International Business Machines Corp. (NYSE:IBM) – Oppenheimer Holdings decreased their FY2016 EPS estimates for International Business Machines Corp. in a report issued on Monday. Oppenheimer Holdings analyst I. Kidron now anticipates that the firm will post earnings per share of $13.52 for the year, down from their prior forecast of $13.57. Oppenheimer Holdings has a “Market Perform” rating on the stock. Oppenheimer Holdings also issued estimates for International Business Machines Corp.’s Q1 2017 earnings at $2.50 EPS, Q2 2017 earnings at $3.26 EPS, Q3 2017 earnings at $3.41 EPS, Q4 2017 earnings at $4.84 EPS, FY2017 earnings at $14.00 EPS and FY2018 earnings at $14.55 EPS.

Several other brokerages have also commented on IBM. Vetr upgraded International Business Machines Corp. from a “sell” rating to a “hold” rating and set a $156.55 price objective on the stock in a research report on Monday, August 29th. Cantor Fitzgerald reiterated a “hold” rating and set a $162.00 price objective on shares of International Business Machines Corp. in a research report on Monday, September 12th. Drexel Hamilton reiterated a “buy” rating and set a $186.00 price objective on shares of International Business Machines Corp. in a research report on Tuesday. Societe Generale upgraded International Business Machines Corp. from a “sell” rating to a “hold” rating in a research report on Monday, September 26th. Finally, Morgan Stanley reduced their price objective on International Business Machines Corp. from $182.00 to $179.00 and set an “overweight” rating on the stock in a research report on Tuesday. Three investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and eight have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $154.26.

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

Shares of International Business Machines Corp. (NYSE:IBM) traded up 0.4462% during trading on Wednesday, reaching $151.3925. The company’s stock had a trading volume of 2,812,209 shares. International Business Machines Corp. has a 52-week low of $116.90 and a 52-week high of $165.00. The stock’s 50 day moving average price is $156.49 and its 200-day moving average price is $154.34. The stock has a market cap of $144.71 billion, a price-to-earnings ratio of 12.3113 and a beta of 0.88.

International Business Machines Corp. (NYSE:IBM) last issued its quarterly earnings results on Monday, October 17th. The technology company reported $3.29 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $3.24 by $0.05. International Business Machines Corp. had a return on equity of 85.64% and a net margin of 14.75%. The firm had revenue of $19.23 billion for the quarter, compared to analyst estimates of $19 billion. During the same period in the previous year, the firm earned $3.34 earnings per share. The company’s revenue was down .3% compared to the same quarter last year.

Several hedge funds have recently modified their holdings of IBM. Trust Co raised its stake in shares of International Business Machines Corp. by 1.2% in the second quarter. Trust Co now owns 27,776 shares of the technology company’s stock valued at $4,216,000 after buying an additional 342 shares during the last quarter. Smith Chas P & Associates PA Cpas raised its stake in International Business Machines Corp. by 24.4% in the third quarter. Smith Chas P & Associates PA Cpas now owns 2,914 shares of the technology company’s stock valued at $474,000 after buying an additional 571 shares in the last quarter. Somerset Trust Co raised its stake in International Business Machines Corp. by 3.8% in the third quarter. Somerset Trust Co now owns 6,351 shares of the technology company’s stock valued at $1,008,000 after buying an additional 230 shares in the last quarter. MAI Capital Management raised its stake in International Business Machines Corp. by 9.1% in the third quarter. MAI Capital Management now owns 10,958 shares of the technology company’s stock valued at $1,741,000 after buying an additional 910 shares in the last quarter. Finally, Mitchell Mcleod Pugh & Williams Inc. raised its stake in International Business Machines Corp. by 0.7% in the third quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 5,648 shares of the technology company’s stock valued at $897,000 after buying an additional 41 shares in the last quarter. 57.63% of the stock is owned by institutional investors.

In related news, insider John E. Kelly III sold 6,698 shares of International Business Machines Corp. stock in a transaction on Tuesday, August 2nd. The stock was sold at an average price of $160.89, for a total value of $1,077,641.22. Following the completion of the sale, the insider now owns 33,576 shares of the company’s stock, valued at $5,402,042.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Robert J. Picciano sold 1,922 shares of International Business Machines Corp. stock in a transaction on 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 sale, the insider now directly owns 35,861 shares of the company’s stock, valued at approximately $5,707,636.76. The disclosure for this sale can be found here. 0.08% of the stock is owned by corporate insiders.

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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