International Business Machines Corp. (NYSE:IBM) was downgraded by equities research analysts at Vetr from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Monday. They currently have a $159.83 price objective on the technology company’s stock. Vetr‘s price objective would suggest a potential upside of 3.48% from the company’s current price.

IBM has been the topic of a number of other reports. Morgan Stanley restated a “buy” rating and set a $168.00 price target on shares of International Business Machines Corp. in a research report on Sunday, July 17th. Cantor Fitzgerald restated a “hold” rating on shares of International Business Machines Corp. in a research report on Sunday, July 17th. Standpoint Research downgraded shares of International Business Machines Corp. from a “buy” rating to a “hold” rating in a research report on Monday, July 25th. Wells Fargo & Co. restated a “hold” rating and set a $142.50 price target on shares of International Business Machines Corp. in a research report on Tuesday, May 24th. Finally, Oppenheimer Holdings Inc. began coverage on shares of International Business Machines Corp. in a research report on Monday, August 15th. They set a “market perform” rating on the stock. Five investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and eight have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $153.22.

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

International Business Machines Corp. (NYSE:IBM) opened at 154.45 on Monday. International Business Machines Corp. has a 52 week low of $116.90 and a 52 week high of $164.95. The company’s 50 day moving average is $159.40 and its 200 day moving average is $152.93. The stock has a market cap of $147.63 billion, a P/E ratio of 12.56 and a beta of 0.77.

International Business Machines Corp. (NYSE:IBM) last issued its quarterly earnings data on Monday, July 18th. The technology company reported $2.95 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.89 by $0.06. The firm had revenue of $20.20 billion for the quarter, compared to the consensus estimate of $20.03 billion. International Business Machines Corp. had a net margin of 14.86% and a return on equity of 88.92%. International Business Machines Corp.’s quarterly revenue was down 2.8% compared to the same quarter last year. During the same period last year, the firm posted $3.84 EPS. Equities analysts predict that International Business Machines Corp. will post $13.51 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Saturday, September 10th. Investors of record on Wednesday, August 10th were paid a dividend of $1.40 per share. This represents a $5.60 annualized dividend and a yield of 3.63%. The ex-dividend date was Monday, August 8th. International Business Machines Corp.’s payout ratio is currently 45.53%.

In related news, insider Robert J. Leblanc sold 15,708 shares of the company’s stock in a transaction on Tuesday, August 9th. The shares were sold at an average price of $162.25, for a total transaction of $2,548,623.00. Following the completion of the transaction, the insider now directly owns 61,374 shares in the company, valued at approximately $9,957,931.50. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Erich Clementi sold 2,984 shares of the company’s stock in a transaction on Thursday, August 25th. The shares were sold at an average price of $159.00, for a total transaction of $474,456.00. Following the transaction, the insider now owns 22,531 shares of the company’s stock, valued at $3,582,429. The disclosure for this sale can be found here. Corporate insiders own 0.08% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in IBM. Chevy Chase Trust Holdings Inc. raised its stake in shares of International Business Machines Corp. by 1.1% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 784,980 shares of the technology company’s stock valued at $118,885,000 after buying an additional 8,659 shares during the period. Thompson Rubinstein Investment Management Inc. OR raised its stake in shares of International Business Machines Corp. by 123.4% in the first quarter. Thompson Rubinstein Investment Management Inc. OR now owns 39,964 shares of the technology company’s stock valued at $6,053,000 after buying an additional 22,078 shares during the period. Toth Financial Advisory Corp raised its stake in shares of International Business Machines Corp. by 5.6% in the first quarter. Toth Financial Advisory Corp now owns 15,015 shares of the technology company’s stock valued at $2,274,000 after buying an additional 801 shares during the period. Alecta Pensionsforsakring Omsesidigt acquired a new stake in shares of International Business Machines Corp. during the first quarter valued at about $375,596,000. Finally, Union Bankshares Corp raised its stake in shares of International Business Machines Corp. by 2.4% in the first quarter. Union Bankshares Corp now owns 27,425 shares of the technology company’s stock valued at $4,154,000 after buying an additional 640 shares during the period. Hedge funds and other institutional investors own 57.63% of the company’s stock.

About International Business Machines Corp.

International Business Machines Corporation (IBM) is a technology company. The Company operates through five segments: Global Technology Services (GTS), Global Business Services (GBS), Software, Systems Hardware and Global Financing. The Company’s GTS segment offers services, including strategic outsourcing, integrated technology services, cloud and technology support services (maintenance services).

5 Day Chart for NYSE:IBM

To view Vetr’s full report, visit Vetr’s official website.

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