International Business Machines Corporation (NYSE:IBM)‘s stock had its “market perform” rating reissued by analysts at Sanford C. Bernstein in a research note issued to investors on Wednesday. They currently have a $150.00 target price on the technology company’s stock. Sanford C. Bernstein’s target price indicates a potential upside of 5.81% from the stock’s current price.

A number of other equities research analysts have also commented on the company. Wedbush reaffirmed a “neutral” rating and set a $155.00 price target on shares of International Business Machines Corporation in a research report on Wednesday. Vetr lowered International Business Machines Corporation from a “buy” rating to a “hold” rating and set a $150.68 price target on the stock. in a research report on Monday. BidaskClub lowered International Business Machines Corporation from a “sell” rating to a “strong sell” rating in a research report on Tuesday, July 25th. UBS AG reaffirmed a “neutral” rating and set a $159.00 price target (down previously from $167.00) on shares of International Business Machines Corporation in a research report on Saturday, July 22nd. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $160.00 price target (down previously from $165.00) on shares of International Business Machines Corporation in a research report on Saturday, July 22nd. Seven investment analysts have rated the stock with a sell rating, eighteen have issued a hold rating and seven have issued a buy rating to the stock. International Business Machines Corporation currently has a consensus rating of “Hold” and an average price target of $157.40.

Shares of International Business Machines Corporation (NYSE IBM) traded down 0.24% during trading on Wednesday, hitting $141.77. 2,925,770 shares of the stock traded hands. International Business Machines Corporation has a 52 week low of $141.19 and a 52 week high of $182.79. The company has a market cap of $132.12 billion, a price-to-earnings ratio of 11.77 and a beta of 0.97. The firm’s 50-day moving average price is $150.98 and its 200-day moving average price is $163.44.

International Business Machines Corporation (NYSE:IBM) last released its quarterly earnings results on Tuesday, July 18th. The technology company reported $2.97 EPS for the quarter, topping the Zacks’ consensus estimate of $2.74 by $0.23. The company had revenue of $19.29 billion for the quarter, compared to analyst estimates of $19.45 billion. International Business Machines Corporation had a return on equity of 71.53% and a net margin of 14.58%. International Business Machines Corporation’s revenue was down 4.7% compared to the same quarter last year. During the same quarter last year, the firm posted $2.95 earnings per share. On average, equities research analysts anticipate that International Business Machines Corporation will post $13.74 earnings per share for the current year.

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In other news, Director James W. Owens purchased 1,718 shares of the company’s stock in a transaction that occurred on Tuesday, May 16th. The stock was acquired at an average cost of $153.19 per share, with a total value of $263,180.42. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.23% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the company. State Street Corp boosted its stake in International Business Machines Corporation by 0.4% in the first quarter. State Street Corp now owns 51,198,962 shares of the technology company’s stock valued at $8,915,788,000 after buying an additional 181,993 shares during the last quarter. Norges Bank purchased a new stake in International Business Machines Corporation during the fourth quarter valued at $1,366,710,000. Schwab Charles Investment Management Inc. boosted its stake in International Business Machines Corporation by 3.0% in the second quarter. Schwab Charles Investment Management Inc. now owns 4,651,213 shares of the technology company’s stock valued at $715,497,000 after buying an additional 134,862 shares during the last quarter. Swiss National Bank boosted its stake in International Business Machines Corporation by 2.9% in the second quarter. Swiss National Bank now owns 3,534,977 shares of the technology company’s stock valued at $543,786,000 after buying an additional 100,700 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. boosted its stake in International Business Machines Corporation by 3.3% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,808,640 shares of the technology company’s stock valued at $432,053,000 after buying an additional 88,708 shares during the last quarter. 58.73% of the stock is owned by institutional investors and hedge funds.

About International Business Machines Corporation

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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