International Business Machines Corp. (NYSE:IBM)‘s stock had its “underperform” rating reiterated by stock analysts at Jefferies Group in a research report issued on Thursday.

Other equities research analysts have also issued research reports about the company. Vetr upgraded International Business Machines Corp. from a “sell” rating to a “hold” rating and set a $156.55 price target on the stock in a research note on Monday, August 29th. Cantor Fitzgerald restated a “hold” rating and set a $162.00 price target on shares of International Business Machines Corp. in a research note on Monday, September 12th. Bank of America Corp. set a $185.00 price target on International Business Machines Corp. and gave the stock a “buy” rating in a research note on Monday, November 21st. Drexel Hamilton restated a “buy” rating and set a $186.00 price target on shares of International Business Machines Corp. in a research note on Tuesday, October 18th. Finally, Societe Generale upgraded International Business Machines Corp. from a “sell” rating to a “hold” rating in a research note on Monday, September 26th. Three analysts have rated the stock with a sell rating, sixteen have issued a hold rating and eight have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $156.04.

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

Shares of International Business Machines Corp. (NYSE:IBM) opened at 162.22 on Thursday. The firm’s 50-day moving average is $155.81 and its 200-day moving average is $155.94. International Business Machines Corp. has a 1-year low of $116.90 and a 1-year high of $165.00. The company has a market cap of $154.25 billion, a PE ratio of 13.22 and a beta of 0.94.

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

The business 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. This represents a $5.60 annualized dividend and a yield of 3.45%. The ex-dividend date of this dividend is Tuesday, November 8th. International Business Machines Corp.’s payout ratio is currently 45.64%.

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In other International Business Machines Corp. news, insider Kralingen Bridget A. Van sold 665 shares of the company’s stock in a transaction on Tuesday, October 25th. The stock was sold at an average price of $150.80, for a total value of $100,282.00. Following the completion of the sale, the insider now directly owns 6,812 shares in the company, valued at approximately $1,027,249.60. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Kralingen Bridget A. Van sold 330 shares of the company’s stock in a transaction on Thursday, October 20th. The shares were sold at an average price of $152.05, for a total value of $50,176.50. Following the completion of the sale, the insider now owns 6,977 shares of the company’s stock, valued at $1,060,852.85. The disclosure for this sale can be found here. 0.08% of the stock is owned by company insiders.

Hedge funds have recently modified their holdings of the stock. Stillwater Investment Management LLC boosted its position in International Business Machines Corp. by 0.3% in the second quarter. Stillwater Investment Management LLC now owns 13,251 shares of the technology company’s stock worth $2,011,000 after buying an additional 36 shares in the last quarter. Exxonmobil Investment Management Inc. TX boosted its position in International Business Machines Corp. by 6.2% in the second quarter. Exxonmobil Investment Management Inc. TX now owns 228,607 shares of the technology company’s stock worth $34,698,000 after buying an additional 13,372 shares in the last quarter. Thompson Rubinstein Investment Management Inc. OR boosted its position in International Business Machines Corp. by 4.8% in the second quarter. Thompson Rubinstein Investment Management Inc. OR now owns 41,895 shares of the technology company’s stock worth $6,359,000 after buying an additional 1,931 shares in the last quarter. Daiwa SB Investments Ltd. boosted its position in International Business Machines Corp. by 8.6% in the second quarter. Daiwa SB Investments Ltd. now owns 1,650 shares of the technology company’s stock worth $245,000 after buying an additional 130 shares in the last quarter. Finally, Patten & Patten Inc. TN boosted its position in International Business Machines Corp. by 3.7% in the second quarter. Patten & Patten Inc. TN now owns 7,680 shares of the technology company’s stock worth $1,166,000 after buying an additional 273 shares in the last quarter. Institutional investors own 57.23% of the company’s stock.

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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