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

IBM has been the topic of a number of recent analyst reports. Credit Suisse Group AG reissued a “sell” rating on shares of International Business Machines Corp. in a research report on Wednesday, July 13th. Cantor Fitzgerald reissued a “hold” rating and set a $135.00 price target on shares of International Business Machines Corp. in a research report on Wednesday, July 6th. Societe Generale set a $115.00 price target on International Business Machines Corp. and gave the stock a “sell” rating in a research report on Monday, July 11th. Morgan Stanley boosted their price target 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. Finally, Goldman Sachs Group Inc. upped their target price on International Business Machines Corp. from $135.00 to $138.00 and gave the company a “neutral” rating in a research report on Tuesday, April 12th. Five research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and nine have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $151.84.

The company has a 50-day moving average of $154.38 and a 200-day moving average of $144.11. The stock has a market capitalization of $155.21 billion and a PE ratio of 13.18.

International Business Machines Corp. (NYSE:IBM) last announced its quarterly earnings data on Monday, July 18th. The technology company reported $2.95 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.89 by $0.06. The firm earned $20.20 billion during the quarter, compared to analysts’ expectations of $20.03 billion. The company’s revenue for the quarter was down 2.8% compared to the same quarter last year. During the same period in the prior year, the company posted $3.84 EPS. Equities research analysts forecast that International Business Machines Corp. will post $13.50 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, September 10th. Investors of record on Wednesday, August 10th will be issued a $1.40 dividend. This represents a $5.60 dividend on an annualized basis and a dividend yield of 3.45%.

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 $5,512,858.17. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Diane J. Gherson sold 2,986 shares of the stock in a transaction dated Friday, May 6th. The stock was 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.

Other hedge funds and institutional investors have bought and sold shares of the company. Weatherly Asset Management L. P. raised its position in International Business Machines Corp. by 0.6% in the fourth quarter. Weatherly Asset Management L. P. now owns 13,453 shares of the technology company’s stock valued at $1,851,000 after buying an additional 79 shares during the last quarter. Spero Smith Investment Advisers Inc. OH raised its position in International Business Machines Corp. by 1.2% in the fourth quarter. Spero Smith Investment Advisers Inc. OH now owns 10,132 shares of the technology company’s stock worth $1,394,000 after buying an additional 118 shares during the period. Arrow Financial Corp raised its position in International Business Machines Corp. by 0.5% in the fourth quarter. Arrow Financial Corp now owns 24,488 shares of the technology company’s stock worth $3,371,000 after buying an additional 121 shares during the period. Courier Capital Corp raised its position in International Business Machines Corp. by 0.7% in the fourth quarter. Courier Capital Corp now owns 19,874 shares of the technology company’s stock worth $2,735,000 after buying an additional 135 shares during the period. Finally, Aull & Monroe Investment Management Corp raised its position in International Business Machines Corp. by 0.8% in the fourth quarter. Aull & Monroe Investment Management Corp now owns 18,455 shares of the technology company’s stock worth $2,540,000 after buying an additional 150 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).

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.