International Business Machines Corporation (NYSE:IBM)‘s stock had its “hold” rating restated by investment analysts at KeyCorp in a research note issued on Friday.

Other equities research analysts have also issued research reports about the stock. Argus reissued a “buy” rating and issued a $175.00 price target (down previously from $192.00) on shares of International Business Machines Corporation in a report on Friday, July 21st. Cantor Fitzgerald reissued a “hold” rating and issued a $154.00 price target (down previously from $166.00) on shares of International Business Machines Corporation in a report on Wednesday, July 19th. UBS Group AG (USA) reissued a “neutral” rating and issued a $159.00 price target (down previously from $167.00) on shares of International Business Machines Corporation in a report on Saturday, July 22nd. Vetr raised shares of International Business Machines Corporation from a “hold” rating to a “buy” rating and set a $150.68 price target on the stock in a report on Monday, July 31st. Finally, Wedbush reissued a “neutral” rating and issued a $155.00 price target on shares of International Business Machines Corporation in a report on Wednesday, August 9th. Eight analysts have rated the stock with a sell rating, eighteen have issued a hold rating and ten have given a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $158.90.

Shares of International Business Machines Corporation (NYSE:IBM) traded down $2.45 during mid-day trading on Friday, reaching $151.58. 4,420,582 shares of the company were exchanged, compared to its average volume of 5,110,000. International Business Machines Corporation has a fifty-two week low of $139.13 and a fifty-two week high of $182.79. The company has a market capitalization of $140.33 billion, a price-to-earnings ratio of 11.23, a P/E/G ratio of 2.25 and a beta of 0.94. The company has a debt-to-equity ratio of 2.09, a current ratio of 1.41 and a quick ratio of 1.36.

International Business Machines Corporation (NYSE:IBM) last announced its earnings results on Tuesday, October 17th. The technology company reported $3.30 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $3.28 by $0.02. The business had revenue of $19.15 billion for the quarter, compared to analyst estimates of $18.63 billion. International Business Machines Corporation had a net margin of 14.43% and a return on equity of 68.68%. International Business Machines Corporation’s revenue was down .4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.29 earnings per share. equities analysts anticipate that International Business Machines Corporation will post 13.8 EPS for the current fiscal year.

International Business Machines Corporation announced that its Board of Directors has approved a share repurchase plan on Tuesday, October 31st that authorizes the company to repurchase $3.00 billion in shares. This repurchase authorization authorizes the technology company to purchase shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its stock is undervalued.

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Hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in International Business Machines Corporation by 3.7% during the 2nd quarter. Vanguard Group Inc. now owns 62,228,040 shares of the technology company’s stock worth $9,572,538,000 after purchasing an additional 2,241,818 shares in the last quarter. BlackRock Inc. increased its stake in International Business Machines Corporation by 2.4% during the 2nd quarter. BlackRock Inc. now owns 52,936,360 shares of the technology company’s stock worth $8,143,204,000 after purchasing an additional 1,241,441 shares in the last quarter. State Street Corp increased its stake in International Business Machines Corporation by 0.4% during the 1st quarter. State Street Corp now owns 51,198,962 shares of the technology company’s stock worth $8,915,788,000 after purchasing an additional 181,993 shares in the last quarter. Schwab Charles Investment Management Inc. increased its stake in International Business Machines Corporation by 3.0% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 4,651,213 shares of the technology company’s stock worth $715,497,000 after purchasing an additional 134,862 shares in the last quarter. Finally, Swiss National Bank increased its stake in International Business Machines Corporation by 2.9% during the 2nd quarter. Swiss National Bank now owns 3,534,977 shares of the technology company’s stock worth $543,786,000 after purchasing an additional 100,700 shares in the last quarter. 57.88% of the stock is owned by institutional investors.

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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