International Business Machines (NYSE:IBM) Price Target Raised to $246.00 at Stifel Nicolaus

International Business Machines (NYSE:IBM - Free Report) had its price target lifted by Stifel Nicolaus from $205.00 to $246.00 in a report published on Wednesday morning, Benzinga reports. They currently have a buy rating on the technology company's stock.

Other analysts have also issued research reports about the company. Bank of America lifted their price objective on International Business Machines from $209.00 to $250.00 and gave the stock a "buy" rating in a report on Wednesday, October 9th. Evercore ISI boosted their price target on shares of International Business Machines from $215.00 to $240.00 and gave the company an "outperform" rating in a report on Wednesday, September 11th. BMO Capital Markets raised their price objective on shares of International Business Machines from $190.00 to $210.00 and gave the stock a "market perform" rating in a report on Thursday, July 25th. Bernstein Bank upped their target price on shares of International Business Machines from $185.00 to $210.00 and gave the company a "market perform" rating in a research note on Thursday, October 3rd. Finally, The Goldman Sachs Group raised their price target on shares of International Business Machines from $220.00 to $250.00 and gave the stock a "buy" rating in a research note on Monday, September 30th. Three analysts have rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $200.82.

International Business Machines Stock Performance

Shares of IBM traded up $0.68 during mid-day trading on Wednesday, hitting $233.64. The company's stock had a trading volume of 2,842,246 shares, compared to its average volume of 4,188,823. International Business Machines has a one year low of $135.87 and a one year high of $237.37. The stock's 50-day moving average is $210.57 and its two-hundred day moving average is $188.54. The firm has a market capitalization of $214.62 billion, a PE ratio of 26.46, a price-to-earnings-growth ratio of 5.21 and a beta of 0.70. The company has a debt-to-equity ratio of 2.20, a quick ratio of 1.08 and a current ratio of 1.12.

International Business Machines (NYSE:IBM - Get Free Report) last posted its quarterly earnings results 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. International Business Machines had a net margin of 13.52% and a return on equity of 40.59%. The company had revenue of $15.77 billion for the quarter, compared to analyst estimates of $15.62 billion. During the same period last year, the business posted $2.18 EPS. The business's quarterly revenue was up 1.9% on a year-over-year basis. As a group, sell-side analysts anticipate that International Business Machines will post 10.1 EPS for the current year.

International Business Machines Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Friday, August 9th were given a $1.67 dividend. This represents a $6.68 annualized dividend and a yield of 2.86%. The ex-dividend date was Friday, August 9th. International Business Machines's payout ratio is presently 75.65%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Syon Capital LLC acquired a new stake in International Business Machines in the fourth quarter worth about $220,000. Massmutual Trust Co. FSB ADV raised its stake in shares of International Business Machines by 1.7% during the first quarter. Massmutual Trust Co. FSB ADV now owns 6,580 shares of the technology company's stock worth $1,257,000 after buying an additional 109 shares during the last quarter. Foster Group Inc. lifted its holdings in International Business Machines by 6.4% in the first quarter. Foster Group Inc. now owns 1,863 shares of the technology company's stock valued at $356,000 after buying an additional 112 shares during the period. Signal Advisors Wealth LLC boosted its stake in International Business Machines by 4.0% in the first quarter. Signal Advisors Wealth LLC now owns 2,557 shares of the technology company's stock valued at $488,000 after acquiring an additional 99 shares during the last quarter. Finally, Walker Asset Management LLC acquired a new stake in International Business Machines during the 1st quarter worth $224,000. 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.