International Business Machines Corporation (NYSE:IBM) Lowered to “Hold” at Vetr Inc.

Vetr lowered shares of International Business Machines Corporation (NYSE:IBM) from a buy rating to a hold rating in a research note issued to investors on Monday morning. Vetr currently has $150.68 price target on the technology company’s stock.

Other research analysts have also recently issued reports about the company. Bank of America Corporation reiterated a buy rating and issued a $180.00 price target (down from $185.00) on shares of International Business Machines Corporation in a research note on Wednesday, April 19th. Stifel Nicolaus reiterated a buy rating and issued a $192.00 price target on shares of International Business Machines Corporation in a research note 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 note on Saturday, April 22nd. Standpoint Research upgraded International Business Machines Corporation from a hold rating to a buy rating in a research note 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 note on Friday, July 21st. Seven research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and seven have issued a buy rating to the stock. International Business Machines Corporation presently has an average rating of Hold and a consensus target price of $157.40.

Shares of International Business Machines Corporation (NYSE IBM) opened at 143.47 on Monday. International Business Machines Corporation has a 1-year low of $142.75 and a 1-year high of $182.79. The stock has a 50 day moving average price of $151.77 and a 200 day moving average price of $163.85. The firm has a market capitalization of $133.71 billion, a PE ratio of 11.91 and a beta of 0.97.

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

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The company also recently announced 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 is Tuesday, August 8th. This represents a $6.00 annualized dividend and a dividend yield of 4.18%. International Business Machines Corporation’s dividend payout ratio is presently 49.88%.

In other news, Director James W. Owens bought 1,718 shares of International Business Machines Corporation stock in a transaction dated Tuesday, May 16th. The stock was bought at an average cost of $153.19 per share, for a total transaction of $263,180.42. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 0.23% of the company’s stock.

Several hedge funds have recently modified their holdings of the stock. State Street Corp increased its stake in shares of International Business Machines Corporation by 0.4% in the first quarter. State Street Corp now owns 51,198,962 shares of the technology company’s stock valued at $8,915,788,000 after buying an additional 181,993 shares in the last quarter. Norges Bank acquired a new position in shares of International Business Machines Corporation during the fourth quarter valued at $1,366,710,000. Schwab Charles Investment Management Inc. boosted its position in shares of International Business Machines Corporation by 3.0% in the second quarter. Schwab Charles Investment Management Inc. now owns 4,651,213 shares of the technology company’s stock valued at $715,497,000 after buying an additional 134,862 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its position in shares of International Business Machines Corporation by 3.3% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,808,640 shares of the technology company’s stock valued at $432,053,000 after buying an additional 88,708 shares during the last quarter. Finally, LSV Asset Management boosted its position in shares of International Business Machines Corporation by 2.3% in the first quarter. LSV Asset Management now owns 2,578,404 shares of the technology company’s stock valued at $449,003,000 after buying an additional 59,030 shares during the last quarter. Institutional investors own 58.73% of the company’s stock.

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.

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

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