ValuEngine upgraded shares of International Business Machines Corporation (NYSE:IBM) from a hold rating to a buy rating in a report released on Monday.

Other equities research analysts have also recently issued reports about the stock. Wedbush restated a neutral rating and set a $155.00 price target on shares of International Business Machines Corporation in a report on Wednesday, August 9th. Royal Bank Of Canada reaffirmed a sector perform rating and issued a $160.00 price target on shares of International Business Machines Corporation in a research report on Friday, August 18th. Vetr lowered International Business Machines Corporation from a buy rating to a hold rating and set a $150.68 price objective on the stock. in a research note on Monday, August 7th. Sanford C. Bernstein reiterated a market perform rating and issued a $150.00 price objective on shares of International Business Machines Corporation in a research note on Wednesday, August 9th. Finally, BMO Capital Markets reissued a hold rating and set a $167.00 price objective (up previously from $165.00) on shares of International Business Machines Corporation in a research report on Friday, July 21st. Seven analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and nine have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average price target of $157.12.

Shares of International Business Machines Corporation (NYSE IBM) opened at 146.7006 on Monday. The stock’s 50 day moving average price is $143.79 and its 200 day moving average price is $153.48. International Business Machines Corporation has a 52 week low of $139.13 and a 52 week high of $182.79. The firm has a market capitalization of $136.72 billion, a P/E ratio of 12.1753 and a beta of 0.95. International Business Machines Corporation also saw some unusual options trading on Monday. Investors bought 10,093 call options on the stock. This represents an increase of approximately 136% compared to the typical daily volume of 4,279 call options.

International Business Machines Corporation (NYSE:IBM) last released its quarterly earnings results on Tuesday, July 18th. The technology company reported $2.97 EPS for the quarter, beating 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 company had revenue of $19.29 billion for the quarter, compared to analyst estimates of $19.45 billion. During the same quarter last year, the firm posted $2.95 earnings per share. The company’s quarterly revenue was down 4.7% compared to the same quarter last year. On average, analysts predict that International Business Machines Corporation will post $13.77 EPS for the current fiscal year.

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The business also recently disclosed a quarterly dividend, which was paid on Saturday, September 9th. Shareholders of record on Thursday, August 10th were issued a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a yield of 4.09%. The ex-dividend date was Tuesday, August 8th. International Business Machines Corporation’s dividend payout ratio is currently 49.88%.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Herndon Capital Management LLC grew its stake in shares of International Business Machines Corporation by 39.0% during the second quarter. Herndon Capital Management LLC now owns 695 shares of the technology company’s stock valued at $107,000 after purchasing an additional 195 shares during the last quarter. Edge Wealth Management LLC increased its holdings in shares of 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 valued at $117,000 after purchasing an additional 40 shares in the last quarter. ETF Managers Group LLC bought a new position in International Business Machines Corporation in the 2nd quarter worth approximately $121,000. Peddock Capital Advisors LLC raised its position in International Business Machines Corporation by 7.3% in the 2nd quarter. Peddock Capital Advisors LLC now owns 912 shares of the technology company’s stock worth $140,000 after purchasing an additional 62 shares during the last quarter. Finally, Horan Securities Inc. raised its position in International Business Machines Corporation by 845.5% in the 2nd quarter. Horan Securities Inc. now owns 936 shares of the technology company’s stock worth $144,000 after purchasing an additional 837 shares during the last quarter. 57.88% of the stock is owned by institutional investors.

International Business Machines Corporation Company Profile

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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