International Business Machines (NYSE:IBM) Receives “Buy” Rating from Stifel Nicolaus

Stifel Nicolaus restated their buy rating on shares of International Business Machines (NYSE:IBM) in a research report sent to investors on Thursday, Benzinga reports. The brokerage currently has a $190.00 price objective on the technology company’s stock.

IBM has been the topic of several other research reports. UBS Group boosted their target price on International Business Machines from $125.00 to $130.00 and gave the company a sell rating in a research note on Monday, April 22nd. BNP Paribas started coverage on shares of International Business Machines in a research report on Thursday, May 2nd. They issued an underperform rating and a $145.00 price objective on the stock. Wedbush raised their target price on shares of International Business Machines from $140.00 to $160.00 and gave the company a neutral rating in a research report on Thursday, April 25th. StockNews.com downgraded shares of International Business Machines from a buy rating to a hold rating in a research note on Wednesday, May 1st. Finally, Royal Bank of Canada reaffirmed an outperform rating and issued a $200.00 target price on shares of International Business Machines in a research report on Thursday. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of Hold and a consensus target price of $181.29.

International Business Machines Stock Up 0.0 %

International Business Machines stock opened at $169.03 on Thursday. International Business Machines has a twelve month low of $125.01 and a twelve month high of $199.18. The company has a quick ratio of 1.09, a current ratio of 1.13 and a debt-to-equity ratio of 2.32. The company has a 50 day moving average of $181.36 and a 200-day moving average of $173.19. The stock has a market capitalization of $155.27 billion, a PE ratio of 19.14, a price-to-earnings-growth ratio of 4.16 and a beta of 0.74.

International Business Machines (NYSE:IBM) last released its earnings results on Tuesday, April 30th. The technology company reported $1.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.59 by $0.09. The firm had revenue of $14.46 billion during the quarter, compared to analysts’ expectations of $14.53 billion. International Business Machines had a return on equity of 40.21% and a net margin of 13.18%. The company’s revenue was up 1.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.36 EPS. On average, equities research analysts anticipate that International Business Machines will post 9.91 EPS for the current fiscal year.

International Business Machines Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Friday, May 10th will be paid a dividend of $1.67 per share. This represents a $6.68 dividend on an annualized basis and a dividend yield of 3.95%. The ex-dividend date of this dividend is Thursday, May 9th. This is a boost from International Business Machines’s previous quarterly dividend of $1.66. International Business Machines’s dividend payout ratio (DPR) is currently 75.65%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of IBM. FPC Investment Advisory Inc. acquired a new stake in International Business Machines during the 1st quarter worth approximately $26,000. ESL Trust Services LLC bought a new stake in shares of International Business Machines in the first quarter valued at about $28,000. Naples Money Management LLC bought a new position in International Business Machines during the fourth quarter worth about $28,000. Creekmur Asset Management LLC acquired a new stake in International Business Machines in the 4th quarter worth about $29,000. Finally, Ables Iannone Moore & Associates Inc. bought a new stake in International Business Machines in the 4th quarter valued at about $31,000. Institutional investors and hedge funds own 58.96% of the company’s stock.

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.