UBS Group Boosts International Business Machines (NYSE:IBM) Price Target to $130.00

International Business Machines (NYSE:IBM) had its price objective hoisted by UBS Group from $125.00 to $130.00 in a report published on Monday morning, Benzinga reports. They currently have a sell rating on the technology company’s stock.

Several other brokerages also recently weighed in on IBM. Stifel Nicolaus reiterated a buy rating and issued a $190.00 price objective on shares of International Business Machines in a research report on Wednesday, April 17th. Evercore ISI upgraded shares of International Business Machines from an in-line rating to an outperform rating and boosted their price target for the stock from $165.00 to $200.00 in a research report on Friday, January 19th. Evercore upgraded shares of International Business Machines from an in-line rating to an outperform rating and boosted their price target for the stock from $165.00 to $200.00 in a research report on Friday, January 19th. Royal Bank of Canada boosted their price target 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. Finally, StockNews.com downgraded shares of International Business Machines from a buy rating to a hold rating in a research report on Thursday, April 11th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of Hold and a consensus price target of $177.23.

International Business Machines Trading Up 1.0 %

NYSE IBM opened at $184.01 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 50-day simple moving average of $188.36 and a 200-day simple moving average of $169.98. 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 firm has a market capitalization of $168.69 billion, a PE ratio of 22.63, a price-to-earnings-growth ratio of 3.57 and a beta of 0.70.

International Business Machines (NYSE:IBM) last issued its quarterly earnings data on Wednesday, April 24th. The technology company reported $1.68 earnings per share for the quarter, beating the consensus estimate of $1.59 by $0.09. The firm had revenue of $14.46 billion for the quarter, compared to the consensus estimate of $14.53 billion. International Business Machines had a net margin of 12.13% and a return on equity of 39.55%. International Business Machines’s quarterly revenue was up 1.5% compared to the same quarter last year. During the same period last year, the firm posted $1.36 EPS. On average, equities analysts forecast that International Business Machines will post 10.04 earnings per share for the current year.

International Business Machines Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Saturday, March 9th. Stockholders of record on Friday, February 9th were given a $1.66 dividend. This represents a $6.64 annualized dividend and a dividend yield of 3.61%. The ex-dividend date of this dividend was Thursday, February 8th. International Business Machines’s dividend payout ratio (DPR) is currently 81.67%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Desjardins Global Asset Management Inc. increased its position in shares of International Business Machines by 1.4% in the fourth quarter. Desjardins Global Asset Management Inc. now owns 3,940 shares of the technology company’s stock worth $644,000 after acquiring an additional 54 shares in the last quarter. Arden Trust Co increased its position in shares of International Business Machines by 2.8% in the first quarter. Arden Trust Co now owns 1,973 shares of the technology company’s stock worth $377,000 after acquiring an additional 54 shares in the last quarter. Calamos Wealth Management LLC increased its position in shares of International Business Machines by 2.8% in the fourth quarter. Calamos Wealth Management LLC now owns 2,007 shares of the technology company’s stock worth $328,000 after acquiring an additional 55 shares in the last quarter. Avion Wealth grew its position in International Business Machines by 6.2% during the fourth quarter. Avion Wealth now owns 964 shares of the technology company’s stock valued at $158,000 after purchasing an additional 56 shares in the last quarter. Finally, Chicago Partners Investment Group LLC grew its position in International Business Machines by 0.8% during the fourth quarter. Chicago Partners Investment Group LLC now owns 7,528 shares of the technology company’s stock valued at $1,309,000 after purchasing an additional 58 shares in the last quarter. 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.