International Business Machines (NYSE:IBM) Now Covered by Analysts at The Goldman Sachs Group

The Goldman Sachs Group began coverage on shares of International Business Machines (NYSE:IBM) in a report published on Monday morning, MarketBeat reports. The brokerage issued a buy rating and a $200.00 price target on the technology company’s stock.

IBM has been the subject of several other reports. Morgan Stanley dropped their target price on International Business Machines from $186.00 to $179.00 and set an equal weight rating for the company in a research note on Friday, April 26th. BNP Paribas assumed coverage on International Business Machines in a research note on Thursday, May 2nd. They issued an underperform rating and a $145.00 target price for the company. BMO Capital Markets lowered their price target on International Business Machines from $210.00 to $190.00 and set a market perform rating for the company in a research report on Thursday, April 25th. Stifel Nicolaus reissued a buy rating and set a $190.00 price target on shares of International Business Machines in a research report on Thursday, May 16th. Finally, UBS Group boosted their price target on International Business Machines from $125.00 to $130.00 and gave the company a sell rating in a research report on Monday, April 22nd. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of Hold and a consensus price target of $182.53.

International Business Machines Stock Performance

NYSE IBM opened at $170.88 on Monday. International Business Machines has a fifty-two week low of $130.91 and a fifty-two week high of $199.18. The stock has a market cap of $156.97 billion, a price-to-earnings ratio of 19.35, a price-to-earnings-growth ratio of 4.26 and a beta of 0.72. The business has a fifty day moving average of $170.34 and a 200-day moving average of $176.37. The company has a quick ratio of 1.09, a current ratio of 1.13 and a debt-to-equity ratio of 2.32.

International Business Machines (NYSE:IBM) last released its quarterly earnings results on Tuesday, April 30th. The technology company reported $1.68 earnings per share for the quarter, topping analysts’ consensus estimates of $1.59 by $0.09. The company had revenue of $14.46 billion during the quarter, compared to analysts’ expectations of $14.53 billion. International Business Machines had a return on equity of 40.21% and a net margin of 13.18%. The business’s revenue for the quarter was up 1.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.36 earnings per share. As a group, analysts predict that International Business Machines will post 9.9 earnings per share for the current fiscal year.

International Business Machines Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 10th. Stockholders of record on Friday, May 10th were paid a $1.67 dividend. The ex-dividend date of this dividend was Thursday, May 9th. This represents a $6.68 dividend on an annualized basis and a dividend yield of 3.91%. This is a positive change from International Business Machines’s previous quarterly dividend of $1.66. International Business Machines’s dividend payout ratio (DPR) is 75.65%.

Institutional Investors Weigh In On International Business Machines

A number of large investors have recently modified their holdings of IBM. Vanguard Group Inc. grew its stake in International Business Machines by 6.7% during the 1st quarter. Vanguard Group Inc. now owns 88,152,714 shares of the technology company’s stock valued at $16,833,642,000 after purchasing an additional 5,546,855 shares in the last quarter. Morgan Stanley grew 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 valued at $2,280,968,000 after purchasing an additional 1,919,490 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in International Business Machines by 1.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 6,465,214 shares of the technology company’s stock valued at $1,048,631,000 after purchasing an additional 61,028 shares in the last quarter. Norges Bank acquired a new stake in International Business Machines during the 4th quarter valued at approximately $1,019,009,000. Finally, Dimensional Fund Advisors LP grew its stake in International Business Machines by 2.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 4,500,184 shares of the technology company’s stock valued at $736,015,000 after purchasing an additional 97,482 shares in the last quarter. Institutional investors and hedge funds 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.