International Business Machines (NYSE:IBM) Receives Buy Rating from Stifel Nicolaus

by · The Cerbat Gem

Stifel Nicolaus restated their buy rating on shares of International Business Machines (NYSE:IBM – Free Report) in a research report sent to investors on Wednesday morning, Benzinga reports. The brokerage currently has a $190.00 target price on the technology company’s stock.

Several other analysts also recently issued reports on IBM. Sanford C. Bernstein increased their price objective on shares of 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. Evercore ISI upgraded International Business Machines from an in-line rating to an outperform rating and increased their target price for the company from $165.00 to $200.00 in a research note on Friday, January 19th. StockNews.com cut International Business Machines from a buy rating to a hold rating in a research note on Thursday, April 11th. Evercore upgraded International Business Machines from an in-line rating to an outperform rating and increased their target price for the company from $165.00 to $200.00 in a research note on Friday, January 19th. Finally, Royal Bank of Canada increased their target price on International Business Machines from $179.00 to $200.00 and gave the company an outperform rating in a research note on Thursday, January 25th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of Hold and an average target price of $178.67.

Check Out Our Latest Analysis on International Business Machines

International Business Machines Stock Up 0.1 %

Shares of NYSE:IBM opened at $181.58 on Wednesday. The company has a quick ratio of 0.93, a current ratio of 0.96 and a debt-to-equity ratio of 2.22. International Business Machines has a 52-week low of $120.55 and a 52-week high of $199.18. The company has a 50 day moving average of $188.46 and a two-hundred day moving average of $169.11. The company has a market capitalization of $166.46 billion, a price-to-earnings ratio of 22.33, a price-to-earnings-growth ratio of 3.57 and a beta of 0.70.

International Business Machines (NYSE:IBM – Get Free Report) last issued its quarterly earnings data on Wednesday, January 24th. The technology company reported $3.87 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company had revenue of $17.38 billion during the quarter, compared to the consensus estimate of $17.29 billion. During the same quarter last year, the company earned $3.60 earnings per share. International Business Machines’s revenue for the quarter was up 4.1% on a year-over-year basis. As a group, analysts forecast that International Business Machines will post 10.04 earnings per share for the current fiscal year.

International Business Machines Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Saturday, March 9th. Investors of record on Friday, February 9th were paid a dividend of $1.66 per share. This represents a $6.64 annualized dividend and a yield of 3.66%. The ex-dividend date of this dividend was Thursday, February 8th. International Business Machines’s dividend payout ratio (DPR) is presently 81.67%.

Hedge Funds Weigh In On International Business Machines

Several large investors have recently added to or reduced their stakes in the company. Cantor Fitzgerald Investment Advisor L.P lifted its stake in International Business Machines by 97.6% in the first quarter. Cantor Fitzgerald Investment Advisor L.P now owns 257,335 shares of the technology company’s stock valued at $33,459,000 after buying an additional 127,093 shares during the last quarter. Roundview Capital LLC bought a new stake in International Business Machines in the first quarter valued at $203,000. Sei Investments Co. lifted its stake in International Business Machines by 35.7% in the first quarter. Sei Investments Co. now owns 177,599 shares of the technology company’s stock valued at $23,157,000 after buying an additional 46,756 shares during the last quarter. Candriam Luxembourg S.C.A. lifted its stake in International Business Machines by 1.9% in the first quarter. Candriam Luxembourg S.C.A. now owns 95,662 shares of the technology company’s stock valued at $12,438,000 after buying an additional 1,821 shares during the last quarter. Finally, Baird Financial Group Inc. lifted its stake in International Business Machines by 1.5% in the first quarter. Baird Financial Group Inc. now owns 382,232 shares of the technology company’s stock valued at $49,698,000 after buying an additional 5,506 shares during the last quarter. 58.96% of the stock is currently owned by institutional investors.

About International Business Machines

(Get Free Report)

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.

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