BMO Capital Markets Cuts International Business Machines (NYSE:IBM) Price Target to $190.00

International Business Machines (NYSE:IBM) had its price target lowered by BMO Capital Markets from $210.00 to $190.00 in a research note published on Thursday morning, Benzinga reports. The firm currently has a market perform rating on the technology company’s stock.

Other equities analysts also recently issued reports about the stock. Societe Generale reaffirmed a sell rating and issued a $143.00 price target on shares of International Business Machines in a research note on Friday, January 5th. Bank of America upped their price target on shares of International Business Machines from $200.00 to $220.00 and gave the stock a buy rating in a research note on Thursday, March 14th. Royal Bank of Canada upped 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 note on Thursday, January 25th. Stifel Nicolaus reaffirmed a buy rating and issued a $190.00 price target on shares of International Business Machines in a research note on Wednesday, April 17th. Finally, Jefferies Financial Group decreased their price objective on shares of International Business Machines from $215.00 to $210.00 and set a hold rating for the company in a report on Tuesday, April 23rd. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of Hold and a consensus price target of $184.08.

International Business Machines Price Performance

Shares of NYSE:IBM opened at $167.13 on Thursday. International Business Machines has a one year low of $120.55 and a one year high of $199.18. The stock has a fifty day moving average of $187.60 and a 200-day moving average of $170.53. The company has a market capitalization of $153.21 billion, a PE ratio of 18.93, a price-to-earnings-growth ratio of 3.30 and a beta of 0.70. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.93 and a current ratio of 1.13.

International Business Machines (NYSE:IBM) last announced its earnings results on Tuesday, April 30th. The technology company reported $1.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.59 by $0.09. International Business Machines had a net margin of 13.18% and a return on equity of 40.21%. The company had revenue of $14.46 billion for the quarter, compared to the consensus estimate of $14.53 billion. During the same period in the previous year, the business earned $1.36 EPS. The company’s revenue was up 1.5% on a year-over-year basis. As a group, equities analysts anticipate that International Business Machines will post 9.99 EPS for the current fiscal year.

International Business Machines Announces Dividend

The firm also recently declared 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 3.97%. The ex-dividend date of this dividend was Thursday, February 8th. International Business Machines’s dividend payout ratio is currently 75.20%.

Institutional Investors Weigh In On International Business Machines

Hedge funds and other institutional investors have recently made changes to their positions in the business. Naples Money Management LLC acquired a new stake in shares of International Business Machines in the fourth quarter valued at about $28,000. Creekmur Asset Management LLC acquired a new stake in shares of International Business Machines in the fourth quarter valued at about $29,000. Ables Iannone Moore & Associates Inc. acquired a new stake in shares of International Business Machines in the fourth quarter valued at about $31,000. Financial Synergies Wealth Advisors Inc. grew its position in International Business Machines by 164.0% during the first quarter. Financial Synergies Wealth Advisors Inc. now owns 198 shares of the technology company’s stock worth $38,000 after buying an additional 123 shares in the last quarter. Finally, Creative Capital Management Investments LLC grew its position in International Business Machines by 56.9% during the first quarter. Creative Capital Management Investments LLC now owns 204 shares of the technology company’s stock worth $39,000 after buying an additional 74 shares in the last quarter. 58.96% of the stock is owned by institutional investors and hedge funds.

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.