The International Business Machines Corp.’s (IBM) Neutral Rating Reaffirmed at Goldman Sachs Group Inc.

The International Business Machines Corp.’s (IBM) Neutral Rating Reaffirmed at Goldman Sachs Group Inc.

Goldman Sachs Group Inc. reiterated their neutral rating on shares of International Business Machines Corp. (NYSE:IBM) in a research report report published on Wednesday. The firm currently has a $147.00 price target on the technology company’s stock.

IBM has been the topic of several other reports. Societe Generale raised shares of International Business Machines Corp. from a sell rating to a hold rating in a report on Monday, September 26th. Zacks Investment Research lowered shares of International Business Machines Corp. from a hold rating to a sell rating in a report on Tuesday, September 20th. Vetr raised shares of International Business Machines Corp. from a sell rating to a hold rating and set a $156.55 price objective on the stock in a report on Monday, August 29th. JMP Securities reissued a buy rating and set a $157.00 price objective on shares of International Business Machines Corp. in a report on Thursday, June 23rd. Finally, Morgan Stanley reissued an overweight rating on shares of International Business Machines Corp. in a report on Wednesday, June 29th. Three analysts have rated the stock with a sell rating, seventeen have issued a hold rating and eight have assigned a buy rating to the company. The company has a consensus rating of Hold and a consensus price target of $154.47.

Shares of International Business Machines Corp. (NYSE:IBM) traded down 1.06% during midday trading on Wednesday, hitting $152.65. The company had a trading volume of 994,296 shares. The firm’s 50 day moving average is $157.12 and its 200 day moving average is $154.21. International Business Machines Corp. has a 52 week low of $116.90 and a 52 week high of $165.00. The company has a market capitalization of $145.91 billion, a P/E ratio of 12.41 and a beta of 0.88.

International Business Machines Corp. (NYSE:IBM) last issued its earnings results on Monday, July 18th. The technology company reported $2.95 EPS for the quarter, topping the Zacks’ consensus estimate of $2.89 by $0.06. The business had revenue of $20.20 billion for the quarter, compared to analyst estimates of $20.03 billion. International Business Machines Corp. had a net margin of 14.86% and a return on equity of 88.92%. The company’s quarterly revenue was down 2.8% compared to the same quarter last year. During the same period last year, the company posted $3.84 earnings per share. Equities research analysts anticipate that International Business Machines Corp. will post $13.51 EPS for the current year.

In other International Business Machines Corp. news, insider John E. Kelly III sold 6,698 shares of the business’s stock in a transaction dated Tuesday, August 2nd. The shares were sold at an average price of $160.89, for a total value of $1,077,641.22. Following the transaction, the insider now directly owns 33,576 shares in the company, valued at approximately $5,402,042.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Robert J. Picciano sold 1,922 shares of the business’s stock in a transaction dated Wednesday, August 31st. The shares were sold at an average price of $159.16, for a total transaction of $305,905.52. Following the completion of the transaction, the insider now owns 35,861 shares in the company, valued at $5,707,636.76. The disclosure for this sale can be found here. Corporate insiders own 0.08% of the company’s stock.

A number of institutional investors have recently bought and sold shares of the stock. Toth Financial Advisory Corp raised its position in International Business Machines Corp. by 0.6% in the third quarter. Toth Financial Advisory Corp now owns 15,044 shares of the technology company’s stock valued at $2,390,000 after buying an additional 95 shares during the last quarter. Prospera Financial Services Inc raised its position in International Business Machines Corp. by 52.5% in the third quarter. Prospera Financial Services Inc now owns 4,755 shares of the technology company’s stock valued at $756,000 after buying an additional 1,636 shares during the last quarter. Patten & Patten Inc. TN raised its position in International Business Machines Corp. by 156.7% in the third quarter. Patten & Patten Inc. TN now owns 19,713 shares of the technology company’s stock valued at $3,131,000 after buying an additional 12,033 shares during the last quarter. Atria Investments LLC raised its position in International Business Machines Corp. by 28.4% in the third quarter. Atria Investments LLC now owns 11,284 shares of the technology company’s stock valued at $1,792,000 after buying an additional 2,494 shares during the last quarter. Finally, Weaver C. Barksdale & Associates Inc. raised its position in International Business Machines Corp. by 11.5% in the third quarter. Weaver C. Barksdale & Associates Inc. now owns 5,874 shares of the technology company’s stock valued at $933,000 after buying an additional 604 shares during the last quarter. Institutional investors own 57.61% of the company’s stock.

International Business Machines Corp. Company Profile

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