International Business Machines (NYSE:IBM) Given New $160.00 Price Target at UBS Group

International Business Machines (NYSE:IBM - Free Report) had its price objective hoisted by UBS Group from $150.00 to $160.00 in a research note released on Tuesday morning,Benzinga reports. UBS Group currently has a sell rating on the technology company's stock.

A number of other brokerages also recently issued reports on IBM. Stifel Nicolaus upped their price objective on International Business Machines from $205.00 to $246.00 and gave the company a "buy" rating in a research note on Wednesday, October 16th. StockNews.com lowered shares of International Business Machines from a "buy" rating to a "hold" rating in a research report on Wednesday, November 20th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $250.00 price objective on shares of International Business Machines in a research report on Thursday, October 24th. Bank of America increased their target price on shares of International Business Machines from $209.00 to $250.00 and gave the company a "buy" rating in a research report on Wednesday, October 9th. Finally, DZ Bank cut shares of International Business Machines from a "buy" rating to a "hold" rating and set a $215.00 price target on the stock. in a report on Wednesday, October 2nd. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $215.81.

International Business Machines Stock Up 0.1 %

Shares of IBM stock traded up $0.14 on Tuesday, reaching $217.54. 3,485,479 shares of the company were exchanged, compared to its average volume of 3,249,006. The company has a debt-to-equity ratio of 2.16, a current ratio of 1.06 and a quick ratio of 1.01. The company has a market cap of $201.15 billion, a price-to-earnings ratio of 31.67, a PEG ratio of 5.18 and a beta of 0.74. The company has a 50-day moving average of $222.34 and a 200-day moving average of $210.16. International Business Machines has a one year low of $162.62 and a one year high of $239.35.

International Business Machines (NYSE:IBM - Get Free Report) last released its quarterly earnings results on Wednesday, October 23rd. The technology company reported $2.30 earnings per share for the quarter, beating analysts' consensus estimates of $2.27 by $0.03. The company had revenue of $14.97 billion for the quarter, compared to analyst estimates of $15.08 billion. International Business Machines had a net margin of 10.22% and a return on equity of 40.52%. The firm's revenue was up 1.5% on a year-over-year basis. During the same period last year, the firm earned $2.20 earnings per share. Analysts anticipate that International Business Machines will post 10.12 earnings per share for the current year.

International Business Machines Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Tuesday, November 12th were paid a $1.67 dividend. This represents a $6.68 annualized dividend and a yield of 3.07%. The ex-dividend date of this dividend was Tuesday, November 12th. International Business Machines's dividend payout ratio is presently 97.23%.

Insider Buying and Selling at International Business Machines

In other International Business Machines news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of the firm's stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $215.20, for a total value of $774,720.00. Following the sale, the senior vice president now owns 25,390 shares of the company's stock, valued at $5,463,928. This trade represents a 12.42 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.07% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of IBM. Meeder Asset Management Inc. lifted its position in International Business Machines by 40.9% in the 3rd quarter. Meeder Asset Management Inc. now owns 572 shares of the technology company's stock worth $126,000 after buying an additional 166 shares during the last quarter. Susquehanna Fundamental Investments LLC purchased a new position in shares of International Business Machines during the second quarter worth approximately $7,160,000. Philip James Wealth Mangement LLC bought a new stake in shares of International Business Machines in the 3rd quarter worth approximately $5,117,000. Nordea Investment Management AB boosted its stake in shares of International Business Machines by 6.5% in the 4th quarter. Nordea Investment Management AB now owns 75,638 shares of the technology company's stock valued at $16,615,000 after purchasing an additional 4,625 shares in the last quarter. Finally, Lord Abbett & CO. LLC bought a new position in shares of International Business Machines during the 3rd quarter valued at $24,761,000. 58.96% of the stock is currently owned by 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.