International Business Machines (NYSE:IBM) Price Target Raised to $245.00

International Business Machines (NYSE:IBM) had its price target upped by Jefferies Financial Group from $200.00 to $245.00 in a research report sent to investors on Monday morning, Benzinga reports. The firm currently has a hold rating on the technology company’s stock.

Several other equities analysts have also recently issued reports on the company. Evercore ISI raised their price objective on International Business Machines from $215.00 to $240.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 11th. BMO Capital Markets increased their target price on International Business Machines from $190.00 to $210.00 and gave the stock a “market perform” rating in a research report on Thursday, July 25th. Hsbc Global Res raised International Business Machines to a “moderate sell” rating in a research report on Friday, July 26th. DZ Bank lowered International Business Machines from a “buy” rating to a “hold” rating and set a $215.00 target price on the stock. in a research report on Wednesday, October 2nd. Finally, Bernstein Bank increased their target price on International Business Machines from $185.00 to $210.00 and gave the stock a “market perform” rating in a research report on Thursday, October 3rd. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $208.12.

International Business Machines Stock Performance

Shares of IBM opened at $218.28 on Monday. The business’s fifty day moving average price is $214.67 and its 200 day moving average price is $190.05. International Business Machines has a 12-month low of $136.33 and a 12-month high of $237.37. The stock has a market capitalization of $200.51 billion, a PE ratio of 24.72, a price-to-earnings-growth ratio of 5.21 and a beta of 0.70. The company has a debt-to-equity ratio of 2.20, a current ratio of 1.12 and a quick ratio of 1.08.

International Business Machines (NYSE:IBM) last announced its quarterly earnings data on Wednesday, October 23rd. The technology company reported $2.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.25 by $0.05. International Business Machines had a return on equity of 40.59% and a net margin of 13.52%. The firm had revenue of $14.97 billion for the quarter, compared to analysts’ expectations of $15.08 billion. During the same period last year, the business posted $2.20 earnings per share. The firm’s revenue for the quarter was up 1.5% on a year-over-year basis. Equities research analysts forecast that International Business Machines will post 10.1 EPS for the current year.

International Business Machines Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Friday, August 9th were paid a dividend of $1.67 per share. The ex-dividend date of this dividend was Friday, August 9th. This represents a $6.68 annualized dividend and a yield of 3.06%. International Business Machines’s dividend payout ratio is currently 75.65%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. FPC Investment Advisory Inc. bought a new position in International Business Machines during the first quarter valued at about $26,000. ESL Trust Services LLC bought a new position in International Business Machines during the first quarter valued at about $28,000. Oliver Lagore Vanvalin Investment Group acquired a new position in shares of International Business Machines in the 2nd quarter valued at $36,000. Wolff Wiese Magana LLC boosted 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 valued at $38,000 after purchasing an additional 60 shares during the period. Finally, Briaud Financial Planning Inc boosted its position in shares of International Business Machines by 54.3% in the 2nd quarter. Briaud Financial Planning Inc now owns 284 shares of the technology company’s stock valued at $49,000 after purchasing an additional 100 shares during the period. Institutional investors own 58.96% of the company’s stock.

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.