BidaskClub lowered shares of International Business Machines Corporation (NYSE:IBM) from a sell rating to a strong sell rating in a report published on Tuesday.

Several other research analysts also recently issued reports on IBM. Berenberg Bank started coverage on shares of International Business Machines Corporation in a research note on Tuesday, April 4th. They issued a sell rating and a $140.00 target price on the stock. Vetr downgraded shares of International Business Machines Corporation from a buy rating to a hold rating and set a $170.05 price objective on the stock. in a research report on Tuesday, April 4th. Sanford C. Bernstein restated a market perform rating and set a $150.00 price objective on shares of International Business Machines Corporation in a research report on Tuesday, April 11th. Cantor Fitzgerald restated a hold rating and set a $166.00 price objective on shares of International Business Machines Corporation in a research report on Thursday, April 13th. Finally, Jefferies Group LLC restated a sell rating and set a $135.00 price objective (down previously from $145.00) on shares of International Business Machines Corporation in a research report on Wednesday, April 19th. Seven equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and seven have given a buy rating to the stock. The company presently has an average rating of Hold and a consensus target price of $157.50.

Shares of International Business Machines Corporation (NYSE:IBM) traded down 0.54% during trading on Tuesday, reaching $144.29. 3,054,834 shares of the company traded hands. The firm’s 50 day moving average is $152.32 and its 200-day moving average is $164.21. International Business Machines Corporation has a 12-month low of $143.64 and a 12-month high of $182.79. The stock has a market capitalization of $134.47 billion, a P/E ratio of 11.98 and a beta of 0.98.

International Business Machines Corporation (NYSE:IBM) last posted its quarterly earnings data on Tuesday, July 18th. The technology company reported $2.97 EPS for the quarter, topping the 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 business had revenue of $19.29 billion for the quarter, compared to analyst estimates of $19.45 billion. During the same quarter in the previous year, the firm posted $2.95 earnings per share. International Business Machines Corporation’s quarterly revenue was down 4.7% on a year-over-year basis. On average, equities research analysts anticipate that International Business Machines Corporation will post $13.73 earnings per share for the current fiscal year.

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The company also recently disclosed a quarterly dividend, which will be paid on Saturday, September 9th. Stockholders of record on Thursday, August 10th will be given a $1.50 dividend. This represents a $6.00 dividend on an annualized basis and a dividend yield of 4.16%. The ex-dividend date of this dividend is Tuesday, August 8th. International Business Machines Corporation’s payout ratio is currently 49.88%.

In other news, Director James W. Owens acquired 1,718 shares of the business’s stock in a transaction dated Tuesday, May 16th. The shares were purchased at an average price of $153.19 per share, with a total value of $263,180.42. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.23% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently modified their holdings of IBM. Enterprise Financial Services Corp boosted its stake in International Business Machines Corporation by 15.1% in the second quarter. Enterprise Financial Services Corp now owns 5,979 shares of the technology company’s stock worth $920,000 after buying an additional 786 shares during the period. Essex Investment Management Co. LLC boosted its stake in International Business Machines Corporation by 52.0% in the second quarter. Essex Investment Management Co. LLC now owns 19,674 shares of the technology company’s stock worth $3,026,000 after buying an additional 6,734 shares during the period. Barry Investment Advisors LLC boosted its stake in International Business Machines Corporation by 2.8% in the second quarter. Barry Investment Advisors LLC now owns 3,270 shares of the technology company’s stock worth $503,000 after buying an additional 89 shares during the period. Kistler Tiffany Companies LLC boosted its stake in International Business Machines Corporation by 7.1% in the second quarter. Kistler Tiffany Companies LLC now owns 4,786 shares of the technology company’s stock worth $736,000 after buying an additional 316 shares during the period. Finally, State of New Jersey Common Pension Fund D boosted its stake in International Business Machines Corporation by 3.3% in the second quarter. State of New Jersey Common Pension Fund D now owns 728,800 shares of the technology company’s stock worth $112,112,000 after buying an additional 23,400 shares during the period. 58.18% 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: 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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