International Business Machines Corporation (NYSE:IBM) had its price objective raised by Barclays PLC from $132.00 to $133.00 in a research note published on Wednesday. Barclays PLC currently has an underweight rating on the technology company’s stock.

Several other analysts also recently weighed in on the company. UBS AG reiterated a hold rating and issued a $152.00 price objective on shares of International Business Machines Corporation in a research report on Tuesday, September 5th. BidaskClub upgraded International Business Machines Corporation from a strong sell rating to a sell rating in a research report on Saturday, August 26th. Morgan Stanley reiterated an overweight rating and issued a $192.00 price objective on shares of International Business Machines Corporation in a research report on Wednesday, August 23rd. Vetr upgraded International Business Machines Corporation from a hold rating to a buy rating and set a $150.68 price objective for the company in a research report on Monday, July 31st. Finally, Drexel Hamilton reiterated a buy rating and issued a $200.00 price objective on shares of International Business Machines Corporation in a research report on Tuesday, July 18th. Eight research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and eight have given a buy rating to the company’s stock. The stock has an average rating of Hold and an average price target of $157.90.

Shares of International Business Machines Corporation (NYSE IBM) traded up 0.73% on Wednesday, reaching $162.07. 7,868,803 shares of the company were exchanged. International Business Machines Corporation has a 12-month low of $139.13 and a 12-month high of $182.79. The firm has a market capitalization of $150.63 billion, a PE ratio of 13.52 and a beta of 0.95. The stock’s 50-day moving average is $146.97 and its 200 day moving average is $151.34.

International Business Machines Corporation (NYSE:IBM) last announced its quarterly earnings data on Tuesday, October 17th. The technology company reported $3.30 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $3.28 by $0.02. International Business Machines Corporation had a return on equity of 68.68% and a net margin of 14.43%. The firm had revenue of $19.15 billion during the quarter, compared to the consensus estimate of $18.63 billion. During the same quarter in the previous year, the company posted $3.29 earnings per share. The business’s revenue was down .4% on a year-over-year basis. On average, analysts forecast that International Business Machines Corporation will post $13.81 EPS for the current year.

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Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Herndon Capital Management LLC grew its holdings in International Business Machines Corporation by 39.0% during the 2nd quarter. Herndon Capital Management LLC now owns 695 shares of the technology company’s stock valued at $107,000 after buying an additional 195 shares in the last quarter. Edge Wealth Management LLC grew its holdings in International Business Machines Corporation by 5.6% during the 2nd quarter. Edge Wealth Management LLC now owns 760 shares of the technology company’s stock valued at $117,000 after buying an additional 40 shares in the last quarter. ETF Managers Group LLC purchased a new position in International Business Machines Corporation during the 2nd quarter valued at approximately $121,000. Peddock Capital Advisors LLC grew its holdings in International Business Machines Corporation by 7.3% during the 2nd quarter. Peddock Capital Advisors LLC now owns 912 shares of the technology company’s stock valued at $140,000 after buying an additional 62 shares in the last quarter. Finally, Horan Securities Inc. grew its holdings in International Business Machines Corporation by 845.5% during the 2nd quarter. Horan Securities Inc. now owns 936 shares of the technology company’s stock valued at $144,000 after buying an additional 837 shares in the last quarter. Institutional investors and hedge funds own 57.84% of the company’s stock.

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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