International Business Machines (NYSE:IBM) Price Target Lowered to $208.00 at Morgan Stanley

International Business Machines (NYSE:IBM) had its target price decreased by Morgan Stanley from $217.00 to $208.00 in a research report sent to investors on Thursday, Benzinga reports. Morgan Stanley currently has an equal weight rating on the technology company’s stock.

A number of other research firms also recently commented on IBM. DZ Bank downgraded International Business Machines from a “buy” rating to a “hold” rating and set a $215.00 price objective on the stock. in a report on Wednesday, October 2nd. Bernstein Bank lifted their price target on shares of International Business Machines from $185.00 to $210.00 and gave the company a “market perform” rating in a research report on Thursday, October 3rd. Evercore ISI increased their price objective on shares of International Business Machines from $215.00 to $240.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 11th. Jefferies Financial Group raised their target price on shares of International Business Machines from $200.00 to $245.00 and gave the company a “hold” rating in a research note on Monday. Finally, BMO Capital Markets upped their price target on shares of International Business Machines from $235.00 to $260.00 and gave the stock a “market perform” rating in a research report on Thursday. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $208.12.

International Business Machines Trading Down 0.3 %

IBM traded down $0.69 during midday trading on Thursday, hitting $217.70. The company’s stock had a trading volume of 2,264,982 shares, compared to its average volume of 4,215,886. International Business Machines has a 52-week low of $141.58 and a 52-week high of $237.37. The firm has a 50-day moving average price of $215.16 and a two-hundred day moving average price of $190.25. The firm has a market cap of $199.98 billion, a P/E ratio of 24.71, a PEG ratio of 5.21 and a beta of 0.70. The company has a current ratio of 1.12, a quick ratio of 1.08 and a debt-to-equity ratio of 2.20.

International Business Machines (NYSE:IBM) last announced its quarterly earnings results on Wednesday, October 23rd. The technology company reported $2.30 earnings per share for the quarter, beating analysts’ consensus estimates of $2.27 by $0.03. The company had revenue of $14.97 billion for the quarter, compared to analyst estimates of $15.08 billion. International Business Machines had a net margin of 13.52% and a return on equity of 40.59%. International Business Machines’s revenue for the quarter was up 1.5% on a year-over-year basis. During the same quarter last year, the business earned $2.20 EPS. On average, research analysts anticipate that International Business Machines will post 10.1 earnings per share for the current year.

International Business Machines Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Friday, August 9th were given a dividend of $1.67 per share. The ex-dividend date was Friday, August 9th. This represents a $6.68 annualized dividend and a dividend yield of 3.07%. International Business Machines’s payout ratio is 75.65%.

Institutional Trading of International Business Machines

Several hedge funds and other institutional investors have recently bought and sold shares of the company. FPC Investment Advisory Inc. acquired a new position in shares of International Business Machines in the 1st quarter worth approximately $26,000. ESL Trust Services LLC bought a new stake in International Business Machines during the first quarter valued at $28,000. Oliver Lagore Vanvalin Investment Group bought a new position in shares of International Business Machines in the 2nd quarter worth about $36,000. Wolff Wiese Magana LLC lifted its position in shares of International Business Machines by 37.0% in the 2nd quarter. Wolff Wiese Magana LLC now owns 222 shares of the technology company’s stock worth $38,000 after buying an additional 60 shares during the last quarter. Finally, Briaud Financial Planning Inc grew its position in shares of International Business Machines by 54.3% during the 2nd quarter. Briaud Financial Planning Inc now owns 284 shares of the technology company’s stock valued at $49,000 after buying an additional 100 shares during the last quarter. 58.96% of the stock is owned by institutional investors.

About International Business Machines

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.