Shares of International Business Machines Corp. (NYSE:IBM) gapped up prior to trading 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 have issued reports on the company. Morgan Stanley reaffirmed a “buy” rating on shares of International Business Machines Corp. in a research note on Wednesday, May 4th. Vetr lowered International Business Machines Corp. from a “hold” rating to a “sell” rating and set a $150.47 target price for the company. in a research note on Monday, July 11th. Drexel Hamilton reaffirmed a “buy” rating on shares of International Business Machines Corp. in a research note on Friday. Barclays PLC upped their target price on International Business Machines Corp. from $125.00 to $140.00 and gave the stock an “underweight” rating in a research note on Friday. Finally, Wells Fargo & Co. reaffirmed a “market perform” rating on shares of International Business Machines Corp. in a research note on Tuesday, April 19th. Five equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and eight have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $145.48.

The stock has a market cap of $153.38 billion and a price-to-earnings ratio of 12.11. The stock has a 50-day moving average of $152.74 and a 200 day moving average of $142.78.

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

In related news, SVP Leo Allen Bruno V. Di sold 3,900 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at approximately $1,964,585.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Diane J. Gherson sold 2,986 shares of the company’s stock in a transaction dated Friday, May 6th. The shares were sold at an average price of $147.00, for a total value of $438,942.00. Following the transaction, the senior vice president now directly owns 11,408 shares in the company, valued at $1,676,976. The disclosure for this sale can be found here.

Other hedge funds and institutional investors have made changes to their positions in the company. Flippin Bruce & Porter Inc. raised its position in shares of International Business Machines Corp. by 1.4% in the fourth quarter. Flippin Bruce & Porter Inc. now owns 51,341 shares of the technology company’s stock valued at $7,066,000 after buying an additional 723 shares in the last quarter. Roosevelt Investment Group Inc. raised its position in shares of International Business Machines Corp. by 38.2% in the fourth quarter. Roosevelt Investment Group Inc. now owns 19,483 shares of the technology company’s stock valued at $2,681,000 after buying an additional 5,384 shares in the last quarter. R.M.SINCERBEAUX Capital Management LLC raised its position in shares of International Business Machines Corp. by 4.0% in the fourth quarter. R.M.SINCERBEAUX Capital Management LLC now owns 31,445 shares of the technology company’s stock valued at $4,327,000 after buying an additional 1,200 shares in the last quarter. Morningstar Investment Services LLC raised its position in shares of International Business Machines Corp. by 903.8% in the fourth quarter. Morningstar Investment Services LLC now owns 19,083 shares of the technology company’s stock valued at $2,626,000 after buying an additional 17,182 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of International Business Machines Corp. by 6.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,839,451 shares of the technology company’s stock valued at $253,168,000 after buying an additional 118,819 shares in the last quarter.

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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