International Business Machines (NYSE:IBM – Get Free Report) had its price objective decreased by research analysts at Jefferies Financial Group from $270.00 to $265.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm currently has a “hold” rating on the technology company’s stock. Jefferies Financial Group’s price objective suggests a potential upside of 5.86% from the company’s current price.
IBM has been the topic of several other research reports. Sanford C. Bernstein upped their price target on International Business Machines from $210.00 to $215.00 and gave the company a “market perform” rating in a research note on Friday, January 3rd. BMO Capital Markets raised their price target on shares of International Business Machines from $260.00 to $280.00 and gave the company a “market perform” rating in a research report on Thursday, January 30th. Erste Group Bank upgraded International Business Machines from a “hold” rating to a “strong-buy” rating in a research note on Monday, March 17th. Wedbush assumed coverage on International Business Machines in a research note on Monday, February 3rd. They issued an “outperform” rating for the company. Finally, StockNews.com cut shares of International Business Machines from a “buy” rating to a “hold” rating in a report on Saturday, March 15th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, International Business Machines has a consensus rating of “Hold” and a consensus price target of $231.13.
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International Business Machines Price Performance
NYSE:IBM opened at $250.34 on Monday. The stock has a market capitalization of $232.13 billion, a PE ratio of 39.05, a price-to-earnings-growth ratio of 5.81 and a beta of 0.74. International Business Machines has a 52 week low of $162.62 and a 52 week high of $266.45. The company has a quick ratio of 1.00, a current ratio of 1.04 and a debt-to-equity ratio of 1.82. The stock’s 50-day moving average price is $250.52 and its 200-day moving average price is $232.13.
International Business Machines (NYSE:IBM – Get Free Report) last issued its quarterly earnings results on Wednesday, January 29th. The technology company reported $3.92 EPS for the quarter, topping the consensus estimate of $3.77 by $0.15. International Business Machines had a net margin of 9.60% and a return on equity of 38.99%. As a group, equities analysts expect that International Business Machines will post 10.78 EPS for the current fiscal year.
Insider Activity
In other news, SVP Robert David Thomas sold 26,543 shares of International Business Machines stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $253.01, for a total value of $6,715,644.43. Following the completion of the sale, the senior vice president now owns 45,007 shares of the company’s stock, valued at $11,387,221.07. The trade was a 37.10 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.18% of the company’s stock.
Institutional Investors Weigh In On International Business Machines
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Neville Rodie & Shaw Inc. grew its position in International Business Machines by 0.5% in the first quarter. Neville Rodie & Shaw Inc. now owns 54,305 shares of the technology company’s stock valued at $13,504,000 after acquiring an additional 294 shares in the last quarter. MassMutual Private Wealth & Trust FSB increased its stake in shares of International Business Machines by 0.8% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 8,795 shares of the technology company’s stock worth $2,187,000 after buying an additional 70 shares during the last quarter. Milestone Asset Management Group LLC acquired a new stake in International Business Machines in the fourth quarter valued at $368,000. Wellington Management Group LLP boosted its stake in International Business Machines by 1.4% during the 4th quarter. Wellington Management Group LLP now owns 231,021 shares of the technology company’s stock valued at $50,785,000 after acquiring an additional 3,206 shares during the last quarter. Finally, Mascagni Wealth Management Inc. bought a new stake in shares of International Business Machines in the 4th quarter worth about $43,000. 58.96% of the stock is currently owned by institutional investors and hedge funds.
International Business Machines Company Profile
(Get Free Report)
International Business Machines Corporation, together with its subsidiaries, provides integrated solutions and services worldwide. The company operates through Software, Consulting, Infrastructure, and Financing segments. The Software segment offers a hybrid cloud and AI platforms that allows clients to realize their digital and AI transformations across the applications, data, and environments in which they operate.
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