Goldman Sachs Group Inc. reissued their neutral rating on shares of International Business Machines Corp. (NYSE:IBM) in a research note released on Wednesday. They currently have a $147.00 target price on the technology company’s stock.

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

Shares of International Business Machines Corp. (NYSE:IBM) traded down 1.06% on Wednesday, reaching $152.65. 994,296 shares of the company’s stock were exchanged. The firm’s 50 day moving average price is $157.12 and its 200-day moving average price is $154.21. International Business Machines Corp. has a 12 month low of $116.90 and a 12 month high of $165.00. The company has a market capitalization of $145.91 billion, a P/E ratio of 12.41 and a beta of 0.88.

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

In other International Business Machines Corp. news, insider Robert J. Picciano sold 1,922 shares of the company’s stock in a transaction dated Wednesday, August 31st. The stock was sold at an average price of $159.16, for a total value of $305,905.52. Following the completion of the transaction, the insider now owns 35,861 shares of the company’s stock, valued at approximately $5,707,636.76. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Erich Clementi sold 2,984 shares of the company’s stock in a transaction dated Thursday, August 25th. The stock was sold at an average price of $159.00, for a total value of $474,456.00. Following the completion of the transaction, the insider now directly owns 22,531 shares of the company’s stock, valued at approximately $3,582,429. The disclosure for this sale can be found here. Insiders own 0.08% of the company’s stock.

Several large investors have recently modified their holdings of the stock. Vanguard Group Inc. boosted its stake in shares of International Business Machines Corp. by 2.2% in the second quarter. Vanguard Group Inc. now owns 55,476,336 shares of the technology company’s stock valued at $8,420,198,000 after buying an additional 1,216,940 shares during the last quarter. State Street Corp raised its stake in shares of International Business Machines Corp. by 2.5% in the first quarter. State Street Corp now owns 50,852,184 shares of the technology company’s stock valued at $7,701,559,000 after buying an additional 1,230,826 shares during the last quarter. BlackRock Institutional Trust Company N.A. raised its stake in shares of International Business Machines Corp. by 0.3% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 23,262,068 shares of the technology company’s stock valued at $3,523,040,000 after buying an additional 62,326 shares during the last quarter. BlackRock Fund Advisors raised its stake in shares of International Business Machines Corp. by 6.4% in the second quarter. BlackRock Fund Advisors now owns 13,451,769 shares of the technology company’s stock valued at $2,041,709,000 after buying an additional 806,207 shares during the last quarter. Finally, BlackRock Group LTD raised its stake in shares of International Business Machines Corp. by 1.0% in the first quarter. BlackRock Group LTD now owns 7,444,327 shares of the technology company’s stock valued at $1,127,444,000 after buying an additional 74,181 shares during the last quarter. 57.61% of the stock is owned by institutional investors.

International Business Machines Corp. Company Profile

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).

5 Day Chart for NYSE:IBM

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