International Business Machines Corp. (NYSE:IBM) hit a new 52-week high during trading on Monday . The stock traded as high as $162.88 and last traded at $162.23, with a volume of 1,469,789 shares trading hands. The stock had previously closed at $162.07.

Several research analysts have issued reports on the company. Standpoint Research lowered International Business Machines Corp. from a “buy” rating to a “hold” rating in a report on Monday. Barclays PLC increased their price target on International Business Machines Corp. from $125.00 to $140.00 and gave the stock an “underweight” rating in a report on Friday, July 15th. Drexel Hamilton reiterated a “buy” rating and issued a $166.00 price target on shares of International Business Machines Corp. in a report on Friday, July 15th. Citigroup Inc. increased their price target on International Business Machines Corp. from $140.00 to $160.00 and gave the stock a “neutral” rating in a report on Tuesday, July 19th. Finally, Goldman Sachs Group Inc. reiterated a “neutral” rating and issued a $147.00 price target on shares of International Business Machines Corp. in a report on Tuesday, July 19th. Five analysts have rated the stock with a sell rating, fourteen have issued a hold rating and nine have assigned a buy rating to the stock. International Business Machines Corp. has an average rating of “Hold” and an average target price of $151.84.

The stock’s 50 day moving average is $153.83 and its 200-day moving average is $143.56. The firm has a market capitalization of $155.40 billion and a P/E ratio of 13.20.

International Business Machines Corp. (NYSE:IBM) last released its quarterly earnings data on Monday, July 18th. The technology company reported $2.95 EPS for the quarter, beating the consensus estimate of $2.89 by $0.06. The company had revenue of $20.20 billion for the quarter, compared to the consensus estimate of $20.03 billion. During the same period last year, the company earned $3.84 EPS. The firm’s revenue for the quarter was down 2.8% on a year-over-year basis. On average, equities research analysts expect that International Business Machines Corp. will post $13.51 EPS for the current fiscal year.

In other International Business Machines Corp. news, SVP Robert J. Picciano sold 3,090 shares of the stock in a transaction dated Thursday, May 5th. The shares were sold at an average price of $146.49, for a total transaction of $452,654.10. Following the completion of the transaction, the senior vice president now owns 37,633 shares of the company’s stock, valued at approximately $5,512,858.17. 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 stock in a transaction dated Friday, May 6th. The shares were sold at an average price of $147.00, for a total transaction of $438,942.00. Following the transaction, the senior vice president now directly owns 11,408 shares of the company’s stock, valued at approximately $1,676,976. The disclosure for this sale can be found here.

Several hedge funds and institutional investors recently added to or reduced their stakes in the stock. Nicholas Co. Inc. WI bought a new position in International Business Machines Corp. during the fourth quarter valued at approximately $120,906,000. Flippin Bruce & Porter Inc. increased its position in 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 during the period. Roosevelt Investment Group Inc. increased its position in 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 during the period. R.M.SINCERBEAUX Capital Management LLC increased its position in 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 during the period. Finally, Morningstar Investment Services LLC increased its position in 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 during the period.

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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