International Business Machines (NYSE:IBM) Given New $200.00 Price Target at Jefferies Financial Group

International Business Machines (NYSE:IBM) had its target price increased by Jefferies Financial Group from $190.00 to $200.00 in a research note published on Thursday morning, Benzinga reports. The firm currently has a hold rating on the technology company’s stock.

A number of other research analysts have also issued reports on IBM. Stifel Nicolaus raised their price objective on shares of International Business Machines from $190.00 to $205.00 and gave the company a buy rating in a report on Thursday. BMO Capital Markets dropped their price objective on shares of International Business Machines from $210.00 to $190.00 and set a market perform rating for the company in a report on Thursday, April 25th. Morgan Stanley dropped their price objective on shares of International Business Machines from $186.00 to $179.00 and set an equal weight rating for the company in a report on Friday, April 26th. UBS Group raised their price objective on shares of International Business Machines from $125.00 to $130.00 and gave the company a sell rating in a report on Monday, April 22nd. Finally, The Goldman Sachs Group started coverage on shares of International Business Machines in a report on Monday, June 24th. They set a buy rating and a $200.00 price target for the company. Three research analysts have rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the stock. According to MarketBeat, International Business Machines has an average rating of Hold and a consensus price target of $184.93.

International Business Machines Trading Down 0.0 %

IBM opened at $191.92 on Thursday. The company’s 50 day moving average is $174.29 and its 200-day moving average is $178.90. International Business Machines has a 1-year low of $135.87 and a 1-year high of $199.18. The company has a current ratio of 1.13, a quick ratio of 1.09 and a debt-to-equity ratio of 2.32. The company has a market cap of $176.30 billion, a P/E ratio of 21.75, a PEG ratio of 4.54 and a beta of 0.71.

International Business Machines (NYSE:IBM) last posted its quarterly earnings results on Wednesday, July 24th. The technology company reported $2.43 earnings per share for the quarter, beating analysts’ consensus estimates of $2.16 by $0.27. International Business Machines had a net margin of 13.52% and a return on equity of 41.06%. The company had revenue of $15.77 billion for the quarter, compared to the consensus estimate of $15.62 billion. During the same period last year, the company posted $2.18 EPS. The firm’s quarterly revenue was up 1.9% compared to the same quarter last year. Equities research analysts predict that International Business Machines will post 9.91 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 Monday, June 10th. Investors of record on Friday, May 10th were paid a dividend of $1.67 per share. This is an increase from International Business Machines’s previous quarterly dividend of $1.66. This represents a $6.68 dividend on an annualized basis and a yield of 3.48%. The ex-dividend date of this dividend was Thursday, May 9th. International Business Machines’s dividend payout ratio is 75.65%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Signature Estate & Investment Advisors LLC grew its holdings in shares of International Business Machines by 309.4% in the second quarter. Signature Estate & Investment Advisors LLC now owns 8,459 shares of the technology company’s stock valued at $1,463,000 after acquiring an additional 6,393 shares in the last quarter. Allspring Global Investments Holdings LLC increased its stake in International Business Machines by 14.1% in the second quarter. Allspring Global Investments Holdings LLC now owns 580,279 shares of the technology company’s stock valued at $100,359,000 after acquiring an additional 71,911 shares during the last quarter. State of Michigan Retirement System increased its stake in International Business Machines by 1.3% in the second quarter. State of Michigan Retirement System now owns 293,886 shares of the technology company’s stock valued at $50,828,000 after acquiring an additional 3,900 shares during the last quarter. Trust Co. of Virginia VA increased its stake in International Business Machines by 17.5% in the second quarter. Trust Co. of Virginia VA now owns 1,341 shares of the technology company’s stock valued at $232,000 after acquiring an additional 200 shares during the last quarter. Finally, Callan Family Office LLC bought a new position in shares of International Business Machines during the second quarter valued at about $223,000. 58.96% of the stock is owned by institutional investors and hedge funds.

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.