International Business Machines (NYSE:IBM) PT Raised to $130.00 at UBS Group

International Business Machines (NYSE:IBM) had its target price hoisted by analysts at UBS Group from $125.00 to $130.00 in a note issued to investors on Monday, Benzinga reports. The firm presently has a “sell” rating on the technology company’s stock. UBS Group’s price target points to a potential downside of 28.65% from the stock’s previous close.

Several other brokerages also recently weighed in on IBM. Evercore ISI upgraded International Business Machines from an “in-line” rating to an “outperform” rating and boosted their target price for the stock from $165.00 to $200.00 in a research note on Friday, January 19th. Evercore raised shares of International Business Machines from an “in-line” rating to an “outperform” rating and increased their price objective for the company from $165.00 to $200.00 in a research report on Friday, January 19th. Royal Bank of Canada boosted their target price on shares of International Business Machines from $179.00 to $200.00 and gave the stock an “outperform” rating in a research report on Thursday, January 25th. StockNews.com cut shares of International Business Machines from a “buy” rating to a “hold” rating in a report on Thursday, April 11th. Finally, Bank of America boosted 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. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, International Business Machines currently has an average rating of “Hold” and a consensus target price of $177.23.

International Business Machines Stock Performance

Shares of International Business Machines stock opened at $182.19 on Monday. International Business Machines has a one year low of $120.55 and a one year high of $199.18. The company has a market capitalization of $167.02 billion, a PE ratio of 22.41, a P/E/G ratio of 3.57 and a beta of 0.70. The company has a debt-to-equity ratio of 2.22, a quick ratio of 0.93 and a current ratio of 0.96. The company has a 50-day simple moving average of $188.35 and a two-hundred day simple moving average of $169.88.

International Business Machines (NYSE:IBM) last posted its quarterly earnings data on Wednesday, January 24th. The technology company reported $3.87 EPS for the quarter, topping the consensus estimate of $3.78 by $0.09. International Business Machines had a net margin of 12.13% and a return on equity of 39.55%. The firm had revenue of $17.38 billion during the quarter, compared to analyst estimates of $17.29 billion. During the same quarter in the previous year, the business posted $3.60 EPS. International Business Machines’s revenue was up 4.1% on a year-over-year basis. Research analysts expect that International Business Machines will post 10.04 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Norges Bank purchased a new stake in International Business Machines in the fourth quarter valued at $1,019,009,000. International Assets Investment Management LLC increased its stake in International Business Machines by 15,439.1% in the fourth quarter. International Assets Investment Management LLC now owns 2,653,462 shares of the technology company’s stock valued at $433,974,000 after purchasing an additional 2,636,386 shares during the last quarter. Morgan Stanley raised its stake in International Business Machines by 13.4% during the 3rd quarter. Morgan Stanley now owns 16,257,789 shares of the technology company’s stock worth $2,280,968,000 after acquiring an additional 1,919,490 shares in the last quarter. Capital Wealth Planning LLC acquired a new position in shares of International Business Machines in the 4th quarter valued at $172,887,000. Finally, California Public Employees Retirement System increased its position in International Business Machines by 15.9% in the 3rd quarter. California Public Employees Retirement System now owns 6,345,842 shares of the technology company’s stock valued at $890,322,000 after acquiring an additional 871,247 shares during the period. 58.96% of the stock is owned by hedge funds and other 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.