Vetr downgraded shares of International Business Machines Corporation (NYSE:IBM) from a buy rating to a hold rating in a report issued on Monday. They currently have $150.68 price target on the technology company’s stock.

Other research analysts also recently issued research reports about the stock. Bank of America Corporation restated a buy rating and set a $180.00 price objective (down previously from $185.00) on shares of International Business Machines Corporation in a research report on Wednesday, April 19th. Stifel Nicolaus restated a buy rating and set a $192.00 price objective on shares of International Business Machines Corporation in a research report on Wednesday, April 19th. Drexel Hamilton reiterated a buy rating and issued a $200.00 price target (down from $215.00) on shares of International Business Machines Corporation in a research report on Saturday, April 22nd. Standpoint Research upgraded shares of International Business Machines Corporation from a hold rating to a buy rating in a research report on Wednesday, July 19th. Finally, Argus reiterated a buy rating and issued a $175.00 price target (down from $192.00) on shares of International Business Machines Corporation in a research report on Friday, July 21st. Seven research analysts have rated the stock with a sell rating, eighteen have given a hold rating and seven have given a buy rating to the company’s stock. The company has an average rating of Hold and an average target price of $157.40.

Shares of International Business Machines Corporation (NYSE IBM) opened at 143.47 on Monday. The company has a 50 day moving average of $151.77 and a 200-day moving average of $163.85. International Business Machines Corporation has a 12-month low of $142.75 and a 12-month high of $182.79. The company has a market cap of $133.71 billion, a PE ratio of 11.91 and a beta of 0.97.

International Business Machines Corporation (NYSE:IBM) last issued its quarterly earnings data on Tuesday, July 18th. The technology company reported $2.97 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.74 by $0.23. The company had revenue of $19.29 billion for the quarter, compared to the consensus estimate of $19.45 billion. International Business Machines Corporation had a net margin of 14.58% and a return on equity of 71.53%. The firm’s revenue for the quarter was down 4.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.95 earnings per share. Equities research analysts anticipate that International Business Machines Corporation will post $13.74 earnings per share for the current year.

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The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, September 9th. Shareholders 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 4.18%. International Business Machines Corporation’s payout ratio is currently 49.88%.

In other International Business Machines Corporation news, Director James W. Owens acquired 1,718 shares of the company’s stock in a transaction on Tuesday, May 16th. The stock was acquired at an average cost of $153.19 per share, with a total value of $263,180.42. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 0.23% of the company’s stock.

Several institutional investors have recently modified their holdings of IBM. CKW Financial Group boosted its position in shares of International Business Machines Corporation by 0.3% in the second quarter. CKW Financial Group now owns 941 shares of the technology company’s stock worth $146,000 after buying an additional 3 shares during the last quarter. Independence Advisors LLC boosted its position in shares of International Business Machines Corporation by 0.3% in the first quarter. Independence Advisors LLC now owns 1,937 shares of the technology company’s stock worth $337,000 after buying an additional 5 shares during the last quarter. Jackson Grant Investment Advisers Inc. boosted its position in shares of 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 last quarter. K.J. Harrison & Partners Inc boosted its position in shares of International Business Machines Corporation by 0.4% in the first quarter. K.J. Harrison & Partners Inc now owns 1,955 shares of the technology company’s stock worth $340,000 after buying an additional 7 shares during the last quarter. Finally, Arthur M. Cohen & Associates LLC boosted its position in shares of International Business Machines Corporation by 0.5% in the first quarter. Arthur M. Cohen & Associates LLC now owns 1,362 shares of the technology company’s stock worth $237,000 after buying an additional 7 shares during the last quarter. 58.73% of the stock is owned by institutional investors and hedge funds.

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.

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

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