UBS Group Boosts International Business Machines (NYSE:IBM) Price Target to $130.00

International Business Machines (NYSE:IBM) had its price target boosted by UBS Group from $125.00 to $130.00 in a report issued on Monday, Benzinga reports. UBS Group currently has a sell rating on the technology company’s stock.

Several other brokerages have also issued reports on IBM. BMO Capital Markets boosted their target price on International Business Machines from $155.00 to $210.00 and gave the company a market perform rating in a research report on Thursday, January 25th. Evercore upgraded International Business Machines from an in-line rating to an outperform rating and boosted their target price for the company from $165.00 to $200.00 in a research report on Friday, January 19th. Societe Generale restated a sell rating and set a $143.00 target price on shares of International Business Machines in a research report on Friday, January 5th. Sanford C. Bernstein boosted their target price on International Business Machines from $165.00 to $186.00 and gave the company a market perform rating in a research report on Thursday, March 7th. Finally, Bank of America boosted their target price on International Business Machines from $200.00 to $220.00 and gave the company a buy rating in a research report on Thursday, March 14th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, International Business Machines has an average rating of Hold and a consensus price target of $177.23.

International Business Machines Trading Up 1.0 %

IBM opened at $184.01 on Monday. The firm has a market cap of $168.69 billion, a P/E ratio of 22.63, a P/E/G ratio of 3.57 and a beta of 0.70. 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 0.96, a quick ratio of 0.93 and a debt-to-equity ratio of 2.22. The stock has a 50-day moving average of $188.36 and a 200 day moving average of $169.98.

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, topping the consensus estimate of $1.59 by $0.09. The company 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 39.55% and a net margin of 12.13%. The firm’s revenue was up 1.5% on a year-over-year basis. During the same quarter last year, the business posted $1.36 earnings per share. As a group, research analysts forecast that International Business Machines will post 10.04 EPS for the current year.

International Business Machines Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Saturday, March 9th. Investors of record on Friday, February 9th were paid a $1.66 dividend. This represents a $6.64 dividend on an annualized basis and a yield of 3.61%. The ex-dividend date was Thursday, February 8th. International Business Machines’s dividend payout ratio (DPR) is 81.67%.

Hedge Funds Weigh In On International Business Machines

A number of large investors have recently bought and sold shares of IBM. Naples Money Management LLC bought a new position in International Business Machines in the fourth quarter worth approximately $28,000. Creekmur Asset Management LLC acquired a new position in shares of International Business Machines during the fourth quarter worth $29,000. Briaud Financial Planning Inc acquired a new position in shares of International Business Machines during the third quarter worth $31,000. Ables Iannone Moore & Associates Inc. acquired a new position in shares of International Business Machines during the fourth quarter worth $31,000. Finally, Stone House Investment Management LLC increased its position in shares of International Business Machines by 971.4% during the third quarter. Stone House Investment Management LLC now owns 225 shares of the technology company’s stock worth $32,000 after purchasing an additional 204 shares in the last quarter. 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.