Shares of International Business Machines Corp. (NYSE:IBM) have been assigned an average recommendation of “Hold” from the twenty-seven ratings firms that are currently covering the firm. Three investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and eight have issued a buy rating on the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $154.81.

A number of equities analysts recently issued reports on IBM shares. 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 for the company in a research report on Monday, July 18th. Morgan Stanley reiterated a “buy” rating and issued a $168.00 target price on shares of International Business Machines Corp. in a research report on Sunday, July 17th. Drexel Hamilton reiterated a “buy” rating and issued a $186.00 target price on shares of International Business Machines Corp. in a research report on Monday, August 15th. Vetr upgraded shares of International Business Machines Corp. from a “hold” rating to a “buy” rating and set a $162.03 price objective for the company in a research report on Wednesday, September 14th. Finally, Bank of America Corp. upgraded shares of International Business Machines Corp. from a “neutral” rating to a “buy” rating and raised their price objective for the company from $170.00 to $185.00 in a research report on Thursday.

In other International Business Machines Corp. news, Director David N. Farr purchased 1,300 shares of the firm’s stock in a transaction on Tuesday, October 25th. The shares were purchased at an average price of $149.93 per share, for a total transaction of $194,909.00. Following the completion of the purchase, the director now directly owns 3,758 shares of the company’s stock, valued at $563,436.94. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Kralingen Bridget A. Van sold 330 shares of International Business Machines Corp. stock in a transaction on Thursday, October 20th. The stock was sold at an average price of $152.05, for a total transaction of $50,176.50. Following the sale, the insider now owns 6,977 shares in the company, valued at approximately $1,060,852.85. The disclosure for this sale can be found here. 0.08% of the stock is currently owned by insiders.

Large investors have recently bought and sold shares of the company. Sun Life Financial INC acquired a new stake in International Business Machines Corp. during the first quarter worth $45,284,000. Roble Belko & Company Inc increased its stake in 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 in the last quarter. Thomas J. Herzfeld Advisors Inc. acquired a new stake in International Business Machines Corp. during the second quarter worth $105,000. Cypress Capital Management LLC WY acquired a new stake in International Business Machines Corp. during the second quarter worth $107,000. Finally, Jackson Grant Investment Advisers Inc. increased its stake in 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 in the last quarter. Hedge funds and other institutional investors own 57.82% of the company’s stock.

International Business Machines Corp. (NYSE:IBM) opened at 161.27 on Tuesday. The firm has a market cap of $153.34 billion, a price-to-earnings ratio of 13.14 and a beta of 0.94. International Business Machines Corp. has a 52-week low of $116.90 and a 52-week high of $165.00. The stock has a 50 day moving average of $154.62 and a 200-day moving average of $154.77.

International Business Machines Corp. (NYSE:IBM) last announced its earnings results on Monday, October 17th. The technology company reported $3.29 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $3.24 by $0.05. The firm earned $19.23 billion during the quarter, compared to analyst estimates of $19 billion. International Business Machines Corp. had a net margin of 14.75% and a return on equity of 82.86%. International Business Machines Corp.’s revenue was down .3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.34 EPS. On average, analysts expect that International Business Machines Corp. will post $13.50 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, December 10th. Stockholders of record on Thursday, November 10th will be paid a $1.40 dividend. The ex-dividend date is Tuesday, November 8th. This represents a $5.60 annualized dividend and a dividend yield of 3.47%. International Business Machines Corp.’s payout ratio is 45.64%.

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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