International Business Machines (NYSE:IBM) PT Raised to $217.00 at Morgan Stanley

International Business Machines (NYSE:IBM - Get Free Report) had its price objective boosted by analysts at Morgan Stanley from $182.00 to $217.00 in a research report issued on Thursday, Benzinga reports. The brokerage presently has an "equal weight" rating on the technology company's stock. Morgan Stanley's price target would suggest a potential downside of 6.81% from the company's previous close.

A number of other analysts also recently weighed in on the stock. Hsbc Global Res raised shares of International Business Machines to a "moderate sell" rating in a research report on Friday, July 26th. UBS Group increased their price objective on shares of International Business Machines from $130.00 to $145.00 and gave the stock a "sell" rating in a research report on Wednesday, September 4th. BMO Capital Markets boosted their target price on shares of International Business Machines from $190.00 to $210.00 and gave the company a "market perform" rating in a report on Thursday, July 25th. StockNews.com upgraded International Business Machines from a "hold" rating to a "buy" rating in a report on Wednesday, June 19th. Finally, Stifel Nicolaus boosted their price objective on International Business Machines from $205.00 to $246.00 and gave the company a "buy" rating in a research note on Wednesday. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, International Business Machines has an average rating of "Hold" and an average price target of $203.06.

International Business Machines Trading Down 0.4 %

Shares of NYSE:IBM traded down $0.82 during mid-day trading on Thursday, reaching $232.85. 5,039,781 shares of the company's stock were exchanged, compared to its average volume of 4,193,082. The firm has a market capitalization of $213.90 billion, a price-to-earnings ratio of 26.37, a PEG ratio of 5.21 and a beta of 0.70. International Business Machines has a twelve month low of $135.87 and a twelve month high of $237.37. The business's fifty day moving average price is $211.38 and its 200-day moving average price is $188.85. The company has a debt-to-equity ratio of 2.20, a quick ratio of 1.08 and a current ratio of 1.12.

International Business Machines (NYSE:IBM - Get Free Report) last announced its earnings results on Wednesday, July 24th. The technology company reported $2.43 EPS for the quarter, topping the consensus estimate of $2.16 by $0.27. The firm had revenue of $15.77 billion for the quarter, compared to the consensus estimate of $15.62 billion. International Business Machines had a return on equity of 40.59% and a net margin of 13.52%. The business's quarterly revenue was up 1.9% compared to the same quarter last year. During the same period in the previous year, the business earned $2.18 EPS. On average, research analysts predict that International Business Machines will post 10.1 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in IBM. Vanguard Group Inc. increased its position in shares of International Business Machines by 6.7% during the first quarter. Vanguard Group Inc. now owns 88,152,714 shares of the technology company's stock worth $16,833,642,000 after acquiring an additional 5,546,855 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in International Business Machines by 151.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,515,666 shares of the technology company's stock valued at $671,352,000 after purchasing an additional 2,118,165 shares during the last quarter. Thrivent Financial for Lutherans increased its holdings in International Business Machines by 306.3% during the 2nd quarter. Thrivent Financial for Lutherans now owns 1,401,798 shares of the technology company's stock worth $242,441,000 after purchasing an additional 1,056,759 shares in the last quarter. Strategic Financial Concepts LLC raised its stake in shares of International Business Machines by 12,282.2% in the second quarter. Strategic Financial Concepts LLC now owns 472,382 shares of the technology company's stock worth $817,000 after purchasing an additional 468,567 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its holdings in shares of International Business Machines by 6.4% in the second quarter. Ameriprise Financial Inc. now owns 7,366,715 shares of the technology company's stock valued at $1,274,074,000 after purchasing an additional 444,698 shares in the last quarter. 58.96% of the stock is owned by institutional investors.

About International Business Machines

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.