Jefferies Group reaffirmed their sell rating on shares of International Business Machines Corp. (NYSE:IBM) in a research note issued to investors on Tuesday morning. Jefferies Group currently has a $125.00 price objective on the technology company’s stock.

A number of other analysts have also recently commented on the company. Societe Generale set a $160.00 price target on International Business Machines Corp. and gave the stock a neutral rating in a research report on Tuesday, September 27th. Credit Suisse Group AG reissued a sell rating on shares of International Business Machines Corp. in a research report 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 report on Wednesday, July 6th. Zacks Investment Research raised International Business Machines Corp. from a sell rating to a hold rating in a research report on Monday, September 26th. Finally, Citigroup Inc. boosted their price target on International Business Machines Corp. from $140.00 to $160.00 and gave the stock a neutral rating in a research report on Tuesday, July 19th. Three investment 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. International Business Machines Corp. presently has an average rating of Hold and a consensus price target of $154.26.

International Business Machines Corp. (NYSE:IBM) traded up 1.04% during mid-day trading on Tuesday, reaching $152.28. The company’s stock had a trading volume of 1,374,099 shares. International Business Machines Corp. has a 12-month low of $116.90 and a 12-month high of $165.00. The firm has a market cap of $145.56 billion, a PE ratio of 12.38 and a beta of 0.88. The company has a 50-day moving average price of $156.49 and a 200-day moving average price of $154.34.

International Business Machines Corp. (NYSE:IBM) last issued its quarterly earnings results on Monday, October 17th. The technology company reported $3.29 EPS for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $19 billion. During the same period in the previous year, the firm posted $3.34 EPS. The business’s revenue for the quarter was down .3% compared to the same quarter last year. On average, equities research analysts expect that International Business Machines Corp. will post $13.51 earnings per share for the current year.

In related news, insider Robert J. Leblanc sold 15,708 shares of International Business Machines Corp. stock in a transaction that occurred on Tuesday, August 9th. The shares were sold at an average price of $162.25, for a total transaction of $2,548,623.00. Following the transaction, the insider now directly owns 61,374 shares of the company’s stock, valued at $9,957,931.50. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider John E. Kelly III sold 6,698 shares of International Business Machines Corp. stock in a transaction that occurred on Tuesday, August 2nd. The shares were sold at an average price of $160.89, for a total transaction of $1,077,641.22. Following the transaction, the insider now directly owns 33,576 shares in the company, valued at $5,402,042.64. The disclosure for this sale can be found here. Corporate insiders own 0.08% of the company’s stock.

Institutional investors have recently modified their holdings of the stock. HL Financial Services LLC raised its position in shares of 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 valued at $61,674,000 after buying an additional 4,564 shares during the last quarter. CIBC World Markets Inc. raised its position 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 valued at $12,482,000 after buying an additional 3,481 shares in the last quarter. Country Club Trust Company n.a. raised its position 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 valued at $15,533,000 after buying an additional 5,182 shares in the last quarter. Robeco Institutional Asset Management B.V. raised its position 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 valued at $10,877,000 after buying an additional 5,843 shares in the last quarter. Finally, Montag A & Associates Inc. raised its position 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 valued at $6,649,000 after buying an additional 553 shares in the last quarter. 57.63% of the stock is currently owned by institutional investors.

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).

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