International Business Machines Corporation (NYSE:IBM) has been given a $160.00 target price by equities researchers at Societe Generale in a note issued to investors on Thursday. The firm presently has a “hold” rating on the technology company’s stock. Societe Generale’s price objective suggests a potential downside of 4.73% from the stock’s previous close.

Other equities analysts also recently issued reports about the stock. Cantor Fitzgerald set a $162.00 price target on shares of International Business Machines Corporation and gave the stock a “hold” rating in a research note on Saturday, October 15th. Stifel Nicolaus upped their price target on shares of International Business Machines Corporation from $165.00 to $192.00 and gave the stock a “buy” rating in a research note on Thursday. Morgan Stanley increased their target price on shares of International Business Machines Corporation to $9.00 in a research report on Thursday. Goldman Sachs Group, Inc. (The) lowered their target price on shares of International Business Machines Corporation from $147.00 to $145.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 18th. Finally, Sanford C. Bernstein reissued a “market perform” rating and set a $140.00 target price on shares of International Business Machines Corporation in a research report on Friday, October 21st. Three analysts have rated the stock with a sell rating, sixteen have given a hold rating and nine have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $152.60.

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

International Business Machines Corporation (NYSE:IBM) traded down 0.2373% on Thursday, hitting $167.5515. The company had a trading volume of 1,484,185 shares. The firm’s 50 day moving average price is $165.82 and its 200 day moving average price is $159.21. The stock has a market cap of $159.32 billion, a P/E ratio of 13.6520 and a beta of 0.97. International Business Machines Corporation has a 12-month low of $116.90 and a 12-month high of $169.95.

International Business Machines Corporation (NYSE:IBM) last posted its quarterly earnings results on Monday, October 17th. The technology company reported $3.29 earnings per share for the quarter, topping the Zacks’ consensus estimate of $3.24 by $0.05. International Business Machines Corporation had a net margin of 14.75% and a return on equity of 82.86%. The business had revenue of $19.23 billion for the quarter, compared to the consensus estimate of $19 billion. During the same period in the prior year, the business posted $3.34 earnings per share. International Business Machines Corporation’s revenue for the quarter was down .3% compared to the same quarter last year. Equities analysts predict that International Business Machines Corporation will post $13.50 earnings per share for the current fiscal year.

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In related news, insider Jon C. Iwata sold 19,866 shares of the firm’s stock in a transaction that occurred on Tuesday, November 15th. The shares were sold at an average price of $158.63, for a total value of $3,151,343.58. Following the completion of the sale, the insider now owns 54,719 shares of the company’s stock, valued at $8,680,074.97. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director David N. Farr purchased 1,300 shares of the stock in a transaction that occurred on Tuesday, October 25th. The stock was bought at an average cost of $149.93 per share, with a total value of $194,909.00. Following the acquisition, the director now owns 3,758 shares of the company’s stock, valued at $563,436.94. The disclosure for this purchase can be found here. 0.08% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently made changes to their positions in IBM. Robinson Value Management Ltd. acquired a new position in shares of International Business Machines Corporation during the fourth quarter worth about $4,158,000. Hall Laurie J Trustee acquired a new position in shares of International Business Machines Corporation during the fourth quarter worth about $411,000. NN Investment Partners Holdings N.V. boosted its position in shares of International Business Machines Corporation by 16.0% in the fourth quarter. NN Investment Partners Holdings N.V. now owns 603,927 shares of the technology company’s stock worth $100,248,000 after buying an additional 83,389 shares during the last quarter. ELCO Management Co. LLC acquired a new position in shares of International Business Machines Corporation during the third quarter worth about $785,000. Finally, Fort Point Capital Partners LLC boosted its position in shares of International Business Machines Corporation by 41.1% in the third quarter. Fort Point Capital Partners LLC now owns 2,574 shares of the technology company’s stock worth $409,000 after buying an additional 750 shares during the last quarter. 57.10% of the stock is currently owned by hedge funds and other institutional investors.

International Business Machines Corporation Company Profile

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

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