Traders bought shares of International Business Machines Corp. (NYSE:IBM) on weakness during trading on Friday. $206.99 million flowed into the stock on the tick-up and $121.83 million flowed out of the stock on the tick-down, for a money net flow of $85.16 million into the stock. Of all companies tracked, International Business Machines had the 18th highest net in-flow for the day. International Business Machines traded down ($3.20) for the day and closed at $148.89
Several equities research analysts have recently issued reports on IBM shares. Vetr raised International Business Machines from a “buy” rating to a “strong-buy” rating and set a $170.25 target price for the company in a research report on Monday, November 27th. Tigress Financial reaffirmed a “buy” rating on shares of International Business Machines in a research report on Friday, December 1st. Zacks Investment Research lowered International Business Machines from a “hold” rating to a “sell” rating in a research report on Tuesday, December 19th. Royal Bank of Canada raised International Business Machines from a “sector perform” rating to an “outperform” rating and raised their target price for the company from $160.00 to $180.00 in a research report on Wednesday, January 3rd. They noted that the move was a valuation call. Finally, BMO Capital Markets reaffirmed a “hold” rating and set a $175.00 target price on shares of International Business Machines in a research report on Thursday, January 11th. They noted that the move was a valuation call. Six equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating and eleven have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $166.01.
The company has a debt-to-equity ratio of 2.25, a current ratio of 1.33 and a quick ratio of 1.29. The company has a market cap of $137,152.70, a P/E ratio of 24.37, a P/E/G ratio of 2.18 and a beta of 0.94.
The business also recently announced a quarterly dividend, which was paid on Saturday, March 10th. Shareholders of record on Friday, February 9th were paid a $1.50 dividend. The ex-dividend date was Thursday, February 8th. This represents a $6.00 annualized dividend and a yield of 4.03%. International Business Machines’s dividend payout ratio is currently 98.20%.
In other International Business Machines news, insider Erich Clementi sold 13,000 shares of the firm’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $154.66, for a total value of $2,010,580.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Diane J. Gherson sold 5,000 shares of the firm’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $156.00, for a total value of $780,000.00. Following the completion of the transaction, the insider now owns 20,581 shares of the company’s stock, valued at approximately $3,210,636. The disclosure for this sale can be found here. 0.17% of the stock is owned by company insiders.
Institutional investors and hedge funds have recently modified their holdings of the company. Risk Paradigm Group LLC bought a new stake in shares of International Business Machines during the 4th quarter valued at about $118,000. ETF Managers Group LLC bought a new stake in shares of International Business Machines during the 2nd quarter valued at about $121,000. Price Wealth Management Inc. bought a new stake in shares of International Business Machines during the 4th quarter valued at about $122,000. Capital Analysts LLC boosted its position in shares of International Business Machines by 100.5% during the 4th quarter. Capital Analysts LLC now owns 1,129 shares of the technology company’s stock valued at $125,000 after acquiring an additional 566 shares during the last quarter. Finally, Cerebellum GP LLC bought a new stake in shares of International Business Machines during the 4th quarter valued at about $126,000. Hedge funds and other institutional investors own 56.99% of the company’s stock.
About International Business Machines
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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