International Business Machines (NYSE:IBM) Rating Reiterated by Stifel Nicolaus

Stifel Nicolaus restated their buy rating on shares of International Business Machines (NYSE:IBM) in a research report released on Wednesday morning, Benzinga reports. They currently have a $190.00 target price on the technology company’s stock.

IBM has been the topic of several other reports. Evercore raised shares of International Business Machines from an in-line rating to an outperform rating and upped their price objective for the company from $165.00 to $200.00 in a report on Friday, January 19th. Sanford C. Bernstein upped their price objective on shares of International Business Machines from $165.00 to $186.00 and gave the company a market perform rating in a report on Thursday, March 7th. Bank of America upped their price objective on shares of International Business Machines from $200.00 to $220.00 and gave the company a buy rating in a report on Thursday, March 14th. Societe Generale reaffirmed a sell rating and set a $143.00 price objective on shares of International Business Machines in a report on Friday, January 5th. Finally, Evercore ISI raised shares of International Business Machines from an in-line rating to an outperform rating and increased their price target for the stock from $165.00 to $200.00 in a report on Friday, January 19th. One analyst has rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, International Business Machines has a consensus rating of Hold and an average price target of $178.67.

International Business Machines Price Performance

IBM opened at $183.05 on Wednesday. The company has a debt-to-equity ratio of 2.22, a current ratio of 0.96 and a quick ratio of 0.93. The company has a market capitalization of $167.81 billion, a price-to-earnings ratio of 22.52, a P/E/G ratio of 3.60 and a beta of 0.70. The firm’s fifty day moving average price is $188.61 and its two-hundred day moving average price is $168.54. International Business Machines has a 1 year low of $120.55 and a 1 year high of $199.18.

International Business Machines (NYSE:IBM) last issued its quarterly earnings results on Wednesday, January 24th. The technology company reported $3.87 earnings per share for the quarter, topping analysts’ consensus estimates of $3.78 by $0.09. The company had revenue of $17.38 billion for the quarter, compared to the consensus estimate of $17.29 billion. International Business Machines had a net margin of 12.13% and a return on equity of 39.55%. The firm’s quarterly revenue was up 4.1% on a year-over-year basis. During the same period in the previous year, the firm earned $3.60 EPS. As a group, analysts anticipate that International Business Machines will post 10.07 earnings per share for the current fiscal year.

International Business Machines Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Saturday, March 9th. Shareholders of record on Friday, February 9th were given a dividend of $1.66 per share. This represents a $6.64 dividend on an annualized basis and a yield of 3.63%. The ex-dividend date of this dividend was Thursday, February 8th. International Business Machines’s payout ratio is currently 81.67%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. grew its holdings in shares of International Business Machines by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 82,605,859 shares of the technology company’s stock worth $13,510,188,000 after purchasing an additional 529,664 shares during the last quarter. Morgan Stanley lifted its stake in International Business Machines by 22.8% in the fourth quarter. Morgan Stanley now owns 16,592,094 shares of the technology company’s stock worth $2,337,660,000 after acquiring an additional 3,084,458 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in International Business Machines by 7.3% in the first quarter. Charles Schwab Investment Management Inc. now owns 16,297,545 shares of the technology company’s stock worth $2,119,007,000 after acquiring an additional 1,105,170 shares during the period. Moneta Group Investment Advisors LLC lifted its stake in International Business Machines by 98,797.1% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 11,029,001 shares of the technology company’s stock worth $1,553,876,000 after acquiring an additional 11,017,849 shares during the period. Finally, Northern Trust Corp lifted its stake in International Business Machines by 4.2% in the third quarter. Northern Trust Corp now owns 9,970,674 shares of the technology company’s stock worth $1,398,886,000 after acquiring an additional 404,948 shares during the period. 58.96% of the stock is currently owned by institutional investors.

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.