Shares of IBM (NYSE:IBM) have been given a consensus recommendation of “Hold” by the twenty-two ratings firms that are presently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, thirteen have given a hold recommendation and eight have issued a buy recommendation on the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $156.63.

Several equities research analysts recently weighed in on IBM shares. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $152.00 target price on shares of IBM in a research note on Monday, August 12th. Nomura increased their price objective on shares of IBM from $165.00 to $175.00 and gave the company a “buy” rating in a research report on Monday, August 5th. Bank of America increased their price objective on shares of IBM from $165.00 to $170.00 and gave the company a “buy” rating in a research report on Monday, August 5th. Credit Suisse Group reissued a “buy” rating and issued a $173.00 price objective on shares of IBM in a research report on Friday, July 19th. Finally, Tigress Financial reissued a “hold” rating on shares of IBM in a research report on Friday, July 26th.

IBM traded up $0.02 during trading hours on Friday, hitting $143.62. 2,333,001 shares of the company’s stock were exchanged, compared to its average volume of 3,892,611. IBM has a 12-month low of $105.94 and a 12-month high of $154.36. The firm has a 50 day moving average of $139.14 and a 200 day moving average of $138.78. The firm has a market cap of $127.23 billion, a P/E ratio of 10.40, a price-to-earnings-growth ratio of 2.23 and a beta of 1.31. The company has a current ratio of 1.83, a quick ratio of 1.79 and a debt-to-equity ratio of 3.51.

IBM (NYSE:IBM) last announced its earnings results on Wednesday, July 17th. The technology company reported $3.17 earnings per share for the quarter, topping the consensus estimate of $3.06 by $0.11. IBM had a net margin of 11.22% and a return on equity of 69.56%. The firm had revenue of $19.20 billion for the quarter, compared to the consensus estimate of $19.20 billion. During the same period in the prior year, the firm earned $3.08 EPS. The firm’s revenue for the quarter was down 4.0% on a year-over-year basis. As a group, research analysts expect that IBM will post 12.8 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Friday, August 9th were given a $1.62 dividend. This represents a $6.48 dividend on an annualized basis and a dividend yield of 4.51%. The ex-dividend date was Thursday, August 8th. IBM’s dividend payout ratio is presently 46.92%.

In related news, SVP Kenneth M. Keverian sold 2,227 shares of the stock in a transaction on Friday, June 14th. The shares were sold at an average price of $135.15, for a total value of $300,979.05. Following the transaction, the senior vice president now directly owns 32,878 shares of the company’s stock, valued at approximately $4,443,461.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.19% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Adell Harriman & Carpenter Inc. purchased a new position in shares of IBM in the 1st quarter valued at $207,000. Greenleaf Trust grew its position in shares of IBM by 12.4% in the 1st quarter. Greenleaf Trust now owns 8,057 shares of the technology company’s stock valued at $1,137,000 after buying an additional 891 shares during the last quarter. Wesbanco Bank Inc. grew its position in shares of IBM by 2.2% in the 1st quarter. Wesbanco Bank Inc. now owns 115,867 shares of the technology company’s stock valued at $16,349,000 after buying an additional 2,522 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its position in shares of IBM by 15.0% in the 2nd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 217,102 shares of the technology company’s stock valued at $29,938,000 after buying an additional 28,256 shares during the last quarter. Finally, Atlantic Union Bankshares Corp grew its position in shares of IBM by 706.9% in the 2nd quarter. Atlantic Union Bankshares Corp now owns 35,641 shares of the technology company’s stock valued at $4,915,000 after buying an additional 31,224 shares during the last quarter. 55.47% of the stock is currently owned by hedge funds and other institutional investors.

About IBM

International Business Machines Corporation operates as an integrated technology and services company worldwide. Its Cognitive Solutions segment offers a portfolio of enterprise artificial intelligence platforms, such as analytics and data management platforms, cloud data services, talent management, and industry solutions primarily under the Watson Platform, Watson Health, and Watson Internet of Things names.

Featured Article: Put Option Volume

Analyst Recommendations for IBM (NYSE:IBM)

Receive News & Ratings for IBM Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for IBM and related companies with MarketBeat.com's FREE daily email newsletter.