International Business Machines Corp. (NYSE:IBM) had its price objective reduced by Morgan Stanley from $182.00 to $179.00 in a report issued on Tuesday. The firm presently has an “overweight” rating on the technology company’s stock. Morgan Stanley’s price target suggests a potential upside of 15.66% from the stock’s previous close.

IBM has been the subject of a number of other research reports. Cantor Fitzgerald reiterated a “hold” rating on shares of International Business Machines Corp. in a research note on Sunday, July 17th. Standpoint Research cut shares of International Business Machines Corp. from a “buy” rating to a “hold” rating in a research note on Monday, July 25th. Oppenheimer Holdings Inc. assumed coverage on shares of International Business Machines Corp. in a research note on Monday, August 15th. They issued a “market perform” rating for the company. 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 note on Tuesday, July 19th. Finally, Goldman Sachs Group Inc. reiterated a “neutral” rating and issued a $147.00 price objective on shares of International Business Machines Corp. in a research note on Tuesday, July 19th. Three equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and eight have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $154.06.

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

International Business Machines Corp. (NYSE:IBM) opened at 154.77 on Tuesday. 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 cap of $147.94 billion, a P/E ratio of 12.59 and a beta of 0.88. The stock’s 50 day moving average is $156.75 and its 200 day moving average is $154.35.

International Business Machines Corp. (NYSE:IBM) last released its earnings results on Monday, October 17th. The technology company reported $3.29 earnings per share for the quarter, beating analysts’ consensus estimates of $3.24 by $0.05. The business earned $19.23 billion during the quarter, compared to the consensus estimate of $19 billion. International Business Machines Corp. had a net margin of 14.86% and a return on equity of 88.92%. The firm’s revenue for the quarter was down .3% compared to the same quarter last year. During the same quarter last year, the firm earned $3.34 earnings per share. On average, equities analysts forecast that International Business Machines Corp. will post $13.51 earnings per share for the current year.

In other news, insider Robert J. Picciano sold 1,922 shares of the stock in a transaction dated Wednesday, August 31st. The shares were sold at an average price of $159.16, for a total value of $305,905.52. Following the sale, the insider now directly owns 35,861 shares of the company’s stock, valued at $5,707,636.76. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Erich Clementi sold 6,000 shares of the stock in a transaction dated Tuesday, August 23rd. The stock was sold at an average price of $160.28, for a total transaction of $961,680.00. Following the completion of the sale, the insider now directly owns 25,100 shares in the company, valued at $4,023,028. The disclosure for this sale can be found here. 0.08% of the stock is currently owned by insiders.

Several large investors have recently made changes to their positions in IBM. Ronald Blue & Co. LLC increased its stake in shares of International Business Machines Corp. by 3.9% in the third quarter. Ronald Blue & Co. LLC now owns 12,771 shares of the technology company’s stock worth $2,029,000 after buying an additional 479 shares during the last quarter. CWM LLC increased its stake in shares of International Business Machines Corp. by 4.2% in the third quarter. CWM LLC now owns 2,339 shares of the technology company’s stock worth $372,000 after buying an additional 95 shares during the last quarter. Putnam FL Investment Management Co. increased its stake in shares of International Business Machines Corp. by 1.8% in the third quarter. Putnam FL Investment Management Co. now owns 4,174 shares of the technology company’s stock worth $663,000 after buying an additional 73 shares during the last quarter. Financial & Investment Management Group Ltd. increased its stake in shares of International Business Machines Corp. by 0.7% in the third quarter. Financial & Investment Management Group Ltd. now owns 1,934 shares of the technology company’s stock worth $307,000 after buying an additional 13 shares during the last quarter. Finally, Chesley Taft & Associates LLC increased its stake in shares of International Business Machines Corp. by 0.5% in the third quarter. Chesley Taft & Associates LLC now owns 40,653 shares of the technology company’s stock worth $6,458,000 after buying an additional 206 shares during the last quarter. 57.63% of the stock is currently owned by hedge funds and other 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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