International Business Machines Corporation (NYSE:IBM) shares reached a new 52-week low on Monday . The stock traded as low as $143.52 and last traded at $143.36, with a volume of 2,711,564 shares changing hands. The stock had previously closed at $145.16.

IBM has been the topic of several research analyst reports. Jefferies Group LLC set a $135.00 price target on shares of International Business Machines Corporation and gave the company a “sell” rating in a report on Friday, May 19th. Drexel Hamilton reissued a “buy” rating and issued a $200.00 price target (down from $215.00) on shares of International Business Machines Corporation in a report on Saturday, April 22nd. Stifel Nicolaus reissued a “buy” rating and issued a $182.00 price target on shares of International Business Machines Corporation in a report on Friday, July 21st. Bank of America Corporation reissued a “buy” rating and issued a $180.00 price target (down from $185.00) on shares of International Business Machines Corporation in a report on Wednesday, April 19th. Finally, TheStreet cut shares of International Business Machines Corporation to a “hold” rating in a report on Friday, April 21st. Seven investment analysts have rated the stock with a sell rating, eighteen have given a hold rating and seven have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $157.40.

The stock’s 50-day moving average is $151.77 and its 200-day moving average is $163.85. The firm has a market capitalization of $133.58 billion, a PE ratio of 11.8964 and a beta of 0.97.

International Business Machines Corporation (NYSE:IBM) last released its quarterly earnings results on Tuesday, July 18th. The technology company reported $2.97 EPS for the quarter, topping the Zacks’ consensus estimate of $2.74 by $0.23. International Business Machines Corporation had a net margin of 14.58% and a return on equity of 71.53%. The business had revenue of $19.29 billion during the quarter, compared to analysts’ expectations of $19.45 billion. During the same quarter in the previous year, the company earned $2.95 EPS. The business’s quarterly revenue was down 4.7% compared to the same quarter last year. On average, analysts forecast that International Business Machines Corporation will post $13.74 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, September 9th. Stockholders of record on Thursday, August 10th will be paid a $1.50 dividend. The ex-dividend date of this dividend is Tuesday, August 8th. This represents a $6.00 dividend on an annualized basis and a dividend yield of 4.13%. International Business Machines Corporation’s dividend payout ratio (DPR) is 49.88%.

In other International Business Machines Corporation news, Director James W. Owens acquired 1,718 shares of the business’s stock in a transaction dated 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 transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.23% of the stock is currently owned by corporate insiders.

Several large investors have recently made changes to their positions in the stock. Herndon Capital Management LLC increased its stake in International Business Machines Corporation by 39.0% in the second quarter. Herndon Capital Management LLC now owns 695 shares of the technology company’s stock worth $107,000 after buying an additional 195 shares during the period. Thomas J. Herzfeld Advisors Inc. purchased a new stake in International Business Machines Corporation during the fourth quarter worth $117,000. Jackson Grant Investment Advisers Inc. increased its stake in International Business Machines Corporation by 0.8% in the fourth quarter. Jackson Grant Investment Advisers Inc. now owns 737 shares of the technology company’s stock worth $122,000 after buying an additional 6 shares during the period. Edge Wealth Management LLC increased its stake in International Business Machines Corporation by 5.6% in the second quarter. Edge Wealth Management LLC now owns 760 shares of the technology company’s stock worth $117,000 after buying an additional 40 shares during the period. Finally, Peddock Capital Advisors LLC increased its stake in International Business Machines Corporation by 7.3% in the second quarter. Peddock Capital Advisors LLC now owns 912 shares of the technology company’s stock worth $140,000 after buying an additional 62 shares during the period. 58.73% of the stock is owned by institutional investors.

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About International Business Machines Corporation

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.

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