Goldman Sachs Group, Inc. (The) restated their neutral rating on shares of International Business Machines Corporation (NYSE:IBM) in a research report report published on Saturday. The brokerage currently has a $168.00 price target on the technology company’s stock, down from their prior price target of $170.00.

A number of other research firms also recently weighed in on IBM. Sanford C. Bernstein reiterated a neutral rating and set a $150.00 price target on shares of International Business Machines Corporation in a research note on Monday, May 15th. Vetr upgraded shares of International Business Machines Corporation from a sell rating to a hold rating and set a $147.02 price target on the stock in a research note on Wednesday, June 7th. Credit Suisse Group reiterated an underperform rating and set a $110.00 price target (down previously from $125.00) on shares of International Business Machines Corporation in a research note on Monday, July 17th. Stifel Nicolaus reiterated a buy rating and set a $182.00 price target on shares of International Business Machines Corporation in a research note on Friday, June 9th. Finally, TheStreet downgraded shares of International Business Machines Corporation to a hold rating in a research note on Friday, April 21st. Seven equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and seven have issued a buy rating to the stock. The company has a consensus rating of Hold and a consensus price target of $157.80.

Shares of International Business Machines Corporation (IBM) traded down 0.39% during mid-day trading on Friday, hitting $147.08. 6,509,459 shares of the company’s stock were exchanged. International Business Machines Corporation has a 52 week low of $146.51 and a 52 week high of $182.79. The firm has a 50 day moving average price of $153.42 and a 200-day moving average price of $165.18. The company has a market capitalization of $137.08 billion, a price-to-earnings ratio of 12.18 and a beta of 0.98.

International Business Machines Corporation (NYSE:IBM) last posted its quarterly earnings results on Tuesday, July 18th. The technology company reported $2.97 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.74 by $0.23. International Business Machines Corporation had a net margin of 14.58% and a return on equity of 71.53%. The firm had revenue of $19.29 billion for the quarter, compared to the consensus estimate of $19.45 billion. During the same quarter in the previous year, the company earned $2.95 earnings per share. The business’s revenue was down 4.7% compared to the same quarter last year. On average, equities analysts anticipate that International Business Machines Corporation will post $13.73 EPS for the current year.

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In other International Business Machines Corporation news, Director James W. Owens acquired 1,718 shares of the firm’s stock in a transaction that occurred on Tuesday, May 16th. The stock was acquired at an average cost of $153.19 per share, for a total transaction of $263,180.42. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.23% of the stock is currently owned by insiders.

Several institutional investors have recently modified their holdings of the stock. Pinnacle Bank acquired a new position in shares of International Business Machines Corporation during the first quarter valued at about $1,416,000. HighPoint Advisor Group LLC raised its position in shares of International Business Machines Corporation by 11.7% in the fourth quarter. HighPoint Advisor Group LLC now owns 21,150 shares of the technology company’s stock valued at $3,848,000 after buying an additional 2,209 shares in the last quarter. Nadler Financial Group Inc. raised its position in shares of International Business Machines Corporation by 14.1% in the first quarter. Nadler Financial Group Inc. now owns 2,595 shares of the technology company’s stock valued at $452,000 after buying an additional 320 shares in the last quarter. NewSquare Capital LLC raised its position in shares of International Business Machines Corporation by 13.7% in the first quarter. NewSquare Capital LLC now owns 6,502 shares of the technology company’s stock valued at $1,132,000 after buying an additional 782 shares in the last quarter. Finally, First Command Financial Services Inc. raised its position in shares of International Business Machines Corporation by 6.0% in the first quarter. First Command Financial Services Inc. now owns 6,866 shares of the technology company’s stock valued at $1,196,000 after buying an additional 389 shares in the last quarter. Institutional investors and hedge funds own 58.16% of the company’s stock.

About International Business Machines Corporation

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.

Analyst Recommendations for International Business Machines Corporation (NYSE:IBM)

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