IBM (NYSE:IBM) has received an average recommendation of “Hold” from the twenty-three ratings firms that are presently covering the firm, Marketbeat Ratings reports. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and nine have issued a buy rating on the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $156.72.

A number of analysts have weighed in on the stock. Zacks Investment Research cut shares of IBM from a “hold” rating to a “sell” rating in a research note on Monday. Credit Suisse Group began coverage on shares of IBM in a report on Thursday. They set an “outperform” rating and a $173.00 price target on the stock. ValuEngine upgraded shares of IBM from a “sell” rating to a “hold” rating in a report on Wednesday, February 13th. Royal Bank of Canada reiterated an “outperform” rating and set a $160.00 price target (up previously from $155.00) on shares of IBM in a report on Wednesday, January 23rd. Finally, Wedbush reiterated a “hold” rating and set a $131.00 price target on shares of IBM in a report on Wednesday, January 23rd.

In related news, insider Diane J. Gherson sold 5,754 shares of the business’s stock in a transaction on Wednesday, February 6th. The shares were sold at an average price of $135.67, for a total value of $780,645.18. Following the transaction, the insider now owns 23,117 shares in the company, valued at $3,136,283.39. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Erich Clementi sold 13,000 shares of the business’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $139.01, for a total transaction of $1,807,130.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 20,867 shares of company stock worth $2,877,569. 0.19% of the stock is owned by company insiders.

A number of hedge funds have recently added to or reduced their stakes in IBM. Nalls Sherbakoff Group LLC acquired a new position in shares of IBM during the fourth quarter valued at about $34,000. Sycomore Asset Management acquired a new position in shares of IBM during the fourth quarter valued at about $81,000. Sharkey Howes & Javer raised its holdings in shares of IBM by 75.9% during the fourth quarter. Sharkey Howes & Javer now owns 721 shares of the technology company’s stock valued at $82,000 after purchasing an additional 311 shares during the period. Sonora Investment Management LLC raised its holdings in shares of IBM by 166.2% during the fourth quarter. Sonora Investment Management LLC now owns 1,637 shares of the technology company’s stock valued at $186,000 after purchasing an additional 1,022 shares during the period. Finally, Paloma Partners Management Co raised its holdings in shares of IBM by 127.4% during the third quarter. Paloma Partners Management Co now owns 1,453 shares of the technology company’s stock valued at $220,000 after purchasing an additional 6,757 shares during the period. Institutional investors and hedge funds own 55.57% of the company’s stock.

Shares of NYSE IBM traded down $0.41 during midday trading on Wednesday, reaching $143.94. 2,289,847 shares of the company were exchanged, compared to its average volume of 3,232,266. The stock has a market cap of $128.48 billion, a PE ratio of 10.42, a PEG ratio of 2.55 and a beta of 1.25. IBM has a one year low of $105.94 and a one year high of $162.00. The company has a debt-to-equity ratio of 2.10, a quick ratio of 1.24 and a current ratio of 1.29.

IBM (NYSE:IBM) last posted its earnings results on Tuesday, January 22nd. The technology company reported $4.87 earnings per share for the quarter, topping analysts’ consensus estimates of $4.82 by $0.05. The firm had revenue of $21.76 billion for the quarter, compared to analysts’ expectations of $21.79 billion. IBM had a net margin of 10.97% and a return on equity of 68.61%. The company’s revenue was down 3.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $5.14 earnings per share. As a group, sell-side analysts predict that IBM will post 13.91 earnings per share for the current fiscal year.

IBM Company Profile

International Business Machines Corporation operates as an integrated technology and services company worldwide. Its Cognitive Solutions segment offers a portfolio of enterprise artificial intelligence platforms, such as analytics and data management platforms, cloud data services, talent management, and industry solutions primarily under the Watson Platform, Watson Health, and Watson Internet of Things names.

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Analyst Recommendations for IBM (NYSE:IBM)

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