International Business Machines (NYSE:IBM) Price Target Raised to $145.00 at UBS Group

International Business Machines (NYSE:IBM) had its price objective hoisted by UBS Group from $130.00 to $145.00 in a report released on Wednesday morning, Benzinga reports. The brokerage currently has a sell rating on the technology company’s stock.

IBM has been the subject of a number of other reports. The Goldman Sachs Group began coverage on shares of International Business Machines in a research note on Monday, June 24th. They issued a buy rating and a $200.00 price objective for the company. StockNews.com raised International Business Machines from a hold rating to a buy rating in a research note on Wednesday, June 19th. Jefferies Financial Group raised their price objective on International Business Machines from $190.00 to $200.00 and gave the company a hold rating in a research note on Thursday, July 25th. Royal Bank of Canada boosted their target price on International Business Machines from $200.00 to $211.00 and gave the company an outperform rating in a research report on Thursday, July 25th. Finally, Stifel Nicolaus raised their price target on International Business Machines from $190.00 to $205.00 and gave the stock a buy rating in a research report on Thursday, July 25th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of Hold and a consensus target price of $185.93.

International Business Machines Price Performance

NYSE:IBM opened at $200.74 on Wednesday. The business’s 50-day moving average is $189.52 and its 200 day moving average is $182.50. International Business Machines has a 12 month low of $135.87 and a 12 month high of $205.95. The company has a market capitalization of $184.40 billion, a P/E ratio of 22.73, a P/E/G ratio of 4.50 and a beta of 0.71. The company has a current ratio of 1.12, a quick ratio of 1.08 and a debt-to-equity ratio of 2.20.

International Business Machines (NYSE:IBM) last issued its quarterly earnings data on Wednesday, July 24th. The technology company reported $2.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.16 by $0.27. The business had revenue of $15.77 billion for the quarter, compared to analysts’ expectations of $15.62 billion. International Business Machines had a return on equity of 40.59% and a net margin of 13.52%. The company’s revenue for the quarter was up 1.9% on a year-over-year basis. During the same period in the prior year, the firm earned $2.18 EPS. On average, equities research analysts forecast that International Business Machines will post 10.09 earnings per share for the current fiscal year.

International Business Machines Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Friday, August 9th will be issued a $1.67 dividend. The ex-dividend date of this dividend is Friday, August 9th. This represents a $6.68 dividend on an annualized basis and a dividend yield of 3.33%. International Business Machines’s payout ratio is 75.65%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of IBM. Sanctuary Advisors LLC purchased a new stake in International Business Machines in the second quarter worth about $40,068,000. Creekside Partners purchased a new stake in shares of International Business Machines in the 2nd quarter worth approximately $584,000. Farmers National Bank increased its holdings in International Business Machines by 11.0% during the second quarter. Farmers National Bank now owns 22,715 shares of the technology company’s stock valued at $3,929,000 after buying an additional 2,247 shares during the period. Souders Financial Advisors raised its stake in International Business Machines by 1.4% in the second quarter. Souders Financial Advisors now owns 4,392 shares of the technology company’s stock worth $760,000 after buying an additional 59 shares in the last quarter. Finally, Founders Financial Alliance LLC lifted its holdings in International Business Machines by 2.9% during the second quarter. Founders Financial Alliance LLC now owns 7,848 shares of the technology company’s stock worth $1,357,000 after buying an additional 220 shares during the period. 58.96% of the stock is currently owned by hedge funds and other institutional investors.

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.