Vetr upgraded shares of International Business Machines Corporation (NYSE:IBM) from a sell rating to a hold rating in a research report released on Monday. They currently have $150.26 price target on the technology company’s stock.

Several other research firms have also recently weighed in on IBM. Bank of America Corporation restated a buy rating and set a $200.00 price target (up previously from $185.00) on shares of International Business Machines Corporation in a report on Thursday, February 23rd. Cowen and Company restated an underperform rating and set a $125.00 price target on shares of International Business Machines Corporation in a report on Wednesday, March 8th. Wells Fargo & Co restated a market perform rating and set a $185.00 price target (up previously from $165.00) on shares of International Business Machines Corporation in a report on Wednesday, March 8th. Drexel Hamilton raised their price target on International Business Machines Corporation from $186.00 to $215.00 and gave the company a buy rating in a report on Tuesday, March 7th. Finally, Sanford C. Bernstein raised their price target on International Business Machines Corporation to $150.00 in a report on Monday, March 6th. Eight analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and six have assigned a buy rating to the stock. The stock presently has an average rating of Hold and an average price target of $164.85.

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

Shares of International Business Machines Corporation (NYSE:IBM) traded up 0.16% on Monday, hitting $155.08. The stock had a trading volume of 504,288 shares. The firm has a 50-day moving average price of $153.39 and a 200-day moving average price of $167.16. The stock has a market capitalization of $145.70 billion, a P/E ratio of 12.75 and a beta of 0.97. International Business Machines Corporation has a 52 week low of $142.50 and a 52 week high of $182.79.

International Business Machines Corporation (NYSE:IBM) last issued its earnings results on Tuesday, April 18th. The technology company reported $2.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.35 by $0.03. The company had revenue of $18.16 billion for the quarter, compared to the consensus estimate of $18.37 billion. International Business Machines Corporation had a return on equity of 74.46% and a net margin of 14.62%. The firm’s quarterly revenue was down 2.8% on a year-over-year basis. During the same quarter last year, the company earned $2.35 EPS. Equities analysts expect that International Business Machines Corporation will post $13.70 earnings per share for the current fiscal year.

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The firm also recently declared a quarterly dividend, which was paid on Saturday, June 10th. Investors of record on Wednesday, May 10th were issued a $1.50 dividend. This is a boost from International Business Machines Corporation’s previous quarterly dividend of $1.40. The ex-dividend date was Monday, May 8th. This represents a $6.00 dividend on an annualized basis and a yield of 3.87%. International Business Machines Corporation’s dividend payout ratio is presently 49.34%.

In other International Business Machines Corporation news, Director James W. Owens purchased 1,718 shares of International Business Machines Corporation stock in a transaction that occurred on Tuesday, May 16th. The stock was bought at an average price of $153.19 per share, with a total value of $263,180.42. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.23% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in IBM. BlackRock Inc. boosted its position in International Business Machines Corporation by 2,275.4% in the first quarter. BlackRock Inc. now owns 51,694,919 shares of the technology company’s stock worth $9,002,153,000 after buying an additional 49,518,677 shares during the last quarter. Norges Bank purchased a new position in shares of International Business Machines Corporation during the fourth quarter worth approximately $1,366,710,000. Vanguard Group Inc. boosted its position in shares of International Business Machines Corporation by 3.7% in the first quarter. Vanguard Group Inc. now owns 59,986,222 shares of the technology company’s stock worth $10,446,001,000 after buying an additional 2,123,985 shares during the last quarter. Renaissance Technologies LLC purchased a new position in shares of International Business Machines Corporation during the first quarter worth approximately $352,407,000. Finally, Asset Management One Co. Ltd. boosted its position in shares of International Business Machines Corporation by 1,629.0% in the fourth quarter. Asset Management One Co. Ltd. now owns 1,573,373 shares of the technology company’s stock worth $261,234,000 after buying an additional 1,482,372 shares during the last quarter. 58.29% of the stock is owned by institutional investors.

International Business Machines Corporation Company Profile

International Business Machines Corporation (IBM) is a technology company. The Company operates through five segments: Cognitive Solutions, Global Business Services (GBS), Technology Services & Cloud Platforms, Systems and Global Financing. The Cognitive Solutions segment delivers a spectrum of capabilities, from descriptive, predictive and prescriptive analytics to cognitive systems.

To view Vetr’s full report, visit Vetr’s official website.

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