International Business Machines Corp. (NYSE:IBM) shares hit a new 52-week high on Thursday . The company traded as high as $164.95 and last traded at $163.88, with a volume of 7,020,740 shares changing hands. The stock had previously closed at $162.08.

A number of research analysts recently weighed in on the stock. Cantor Fitzgerald restated a “hold” rating on shares of International Business Machines Corp. in a research report on Monday. Standpoint Research downgraded shares of International Business Machines Corp. from a “buy” rating to a “hold” rating in a research report on Monday, July 25th. Cowen and Company restated an “outperform” rating on shares of International Business Machines Corp. in a research report on Wednesday, July 20th. RBC Capital Markets restated a “sector perform” rating and set a $165.00 price objective (up previously from $155.00) on shares of International Business Machines Corp. in a research report on Tuesday, July 19th. Finally, Societe Generale set a $130.00 price objective on shares of International Business Machines Corp. and gave the company a “sell” rating in a research report on Tuesday, July 19th. Five research analysts have rated the stock with a sell rating, fourteen have given a hold rating and nine have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $151.84.

The stock has a market cap of $156.19 billion and a PE ratio of 13.29. The stock has a 50-day moving average price of $157.25 and a 200 day moving average price of $146.51.

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. On average, analysts forecast that International Business Machines Corp. will post $13.51 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 3.46%. The ex-dividend date of this dividend is Monday, August 8th.

In other International Business Machines Corp. news, insider John E. Kelly III sold 6,698 shares of the company’s stock in a transaction dated Tuesday, August 2nd. The shares were sold at an average price of $160.89, for a total value of $1,077,641.22. Following the transaction, the insider now owns 33,576 shares of the company’s stock, valued at $5,402,042.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Robert J. Leblanc sold 15,708 shares of the company’s stock in a transaction dated Tuesday, August 9th. The shares were sold at an average price of $162.25, for a total transaction of $2,548,623.00. Following the completion of the transaction, the insider now directly owns 61,374 shares in the company, valued at approximately $9,957,931.50. The disclosure for this sale can be found here.

A number of hedge funds and institutional investors recently bought and sold shares of IBM. Nicholas Co. Inc. WI bought a new position in International Business Machines Corp. during the fourth quarter worth approximately $120,906,000. Vanguard Group Inc. boosted its position in International Business Machines Corp. by 1.4% in the fourth quarter. Vanguard Group Inc. now owns 58,796,441 shares of the technology company’s stock worth $8,091,565,000 after buying an additional 823,665 shares during the last quarter. Winton Capital Group Ltd boosted its position in International Business Machines Corp. by 97.6% in the fourth quarter. Winton Capital Group Ltd now owns 1,415,447 shares of the technology company’s stock worth $194,794,000 after buying an additional 699,239 shares during the last quarter. Morgan Stanley boosted its position in International Business Machines Corp. by 14.3% in the fourth quarter. Morgan Stanley now owns 4,399,774 shares of the technology company’s stock worth $605,498,000 after buying an additional 550,479 shares during the last quarter. Finally, BHF Kleinwort Benson Group S.A. bought a new position in International Business Machines Corp. during the fourth quarter worth approximately $29,057,000.

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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