Oppenheimer Holdings Inc. Reaffirms Hold Rating for International Business Machines Corp. (IBM)

Oppenheimer Holdings Inc. reissued their hold rating on shares of International Business Machines Corp. (NYSE:IBM) in a research note issued to investors on Tuesday.

IBM has been the subject of a number of other research reports. Morgan Stanley raised their target price on International Business Machines Corp. to $9.00 in a research note on Thursday, January 12th. Stifel Nicolaus raised their target price on International Business Machines Corp. from $165.00 to $192.00 and gave the company a buy rating in a research note on Thursday, January 12th. Royal Bank of Canada restated a sector perform rating and issued a $170.00 target price (up previously from $165.00) on shares of International Business Machines Corp. in a research note on Friday, January 13th. Argus restated a buy rating and issued a $192.00 target price (up previously from $185.00) on shares of International Business Machines Corp. in a research note on Wednesday, March 22nd. Finally, Jefferies Group LLC restated a sell rating and issued a $135.00 target price (down previously from $145.00) on shares of International Business Machines Corp. in a research note on Wednesday. Seven investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and six have assigned a buy rating to the stock. The company currently has an average rating of Hold and a consensus target price of $166.83.

Analyst Recommendations for International Business Machines Corp. (NYSE:IBM)

Shares of International Business Machines Corp. (NYSE:IBM) opened at 162.30 on Tuesday. The company has a 50-day moving average price of $174.10 and a 200 day moving average price of $167.58. The company has a market capitalization of $153.08 billion, a PE ratio of 13.11 and a beta of 0.96. International Business Machines Corp. has a one year low of $142.50 and a one year high of $182.79. International Business Machines Corp. also saw some unusual options trading on Tuesday. Stock traders bought 3,300 call options on the company. This represents an increase of approximately 315% compared to the typical volume of 795 call options.

International Business Machines Corp. (NYSE:IBM) last released its earnings results on Tuesday, April 18th. The technology company reported $2.38 EPS for the quarter, beating the Zacks’ consensus estimate of $2.35 by $0.03. The company earned $18.16 billion during the quarter, compared to analysts’ expectations of $18.37 billion. International Business Machines Corp. had a return on equity of 78.32% and a net margin of 14.85%. The firm’s revenue for the quarter was down 2.8% compared to the same quarter last year. During the same quarter last year, the business posted $2.35 EPS. Equities analysts anticipate that International Business Machines Corp. will post $13.78 EPS for the current year.

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In related news, insider James J. Kavanaugh sold 559 shares of International Business Machines Corp. stock in a transaction on Tuesday, February 7th. The stock was sold at an average price of $178.31, for a total value of $99,675.29. Following the completion of the sale, the insider now owns 29,856 shares of the company’s stock, valued at $5,323,623.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Diane J. Gherson sold 5,000 shares of International Business Machines Corp. stock in a transaction on Monday, February 13th. The stock was sold at an average price of $179.18, for a total value of $895,900.00. Following the completion of the sale, the insider now directly owns 20,952 shares of the company’s stock, valued at approximately $3,754,179.36. The disclosure for this sale can be found here. Insiders own 0.08% of the company’s stock.

Several hedge funds have recently modified their holdings of IBM. Chesley Taft & Associates LLC raised its stake in shares of International Business Machines Corp. by 0.5% in the third quarter. Chesley Taft & Associates LLC now owns 40,653 shares of the technology company’s stock valued at $6,458,000 after buying an additional 206 shares during the last quarter. Financial & Investment Management Group Ltd. raised its stake in shares of International Business Machines Corp. by 0.7% in the third quarter. Financial & Investment Management Group Ltd. now owns 1,934 shares of the technology company’s stock valued at $307,000 after buying an additional 13 shares during the last quarter. Putnam FL Investment Management Co. raised its stake in shares of International Business Machines Corp. by 1.8% in the third quarter. Putnam FL Investment Management Co. now owns 4,174 shares of the technology company’s stock valued at $663,000 after buying an additional 73 shares during the last quarter. CWM LLC raised its stake in shares of International Business Machines Corp. by 4.2% in the third quarter. CWM LLC now owns 2,339 shares of the technology company’s stock valued at $372,000 after buying an additional 95 shares during the last quarter. Finally, Ronald Blue & Co. LLC raised its stake in shares of International Business Machines Corp. by 3.9% in the third quarter. Ronald Blue & Co. LLC now owns 12,771 shares of the technology company’s stock valued at $2,029,000 after buying an additional 479 shares during the last quarter. 58.65% of the stock is owned by institutional investors.

About International Business Machines Corp.

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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