International Business Machines Corp. (NYSE:IBM) had its target price reduced by Stifel Nicolaus from $192.00 to $182.00 in a report released on Wednesday. The brokerage presently has a “buy” rating on the technology company’s stock. Stifel Nicolaus’ target price indicates a potential upside of 19.71% from the company’s current price.

IBM has been the topic of several other research reports. Drexel Hamilton reissued a “buy” rating and set a $186.00 price objective on shares of International Business Machines Corp. in a research note on Tuesday, January 24th. Tigress Financial reissued a “neutral” rating on shares of International Business Machines Corp. in a research note on Tuesday, January 24th. Bank of America Corp raised shares of International Business Machines Corp. from a “neutral” rating to a “buy” rating in a research note on Tuesday, January 31st. Vetr lowered shares of International Business Machines Corp. from a “hold” rating to a “sell” rating and set a $174.22 price objective on the stock. in a research note on Tuesday, February 28th. Finally, Jefferies Group LLC set a $135.00 price objective on shares of International Business Machines Corp. and gave the stock a “sell” rating in a research note on Friday, May 19th. Eight research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and six have assigned a buy rating to the company’s stock. International Business Machines Corp. has a consensus rating of “Hold” and a consensus price target of $164.54.

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

Shares of International Business Machines Corp. (NYSE:IBM) traded up 0.13% during midday trading on Wednesday, hitting $152.23. 767,267 shares of the company traded hands. The stock’s 50-day moving average is $160.37 and its 200 day moving average is $168.10. The stock has a market capitalization of $143.02 billion, a P/E ratio of 12.52 and a beta of 0.96. International Business Machines Corp. has a 12-month low of $142.50 and a 12-month high of $182.79.

International Business Machines Corp. (NYSE:IBM) last released its quarterly earnings data on Tuesday, April 18th. The technology company reported $2.38 earnings per share for the quarter, topping the consensus estimate of $2.35 by $0.03. International Business Machines Corp. had a net margin of 14.85% and a return on equity of 78.32%. The business had revenue of $18.16 billion for the quarter, compared to analyst estimates of $18.37 billion. During the same quarter last year, the firm earned $2.35 EPS. International Business Machines Corp.’s quarterly revenue was down 2.8% compared to the same quarter last year. On average, analysts expect that International Business Machines Corp. will post $13.70 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Saturday, June 10th. Investors of record on Wednesday, May 10th will be issued a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a yield of 3.95%. This is an increase from International Business Machines Corp.’s previous quarterly dividend of $1.40. The ex-dividend date of this dividend is Monday, May 8th. International Business Machines Corp.’s payout ratio is presently 45.16%.

TRADEMARK VIOLATION NOTICE: This piece was first posted by American Banking News and is owned by of American Banking News. If you are accessing this piece on another domain, it was copied illegally and reposted in violation of US & international copyright laws. The correct version of this piece can be read at https://www.americanbankingnews.com/2017/05/24/international-business-machines-corp-ibm-price-target-cut-to-182-00.html.

In other news, Director James W. Owens bought 1,718 shares of the stock in a transaction that occurred on Tuesday, May 16th. The shares were acquired at an average cost of $153.19 per share, for a total transaction of $263,180.42. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.08% of the stock is currently owned by insiders.

Institutional investors have recently modified their holdings of the company. Massey Quick & Co. LLC purchased a new position in shares of International Business Machines Corp. during the fourth quarter worth $108,000. Hemenway Trust Co LLC purchased a new position in shares of International Business Machines Corp. during the fourth quarter worth $110,000. Kernodle & Katon Asset Management Group LLC increased its position in shares of International Business Machines Corp. by 5.2% in the third quarter. Kernodle & Katon Asset Management Group LLC now owns 687 shares of the technology company’s stock worth $109,000 after buying an additional 34 shares during the last quarter. Thomas J. Herzfeld Advisors Inc. purchased a new position in shares of International Business Machines Corp. during the fourth quarter worth $117,000. Finally, Capital Analysts LLC increased its position in shares of International Business Machines Corp. by 5.5% in the fourth quarter. Capital Analysts LLC now owns 726 shares of the technology company’s stock worth $121,000 after buying an additional 38 shares during the last quarter. Institutional investors and hedge funds own 58.65% of the company’s stock.

International Business Machines Corp. 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.

12 Month Chart for NYSE:IBM

Receive News & Ratings for International Business Machines Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for International Business Machines Corp. and related companies with MarketBeat.com's FREE daily email newsletter.