International Business Machines Corp. (NYSE:IBM) – Research analysts at Credit Agricole SA dropped their Q4 2016 earnings per share (EPS) estimates for shares of International Business Machines Corp. in a research note issued to investors on Tuesday. Credit Agricole SA analyst L. Miscioscia now expects that the brokerage will post earnings of $4.88 per share for the quarter, down from their prior forecast of $5.04. Credit Agricole SA also issued estimates for International Business Machines Corp.’s Q1 2017 earnings at $2.50 EPS, Q2 2017 earnings at $3.43 EPS, Q3 2017 earnings at $3.30 EPS and Q4 2017 earnings at $4.87 EPS.

Other equities research analysts have also issued reports about the stock. Drexel Hamilton reiterated a “buy” rating and issued a $166.00 price objective on shares of International Business Machines Corp. in a research report on Friday, July 15th. JMP Securities restated a “buy” rating and issued a $157.00 target price on shares of International Business Machines Corp. in a report on Thursday, June 23rd. Vetr upgraded shares of International Business Machines Corp. from a “hold” rating to a “buy” rating and set a $153.81 target price on the stock in a report on Monday, June 27th. Morgan Stanley restated a “buy” rating and issued a $168.00 target price on shares of International Business Machines Corp. in a report on Sunday, July 17th. Finally, Zacks Investment Research upgraded shares of International Business Machines Corp. from a “hold” rating to a “buy” rating and set a $179.00 target price on the stock in a report on Monday, July 18th. Three equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and eight have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $154.26.

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

International Business Machines Corp. (NYSE:IBM) traded up 0.52% on Wednesday, hitting $151.51. 2,981,365 shares of the stock traded hands. The stock has a market cap of $144.82 billion, a price-to-earnings ratio of 12.32 and a beta of 0.88. International Business Machines Corp. has a 12-month low of $116.90 and a 12-month high of $165.00. The firm’s 50-day moving average price is $156.49 and its 200-day moving average price is $154.34.

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

Several institutional investors have recently added to or reduced their stakes in IBM. Augustine Asset Management Inc. raised its position in International Business Machines Corp. by 5.6% in the first quarter. Augustine Asset Management Inc. now owns 65,879 shares of the technology company’s stock worth $9,614,000 after buying an additional 3,495 shares during the period. Hyman Charles D bought a new position in International Business Machines Corp. during the first quarter worth $9,160,000. Torray LLC raised its position in International Business Machines Corp. by 0.7% in the first quarter. Torray LLC now owns 90,266 shares of the technology company’s stock worth $13,671,000 after buying an additional 605 shares during the period. MCF Advisors LLC raised its position in International Business Machines Corp. by 54.7% in the first quarter. MCF Advisors LLC now owns 1,892 shares of the technology company’s stock worth $287,000 after buying an additional 669 shares during the period. Finally, Brick & Kyle Associates raised its position in International Business Machines Corp. by 19.6% in the first quarter. Brick & Kyle Associates now owns 2,444 shares of the technology company’s stock worth $370,000 after buying an additional 400 shares during the period. Institutional investors and hedge funds own 57.63% of the company’s stock.

In related news, insider Robert J. Picciano sold 1,922 shares of the 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 transaction, the insider now owns 35,861 shares in the company, valued at approximately $5,707,636.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Robert J. Leblanc sold 15,708 shares of the stock in a transaction on Tuesday, August 9th. The shares were sold at an average price of $162.25, for a total value of $2,548,623.00. Following the completion of the transaction, the insider now owns 61,374 shares of the company’s stock, valued at approximately $9,957,931.50. The disclosure for this sale can be found here. 0.08% of the stock is owned by corporate insiders.

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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