International Business Machines Corp. (NYSE:IBM)‘s stock had its “market perform” rating restated by equities researchers at Sanford C. Bernstein in a research note issued to investors on Saturday. They currently have a $140.00 target price on the technology company’s stock. Sanford C. Bernstein’s price objective suggests a potential downside of 10.07% from the stock’s current price.

IBM has been the subject of a number of other research reports. Societe Generale upgraded shares of International Business Machines Corp. from a “sell” rating to a “hold” rating in a research note on Monday, September 26th. Zacks Investment Research cut shares of International Business Machines Corp. from a “hold” rating to a “sell” rating in a research note on Tuesday, September 20th. Vetr upgraded shares of International Business Machines Corp. from a “sell” rating to a “hold” rating and set a $156.55 price target for the company in a research note on Monday, August 29th. JMP Securities reiterated a “buy” rating and issued a $157.00 price target on shares of International Business Machines Corp. in a research note on Thursday, June 23rd. Finally, Morgan Stanley reiterated an “overweight” rating on shares of International Business Machines Corp. in a research note on Wednesday, June 29th. Three equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and eight have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $154.47.

Analyst Recommendations for International Business Machines Corp. (NYSE:IBM)

Shares of International Business Machines Corp. (NYSE:IBM) opened at 155.67 on Friday. International Business Machines Corp. has a 12 month low of $116.90 and a 12 month high of $165.00. The stock’s 50 day moving average is $157.52 and its 200 day moving average is $154.03. The firm has a market capitalization of $148.80 billion, a price-to-earnings ratio of 12.66 and a beta of 0.88.

International Business Machines Corp. (NYSE:IBM) last announced its quarterly earnings results on Monday, July 18th. The technology company reported $2.95 EPS for the quarter, beating analysts’ consensus estimates of $2.89 by $0.06. The firm earned $20.20 billion during the quarter, compared to analysts’ expectations of $20.03 billion. International Business Machines Corp. had a net margin of 14.86% and a return on equity of 88.92%. The company’s revenue for the quarter was down 2.8% compared to the same quarter last year. During the same quarter last year, the company posted $3.84 earnings per share. Equities research analysts forecast that International Business Machines Corp. will post $13.51 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Saturday, September 10th. Stockholders of record on Wednesday, August 10th were given a $1.40 dividend. The ex-dividend date was Monday, August 8th. This represents a $5.60 dividend on an annualized basis and a dividend yield of 3.60%. International Business Machines Corp.’s dividend payout ratio (DPR) is currently 45.53%.

In other news, insider John E. Kelly III sold 6,698 shares of the business’s stock in a transaction that occurred on Tuesday, August 2nd. The shares were sold at an average price of $160.89, for a total value of $1,077,641.22. Following the transaction, the insider now owns 33,576 shares in the company, valued at approximately $5,402,042.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Robert J. Picciano sold 1,922 shares of the business’s stock in a transaction that occurred on Wednesday, August 31st. The stock was sold at an average price of $159.16, for a total transaction of $305,905.52. Following the completion of the transaction, the insider now owns 35,861 shares in the company, valued at approximately $5,707,636.76. The disclosure for this sale can be found here. 0.08% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently modified their holdings of IBM. Stokes & Hubbell Capital Management LLC increased its position in shares of International Business Machines Corp. by 10.2% in the first quarter. Stokes & Hubbell Capital Management LLC now owns 19,068 shares of the technology company’s stock worth $2,888,000 after buying an additional 1,758 shares during the period. OLD National Bancorp IN increased its position in shares of International Business Machines Corp. by 5.0% in the first quarter. OLD National Bancorp IN now owns 34,936 shares of the technology company’s stock worth $5,291,000 after buying an additional 1,674 shares during the period. Bridges Investment Management Inc. increased its position in shares of International Business Machines Corp. by 33.1% in the first quarter. Bridges Investment Management Inc. now owns 4,575 shares of the technology company’s stock worth $744,000 after buying an additional 1,139 shares during the period. Lodestar Investment Counsel LLC IL increased its position in shares of International Business Machines Corp. by 98.8% in the first quarter. Lodestar Investment Counsel LLC IL now owns 4,135 shares of the technology company’s stock worth $626,000 after buying an additional 2,055 shares during the period. Finally, Headinvest LLC increased its position in shares of International Business Machines Corp. by 5.6% in the first quarter. Headinvest LLC now owns 3,017 shares of the technology company’s stock worth $457,000 after buying an additional 159 shares during the period. Hedge funds and other institutional investors own 57.61% of the company’s stock.

About International Business Machines Corp.

International Business Machines Corporation (IBM) is a technology company. The Company operates through five segments: Global Technology Services (GTS), Global Business Services (GBS), Software, Systems Hardware and Global Financing. The Company’s GTS segment offers services, including strategic outsourcing, integrated technology services, cloud and technology support services (maintenance services).

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