International Business Machines (NYSE:IBM) Lowered to Hold at StockNews.com

StockNews.com downgraded shares of International Business Machines (NYSE:IBM) from a buy rating to a hold rating in a research note released on Wednesday morning.

A number of other equities analysts also recently weighed in on the company. Wedbush boosted their price target on International Business Machines from $140.00 to $160.00 and gave the stock a neutral rating in a research report on Thursday, April 25th. JPMorgan Chase & Co. decreased their target price on International Business Machines from $190.00 to $185.00 and set a neutral rating on the stock in a report on Thursday, April 25th. BMO Capital Markets cut their price target on International Business Machines from $210.00 to $190.00 and set a market perform rating for the company in a report on Thursday, April 25th. Evercore upgraded shares of International Business Machines from an in-line rating to an outperform rating and upped their price objective for the company from $165.00 to $200.00 in a report on Friday, January 19th. Finally, Stifel Nicolaus restated a buy rating and set a $190.00 target price on shares of International Business Machines in a research note on Wednesday, April 17th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, International Business Machines has a consensus rating of Hold and a consensus target price of $181.29.

International Business Machines Trading Up 0.6 %

NYSE IBM opened at $165.71 on Wednesday. International Business Machines has a 12 month low of $120.55 and a 12 month high of $199.18. The company has a current ratio of 1.13, a quick ratio of 1.09 and a debt-to-equity ratio of 2.32. The stock has a 50 day moving average of $185.75 and a 200-day moving average of $171.01. The company has a market cap of $152.22 billion, a PE ratio of 18.77, a PEG ratio of 4.05 and a beta of 0.74.

International Business Machines (NYSE:IBM) last announced its quarterly earnings results on Tuesday, April 30th. The technology company reported $1.68 EPS for the quarter, beating 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 net margin of 13.18% and a return on equity of 40.21%. The company’s revenue for the quarter was up 1.5% compared to the same quarter last year. During the same quarter last year, the company posted $1.36 earnings per share. On average, equities research analysts anticipate that International Business Machines will post 9.92 EPS for the current fiscal year.

International Business Machines Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Friday, May 10th will be issued a $1.67 dividend. 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. This represents a $6.68 annualized dividend and a yield of 4.03%. International Business Machines’s payout ratio is currently 75.65%.

Institutional Investors Weigh In On International Business Machines

Several institutional investors and hedge funds have recently bought and sold shares of IBM. Dakota Wealth Management boosted its stake in International Business Machines by 36.9% in the third quarter. Dakota Wealth Management now owns 5,536 shares of the technology company’s stock valued at $777,000 after buying an additional 1,492 shares in the last quarter. Simon Quick Advisors LLC grew its holdings in shares of International Business Machines by 2.2% during the 3rd quarter. Simon Quick Advisors LLC now owns 5,689 shares of the technology company’s stock valued at $798,000 after purchasing an additional 125 shares during the last quarter. Stratos Wealth Partners LTD. increased its position in International Business Machines by 12.5% during the 3rd quarter. Stratos Wealth Partners LTD. now owns 60,124 shares of the technology company’s stock worth $8,435,000 after purchasing an additional 6,677 shares in the last quarter. Independent Advisor Alliance lifted its stake in International Business Machines by 3.8% in the 3rd quarter. Independent Advisor Alliance now owns 48,463 shares of the technology company’s stock valued at $6,799,000 after purchasing an additional 1,764 shares during the last quarter. Finally, SkyOak Wealth LLC boosted its position in International Business Machines by 0.7% in the third quarter. SkyOak Wealth LLC now owns 14,298 shares of the technology company’s stock valued at $2,006,000 after buying an additional 100 shares in the last quarter. Institutional investors 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.