ValuEngine upgraded shares of International Business Machines Corporation (NYSE:IBM) from a hold rating to a buy rating in a research note issued to investors on Monday morning.

A number of other equities analysts have also commented on the stock. Jefferies Group LLC reiterated a sell rating and set a $125.00 price target on shares of International Business Machines Corporation in a report on Thursday, September 21st. UBS AG reiterated a hold rating and set a $152.00 price target on shares of International Business Machines Corporation in a report on Tuesday, September 5th. 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 hold rating to a buy rating and set a $150.93 target price on the stock in a report on Thursday, August 24th. Finally, Morgan Stanley restated an overweight rating and issued a $192.00 target price on shares of International Business Machines Corporation in a report on Wednesday, August 23rd. Seven analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and nine have issued a buy rating to the company’s stock. The company has a consensus rating of Hold and an average price target of $157.12.

Shares of International Business Machines Corporation (NYSE IBM) traded up 0.57% during mid-day trading on Monday, hitting $147.32. 1,172,512 shares of the company’s stock traded hands. The firm has a 50-day moving average of $144.04 and a 200 day moving average of $153.23. The company has a market cap of $137.29 billion, a PE ratio of 12.23 and a beta of 0.95. International Business Machines Corporation has a 52 week low of $139.13 and a 52 week high of $182.79. International Business Machines Corporation also saw unusually large options trading activity on Monday. Stock investors bought 10,093 call options on the company. This represents an increase of approximately 136% compared to the average volume of 4,279 call options.

International Business Machines Corporation (NYSE:IBM) last issued its quarterly earnings results on Tuesday, July 18th. The technology company reported $2.97 EPS for the quarter, topping analysts’ consensus estimates 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 net margin of 14.58% and a return on equity of 71.53%. International Business Machines Corporation’s revenue was down 4.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.95 earnings per share. Equities research analysts predict that International Business Machines Corporation will post $13.76 EPS for the current year.

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The company also recently declared a quarterly dividend, which was paid on Saturday, September 9th. Investors of record on Thursday, August 10th were issued a dividend of $1.50 per share. This represents a $6.00 annualized dividend and a yield of 4.10%. The ex-dividend date was Tuesday, August 8th. International Business Machines Corporation’s dividend payout ratio (DPR) is presently 49.88%.

A number of institutional investors have recently added to or reduced their stakes in the stock. Fulton Bank N.A. boosted its holdings in International Business Machines Corporation by 7.8% during the third quarter. Fulton Bank N.A. now owns 21,612 shares of the technology company’s stock worth $3,136,000 after purchasing an additional 1,555 shares during the last quarter. Beacon Financial Group boosted its holdings in International Business Machines Corporation by 40.7% during the third quarter. Beacon Financial Group now owns 6,917 shares of the technology company’s stock worth $1,004,000 after purchasing an additional 2,000 shares during the last quarter. Curbstone Financial Management Corp boosted its holdings in International Business Machines Corporation by 93.5% during the third quarter. Curbstone Financial Management Corp now owns 10,386 shares of the technology company’s stock worth $1,507,000 after purchasing an additional 5,018 shares during the last quarter. Park National Corp OH boosted its holdings in International Business Machines Corporation by 3.6% during the third quarter. Park National Corp OH now owns 224,540 shares of the technology company’s stock worth $32,576,000 after purchasing an additional 7,756 shares during the last quarter. Finally, Hefty Wealth Partners boosted its holdings in International Business Machines Corporation by 63.9% during the third quarter. Hefty Wealth Partners now owns 7,972 shares of the technology company’s stock worth $1,157,000 after purchasing an additional 3,109 shares during the last quarter. Institutional investors and hedge funds own 57.88% of the company’s stock.

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.

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Analyst Recommendations for International Business Machines Corporation (NYSE:IBM)

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