International Business Machines (NYSE:IBM) Coverage Initiated by Analysts at Oppenheimer

Oppenheimer initiated coverage on shares of International Business Machines (NYSE:IBM) in a research note issued to investors on Tuesday, MarketBeat reports. The firm issued an outperform rating and a $320.00 price target on the technology company’s stock.

A number of other analysts also recently weighed in on IBM. JPMorgan Chase & Co. upped their target price on International Business Machines from $233.00 to $244.00 and gave the company a “neutral” rating in a research report on Thursday, January 30th. Stifel Nicolaus increased their price objective on shares of International Business Machines from $205.00 to $246.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. Jefferies Financial Group boosted their target price on shares of International Business Machines from $245.00 to $270.00 and gave the company a “hold” rating in a research report on Thursday, January 30th. Wedbush began coverage on shares of International Business Machines in a research report on Monday, February 3rd. They set an “outperform” rating on the stock. Finally, BMO Capital Markets boosted their price objective on shares of International Business Machines from $260.00 to $280.00 and gave the company a “market perform” rating in a research report on Thursday, January 30th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, International Business Machines presently has an average rating of “Hold” and an average price target of $231.44.

International Business Machines Price Performance

International Business Machines stock opened at $254.85 on Tuesday. The company has a market capitalization of $235.65 billion, a price-to-earnings ratio of 39.76, a PEG ratio of 5.57 and a beta of 0.76. The stock’s 50 day moving average is $230.19 and its 200-day moving average is $217.78. The company has a current ratio of 1.04, a quick ratio of 1.00 and a debt-to-equity ratio of 1.82. International Business Machines has a 12 month low of $162.62 and a 12 month high of $265.72.

International Business Machines (NYSE:IBM) last posted its quarterly earnings data on Wednesday, January 29th. The technology company reported $3.92 earnings per share for the quarter, topping the consensus estimate of $3.77 by $0.15. International Business Machines had a return on equity of 38.99% and a net margin of 9.60%. Equities research analysts expect that International Business Machines will post 10.75 EPS for the current year.

International Business Machines Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Monday, February 10th will be issued a $1.67 dividend. The ex-dividend date of this dividend is Monday, February 10th. This represents a $6.68 dividend on an annualized basis and a yield of 2.62%. International Business Machines’s dividend payout ratio (DPR) is presently 104.21%.

Institutional Investors Weigh In On International Business Machines

A number of institutional investors have recently added to or reduced their stakes in the business. Syverson Strege & Co raised its position in International Business Machines by 14.6% during the 4th quarter. Syverson Strege & Co now owns 2,220 shares of the technology company’s stock worth $488,000 after purchasing an additional 283 shares during the last quarter. TIAA Trust National Association lifted its stake in shares of International Business Machines by 1.2% in the fourth quarter. TIAA Trust National Association now owns 108,400 shares of the technology company’s stock worth $23,830,000 after acquiring an additional 1,244 shares during the period. FineMark National Bank & Trust boosted its holdings in International Business Machines by 1.6% in the fourth quarter. FineMark National Bank & Trust now owns 9,269 shares of the technology company’s stock valued at $2,038,000 after acquiring an additional 143 shares during the last quarter. Ashton Thomas Securities LLC increased its position in International Business Machines by 89.6% during the 4th quarter. Ashton Thomas Securities LLC now owns 2,543 shares of the technology company’s stock valued at $560,000 after purchasing an additional 1,202 shares during the period. Finally, Modern Wealth Management LLC raised its holdings in International Business Machines by 46.1% during the 4th quarter. Modern Wealth Management LLC now owns 14,493 shares of the technology company’s stock worth $3,186,000 after purchasing an additional 4,572 shares during the last quarter. 58.96% of the stock is owned by institutional investors.

About International Business Machines

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.