International Business Machines Co. (NYSE:IBM) Receives $146.10 Average Price Target from Analysts

Shares of International Business Machines Co. (NYSE:IBMGet Rating) have been given a consensus rating of “Moderate Buy” by the eleven research firms that are currently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $146.10.

IBM has been the subject of several recent analyst reports. Tigress Financial lifted their target price on shares of International Business Machines from $133.00 to $139.00 and gave the stock a “neutral” rating in a report on Thursday, April 21st. Morgan Stanley decreased their target price on shares of International Business Machines from $157.00 to $155.00 and set an “overweight” rating for the company in a report on Tuesday, July 19th. BMO Capital Markets decreased their target price on shares of International Business Machines from $152.00 to $148.00 in a report on Tuesday, July 19th. Bank of America lifted their price target on shares of International Business Machines from $162.00 to $165.00 and gave the stock a “buy” rating in a research note on Wednesday, April 20th. Finally, StockNews.com upgraded shares of International Business Machines from a “hold” rating to a “buy” rating in a research note on Thursday, July 21st.

Insider Activity at International Business Machines

In related news, major shareholder Business Machine International sold 22,301,536 shares of the business’s stock in a transaction that occurred on Thursday, May 19th. The shares were sold at an average price of $13.95, for a total transaction of $311,106,427.20. Following the completion of the sale, the insider now directly owns 22,301,536 shares in the company, valued at $311,106,427.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.04% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On International Business Machines

Large investors have recently added to or reduced their stakes in the company. BCR Wealth Strategies LLC purchased a new position in shares of International Business Machines in the second quarter worth $25,000. Gleason Group Inc. purchased a new position in shares of International Business Machines in the second quarter worth $28,000. IFS Advisors LLC purchased a new position in shares of International Business Machines in the fourth quarter worth $28,000. Canton Hathaway LLC purchased a new position in shares of International Business Machines in the second quarter worth $31,000. Finally, Win Advisors Inc. lifted its holdings in shares of International Business Machines by 52.3% in the second quarter. Win Advisors Inc. now owns 236 shares of the technology company’s stock worth $33,000 after buying an additional 81 shares in the last quarter. Hedge funds and other institutional investors own 55.22% of the company’s stock.

International Business Machines Trading Up 0.6 %

Shares of NYSE IBM opened at $132.48 on Wednesday. International Business Machines has a 1 year low of $114.56 and a 1 year high of $146.00. The stock has a market cap of $119.65 billion, a P/E ratio of 21.51, a price-to-earnings-growth ratio of 2.00 and a beta of 0.85. The firm has a 50-day moving average of $136.61 and a 200 day moving average of $132.76. The company has a debt-to-equity ratio of 2.28, a current ratio of 0.88 and a quick ratio of 0.82.

International Business Machines (NYSE:IBMGet Rating) last issued its earnings results on Monday, July 18th. The technology company reported $2.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.29 by $0.02. The business had revenue of $15.54 billion during the quarter, compared to analysts’ expectations of $15.18 billion. International Business Machines had a net margin of 8.72% and a return on equity of 43.52%. The business’s revenue for the quarter was up 9.3% compared to the same quarter last year. During the same period in the previous year, the company earned $2.33 earnings per share. As a group, sell-side analysts expect that International Business Machines will post 9.47 EPS for the current fiscal year.

International Business Machines Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Saturday, September 10th. Investors of record on Wednesday, August 10th will be given a dividend of $1.65 per share. The ex-dividend date is Tuesday, August 9th. This represents a $6.60 annualized dividend and a yield of 4.98%. International Business Machines’s dividend payout ratio (DPR) is 107.14%.

International Business Machines Company Profile

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International Business Machines Corporation provides integrated solutions and services worldwide. The company operates through four business segments: Software, Consulting, Infrastructure, and Financing. The Software segment offers hybrid cloud platform and software solutions, such as Red Hat, an enterprise open-source solutions; software for business automation, AIOps and management, integration, and application servers; data and artificial intelligence solutions; and security software and services for threat, data, and identity.

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Analyst Recommendations for International Business Machines (NYSE:IBM)

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