $1.42 by $0.18. International Business Machines had a return on equity of 37.43% and a net margin of 8.71%. The firm had revenue of $14.54 billion during the quarter, compared to the consensus estimate of $14.41 billion. During the same period last year, the company earned $1.68 earnings per share. The business's quarterly revenue was up .5% on a year-over-year basis. As a group, sell-side analysts forecast that International Business Machines will post 10.78 EPS for the current 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 issued a dividend of $1.68 per share. This represents a $6.72 dividend on an annualized basis and a yield of 2.35%. This is a positive change from International Business Machines's previous quarterly dividend of $1.67. International Business Machines's dividend payout ratio is currently 115.66%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. EWA LLC lifted its position in International Business Machines by 20.5% during the second quarter. EWA LLC now owns 1,620 shares of the technology company's stock worth $478,000 after purchasing an additional 276 shares during the period. Pinnacle Investment Management Ltd bought a new position in International Business Machines during the 2nd quarter valued at $133,000. Warren Street Wealth Advisors LLC increased its position in shares of International Business Machines by 92.8% during the 2nd quarter. Warren Street Wealth Advisors LLC now owns 1,737 shares of the technology company's stock valued at $512,000 after purchasing an additional 836 shares during the last quarter. Naples Global Advisors LLC boosted its stake in International Business Machines by 0.9% in the 2nd quarter. Naples Global Advisors LLC now owns 17,092 shares of the technology company's stock worth $5,038,000 after purchasing an additional 155 shares during the period. Finally, Foundry Financial Group Inc. bought a new stake in shares of International Business Machines during the 2nd quarter valued at about $228,000. 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.