International Business Machines Corp. (NYSE:IBM) was upgraded by research analysts at Vetr from a “sell” rating to a “hold” rating in a note issued to investors on Monday, May 15th. The firm presently has a $147.97 price objective on the technology company’s stock. Vetr‘s price target indicates a potential downside of 2.96% from the stock’s current price.

A number of other equities analysts also recently issued reports on IBM. BMO Capital Markets dropped their price objective on shares of International Business Machines Corp. from $170.00 to $165.00 and set a “market perform” rating on the stock in a research note on Wednesday, April 19th. Deutsche Bank AG reiterated a “hold” rating and set a $150.00 price objective on shares of International Business Machines Corp. in a research note on Wednesday, April 19th. Argus reiterated a “buy” rating and set a $192.00 price objective (up from $185.00) on shares of International Business Machines Corp. in a research note on Wednesday, March 22nd. Royal Bank of Canada increased their price objective on shares of International Business Machines Corp. from $170.00 to $185.00 and gave the company a “sector perform” rating in a research note on Monday, March 6th. Finally, Jefferies Group LLC reiterated a “sell” rating and set a $135.00 price objective (down from $145.00) on shares of International Business Machines Corp. in a research note on Wednesday, April 19th. Eight equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and six have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $164.54.

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

Shares of International Business Machines Corp. (NYSE:IBM) traded down 0.46% during mid-day trading on Monday, reaching $152.49. 2,443,507 shares of the company’s stock traded hands. International Business Machines Corp. has a 12-month low of $142.50 and a 12-month high of $182.79. The firm has a market capitalization of $143.26 billion, a price-to-earnings ratio of 12.54 and a beta of 0.96. The stock has a 50-day moving average price of $158.99 and a 200 day moving average price of $167.77.

International Business Machines Corp. (NYSE:IBM) last issued its earnings results on Tuesday, April 18th. The technology company reported $2.38 EPS for the quarter, topping the Zacks’ consensus estimate of $2.35 by $0.03. The business had revenue of $18.16 billion for the quarter, compared to the consensus estimate of $18.37 billion. International Business Machines Corp. had a net margin of 14.85% and a return on equity of 78.32%. The company’s revenue for the quarter was down 2.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.35 EPS. Analysts anticipate that International Business Machines Corp. will post $13.70 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, June 10th. Investors of record on Wednesday, May 10th will be paid a $1.50 dividend. This represents a $6.00 dividend on an annualized basis and a yield of 3.93%. This is a boost from International Business Machines Corp.’s previous quarterly dividend of $1.40. The ex-dividend date is Monday, May 8th. International Business Machines Corp.’s dividend payout ratio is presently 45.16%.

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In other International Business Machines Corp. news, Director James W. Owens acquired 1,718 shares of the stock in a transaction that occurred on Tuesday, May 16th. The shares were purchased at an average cost of $153.19 per share, with a total value of $263,180.42. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. 0.08% of the stock is currently owned by corporate insiders.

Large investors have recently modified their holdings of the stock. BlackRock Inc. boosted its stake in shares of International Business Machines Corp. by 2,275.4% in the first quarter. BlackRock Inc. now owns 51,694,919 shares of the technology company’s stock worth $9,002,153,000 after buying an additional 49,518,677 shares during the last quarter. Norges Bank acquired a new stake in shares of International Business Machines Corp. during the fourth quarter worth approximately $1,366,710,000. Vanguard Group Inc. boosted its stake in shares of International Business Machines Corp. by 3.7% in the first quarter. Vanguard Group Inc. now owns 59,986,222 shares of the technology company’s stock worth $10,446,001,000 after buying an additional 2,123,985 shares during the last quarter. Renaissance Technologies LLC acquired a new stake in shares of International Business Machines Corp. during the first quarter worth approximately $352,407,000. Finally, Asset Management One Co. Ltd. boosted its stake in shares of International Business Machines Corp. by 1,629.0% in the fourth quarter. Asset Management One Co. Ltd. now owns 1,573,373 shares of the technology company’s stock worth $261,234,000 after buying an additional 1,482,372 shares during the last quarter. 58.65% of the stock is currently owned by hedge funds and other institutional investors.

About International Business Machines Corp.

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.

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

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