International Business Machines Co. (NYSE:IBM – Get Rating) has received a consensus rating of “Moderate Buy” from the thirteen research firms that are covering the stock, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 1 year target price among analysts that have covered the stock in the last year is $147.25.

A number of equities research analysts have recently issued reports on IBM shares. Tigress Financial upped their target price on shares of International Business Machines from $133.00 to $139.00 and gave the stock a “neutral” rating in a report on Thursday, April 21st. BMO Capital Markets upped their price objective on shares of International Business Machines from $148.00 to $152.00 and gave the company a “market perform” rating in a report on Wednesday, April 20th. StockNews.com started coverage on shares of International Business Machines in a report on Thursday, March 31st. They issued a “buy” rating for the company. Credit Suisse Group upped their price objective on shares of International Business Machines from $165.00 to $166.00 and gave the company an “outperform” rating in a report on Wednesday, April 20th. Finally, Morgan Stanley upped their price objective on shares of International Business Machines from $150.00 to $157.00 and gave the company an “overweight” rating in a report on Wednesday, April 20th.

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International Business Machines stock opened at $140.47 on Friday. International Business Machines has a 52-week low of $114.56 and a 52-week high of $146.00. The firm has a market capitalization of $126.34 billion, a price-to-earnings ratio of 23.03, a PEG ratio of 1.58 and a beta of 0.93. The company has a fifty day simple moving average of $137.03 and a 200-day simple moving average of $132.90. The company has a quick ratio of 0.87, a current ratio of 0.92 and a debt-to-equity ratio of 2.44.

International Business Machines (NYSE:IBM – Get Rating) last released its earnings results on Tuesday, April 19th. The technology company reported $1.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.34 by $0.06. International Business Machines had a net margin of 8.21% and a return on equity of 42.14%. The business had revenue of $14.20 billion during the quarter, compared to analyst estimates of $13.84 billion. During the same quarter in the prior year, the firm earned $1.77 earnings per share. The company’s revenue for the quarter was up 7.7% compared to the same quarter last year. On average, research analysts anticipate that International Business Machines will post 9.89 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, June 10th. Shareholders of record on Tuesday, May 10th were given a $1.65 dividend. The ex-dividend date of this dividend was Monday, May 9th. This represents a $6.60 dividend on an annualized basis and a yield of 4.70%. This is a boost from International Business Machines’s previous quarterly dividend of $1.64. International Business Machines’s dividend payout ratio is presently 108.20%.

In other news, major shareholder Business Machine International sold 22,301,536 shares of the stock in a transaction dated Thursday, May 19th. The shares were sold at an average price of $13.95, for a total transaction of $311,106,427.20. Following the sale, the insider now owns 22,301,536 shares of the company’s stock, valued at $311,106,427.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.04% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of IBM. Norges Bank acquired a new stake in International Business Machines in the fourth quarter valued at approximately $1,025,028,000. State Street Corp raised its holdings in International Business Machines by 3.3% in the fourth quarter. State Street Corp now owns 53,048,681 shares of the technology company’s stock valued at $7,090,487,000 after acquiring an additional 1,687,122 shares in the last quarter. Millennium Management LLC raised its holdings in International Business Machines by 115.2% in the fourth quarter. Millennium Management LLC now owns 212,230 shares of the technology company’s stock valued at $28,367,000 after acquiring an additional 1,610,410 shares in the last quarter. Vanguard Group Inc. raised its holdings in International Business Machines by 1.9% in the first quarter. Vanguard Group Inc. now owns 77,002,099 shares of the technology company’s stock valued at $10,011,813,000 after acquiring an additional 1,448,444 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its holdings in International Business Machines by 35.3% in the first quarter. Arrowstreet Capital Limited Partnership now owns 4,460,023 shares of the technology company’s stock valued at $579,892,000 after acquiring an additional 1,163,790 shares in the last quarter. 55.22% of the stock is currently owned by institutional investors and hedge funds.

About International Business Machines (Get Rating)

International Business Machines Corporation provides integrated solutions and services worldwide. The company operates through four business segments: Software, Consulting, Infrastructure, and Financing. The Software segment offers hybrid cloud platform and software solutions, such as Red Hat, an enterprise open-source solutions; software for business automation, AIOps and management, integration, and application servers; data and artificial intelligence solutions; and security software and services for threat, data, and identity.

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Analyst Recommendations for International Business Machines (NYSE:IBM)

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