International Business Machines Corp. (NYSE:IBM) was upgraded by stock analysts at Bank of America Corp. from a “neutral” rating to a “buy” rating in a research report issued on Thursday. The brokerage presently has a $185.00 price target on the technology company’s stock, up from their previous price target of $170.00. Bank of America Corp.’s price objective would indicate a potential upside of 14.71% from the company’s current price.

A number of other analysts have also commented on IBM. Morgan Stanley reiterated a “buy” rating and issued a $168.00 price objective on shares of International Business Machines Corp. in a research report on Sunday, July 17th. Cantor Fitzgerald restated a “hold” rating on shares of International Business Machines Corp. in a report on Sunday, July 17th. Barclays PLC restated a “sell” rating on shares of International Business Machines Corp. in a report on Sunday, July 17th. Deutsche Bank AG raised their target price on International Business Machines Corp. from $135.00 to $145.00 and gave the stock a “hold” rating in a report on Tuesday, July 19th. Finally, Credit Suisse Group AG restated an “underperform” rating and set a $110.00 target price on shares of International Business Machines Corp. in a report on Saturday, September 3rd. Three research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and eight have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $156.04.

Analyst Recommendations for International Business Machines Corp. (NYSE:IBM)

International Business Machines Corp. (NYSE:IBM) opened at 161.27 on Thursday. The company has a 50-day moving average price of $154.62 and a 200-day moving average price of $154.77. The firm has a market cap of $153.34 billion, a P/E ratio of 13.14 and a beta of 0.94. International Business Machines Corp. has a 12-month low of $116.90 and a 12-month high of $165.00.

International Business Machines Corp. (NYSE:IBM) last announced its quarterly earnings data on Monday, October 17th. The technology company reported $3.29 EPS for the quarter, topping 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 return on equity of 82.86% and a net margin of 14.75%. The company’s revenue was down .3% on a year-over-year basis. During the same period last year, the company earned $3.34 earnings per share. On average, analysts predict that International Business Machines Corp. will post $13.50 earnings per share for the current year.

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

In other news, Director David N. Farr bought 1,300 shares of the stock in a transaction on Tuesday, October 25th. The stock was acquired at an average price of $149.93 per share, with a total value of $194,909.00. Following the acquisition, the director now directly owns 3,758 shares in the company, valued at $563,436.94. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Kralingen Bridget A. Van sold 850 shares of the company’s stock in a transaction dated Tuesday, November 8th. The stock was sold at an average price of $155.53, for a total value of $132,200.50. Following the completion of the transaction, the insider now directly owns 5,984 shares of the company’s stock, valued at approximately $930,691.52. The disclosure for this sale can be found here. 0.08% of the stock is owned by company insiders.

A number of institutional investors have recently modified their holdings of the company. Roble Belko & Company Inc boosted its position 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. bought a new stake in shares of International Business Machines Corp. during the second quarter valued at $105,000. Cypress Capital Management LLC WY bought a new stake in shares of International Business Machines Corp. during the second quarter valued at $107,000. Jackson Grant Investment Advisers Inc. boosted 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 valued at $110,000 after buying an additional 5 shares during the last quarter. Finally, Americafirst Capital Management LLC bought a new stake in shares of International Business Machines Corp. during the second quarter valued at $120,000. 58.19% of the stock is owned by institutional investors and hedge funds.

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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