Credit Suisse Group AG reaffirmed their underperform rating on shares of International Business Machines Corp. (NYSE:IBM) in a research note released on Tuesday morning. The firm currently has a $110.00 target price on the technology company’s stock.

Several other research analysts also recently issued reports on IBM. Zacks Investment Research downgraded shares of International Business Machines Corp. from a hold rating to a sell rating in a research report on Tuesday, June 21st. JMP Securities reissued a buy rating and set a $157.00 price objective on shares of International Business Machines Corp. in a research report on Thursday, June 23rd. Vetr raised shares of International Business Machines Corp. from a hold rating to a buy rating and set a $153.81 price objective on the stock in a research report on Monday, June 27th. Morgan Stanley reissued an overweight rating on shares of International Business Machines Corp. in a research report on Wednesday, June 29th. Finally, Cantor Fitzgerald reissued a hold rating and set a $135.00 price objective on shares of International Business Machines Corp. in a research report on Wednesday, July 6th. Three analysts have rated the stock with a sell rating, seventeen have issued a hold rating and eight have assigned a buy rating to the company’s stock. International Business Machines Corp. has a consensus rating of Hold and an average price target of $154.26.

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

International Business Machines Corp. (NYSE:IBM) traded up 1.05% on Tuesday, hitting $152.30. 1,374,434 shares of the company traded hands. The stock’s 50-day moving average is $156.49 and its 200 day moving average is $154.34. International Business Machines Corp. has a 12 month low of $116.90 and a 12 month high of $165.00. The stock has a market cap of $145.58 billion, a PE ratio of 12.39 and a beta of 0.88.

International Business Machines Corp. (NYSE:IBM) last posted its earnings results on Monday, October 17th. The technology company reported $3.29 EPS for the quarter, beating the Zacks’ consensus estimate of $3.24 by $0.05. The firm had revenue of $19.23 billion for the quarter, compared to the consensus estimate of $19 billion. International Business Machines Corp. had a net margin of 14.75% and a return on equity of 85.64%. The company’s revenue was down .3% on a year-over-year basis. During the same period last year, the firm posted $3.34 EPS. Equities research analysts expect that International Business Machines Corp. will post $13.51 earnings per share for the current fiscal year.

In related news, insider Erich Clementi sold 6,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 23rd. The shares were sold at an average price of $160.28, for a total value 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 transaction was disclosed in a legal filing with the SEC, which is available 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 shares were sold at an average price of $159.16, for a total transaction of $305,905.52. Following the completion of the sale, the insider now owns 35,861 shares of the company’s stock, valued at $5,707,636.76. The disclosure for this sale can be found here. Insiders own 0.08% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in IBM. HL Financial Services LLC increased its stake in International Business Machines Corp. by 1.1% in the second quarter. HL Financial Services LLC now owns 406,336 shares of the technology company’s stock worth $61,674,000 after buying an additional 4,564 shares during the last quarter. CIBC World Markets Inc. increased its stake in International Business Machines Corp. by 4.4% in the second quarter. CIBC World Markets Inc. now owns 82,236 shares of the technology company’s stock worth $12,482,000 after buying an additional 3,481 shares during the last quarter. Country Club Trust Company n.a. increased its stake in International Business Machines Corp. by 5.3% in the second quarter. Country Club Trust Company n.a. now owns 102,339 shares of the technology company’s stock worth $15,533,000 after buying an additional 5,182 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its stake in International Business Machines Corp. by 8.9% in the second quarter. Robeco Institutional Asset Management B.V. now owns 71,658 shares of the technology company’s stock worth $10,877,000 after buying an additional 5,843 shares during the last quarter. Finally, Montag A & Associates Inc. increased its stake in International Business Machines Corp. by 1.3% in the second quarter. Montag A & Associates Inc. now owns 43,807 shares of the technology company’s stock worth $6,649,000 after buying an additional 553 shares during the last quarter. Hedge funds and other institutional investors own 57.63% 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).

5 Day Chart for NYSE:IBM

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