Shares of International Business Machines Corp. (NYSE:IBM) gapped up before the market opened on Thursday . The stock had previously closed at $157.78, but opened at $158.02. International Business Machines Corp. shares last traded at $159.75, with a volume of 2,576,439 shares traded.

Several analysts recently issued reports on IBM shares. Sanford C. Bernstein cut their target price on International Business Machines Corp. from $190.00 to $180.00 and set a “market perform” rating for the company in a research report on Monday, March 28th. Societe Generale cut International Business Machines Corp. from a “hold” rating to a “sell” rating and cut their target price for the stock from $200.00 to $183.00 in a research report on Monday, March 28th. Morgan Stanley increased their target price on International Business Machines Corp. from $140.00 to $168.00 and gave the stock an “overweight” rating in a research report on Thursday, March 31st. Royal Bank Of Canada increased their price target on International Business Machines Corp. from $135.00 to $155.00 and gave the company a “sector perform” rating in a research note on Friday, April 1st. Finally, TheStreet raised International Business Machines Corp. to a “buy” rating in a research note on Thursday, April 7th. Five research analysts have rated the stock with a sell rating, twelve have issued a hold rating and eight have given a buy rating to the company’s stock. International Business Machines Corp. presently has a consensus rating of “Hold” and an average target price of $144.82.

The firm has a market capitalization of $153.86 billion and a PE ratio of 12.15. The firm has a 50 day moving average price of $152.53 and a 200-day moving average price of $142.62.

International Business Machines Corp. (NYSE:IBM) last released its quarterly earnings results on Monday, April 18th. The technology company reported $2.35 EPS for the quarter, topping analysts’ consensus estimates of $2.09 by $0.26. The firm had revenue of $18.68 billion for the quarter, compared to analyst estimates of $18.28 billion. During the same quarter last year, the company earned $2.91 earnings per share. The firm’s revenue for the quarter was down 4.6% on a year-over-year basis. Equities analysts expect that International Business Machines Corp. will post $13.49 earnings per share for the current fiscal year.

In other International Business Machines Corp. news, SVP Leo Allen Bruno V. Di sold 3,900 shares of the company’s stock in a transaction on Wednesday, April 20th. The stock was sold at an average price of $146.83, for a total transaction of $572,637.00. Following the transaction, the senior vice president now directly owns 13,380 shares in the company, valued at $1,964,585.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Diane J. Gherson sold 2,986 shares of the company’s stock in a transaction on Friday, May 6th. The stock was sold at an average price of $147.00, for a total value of $438,942.00. Following the transaction, the senior vice president now owns 11,408 shares in the company, valued at $1,676,976. The disclosure for this sale can be found here.

A number of hedge funds and institutional investors have recently added to or reduced their stakes in the company. JFS Wealth Advisors LLC boosted its position in International Business Machines Corp. by 3.9% in the fourth quarter. JFS Wealth Advisors LLC now owns 7,449 shares of the technology company’s stock worth $1,025,000 after buying an additional 281 shares during the period. Nelson Van Denburg & Campbell Wealth Management Group LLC raised its stake in International Business Machines Corp. by 5.0% in the fourth quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 8,099 shares of the technology company’s stock worth $1,115,000 after buying an additional 386 shares in the last quarter. Savant Capital LLC raised its stake in International Business Machines Corp. by 11.2% in the fourth quarter. Savant Capital LLC now owns 8,791 shares of the technology company’s stock worth $1,210,000 after buying an additional 883 shares in the last quarter. Bronfman E.L. Rothschild L.P. bought a new stake in International Business Machines Corp. during the fourth quarter worth $1,360,000. Finally, Trexquant Investment LP bought a new stake in International Business Machines Corp. during the fourth quarter worth $1,362,000.

International Business Machines Corporation (IBM) is a technology company. The Company operates through five segments: Global Technology Services (GTS), Global Business Services (GBS), Software, Systems Hardware and Global Financing. The Company’s GTS segment offers services, including strategic outsourcing, integrated technology services, cloud and technology support services (maintenance services).

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