International Business Machines (NYSE:IBM) Given “Buy” Rating at Stifel Nicolaus

Stifel Nicolaus restated their buy rating on shares of International Business Machines (NYSE:IBM) in a report released on Wednesday morning, Benzinga reports. Stifel Nicolaus currently has a $190.00 target price on the technology company’s stock.

IBM has been the subject of a number of other research reports. Evercore upgraded shares of 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. Evercore ISI upgraded shares of 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. BMO Capital Markets increased their target price on shares of 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. Bank of America increased their target price on shares of 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, StockNews.com downgraded shares of International Business Machines from a buy rating to a hold rating in a research report on Thursday, April 11th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of Hold and an average target price of $178.67.

International Business Machines Trading Down 0.4 %

International Business Machines stock opened at $183.05 on Wednesday. The company has a 50 day moving average price of $188.61 and a 200 day moving average price of $168.54. International Business Machines has a 52 week low of $120.55 and a 52 week high of $199.18. The company has a debt-to-equity ratio of 2.22, a quick ratio of 0.93 and a current ratio of 0.96. The firm has a market capitalization of $167.81 billion, a price-to-earnings ratio of 22.52, a P/E/G ratio of 3.60 and a beta of 0.70.

International Business Machines (NYSE:IBM) last posted its quarterly earnings data on Wednesday, January 24th. The technology company reported $3.87 EPS for the quarter, topping analysts’ consensus estimates of $3.78 by $0.09. International Business Machines had a net margin of 12.13% and a return on equity of 39.55%. The firm had revenue of $17.38 billion during the quarter, compared to analyst estimates of $17.29 billion. During the same quarter last year, the business posted $3.60 EPS. The company’s revenue was up 4.1% on a year-over-year basis. Research analysts forecast that International Business Machines will post 10.07 EPS for the current year.

International Business Machines Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Saturday, March 9th. Investors of record on Friday, February 9th were issued a $1.66 dividend. The ex-dividend date of this dividend was Thursday, February 8th. This represents a $6.64 annualized dividend and a yield of 3.63%. International Business Machines’s dividend payout ratio (DPR) is presently 81.67%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Naples Money Management LLC acquired a new stake in International Business Machines in the 4th quarter worth $28,000. Creekmur Asset Management LLC bought a new position in shares of International Business Machines in the fourth quarter worth about $29,000. Ables Iannone Moore & Associates Inc. bought a new position in shares of International Business Machines in the fourth quarter worth about $31,000. Financial Synergies Wealth Advisors Inc. raised its stake in shares of International Business Machines by 164.0% in the first quarter. Financial Synergies Wealth Advisors Inc. now owns 198 shares of the technology company’s stock worth $38,000 after acquiring an additional 123 shares during the last quarter. Finally, Cornerstone Planning Group LLC bought a new position in shares of International Business Machines in the second quarter worth about $28,000. 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.