Investors Buy International Business Machines (IBM) on Weakness

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.

International Business Machines (NYSE:IBM) last issued its earnings results on Thursday, January 18th. The technology company reported $5.18 EPS for the quarter, topping the consensus estimate of $5.17 by $0.01. International Business Machines had a return on equity of 69.48% and a net margin of 7.27%. The business had revenue of $22.54 billion during the quarter, compared to the consensus estimate of $22.03 billion. During the same quarter last year, the company earned $5.01 EPS. The firm’s revenue was up 3.6% compared to the same quarter last year. equities research analysts predict that International Business Machines Corp. will post 13.82 earnings per share for the current year.

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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