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

Shares of International Business Machines Co. (NYSE:IBMGet Rating) have been given a consensus recommendation of “Moderate Buy” by the eleven brokerages that are covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $146.10.

A number of research analysts recently weighed in on IBM shares. Tigress Financial raised their target price on shares of International Business Machines from $133.00 to $139.00 and gave the company a “neutral” rating in a report on Thursday, April 21st. Morgan Stanley reduced 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. StockNews.com upgraded International Business Machines from a “hold” rating to a “buy” rating in a research note on Thursday, July 21st. Bank of America boosted their price target on 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, Credit Suisse Group dropped their target price on International Business Machines from $166.00 to $156.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 20th.

Insider Activity at International Business Machines

In other news, major shareholder Business Machine International sold 22,301,536 shares of the business’s stock in a transaction on Thursday, May 19th. The stock was sold at an average price of $13.95, for a total value of $311,106,427.20. Following the completion of the transaction, the insider now directly owns 22,301,536 shares of the company’s stock, valued at $311,106,427.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.04% of the company’s stock.

Institutional Investors Weigh In On International Business Machines

Institutional investors and hedge funds have recently modified their holdings of the stock. Norges Bank acquired a new stake in shares of International Business Machines during the 4th quarter worth approximately $1,025,028,000. State Street Corp boosted its stake in shares of International Business Machines by 3.3% during the 4th quarter. State Street Corp now owns 53,048,681 shares of the technology company’s stock worth $7,090,487,000 after acquiring an additional 1,687,122 shares in the last quarter. Millennium Management LLC boosted its stake in shares of International Business Machines by 115.2% during the 4th quarter. Millennium Management LLC now owns 212,230 shares of the technology company’s stock worth $28,367,000 after acquiring an additional 1,610,410 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of International Business Machines by 1.9% in the first quarter. Vanguard Group Inc. now owns 77,002,099 shares of the technology company’s stock worth $10,011,813,000 after buying an additional 1,448,444 shares during the period. Finally, Arrowstreet Capital Limited Partnership boosted its position in shares of International Business Machines by 35.3% in the first quarter. Arrowstreet Capital Limited Partnership now owns 4,460,023 shares of the technology company’s stock worth $579,892,000 after buying an additional 1,163,790 shares during the period. Hedge funds and other institutional investors own 55.22% of the company’s stock.

International Business Machines Stock Performance

Shares of NYSE IBM opened at $132.48 on Wednesday. The firm’s 50-day moving average price is $136.61 and its 200-day moving average price is $132.76. The company has a quick ratio of 0.82, a current ratio of 0.88 and a debt-to-equity ratio of 2.28. The company has a market cap of $119.65 billion, a PE ratio of 21.51, a PEG ratio of 2.00 and a beta of 0.85. International Business Machines has a 52-week low of $114.56 and a 52-week high of $146.00.

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

International Business Machines Dividend Announcement

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

About International Business Machines

(Get Rating)

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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