International Business Machines Corp. (NYSE: IBM) recently received a number of ratings updates from brokerages and research firms:

  • 9/20/2016 – International Business Machines Corp. was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “IBM’s revenues are likely to remain affected in the near term due to the long drawn business transition to higher-growth markets that are not yielding enough to offset declines in traditional segments yet. Intensifying competition in the cloud computing & data analytics arena add to its woes. Nonetheless, IBM’s investments in cloud computing, Big Data, mobile and security have started to gain steam. In the last reported quarter, “Strategic Imperatives” revenues of $8.3 billion formed over 40% of total revenue with Cognitive solutions reporting growth of 3.5%. Also, IBM’s history of strategic acquisitions/deals, which has increased its scale of operations globally, will bolster growth. Additionally, collaborations with the likes of Workday will boost the company's top-line growth in the near term.. “
  • 9/19/2016 – International Business Machines Corp. was downgraded by analysts at Vetr from a “buy” rating to a “hold” rating. They now have a $159.83 price target on the stock.
  • 9/14/2016 – International Business Machines Corp. was upgraded by analysts at Vetr from a “hold” rating to a “buy” rating. They now have a $162.03 price target on the stock.
  • 9/12/2016 – International Business Machines Corp. had its “hold” rating reaffirmed by analysts at Cantor Fitzgerald. They now have a $162.00 price target on the stock.
  • 9/7/2016 – International Business Machines Corp. had its “buy” rating reaffirmed by analysts at Drexel Hamilton. They now have a $186.00 price target on the stock.
  • 9/7/2016 – International Business Machines Corp. was downgraded by analysts at Vetr from a “hold” rating to a “sell” rating. They now have a $155.84 price target on the stock.
  • 9/3/2016 – International Business Machines Corp. had its “underperform” rating reaffirmed by analysts at Credit Suisse Group AG. They now have a $110.00 price target on the stock.
  • 8/30/2016 – International Business Machines Corp. had its “underweight” rating reaffirmed by analysts at Barclays PLC.
  • 8/29/2016 – International Business Machines Corp. was upgraded by analysts at Vetr from a “sell” rating to a “hold” rating. They now have a $156.55 price target on the stock.
  • 8/15/2016 – International Business Machines Corp. had its “buy” rating reaffirmed by analysts at Drexel Hamilton. They now have a $186.00 price target on the stock.
  • 8/15/2016 – International Business Machines Corp. is now covered by analysts at Oppenheimer Holdings Inc.. They set a “market perform” rating on the stock.
  • 8/8/2016 – International Business Machines Corp. had its “hold” rating reaffirmed by analysts at Cantor Fitzgerald.
  • 7/25/2016 – International Business Machines Corp. was downgraded by analysts at Standpoint Research from a “buy” rating to a “hold” rating.

International Business Machines Corp. (NYSE:IBM) traded up 0.70% during mid-day trading on Wednesday, reaching $155.53. 2,473,895 shares of the company’s stock traded hands. The company has a market capitalization of $148.66 billion, a price-to-earnings ratio of 12.65 and a beta of 0.77. The company has a 50-day moving average of $159.40 and a 200-day moving average of $152.93. International Business Machines Corp. has a 52-week low of $116.90 and a 52-week high of $164.95.

International Business Machines Corp. (NYSE:IBM) last released its earnings results on Monday, July 18th. The technology company reported $2.95 EPS for the quarter, beating the consensus estimate of $2.89 by $0.06. International Business Machines Corp. had a net margin of 14.86% and a return on equity of 88.92%. The business earned $20.20 billion during the quarter, compared to analyst estimates of $20.03 billion. During the same period in the prior year, the business earned $3.84 earnings per share. The business’s quarterly revenue was down 2.8% on a year-over-year basis. Equities research analysts expect that International Business Machines Corp. will post $13.51 EPS for the current year.

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The firm 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 3.60%. The ex-dividend date of this dividend was Monday, August 8th. International Business Machines Corp.’s dividend payout ratio is presently 45.53%.

In other news, insider Robert J. Picciano sold 1,922 shares of the business’s stock in a transaction that occurred on Wednesday, August 31st. The shares were sold at an average price of $159.16, for a total transaction of $305,905.52. Following the sale, the insider now owns 35,861 shares in the company, valued at $5,707,636.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Erich Clementi sold 2,984 shares of the business’s stock in a transaction that occurred 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 sale, the insider now owns 22,531 shares in the company, valued at approximately $3,582,429. The disclosure for this sale can be found here. Corporate insiders own 0.08% of the company’s stock.

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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