Barclays PLC reissued their underweight rating on shares of International Business Machines Corp. (NYSE:IBM) in a research note issued to investors on Tuesday morning. Barclays PLC currently has a $140.00 price target on the technology company’s stock.

A number of other research firms also recently weighed in on IBM. Societe Generale upgraded International Business Machines Corp. from a sell rating to a hold rating in a report on Monday, September 26th. Zacks Investment Research downgraded International Business Machines Corp. from a hold rating to a sell rating in a report on Tuesday, September 20th. Goldman Sachs Group Inc. reiterated a neutral rating and set a $147.00 target price on shares of International Business Machines Corp. in a report on Wednesday, October 12th. Vetr upgraded International Business Machines Corp. from a sell rating to a hold rating and set a $156.55 target price on the stock in a report on Monday, August 29th. Finally, JMP Securities reiterated a buy rating and set a $157.00 target price on shares of International Business Machines Corp. in a report on Thursday, June 23rd. Three research analysts have rated the stock with a sell rating, seventeen have given a hold rating and eight have issued a buy rating to the company. The company currently 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. The stock had a trading volume of 1,374,434 shares. International Business Machines Corp. has a 1-year low of $116.90 and a 1-year high of $165.00. The stock has a 50 day moving average price of $156.49 and a 200 day moving average price of $154.34. The company 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. (NYSE:IBM) last announced its quarterly earnings results on Monday, October 17th. The technology company reported $3.29 earnings per share (EPS) for the quarter, beating 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 company had revenue of $19.23 billion for the quarter, compared to the consensus estimate of $19 billion. During the same quarter in the previous year, the business earned $3.34 EPS. International Business Machines Corp.’s revenue 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 EPS for the current fiscal year.

In related news, insider Robert J. Leblanc sold 15,708 shares of the firm’s 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 transaction, the insider now directly owns 61,374 shares of the company’s stock, valued at approximately $9,957,931.50. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Erich Clementi sold 2,984 shares of the firm’s stock in a transaction on Thursday, August 25th. The stock was sold at an average price of $159.00, for a total value of $474,456.00. Following the completion of the transaction, the insider now directly owns 22,531 shares in the company, valued at $3,582,429. The disclosure for this sale can be found here. 0.08% of the stock is owned by corporate insiders.

A number of institutional investors have recently made changes to their positions in IBM. Sun Life Financial INC acquired a new stake in shares of International Business Machines Corp. during the first quarter worth about $45,284,000. Roble Belko & Company Inc raised its stake in shares of International Business Machines Corp. by 2.9% in the second quarter. Roble Belko & Company Inc now owns 674 shares of the technology company’s stock worth $102,000 after buying an additional 19 shares during the last quarter. Thomas J. Herzfeld Advisors Inc. acquired a new stake in shares of International Business Machines Corp. during the second quarter worth about $105,000. Cypress Capital Management LLC WY acquired a new stake in shares of International Business Machines Corp. during the second quarter worth about $107,000. Finally, 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 last quarter. 57.63% of the stock is currently owned by 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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