IBM (NYSE:IBM) had its target price lowered by Morgan Stanley from $185.00 to $168.00 in a research report report published on Wednesday, The Fly reports. The firm currently has an overweight rating on the technology company’s stock.

A number of other analysts also recently commented on IBM. Nomura started coverage on IBM in a research report on Wednesday, June 27th. They issued a buy rating and a $160.00 price objective for the company. Stifel Nicolaus reduced their price objective on IBM from $182.00 to $178.00 and set a buy rating for the company in a research report on Thursday, July 19th. BMO Capital Markets reduced their price objective on IBM from $175.00 to $172.00 and set a $149.24 rating for the company in a research report on Thursday, July 19th. JPMorgan Chase & Co. reiterated a $149.24 rating and issued a $157.00 price objective on shares of IBM in a research report on Thursday, July 19th. Finally, Societe Generale set a $149.00 price objective on IBM and gave the stock a sell rating in a research report on Thursday, July 19th. Three analysts have rated the stock with a sell rating, eleven have given a hold rating and ten have given a buy rating to the company. The company currently has a consensus rating of Hold and an average target price of $167.39.

NYSE:IBM traded down $1.45 during mid-day trading on Wednesday, hitting $129.10. 7,720,962 shares of the company’s stock traded hands, compared to its average volume of 6,628,948. IBM has a 12 month low of $127.96 and a 12 month high of $171.13. The company has a market cap of $119.16 billion, a price-to-earnings ratio of 9.36, a PEG ratio of 1.90 and a beta of 0.87. The company has a quick ratio of 1.27, a current ratio of 1.31 and a debt-to-equity ratio of 1.81.

IBM (NYSE:IBM) last announced its earnings results on Tuesday, October 16th. The technology company reported $3.42 earnings per share for the quarter, beating the consensus estimate of $3.40 by $0.02. IBM had a return on equity of 69.98% and a net margin of 7.12%. The firm had revenue of $18.76 billion during the quarter, compared to the consensus estimate of $19.04 billion. During the same quarter in the prior year, the company earned $3.30 EPS. The firm’s revenue for the quarter was down 2.1% compared to the same quarter last year. Analysts anticipate that IBM will post 13.82 EPS for the current year.

In related news, insider Diane J. Gherson sold 11,451 shares of the firm’s stock in a transaction that occurred on Friday, August 3rd. The stock was sold at an average price of $145.42, for a total transaction of $1,665,204.42. Following the completion of the transaction, the insider now owns 19,114 shares in the company, valued at approximately $2,779,557.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.17% of the stock is owned by company insiders.

Institutional investors have recently bought and sold shares of the stock. Coastline Trust Co lifted its position in shares of IBM by 14.7% during the 2nd quarter. Coastline Trust Co now owns 19,353 shares of the technology company’s stock worth $2,704,000 after buying an additional 2,475 shares during the period. Berkshire Asset Management LLC PA lifted its position in shares of IBM by 2.4% during the 3rd quarter. Berkshire Asset Management LLC PA now owns 20,690 shares of the technology company’s stock worth $3,129,000 after buying an additional 481 shares during the period. Argus Investors Counsel Inc. lifted its position in shares of IBM by 18.8% during the 2nd quarter. Argus Investors Counsel Inc. now owns 27,425 shares of the technology company’s stock worth $3,831,000 after buying an additional 4,349 shares during the period. Viking Fund Management LLC increased its holdings in IBM by 3.8% during the 3rd quarter. Viking Fund Management LLC now owns 27,000 shares of the technology company’s stock valued at $4,083,000 after purchasing an additional 1,000 shares in the last quarter. Finally, Grassi Investment Management increased its holdings in IBM by 2.0% during the 2nd quarter. Grassi Investment Management now owns 49,795 shares of the technology company’s stock valued at $6,956,000 after purchasing an additional 965 shares in the last quarter. Institutional investors and hedge funds own 55.42% of the company’s stock.

About IBM

International Business Machines Corporation operates as an integrated technology and services company worldwide. Its Cognitive Solutions segment offers Watson, a cognitive computing platform that interacts in natural language, processes big data, and learns from interactions with people and computers.

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