International Business Machines Corp. (NYSE:IBM) – Equities research analysts at KeyCorp lifted their FY2017 earnings estimates for shares of International Business Machines in a research report issued to clients and investors on Monday. KeyCorp analyst A. Ramnani now forecasts that the technology company will earn $13.78 per share for the year, up from their previous forecast of $13.76. KeyCorp currently has a “Hold” rating on the stock.

International Business Machines (NYSE:IBM) last posted its quarterly earnings results on Tuesday, October 17th. The technology company reported $3.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.28 by $0.02. The firm had revenue of $19.15 billion for the quarter, compared to analysts’ expectations of $18.63 billion. International Business Machines had a net margin of 14.43% and a return on equity of 68.68%. The firm’s quarterly revenue was down .4% on a year-over-year basis. During the same period in the prior year, the company posted $3.29 earnings per share.

Other analysts have also recently issued reports about the stock. Drexel Hamilton reaffirmed a “buy” rating and issued a $200.00 price target on shares of International Business Machines in a report on Tuesday, October 17th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $182.00 price target on shares of International Business Machines in a report on Friday, October 6th. ValuEngine raised shares of International Business Machines from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Vetr raised shares of International Business Machines from a “hold” rating to a “buy” rating and set a $164.53 target price on the stock in a report on Tuesday, October 24th. Finally, Pivotal Research began coverage on shares of International Business Machines in a report on Friday, October 27th. They set a “buy” rating and a $180.00 target price on the stock. Six investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and thirteen have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $159.90.

Shares of International Business Machines (NYSE:IBM) opened at $163.85 on Wednesday. The stock has a market cap of $151,690.00, a price-to-earnings ratio of 13.68, a P/E/G ratio of 2.38 and a beta of 0.94. The company has a quick ratio of 1.36, a current ratio of 1.41 and a debt-to-equity ratio of 2.09. International Business Machines has a twelve month low of $139.13 and a twelve month high of $182.79.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. CKW Financial Group grew its position in International Business Machines by 0.3% in the 2nd quarter. CKW Financial Group now owns 941 shares of the technology company’s stock valued at $146,000 after buying an additional 3 shares in the last quarter. Milestone Group Inc. grew its position in International Business Machines by 0.4% in the 2nd quarter. Milestone Group Inc. now owns 2,244 shares of the technology company’s stock valued at $345,000 after buying an additional 8 shares in the last quarter. Hugh Johnson Advisors LLC grew its position in International Business Machines by 0.9% in the 2nd quarter. Hugh Johnson Advisors LLC now owns 1,403 shares of the technology company’s stock valued at $216,000 after buying an additional 12 shares in the last quarter. Anchor Capital Advisors LLC grew its position in International Business Machines by 0.9% in the 2nd quarter. Anchor Capital Advisors LLC now owns 1,555 shares of the technology company’s stock valued at $239,000 after buying an additional 14 shares in the last quarter. Finally, Rench Wealth Management Inc. grew its position in International Business Machines by 1.0% in the 2nd quarter. Rench Wealth Management Inc. now owns 1,486 shares of the technology company’s stock valued at $229,000 after buying an additional 14 shares in the last quarter. Hedge funds and other institutional investors own 57.12% of the company’s stock.

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About International Business Machines

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.

Earnings History and Estimates for International Business Machines (NYSE:IBM)

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