Vetr cut shares of International Business Machines Corp. (NYSE:IBM) from a buy rating to a hold rating in a report released on Monday. Vetr currently has $159.83 target price on the technology company’s stock.

Analyst Recommendations for International Business Machines Corp. (NYSE:IBM)

Several other analysts also recently issued reports on the stock. Cantor Fitzgerald reaffirmed a hold rating and issued a $162.00 price target on shares of International Business Machines Corp. in a report on Monday, September 12th. Drexel Hamilton reaffirmed a buy rating and issued a $186.00 price target on shares of International Business Machines Corp. in a report on Wednesday, September 7th. Credit Suisse Group AG reaffirmed an underperform rating and issued a $110.00 price target on shares of International Business Machines Corp. in a report on Saturday, September 3rd. Barclays PLC reaffirmed an underweight rating on shares of International Business Machines Corp. in a report on Tuesday, August 30th. Finally, Oppenheimer Holdings Inc. assumed coverage on shares of International Business Machines Corp. in a report on Monday, August 15th. They issued a market perform rating on the stock. Four analysts have rated the stock with a sell rating, sixteen have given a hold rating and eight have given a buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus target price of $153.22.

International Business Machines Corp. (NYSE:IBM) opened at 154.87 on Monday. The company’s 50 day moving average is $159.60 and its 200-day moving average is $152.80. The stock has a market cap of $148.03 billion, a PE ratio of 12.59 and a beta of 0.77. International Business Machines Corp. has a 52-week low of $116.90 and a 52-week high of $164.95.

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, topping analysts’ consensus estimates of $2.89 by $0.06. The firm had revenue of $20.20 billion for the quarter, compared to the consensus estimate of $20.03 billion. International Business Machines Corp. had a net margin of 14.86% and a return on equity of 88.92%. The firm’s revenue was down 2.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.84 earnings per share. On average, equities analysts anticipate 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 was paid on Saturday, September 10th. Investors of record on Wednesday, August 10th were issued a $1.40 dividend. The ex-dividend date was Monday, August 8th. This represents a $5.60 dividend on an annualized basis and a dividend yield of 3.62%. International Business Machines Corp.’s dividend payout ratio (DPR) is presently 45.53%.

In related news, insider Robert J. Leblanc sold 15,708 shares of the stock in a transaction dated Tuesday, August 9th. The shares were sold at an average price of $162.25, for a total value of $2,548,623.00. Following the sale, the insider now owns 61,374 shares of the company’s stock, valued at approximately $9,957,931.50. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider John E. Kelly III sold 6,698 shares of the stock in a transaction dated Tuesday, August 2nd. The stock was sold at an average price of $160.89, for a total transaction of $1,077,641.22. Following the completion of the sale, the insider now directly owns 33,576 shares in the company, valued at approximately $5,402,042.64. The disclosure for this sale can be found here. 0.08% of the stock is currently owned by corporate insiders.

Hedge funds have recently added to or reduced their stakes in the company. Roble Belko & Company Inc boosted its position in International Business Machines Corp. by 2.9% in the second quarter. Roble Belko & Company Inc now owns 674 shares of the technology company’s stock valued at $102,000 after buying an additional 19 shares during the last quarter. Thomas J. Herzfeld Advisors Inc. bought a new position in International Business Machines Corp. during the second quarter valued at approximately $105,000. Cypress Capital Management LLC WY bought a new position in International Business Machines Corp. during the second quarter valued at approximately $107,000. Jackson Grant Investment Advisers Inc. boosted its position in International Business Machines Corp. by 0.7% in the second quarter. Jackson Grant Investment Advisers Inc. now owns 726 shares of the technology company’s stock valued at $110,000 after buying an additional 5 shares during the last quarter. Finally, Americafirst Capital Management LLC bought a new position in International Business Machines Corp. during the second quarter valued at approximately $120,000. 57.63% of the stock is currently owned by institutional investors and hedge funds.

About International Business Machines Corp.

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).

5 Day Chart for NYSE:IBM

Receive News & Ratings for International Business Machines Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for International Business Machines Corp. and related companies with MarketBeat.com's FREE daily email newsletter.