Societe Generale set a $160.00 price objective on International Business Machines Corporation (NYSE:IBM) in a research report sent to investors on Thursday morning. The brokerage currently has a hold rating on the technology company’s stock.

Other research analysts also recently issued reports about the stock. Cantor Fitzgerald set a $162.00 price objective on shares of International Business Machines Corporation and gave the company a hold rating in a research report on Saturday, October 15th. Stifel Nicolaus boosted their price objective on shares of International Business Machines Corporation from $165.00 to $192.00 and gave the company a buy rating in a research report on Thursday. Morgan Stanley boosted their price objective on shares of International Business Machines Corporation to $9.00 in a research report on Thursday. Goldman Sachs Group, Inc. (The) lowered their price objective on shares of International Business Machines Corporation from $147.00 to $145.00 and set a neutral rating on the stock in a research report on Tuesday, October 18th. Finally, Sanford C. Bernstein reaffirmed a market perform rating and set a $140.00 price objective on shares of International Business Machines Corporation in a research report on Friday, October 21st. Three equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and nine have assigned a buy rating to the stock. The company currently has an average rating of Hold and a consensus target price of $152.60.

Analyst Recommendations for International Business Machines Corporation (NYSE:IBM)

Shares of International Business Machines Corporation (NYSE:IBM) traded down 0.36% during trading on Thursday, hitting $167.34. 2,874,587 shares of the stock were exchanged. The stock has a market cap of $159.12 billion, a price-to-earnings ratio of 13.63 and a beta of 0.97. The stock’s 50 day moving average is $165.82 and its 200-day moving average is $159.21. International Business Machines Corporation has a 12-month low of $116.90 and a 12-month high of $169.95.

International Business Machines Corporation (NYSE:IBM) last announced its quarterly earnings data on Monday, October 17th. The technology company reported $3.29 EPS for the quarter, beating the Zacks’ consensus estimate of $3.24 by $0.05. International Business Machines Corporation had a net margin of 14.75% and a return on equity of 82.86%. The firm had revenue of $19.23 billion for the quarter, compared to the consensus estimate of $19 billion. During the same period in the previous year, the firm posted $3.34 earnings per share. The firm’s revenue was down .3% on a year-over-year basis. Equities research analysts anticipate that International Business Machines Corporation will post $13.49 EPS for the current year.

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In other news, insider Kralingen Bridget A. Van sold 330 shares of the company’s stock in a transaction dated Thursday, October 20th. The shares were sold at an average price of $152.05, for a total value of $50,176.50. Following the sale, the insider now owns 6,977 shares of the company’s stock, valued at approximately $1,060,852.85. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Kralingen Bridget A. Van sold 2,107 shares of the company’s stock in a transaction dated Tuesday, November 22nd. The stock was sold at an average price of $162.44, for a total transaction of $342,261.08. Following the completion of the sale, the insider now directly owns 4,147 shares in the company, valued at approximately $673,638.68. The disclosure for this sale can be found here. 0.08% of the stock is currently owned by insiders.

Several large investors have recently bought and sold shares of IBM. CKW Financial Group raised its stake in International Business Machines Corporation by 0.4% in the third quarter. CKW Financial Group now owns 815 shares of the technology company’s stock valued at $129,000 after buying an additional 3 shares during the last quarter. Jackson Grant Investment Advisers Inc. raised its stake in International Business Machines Corporation 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. Bridgewater Wealth & Financial Management LLC increased its position in shares of International Business Machines Corporation by 0.3% in the third quarter. Bridgewater Wealth & Financial Management LLC now owns 1,730 shares of the technology company’s stock valued at $275,000 after buying an additional 5 shares during the period. Round Table Services LLC increased its position in shares of International Business Machines Corporation by 0.4% in the second quarter. Round Table Services LLC now owns 1,620 shares of the technology company’s stock valued at $246,000 after buying an additional 6 shares during the period. Finally, Alpha Windward LLC increased its position in shares of International Business Machines Corporation by 0.7% in the third quarter. Alpha Windward LLC now owns 1,333 shares of the technology company’s stock valued at $212,000 after buying an additional 9 shares during the period. 57.10% of the stock is currently owned by institutional investors and hedge funds.

About International Business Machines Corporation

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

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