International Business Machines Corp. (NYSE:IBM) was downgraded by stock analysts at Societe Generale from a “hold” rating to a “sell” rating in a research note issued on Wednesday.

IBM has been the topic of a number of other research reports. Jefferies Group LLC reissued a “sell” rating and issued a $135.00 price target (down previously from $145.00) on shares of International Business Machines Corp. in a report on Wednesday. Cantor Fitzgerald reissued a “hold” rating and issued a $166.00 price target on shares of International Business Machines Corp. in a report on Thursday, April 13th. Sanford C. Bernstein reissued a “market perform” rating and issued a $150.00 price target on shares of International Business Machines Corp. in a report on Tuesday, April 11th. Vetr lowered shares of International Business Machines Corp. from a “sell” rating to a “strong sell” rating and set a $152.23 price target on the stock. in a report on Monday. Finally, Bank of America Corp reissued a “buy” rating and issued a $180.00 price target (down previously from $185.00) on shares of International Business Machines Corp. in a report on Wednesday. Seven investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and six have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $166.83.

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

International Business Machines Corp. (NYSE:IBM) opened at 162.30 on Wednesday. The firm has a market cap of $153.08 billion, a P/E ratio of 13.11 and a beta of 0.96. The stock has a 50 day moving average price of $174.10 and a 200-day moving average price of $167.58. International Business Machines Corp. has a 1-year low of $142.50 and a 1-year high of $182.79. International Business Machines Corp. also was the target of unusually large options trading activity on Tuesday. Traders purchased 3,300 call options on the stock. This represents an increase of 315% compared to the typical daily volume of 795 call options.



International Business Machines Corp. (NYSE:IBM) last posted its earnings results on Tuesday, April 18th. The technology company reported $2.38 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.35 by $0.03. International Business Machines Corp. had a net margin of 14.85% and a return on equity of 78.32%. The business had revenue of $18.16 billion for the quarter, compared to analysts’ expectations of $18.37 billion. During the same period in the prior year, the company posted $2.35 EPS. The business’s revenue for the quarter was down 2.8% compared to the same quarter last year. Equities research analysts forecast that International Business Machines Corp. will post $13.78 EPS for the current year.

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In other news, insider Diane J. Gherson sold 5,000 shares of the firm’s stock in a transaction dated Monday, February 13th. The shares were sold at an average price of $179.18, for a total value of $895,900.00. Following the completion of the sale, the insider now directly owns 20,952 shares of the company’s stock, valued at approximately $3,754,179.36. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider James J. Kavanaugh sold 559 shares of the firm’s stock in a transaction dated Tuesday, February 7th. The stock was sold at an average price of $178.31, for a total transaction of $99,675.29. Following the completion of the sale, the insider now directly owns 29,856 shares of the company’s stock, valued at $5,323,623.36. The disclosure for this sale can be found here. Company insiders own 0.08% of the company’s stock.

Several large investors have recently bought and sold shares of the company. Norges Bank bought a new stake in International Business Machines Corp. during the fourth quarter valued at approximately $1,366,710,000. Asset Management One Co. Ltd. boosted its stake in International Business Machines Corp. by 1,629.0% in the fourth quarter. Asset Management One Co. Ltd. now owns 1,573,373 shares of the technology company’s stock valued at $261,234,000 after buying an additional 1,482,372 shares in the last quarter. State Street Corp boosted its stake in International Business Machines Corp. by 2.5% in the fourth quarter. State Street Corp now owns 51,016,969 shares of the technology company’s stock valued at $8,468,300,000 after buying an additional 1,220,924 shares in the last quarter. PGGM Investments boosted its stake in International Business Machines Corp. by 69.6% in the third quarter. PGGM Investments now owns 1,743,519 shares of the technology company’s stock valued at $276,958,000 after buying an additional 715,298 shares in the last quarter. Finally, Russell Investments Group Ltd. bought a new stake in International Business Machines Corp. during the fourth quarter valued at approximately $82,563,000. 58.65% of the stock is owned by hedge funds and other institutional investors.

About International Business Machines Corp.

International Business Machines Corporation (IBM) is a technology company. The Company operates through five segments: Cognitive Solutions, Global Business Services (GBS), Technology Services & Cloud Platforms, Systems and Global Financing. The Cognitive Solutions segment delivers a spectrum of capabilities, from descriptive, predictive and prescriptive analytics to cognitive systems.

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