Citigroup Inc. reiterated their neutral rating on shares of International Business Machines Corp. (NYSE:IBM) in a research report report published on Tuesday morning. They currently have a $160.00 target price on the technology company’s stock.

Several other equities research analysts have also recently weighed in on the company. Societe Generale set a $160.00 price target on International Business Machines Corp. and gave the company a neutral rating in a research note on Tuesday, September 27th. Credit Suisse Group AG reissued a sell rating on shares of International Business Machines Corp. in a research note on Wednesday, July 13th. Cantor Fitzgerald reissued a hold rating and issued a $135.00 price target on shares of International Business Machines Corp. in a research note on Wednesday, July 6th. Zacks Investment Research raised International Business Machines Corp. from a sell rating to a hold rating in a research note on Monday, September 26th. Finally, Morgan Stanley decreased their price target on International Business Machines Corp. from $182.00 to $179.00 and set an overweight rating for the company in a research note on Tuesday. Three investment 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. The company presently has an average rating of Hold and a consensus target price of $154.26.

International Business Machines Corp. (NYSE:IBM) traded up 1.05% during midday trading on Tuesday, reaching $152.30. The company’s stock had a trading volume of 1,374,434 shares. The firm has a 50 day moving average of $156.49 and a 200 day moving average of $154.34. The firm has a market cap of $145.58 billion, a P/E ratio of 12.39 and a beta of 0.88. International Business Machines Corp. has a 52-week low of $116.90 and a 52-week high of $165.00.

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 for the quarter, beating the consensus estimate of $3.24 by $0.05. The company earned $19.23 billion during the quarter, compared to analysts’ expectations of $19 billion. International Business Machines Corp. had a return on equity of 85.64% and a net margin of 14.75%. The business’s quarterly revenue was down .3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.34 earnings per share. Analysts anticipate that International Business Machines Corp. will post $13.51 earnings per share for the current fiscal year.

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 transaction of $1,077,641.22. Following the sale, the insider now directly owns 33,576 shares in the company, 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. Leblanc sold 15,708 shares of International Business Machines Corp. stock in a transaction 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 sale, the insider now owns 61,374 shares in the company, valued at $9,957,931.50. The disclosure for this sale can be found here. 0.08% of the stock is owned by insiders.

A number of hedge funds have recently modified their holdings of IBM. Jackson Grant Investment Advisers Inc. raised its stake in shares of International Business Machines Corp. by 0.7% in the second quarter. Jackson Grant Investment Advisers Inc. now owns 726 shares of the technology company’s stock worth $110,000 after buying an additional 5 shares during the period. Round Table Services LLC raised its stake in shares of International Business Machines Corp. by 0.4% in the second quarter. Round Table Services LLC now owns 1,620 shares of the technology company’s stock worth $246,000 after buying an additional 6 shares during the period. Nadler Financial Group Inc. raised its stake in shares of International Business Machines Corp. by 0.4% in the second quarter. Nadler Financial Group Inc. now owns 2,243 shares of the technology company’s stock worth $340,000 after buying an additional 8 shares during the period. Financial & Investment Management Group Ltd. raised 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 period. Finally, Rench Wealth Management Inc. raised its stake in shares of International Business Machines Corp. by 1.0% in the second quarter. Rench Wealth Management Inc. now owns 1,436 shares of the technology company’s stock worth $218,000 after buying an additional 14 shares during the period. Institutional investors and hedge funds 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

Receive News & Stock Ratings for International Business Machines Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for International Business Machines Corp. and related stocks with our FREE daily email newsletter.