International Business Machines Corp. (NYSE:IBM) announced its quarterly earnings data on Monday. The technology company reported $3.29 EPS for the quarter, topping the Zacks’ consensus estimate of $3.24 by $0.05. The firm earned $19.23 billion during the quarter, compared to analyst estimates of $19 billion. International Business Machines Corp. had a return on equity of 88.92% and a net margin of 14.86%. The company’s revenue was down .3% on a year-over-year basis. During the same period last year, the company earned $3.34 earnings per share. International Business Machines Corp. updated its FY16 guidance to at least $13.50 EPS.

Shares of International Business Machines Corp. (NYSE:IBM) traded up 0.21% on Monday, reaching $154.77. The company’s stock had a trading volume of 5,758,621 shares. International Business Machines Corp. has a 52-week low of $116.90 and a 52-week high of $165.00. The firm’s 50 day moving average is $156.85 and its 200-day moving average is $154.25. The stock has a market cap of $147.94 billion, a P/E ratio of 12.59 and a beta of 0.88.

Earnings History for International Business Machines Corp. (NYSE:IBM)

A number of analysts recently commented on the company. Morgan Stanley reiterated a “buy” rating and issued a $168.00 price objective on shares of International Business Machines Corp. in a research report on Sunday, July 17th. Cantor Fitzgerald reiterated a “hold” rating on shares of International Business Machines Corp. in a research report on Sunday, July 17th. Standpoint Research lowered International Business Machines Corp. from a “buy” rating to a “hold” rating in a research report on Monday, July 25th. Oppenheimer Holdings Inc. assumed coverage on International Business Machines Corp. in a research report on Monday, August 15th. They issued a “market perform” rating for the company. Finally, Credit Suisse Group AG reiterated an “underperform” rating and issued a $110.00 price objective on shares of International Business Machines Corp. in a research report on Tuesday, July 19th. Three equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating and eight have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $154.47.

In other news, insider Robert J. Leblanc sold 15,708 shares of the firm’s stock in a transaction that occurred on Tuesday, August 9th. The stock was sold at an average price of $162.25, for a total value of $2,548,623.00. Following the transaction, the insider now owns 61,374 shares in the company, valued at $9,957,931.50. The transaction 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 firm’s stock in a transaction that occurred on Wednesday, August 31st. The shares were 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 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 owned by company insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Arvest Bank Trust Division raised its position in International Business Machines Corp. by 0.6% in the second quarter. Arvest Bank Trust Division now owns 83,295 shares of the technology company’s stock worth $12,642,000 after buying an additional 526 shares in the last quarter. Stonebridge Capital Advisors LLC raised its position in International Business Machines Corp. by 3.0% in the second quarter. Stonebridge Capital Advisors LLC now owns 14,197 shares of the technology company’s stock worth $2,155,000 after buying an additional 416 shares in the last quarter. Krilogy Financial LLC raised its position in International Business Machines Corp. by 8.2% in the second quarter. Krilogy Financial LLC now owns 3,032 shares of the technology company’s stock worth $460,000 after buying an additional 229 shares in the last quarter. Amalgamated Bank raised its position in International Business Machines Corp. by 95.2% in the second quarter. Amalgamated Bank now owns 66,987 shares of the technology company’s stock worth $10,954,000 after buying an additional 32,665 shares in the last quarter. Finally, Fiera Capital Corp raised its stake in shares of International Business Machines Corp. by 1.0% in the second quarter. Fiera Capital Corp now owns 19,322 shares of the technology company’s stock worth $2,932,000 after buying an additional 200 shares during the period. Institutional investors own 57.63% of the company’s stock.

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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