Morgan Stanley Has Lowered Expectations for International Business Machines (NYSE:IBM) Stock Price

International Business Machines (NYSE:IBM) had its target price reduced by Morgan Stanley from $222.00 to $217.00 in a research report released on Tuesday,Benzinga reports. Morgan Stanley currently has an equal weight rating on the technology company’s stock.

A number of other equities research analysts also recently issued reports on the stock. Stifel Nicolaus lifted their price target on shares of International Business Machines from $205.00 to $246.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. Bank of America boosted their target price on International Business Machines from $250.00 to $260.00 and gave the stock a “buy” rating in a research report on Thursday, January 23rd. JPMorgan Chase & Co. raised their price target on International Business Machines from $227.00 to $233.00 and gave the company a “neutral” rating in a research report on Thursday, January 23rd. BMO Capital Markets boosted their price objective on shares of International Business Machines from $235.00 to $260.00 and gave the stock a “market perform” rating in a research report on Thursday, October 24th. Finally, DZ Bank cut shares of International Business Machines from a “buy” rating to a “hold” rating and set a $215.00 target price for the company. in a research report on Wednesday, October 2nd. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, International Business Machines currently has a consensus rating of “Hold” and an average price target of $220.40.

International Business Machines Price Performance

Shares of IBM opened at $225.34 on Tuesday. The stock’s 50 day moving average is $224.65 and its two-hundred day moving average is $213.14. International Business Machines has a twelve month low of $162.62 and a twelve month high of $239.35. The firm has a market capitalization of $208.36 billion, a PE ratio of 32.80, a P/E/G ratio of 4.78 and a beta of 0.74. The company has a current ratio of 1.06, a quick ratio of 1.01 and a debt-to-equity ratio of 2.16.

Insider Buying and Selling

In related news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of the business’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $215.20, for a total value of $774,720.00. Following the completion of the sale, the senior vice president now directly owns 25,390 shares in the company, valued at approximately $5,463,928. The trade was a 12.42 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.07% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On International Business Machines

Hedge funds have recently made changes to their positions in the stock. Magnolia Capital Advisors LLC acquired a new position in International Business Machines in the second quarter valued at $520,000. Northwestern Mutual Wealth Management Co. raised its holdings in shares of International Business Machines by 2.2% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 93,058 shares of the technology company’s stock worth $16,095,000 after purchasing an additional 2,001 shares during the period. Regal Investment Advisors LLC lifted its stake in shares of International Business Machines by 2.1% in the 2nd quarter. Regal Investment Advisors LLC now owns 18,938 shares of the technology company’s stock valued at $3,275,000 after purchasing an additional 393 shares in the last quarter. EP Wealth Advisors LLC grew its holdings in shares of International Business Machines by 11.3% during the 2nd quarter. EP Wealth Advisors LLC now owns 31,481 shares of the technology company’s stock worth $5,445,000 after purchasing an additional 3,208 shares during the period. Finally, Advisory Alpha LLC increased its position in International Business Machines by 0.8% during the 2nd quarter. Advisory Alpha LLC now owns 7,748 shares of the technology company’s stock worth $1,340,000 after purchasing an additional 65 shares in the last quarter. 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.