International Business Machines (NYSE:IBM) Given New $325.00 Price Target at Wedbush

International Business Machines (NYSE:IBM) had its price objective hoisted by Wedbush from $300.00 to $325.00 in a research report report published on Friday morning,Benzinga reports. They currently have an outperform rating on the technology company’s stock.

A number of other brokerages have also commented on IBM. Wall Street Zen lowered shares of International Business Machines from a “buy” rating to a “hold” rating in a report on Wednesday, May 21st. BMO Capital Markets reiterated a “market perform” rating on shares of International Business Machines in a report on Wednesday, April 23rd. UBS Group reiterated a “sell” rating and issued a $170.00 price objective (up previously from $160.00) on shares of International Business Machines in a report on Wednesday, April 23rd. Citigroup reiterated an “outperform” rating on shares of International Business Machines in a report on Saturday, May 10th. Finally, Erste Group Bank upgraded shares of International Business Machines from a “hold” rating to a “strong-buy” rating in a report on Monday, March 17th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, International Business Machines currently has a consensus rating of “Hold” and an average target price of $253.75.

International Business Machines Stock Performance

NYSE:IBM opened at $280.67 on Friday. The company has a current ratio of 1.01, a quick ratio of 0.97 and a debt-to-equity ratio of 2.09. The firm has a market capitalization of $260.85 billion, a price-to-earnings ratio of 48.31, a PEG ratio of 5.95 and a beta of 0.66. The firm’s fifty day simple moving average is $257.71 and its 200 day simple moving average is $245.55. International Business Machines has a twelve month low of $170.41 and a twelve month high of $286.91.

International Business Machines (NYSE:IBM) last posted its earnings results on Wednesday, April 23rd. The technology company reported $1.60 earnings per share for the quarter, beating the consensus estimate of $1.42 by $0.18. The business had revenue of $14.54 billion for the quarter, compared to analyst estimates of $14.41 billion. International Business Machines had a net margin of 8.71% and a return on equity of 37.43%. The business’s quarterly revenue was up .5% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.68 EPS. As a group, equities research analysts expect that International Business Machines will post 10.78 earnings per share for the current fiscal year.

International Business Machines Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Friday, May 9th were given a dividend of $1.68 per share. This represents a $6.72 dividend on an annualized basis and a dividend yield of 2.39%. This is an increase from International Business Machines’s previous quarterly dividend of $1.67. International Business Machines’s dividend payout ratio is currently 115.66%.

Institutional Investors Weigh In On International Business Machines

A number of institutional investors have recently modified their holdings of the business. Christopher J. Hasenberg Inc bought a new position in International Business Machines in the 1st quarter worth about $27,000. SSA Swiss Advisors AG bought a new position in International Business Machines in the 1st quarter worth about $28,000. Dagco Inc. bought a new position in International Business Machines in the 1st quarter worth about $31,000. Silicon Valley Capital Partners grew its position in International Business Machines by 322.6% in the 1st quarter. Silicon Valley Capital Partners now owns 131 shares of the technology company’s stock worth $32,000 after purchasing an additional 100 shares during the last quarter. Finally, Vision Financial Markets LLC bought a new position in International Business Machines in the 4th quarter worth about $31,000. Institutional investors own 58.96% of the company’s stock.

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.