JPMorgan Chase & Co. set a $167.00 price target on International Business Machines (NYSE:IBM) in a research report report published on Friday, January 19th. The brokerage currently has a neutral rating on the technology company’s stock.
IBM has been the subject of several other research reports. Cantor Fitzgerald reaffirmed a hold rating and set a $154.00 price target on shares of International Business Machines in a research note on Friday, October 13th. Stifel Nicolaus reiterated a buy rating and set a $182.00 price objective on shares of International Business Machines in a research report on Friday, October 6th. Royal Bank of Canada reiterated a hold rating and set a $160.00 price objective on shares of International Business Machines in a research report on Wednesday, November 15th. Barclays upgraded International Business Machines from an underweight rating to an overweight rating and lifted their price objective for the stock from $133.00 to $192.00 in a research report on Wednesday, January 17th. Finally, Goldman Sachs Group set a $170.00 price objective on International Business Machines and gave the stock a neutral rating in a research report on Wednesday, October 18th. Seven investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and eleven have given a buy rating to the stock. International Business Machines currently has a consensus rating of Hold and a consensus price target of $164.37.
International Business Machines (NYSE:IBM) traded up $4.01 during trading on Friday, reaching $154.76. The company’s stock had a trading volume of 5,474,934 shares, compared to its average volume of 6,830,000. International Business Machines has a 12 month low of $139.13 and a 12 month high of $182.79. The company has a current ratio of 1.33, a quick ratio of 1.29 and a debt-to-equity ratio of 2.25. The firm has a market capitalization of $143,280.00, a P/E ratio of 25.33, a P/E/G ratio of 2.21 and a beta of 0.94.
International Business Machines (NYSE:IBM) last released its quarterly earnings results on Thursday, January 18th. The technology company reported $5.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.17 by $0.01. The business had revenue of $22.54 billion during the quarter, compared to the consensus estimate of $22.03 billion. International Business Machines had a return on equity of 69.48% and a net margin of 7.27%. The business’s revenue was up 3.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $5.01 EPS. equities analysts anticipate that International Business Machines will post 13.82 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Saturday, March 10th. Investors of record on Friday, February 9th will be given a dividend of $1.50 per share. This represents a $6.00 annualized dividend and a yield of 3.88%. The ex-dividend date is Thursday, February 8th. International Business Machines’s dividend payout ratio (DPR) is presently 98.20%.
In related news, Director Frederick H. Waddell purchased 610 shares of International Business Machines stock in a transaction that occurred on Wednesday, January 31st. The shares were purchased at an average cost of $163.38 per share, with a total value of $99,661.80. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.23% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the business. Ladenburg Thalmann Financial Services Inc. increased its holdings in shares of International Business Machines by 6.7% in the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 162,626 shares of the technology company’s stock valued at $24,952,000 after acquiring an additional 10,169 shares during the last quarter. Cornerstone Capital Management Holdings LLC. increased its holdings in shares of International Business Machines by 5.4% in the 4th quarter. Cornerstone Capital Management Holdings LLC. now owns 457,237 shares of the technology company’s stock valued at $70,147,000 after acquiring an additional 23,629 shares during the last quarter. Circle Wealth Management LLC increased its holdings in shares of International Business Machines by 13.3% in the 4th quarter. Circle Wealth Management LLC now owns 3,743 shares of the technology company’s stock valued at $574,000 after acquiring an additional 440 shares during the last quarter. G&S Capital LLC bought a new stake in shares of International Business Machines in the 4th quarter valued at approximately $161,000. Finally, Teachers Advisors LLC increased its holdings in shares of International Business Machines by 5.4% in the 4th quarter. Teachers Advisors LLC now owns 1,597,684 shares of the technology company’s stock valued at $245,117,000 after acquiring an additional 82,006 shares during the last quarter. 57.08% of the stock is currently owned by institutional investors.
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About International Business Machines
International Business Machines Corporation (IBM) is a technology company. The Company operates through five segments: Cognitive Solutions, Global Business Services (GBS), Technology Services & Cloud Platforms, Systems and Global Financing. The Cognitive Solutions segment delivers a spectrum of capabilities, from descriptive, predictive and prescriptive analytics to cognitive systems.
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