International Business Machines Corporation (NYSE:IBM) has been given a consensus recommendation of “Hold” by the thirty-two ratings firms that are covering the stock, MarketBeat reports. Seven research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and seven have issued a buy rating on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $157.16.

Several research firms recently issued reports on IBM. BidaskClub raised International Business Machines Corporation from a “strong sell” rating to a “sell” rating in a research note on Tuesday, June 13th. Sanford C. Bernstein reissued a “neutral” rating and set a $150.00 price objective on shares of International Business Machines Corporation in a research note on Friday, May 5th. Wells Fargo & Company reissued a “market perform” rating and set a $162.50 price objective on shares of International Business Machines Corporation in a research note on Tuesday, April 25th. Cleveland Research began coverage on International Business Machines Corporation in a research note on Thursday, June 22nd. They set a “neutral” rating for the company. Finally, Cantor Fitzgerald reissued a “hold” rating and set a $154.00 price objective (down previously from $166.00) on shares of International Business Machines Corporation in a research note on Wednesday, July 19th.

Shares of International Business Machines Corporation (NYSE IBM) traded up 0.276% on Friday, reaching $140.085. 1,640,838 shares of the company’s stock traded hands. The company has a 50 day moving average of $147.30 and a 200-day moving average of $161.22. International Business Machines Corporation has a 52 week low of $139.13 and a 52 week high of $182.79. The stock has a market capitalization of $130.55 billion, a PE ratio of 11.626 and a beta of 0.97.

International Business Machines Corporation (NYSE:IBM) last posted its quarterly earnings data on Tuesday, July 18th. The technology company reported $2.97 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.74 by $0.23. The company had revenue of $19.29 billion during the quarter, compared to analyst estimates of $19.45 billion. International Business Machines Corporation had a return on equity of 71.53% and a net margin of 14.58%. The firm’s quarterly revenue was down 4.7% on a year-over-year basis. During the same quarter last year, the company earned $2.95 earnings per share. Equities research analysts forecast that International Business Machines Corporation will post $13.77 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Saturday, September 9th. Investors of record on Thursday, August 10th will be issued a dividend of $1.50 per share. The ex-dividend date of this dividend is Tuesday, August 8th. This represents a $6.00 dividend on an annualized basis and a yield of 4.29%. International Business Machines Corporation’s dividend payout ratio is presently 49.88%.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Herndon Capital Management LLC increased its position in International Business Machines Corporation by 39.0% in the second quarter. Herndon Capital Management LLC now owns 695 shares of the technology company’s stock worth $107,000 after buying an additional 195 shares during the period. Edge Wealth Management LLC increased its position in International Business Machines Corporation by 5.6% in the second quarter. Edge Wealth Management LLC now owns 760 shares of the technology company’s stock worth $117,000 after buying an additional 40 shares during the period. ETF Managers Group LLC purchased a new position in International Business Machines Corporation during the second quarter worth $121,000. Peddock Capital Advisors LLC increased its position in International Business Machines Corporation by 7.3% in the second quarter. Peddock Capital Advisors LLC now owns 912 shares of the technology company’s stock worth $140,000 after buying an additional 62 shares during the period. Finally, Horan Securities Inc. increased its position in International Business Machines Corporation by 845.5% in the second quarter. Horan Securities Inc. now owns 936 shares of the technology company’s stock worth $144,000 after buying an additional 837 shares during the period. Institutional investors own 58.57% of the company’s stock.

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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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