International Business Machines (NYSE:IBM) Rating Lowered to “Hold” at StockNews.com

International Business Machines (NYSE:IBM) was downgraded by equities research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.

Other equities analysts have also issued research reports about the company. The Goldman Sachs Group reaffirmed a “buy” rating on shares of International Business Machines in a research note on Wednesday, February 5th. BMO Capital Markets restated a “market perform” rating on shares of International Business Machines in a report on Wednesday, April 23rd. Royal Bank of Canada increased their target price on shares of International Business Machines from $276.00 to $285.00 and gave the stock an “outperform” rating in a research note on Thursday, May 15th. Jefferies Financial Group reissued a “hold” rating on shares of International Business Machines in a research note on Wednesday, April 23rd. Finally, JPMorgan Chase & Co. increased their price objective on shares of International Business Machines from $233.00 to $244.00 and gave the stock a “neutral” rating in a research report on Thursday, January 30th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $249.06.

International Business Machines Trading Down 0.6%

Shares of NYSE:IBM opened at $266.76 on Wednesday. The company has a market capitalization of $247.93 billion, a PE ratio of 41.62, a PEG ratio of 5.81 and a beta of 0.64. International Business Machines has a 12-month low of $163.53 and a 12-month high of $269.28. The business has a 50 day moving average of $244.53 and a two-hundred day moving average of $237.32. The company has a current ratio of 1.04, a quick ratio of 1.00 and a debt-to-equity ratio of 1.82.

International Business Machines (NYSE:IBM) last released its quarterly earnings results on Wednesday, April 23rd. The technology company reported $1.60 earnings per share for the quarter, topping the consensus estimate of $1.42 by $0.18. International Business Machines had a net margin of 9.60% and a return on equity of 38.99%. The firm had revenue of $14.54 billion during the quarter, compared to the consensus estimate of $14.41 billion. During the same quarter in the prior year, the firm earned $1.68 EPS. The company’s revenue for the quarter was up .5% on a year-over-year basis. As a group, analysts forecast that International Business Machines will post 10.78 EPS for the current year.

Insider Buying and Selling at International Business Machines

In other International Business Machines news, SVP Robert David Thomas sold 26,543 shares of the stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $253.01, for a total value of $6,715,644.43. Following the transaction, the senior vice president now directly owns 45,007 shares of the company’s stock, valued at $11,387,221.07. This represents a 37.10% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.18% of the company’s stock.

Hedge Funds Weigh In On International Business Machines

Institutional investors have recently modified their holdings of the business. Compass Financial Services Inc bought a new stake in International Business Machines during the 4th quarter worth $26,000. Christopher J. Hasenberg Inc bought a new stake in shares of International Business Machines during the first quarter worth about $27,000. SSA Swiss Advisors AG acquired a new position in shares of International Business Machines in the first quarter valued at approximately $28,000. Vision Financial Markets LLC bought a new position in International Business Machines in the 4th quarter valued at approximately $31,000. Finally, Dagco Inc. acquired a new stake in International Business Machines during the 1st quarter worth approximately $31,000. Institutional investors and hedge funds own 58.96% of the company’s stock.

International Business Machines Company Profile

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.