Traders Sell International Business Machines Corporation (IBM) on Strength (IBM)

Traders sold shares of International Business Machines Corporation (NYSE:IBM) on strength during trading hours on Thursday. $117.02 million flowed into the stock on the tick-up and $161.68 million flowed out of the stock on the tick-down, for a money net flow of $44.66 million out of the stock. Of all companies tracked, International Business Machines Corporation had the 3rd highest net out-flow for the day. International Business Machines Corporation traded up $0.07 for the day and closed at $141.84

Several research firms have commented on IBM. Sanford C. Bernstein reissued a “market perform” rating and set a $150.00 target price on shares of International Business Machines Corporation in a research report on Wednesday. Wedbush reissued a “neutral” rating and set a $155.00 target price on shares of International Business Machines Corporation in a research report on Wednesday. Vetr downgraded shares of International Business Machines Corporation from a “buy” rating to a “hold” rating and set a $150.68 target price on the stock. in a research report on Monday. BidaskClub downgraded shares of International Business Machines Corporation from a “sell” rating to a “strong sell” rating in a research report on Tuesday, July 25th. Finally, UBS AG reissued a “neutral” rating and set a $159.00 target price (down from $167.00) on shares of International Business Machines Corporation in a research report on Saturday, July 22nd. Seven investment analysts have rated the stock with a sell rating, eighteen have given a hold rating and seven have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $157.40.

The stock’s 50-day moving average price is $149.55 and its 200-day moving average price is $162.71. The stock has a market capitalization of $132.19 billion, a P/E ratio of 11.77 and a beta of 0.97.

International Business Machines Corporation (NYSE:IBM) last posted its quarterly earnings results on Tuesday, July 18th. The technology company reported $2.97 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.74 by $0.23. The business had revenue of $19.29 billion for the quarter, compared to analyst estimates of $19.45 billion. International Business Machines Corporation had a net margin of 14.58% and a return on equity of 71.53%. The firm’s revenue for the quarter was down 4.7% on a year-over-year basis. During the same quarter last year, the business posted $2.95 EPS. On average, equities analysts forecast that International Business Machines Corporation will post $13.74 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Saturday, September 9th. Investors of record on Thursday, August 10th will be given a dividend of $1.50 per share. The ex-dividend date of this dividend is Tuesday, August 8th. This represents a $6.00 annualized dividend and a dividend yield of 4.23%. International Business Machines Corporation’s dividend payout ratio is 49.88%.

In other news, Director James W. Owens purchased 1,718 shares of International Business Machines Corporation stock in a transaction that occurred on Tuesday, May 16th. The shares were acquired at an average price of $153.19 per share, for a total transaction of $263,180.42. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 0.23% of the company’s stock.

Hedge funds have recently bought and sold shares of the company. Norges Bank purchased a new stake in International Business Machines Corporation during the fourth quarter valued at about $1,366,710,000. Assenagon Asset Management S.A. purchased a new stake in International Business Machines Corporation during the fourth quarter valued at about $490,000. AE Wealth Management LLC purchased a new stake in International Business Machines Corporation during the fourth quarter valued at about $892,000. Thomas J. Herzfeld Advisors Inc. purchased a new stake in International Business Machines Corporation during the fourth quarter valued at about $117,000. Finally, Willis Investment Counsel raised its stake in International Business Machines Corporation by 1.9% in the fourth quarter. Willis Investment Counsel now owns 113,375 shares of the technology company’s stock valued at $18,819,000 after buying an additional 2,100 shares in the last quarter. Institutional investors and hedge funds own 58.73% of the company’s stock.

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International Business Machines Corporation Company Profile

International Business Machines Corporation (IBM) is a technology company. The Company operates through five segments: Cognitive Solutions, Global Business Services (GBS), Technology Services & Cloud Platforms, Systems and Global Financing. The Cognitive Solutions segment delivers a spectrum of capabilities, from descriptive, predictive and prescriptive analytics to cognitive systems.

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