Robert W. Baird upgraded shares of International Business Machines (NYSE:IBM – Free Report) to a hold rating in a research note released on Tuesday morning,Zacks.com reports.
A number of other equities analysts have also weighed in on IBM. Argus lowered their target price on International Business Machines from $360.00 to $280.00 and set a “buy” rating on the stock in a research report on Thursday, July 16th. Royal Bank Of Canada reissued an “outperform” rating and issued a $270.00 price target on shares of International Business Machines in a research report on Tuesday. Oppenheimer lowered shares of International Business Machines from an “outperform” rating to a “market perform” rating in a research note on Wednesday, July 15th. Stifel Nicolaus lowered their price objective on shares of International Business Machines from $290.00 to $235.00 and set a “buy” rating on the stock in a report on Monday. Finally, Wolfe Research cut shares of International Business Machines to a “peer perform” rating in a report on Tuesday, June 23rd. Fifteen equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, International Business Machines currently has a consensus rating of “Moderate Buy” and a consensus price target of $278.68.
Get Our Latest Stock Analysis on IBM
International Business Machines Price Performance
International Business Machines (NYSE:IBM – Get Free Report) last issued its earnings results on Wednesday, July 22nd. The technology company reported $2.93 EPS for the quarter, meeting analysts’ consensus estimates of $2.93. International Business Machines had a return on equity of 37.23% and a net margin of 15.61%.The business had revenue of $17.16 billion during the quarter, compared to analyst estimates of $17.48 billion. During the same period in the previous year, the company posted $2.80 EPS. The firm’s revenue was up 1.1% compared to the same quarter last year. Equities research analysts expect that International Business Machines will post 12.19 EPS for the current fiscal year.
Hedge Funds Weigh In On International Business Machines
Several large investors have recently bought and sold shares of the stock. Basepoint Wealth LLC purchased a new position in International Business Machines during the fourth quarter worth about $25,000. Family CFO Inc bought a new stake in International Business Machines in the 4th quarter worth about $25,000. Joseph Group Capital Management purchased a new stake in International Business Machines in the 4th quarter valued at about $28,000. Cornerstone Financial Management LLC purchased a new stake in International Business Machines in the 4th quarter valued at about $28,000. Finally, SWAN Capital LLC bought a new position in shares of International Business Machines during the 3rd quarter worth approximately $28,000. 58.96% of the stock is currently owned by institutional investors.
More International Business Machines News
Here are the key news stories impacting International Business Machines this week:
- Positive Sentiment: IBM’s earnings matched Wall Street’s EPS estimate, and the company continues to emphasize AI-driven productivity, quantum computing, and strong free-cash-flow generation. IBM (IBM) Matches Q2 Earnings Estimates
- Neutral Sentiment: After the release, IBM shares saw some after-hours recovery as investors focused on long-term AI and quantum initiatives rather than the immediate headline miss. IBM just cut its outlook. Why its stock is bouncing anyway.
- Negative Sentiment: IBM lowered full-year revenue guidance and posted weaker sales than expected, with mainframe revenue notably under pressure, raising concerns about near-term growth. IBM Lowers Its Growth Outlook as Sales of Data Center Mainframes Sink 42%
- Negative Sentiment: Multiple law firms announced securities-fraud investigations following IBM’s sharp stock decline and guidance cut, adding an overhang for investors. IBM Investigated by the Portnoy Law Firm
International Business Machines Company Profile
International Business Machines Corporation (IBM) is a global technology and consulting company headquartered in Armonk, New York. Founded in 1911 as the Computing-Tabulating-Recording Company (CTR) and renamed IBM in 1924, the company has evolved from early electromechanical machines to a diversified technology provider serving enterprises and governments worldwide. IBM is publicly traded on the New York Stock Exchange under the ticker symbol IBM.
IBM’s principal businesses encompass cloud computing and software, infrastructure and systems, consulting and technology services, and research and development.
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