International Business Machines Corporation (NYSE:IBM)‘s stock had its “hold” rating reaffirmed by Royal Bank Of Canada in a research note issued on Friday.

Other equities research analysts have also issued research reports about the stock. Stifel Nicolaus restated a “buy” rating and issued a $182.00 price target on shares of International Business Machines Corporation in a report on Friday, July 21st. BidaskClub upgraded shares of International Business Machines Corporation from a “strong sell” rating to a “sell” rating in a report on Saturday, August 26th. Vetr upgraded shares of International Business Machines Corporation from a “sell” rating to a “hold” rating and set a $150.26 price target for the company in a report on Monday, July 3rd. ValuEngine lowered shares of International Business Machines Corporation from a “buy” rating to a “hold” rating in a report on Friday, September 15th. Finally, Credit Suisse Group restated an “underperform” rating and issued a $110.00 price target (down previously from $125.00) on shares of International Business Machines Corporation in a report on Monday, July 17th. Seven analysts have rated the stock with a sell rating, seventeen have given a hold rating and nine have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $157.12.

International Business Machines Corporation (NYSE:IBM) last announced its quarterly earnings data on Tuesday, July 18th. The technology company reported $2.97 earnings per share for the quarter, beating analysts’ consensus estimates 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 company had revenue of $19.29 billion during the quarter, compared to analyst estimates of $19.45 billion. During the same quarter last year, the business posted $2.95 EPS. The firm’s revenue for the quarter was down 4.7% on a year-over-year basis.

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Several large investors have recently added to or reduced their stakes in IBM. Jennison Associates raised its stake in shares of International Business Machines Corporation by 4.9% during the 3rd quarter. Jennison Associates now owns 22,999 shares of the technology company’s stock worth $3,334,000 after buying an additional 1,082 shares during the last quarter. Baker Avenue Asset Management raised its stake in shares of International Business Machines Corporation by 61.1% during the 3rd quarter. Baker Avenue Asset Management now owns 39,421 shares of the technology company’s stock worth $5,715,000 after buying an additional 14,944 shares during the last quarter. Northcoast Asset Management raised its stake in shares of International Business Machines Corporation by 101.0% during the 3rd quarter. Northcoast Asset Management now owns 24,357 shares of the technology company’s stock worth $3,531,000 after buying an additional 12,242 shares during the last quarter. Palo Capital raised its stake in shares of International Business Machines Corporation by 10.3% during the 3rd quarter. Palo Capital now owns 7,145 shares of the technology company’s stock worth $1,036,000 after buying an additional 665 shares during the last quarter. Finally, Modera Wealth Management raised its stake in shares of International Business Machines Corporation by 0.3% during the 3rd quarter. Modera Wealth Management now owns 5,663 shares of the technology company’s stock worth $821,000 after buying an additional 17 shares during the last quarter. 57.88% of the stock is owned by institutional investors and hedge funds.

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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