International Business Machines Corp. (NYSE:IBM) has been given a $185.00 target price by research analysts at Bank of America Corp. in a report released on Monday. The brokerage currently has a “buy” rating on the technology company’s stock. Bank of America Corp.’s target price would indicate a potential upside of 13.73% from the stock’s current price.

IBM has been the topic of several other research reports. Standpoint Research lowered shares of International Business Machines Corp. from a “buy” rating to a “hold” rating in a report on Monday, July 25th. Cantor Fitzgerald restated a “hold” rating on shares of International Business Machines Corp. in a report on Monday, August 8th. Drexel Hamilton restated a “buy” rating and issued a $186.00 target price on shares of International Business Machines Corp. in a report on Monday, August 15th. Oppenheimer Holdings Inc. initiated coverage on shares of International Business Machines Corp. in a report on Monday, August 15th. They issued a “market perform” rating on the stock. Finally, Vetr lowered shares of International Business Machines Corp. from a “hold” rating to a “sell” rating and set a $155.84 target price on the stock. in a report on Wednesday, September 7th. Three equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and eight have given a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $156.04.

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

International Business Machines Corp. (NYSE:IBM) opened at 162.67 on Monday. The firm’s 50-day moving average price is $155.27 and its 200-day moving average price is $155.57. The company has a market cap of $154.68 billion, a PE ratio of 13.25 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 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. The company had revenue of $19.23 billion for 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 previous year, the business earned $3.34 earnings per share. Equities research analysts forecast that International Business Machines Corp. will post $13.50 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Saturday, December 10th. Investors of record on Thursday, November 10th will be issued a dividend of $1.40 per share. This represents a $5.60 dividend on an annualized basis and a yield of 3.44%. The ex-dividend date is Tuesday, November 8th. International Business Machines Corp.’s dividend payout ratio (DPR) is presently 45.64%.

In related news, insider Robert J. Picciano sold 1,922 shares of the company’s stock in a transaction that occurred on Wednesday, August 31st. The shares were sold at an average price of $159.16, for a total transaction of $305,905.52. Following the sale, the insider now owns 35,861 shares of the company’s stock, valued at approximately $5,707,636.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jon C. Iwata sold 19,866 shares of the company’s stock in a transaction that occurred on Tuesday, November 15th. The stock was sold at an average price of $158.63, for a total transaction of $3,151,343.58. Following the sale, the insider now directly owns 54,719 shares in the company, valued at approximately $8,680,074.97. 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 company. Roble Belko & Company Inc raised 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 position in shares of International Business Machines Corp. during the second quarter worth approximately $105,000. Cypress Capital Management LLC WY bought a new position in shares of International Business Machines Corp. during the second quarter worth approximately $107,000. Kernodle & Katon Asset Management Group LLC raised its position in shares of International Business Machines Corp. by 5.2% in the third quarter. Kernodle & Katon Asset Management Group LLC now owns 687 shares of the technology company’s stock worth $109,000 after buying an additional 34 shares during the last quarter. Finally, Jackson Grant Investment Advisers Inc. raised its position 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. 58.49% of the stock is currently owned by hedge funds and other institutional investors.

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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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