Traders purchased shares of International Business Machines Corp. (NYSE:IBM) on weakness during trading hours on Friday. $566.66 million flowed into the stock on the tick-up and $86.76 million flowed out of the stock on the tick-down, for a money net flow of $479.90 million into the stock. Of all companies tracked, International Business Machines Corp. had the 9th highest net in-flow for the day. International Business Machines Corp. traded down ($1.82) for the day and closed at $153.84

IBM has been the subject of a number of recent analyst reports. Credit Suisse Group AG reaffirmed a “sell” rating on shares of International Business Machines Corp. in a research note on Wednesday, July 13th. Cantor Fitzgerald reaffirmed a “hold” rating and issued a $135.00 price objective on shares of International Business Machines Corp. in a research note on Wednesday, July 6th. Societe Generale set a $115.00 price objective on International Business Machines Corp. and gave the stock a “sell” rating in a research note on Monday, July 11th. Citigroup Inc. upped their price objective on International Business Machines Corp. from $140.00 to $160.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 19th. Finally, Vetr lowered International Business Machines Corp. from a “buy” rating to a “hold” rating and set a $155.17 price objective for the company. in a research note on Thursday, June 30th. Four investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and nine have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $153.31.

The firm has a 50 day moving average price of $160.39 and a 200-day moving average price of $152.23. The firm has a market capitalization of $147.05 billion, a PE ratio of 12.51 and a beta of 0.77.

International Business Machines Corp. (NYSE:IBM) last released its quarterly earnings data on Monday, July 18th. The technology company reported $2.95 EPS for the quarter, beating analysts’ consensus estimates of $2.89 by $0.06. International Business Machines Corp. had a return on equity of 88.92% and a net margin of 14.86%. The firm had revenue of $20.20 billion for the quarter, compared to analysts’ expectations of $20.03 billion. During the same period in the prior year, the firm posted $3.84 earnings per share. The firm’s quarterly revenue was down 2.8% on a year-over-year basis. Equities analysts expect that International Business Machines Corp. will post $13.51 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Saturday, September 10th. Investors of record on Wednesday, August 10th were issued a $1.40 dividend. This represents a $5.60 dividend on an annualized basis and a yield of 3.64%. The ex-dividend date was Monday, August 8th. International Business Machines Corp.’s dividend payout ratio is presently 45.53%.

In related news, insider Robert J. Leblanc sold 15,708 shares of the company’s stock in a transaction that occurred on Tuesday, August 9th. The stock was sold at an average price of $162.25, for a total value of $2,548,623.00. Following the transaction, the insider now directly owns 61,374 shares in the company, valued at $9,957,931.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider John E. Kelly III sold 6,698 shares of the company’s stock in a transaction that occurred on Tuesday, August 2nd. The shares were sold at an average price of $160.89, for a total value of $1,077,641.22. Following the completion of the transaction, the insider now owns 33,576 shares in the company, valued at $5,402,042.64. The disclosure for this sale can be found here. 0.08% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in IBM. Capital Research Global Investors raised its stake in shares of International Business Machines Corp. by 81.1% in the second quarter. Capital Research Global Investors now owns 7,135,471 shares of the technology company’s stock worth $1,083,022,000 after buying an additional 3,194,471 shares during the last quarter. Alecta Pensionsforsakring Omsesidigt purchased a new stake in shares of International Business Machines Corp. during the first quarter worth about $375,596,000. State Street Corp raised its stake in shares of International Business Machines Corp. by 2.5% in the first quarter. State Street Corp now owns 50,852,184 shares of the technology company’s stock worth $7,701,559,000 after buying an additional 1,230,826 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of International Business Machines Corp. by 2.2% in the second quarter. Vanguard Group Inc. now owns 55,476,336 shares of the technology company’s stock worth $8,420,198,000 after buying an additional 1,216,940 shares during the last quarter. Finally, BlackRock Fund Advisors raised its stake in shares of International Business Machines Corp. by 10.0% in the first quarter. BlackRock Fund Advisors now owns 12,645,562 shares of the technology company’s stock worth $1,915,170,000 after buying an additional 1,154,028 shares during the last quarter. Hedge funds and other institutional investors own 57.63% of the company’s stock.

International Business Machines Corp. Company Profile

International Business Machines Corporation (IBM) is a technology company. The Company operates through five segments: Global Technology Services (GTS), Global Business Services (GBS), Software, Systems Hardware and Global Financing. The Company’s GTS segment offers services, including strategic outsourcing, integrated technology services, cloud and technology support services (maintenance services).

5 Day Chart for NYSE:IBM

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