Jefferies Financial Group Trims International Business Machines (NYSE:IBM) Target Price to $210.00

International Business Machines (NYSE:IBM) had its price objective trimmed by Jefferies Financial Group from $215.00 to $210.00 in a report published on Tuesday, Benzinga reports. The brokerage currently has a hold rating on the technology company’s stock.

Several other research analysts have also issued reports on the company. BMO Capital Markets increased their target price on International Business Machines from $155.00 to $210.00 and gave the stock a market perform rating in a research report on Thursday, January 25th. Sanford C. Bernstein increased their target price on International Business Machines from $165.00 to $186.00 and gave the stock a market perform rating in a research report on Thursday, March 7th. UBS Group increased their target price on International Business Machines from $125.00 to $130.00 and gave the stock a sell rating in a research report on Monday, April 22nd. Bank of America increased their target price on International Business Machines from $200.00 to $220.00 and gave the stock a buy rating in a research report on Thursday, March 14th. Finally, Evercore raised International Business Machines from an in-line rating to an outperform rating and increased their target price for the stock from $165.00 to $200.00 in a research report on Friday, January 19th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of Hold and an average target price of $184.08.

International Business Machines Trading Down 1.0 %

IBM opened at $167.20 on Tuesday. The business has a 50 day simple moving average of $187.60 and a two-hundred day simple moving average of $170.15. The firm has a market capitalization of $153.28 billion, a price-to-earnings ratio of 18.94, a PEG ratio of 3.62 and a beta of 0.70. The company has a debt-to-equity ratio of 2.22, a current ratio of 0.96 and a quick ratio of 0.93. International Business Machines has a one year low of $120.55 and a one year high of $199.18.

International Business Machines (NYSE:IBM) last released its quarterly earnings results on Wednesday, April 24th. The technology company reported $1.68 EPS for the quarter, beating analysts’ consensus estimates of $1.59 by $0.09. The business had revenue of $14.46 billion during the quarter, compared to analyst estimates of $14.53 billion. International Business Machines had a return on equity of 40.50% and a net margin of 13.18%. International Business Machines’s quarterly revenue was up 1.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.36 EPS. Analysts predict that International Business Machines will post 10.04 EPS for the current year.

International Business Machines Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Saturday, March 9th. Stockholders of record on Friday, February 9th were paid a $1.66 dividend. The ex-dividend date of this dividend was Thursday, February 8th. This represents a $6.64 dividend on an annualized basis and a dividend yield of 3.97%. International Business Machines’s dividend payout ratio (DPR) is currently 75.20%.

Hedge Funds Weigh In On International Business Machines

Institutional investors and hedge funds have recently modified their holdings of the company. Naples Money Management LLC purchased a new position in shares of International Business Machines in the 4th quarter worth $28,000. Creekmur Asset Management LLC purchased a new position in shares of International Business Machines in the 4th quarter worth $29,000. Ables Iannone Moore & Associates Inc. purchased a new position in shares of International Business Machines in the 4th quarter worth $31,000. Financial Synergies Wealth Advisors Inc. boosted its stake in shares of International Business Machines by 164.0% in the 1st 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 during the last quarter. Finally, Creative Capital Management Investments LLC boosted its stake in shares of International Business Machines by 56.9% in the 1st 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 during the last quarter. 58.96% of the stock is currently owned by hedge funds and other institutional investors.

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.