Traders bought shares of International Business Machines Corporation (NYSE:IBM) on weakness during trading on Friday. $123.99 million flowed into the stock on the tick-up and $75.97 million flowed out of the stock on the tick-down, for a money net flow of $48.02 million into the stock. Of all companies tracked, International Business Machines Corporation had the 19th highest net in-flow for the day. International Business Machines Corporation traded down ($0.13) for the day and closed at $145.13

IBM has been the topic of a number of research analyst reports. Stifel Nicolaus reaffirmed a “buy” rating and set a $182.00 target price on shares of International Business Machines Corporation in a report on Friday, July 21st. BidaskClub raised International Business Machines Corporation from a “strong sell” rating to a “sell” rating in a report on Saturday, August 26th. Vetr raised International Business Machines Corporation from a “sell” rating to a “hold” rating and set a $150.26 target price on the stock in a report on Monday, July 3rd. ValuEngine lowered International Business Machines Corporation from a “buy” rating to a “hold” rating in a report on Friday, September 15th. Finally, Credit Suisse Group reaffirmed an “underperform” rating and set a $110.00 target price (down from $125.00) on shares of International Business Machines Corporation in a report on Monday, July 17th. Seven equities research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and eight have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $157.12.

The firm’s 50-day moving average price is $143.19 and its 200 day moving average price is $155.58. The company has a market cap of $135.25 billion, a price-to-earnings ratio of 12.04 and a beta of 0.97.

International Business Machines Corporation (NYSE:IBM) last issued its quarterly earnings results on Tuesday, July 18th. The technology company reported $2.97 EPS for the quarter, beating the consensus estimate of $2.74 by $0.23. International Business Machines Corporation had a return on equity of 71.53% and a net margin of 14.58%. The firm had revenue of $19.29 billion during the quarter, compared to analysts’ expectations of $19.45 billion. During the same period in the prior year, the firm posted $2.95 earnings per share. The business’s quarterly revenue was down 4.7% compared to the same quarter last year. On average, analysts predict that International Business Machines Corporation will post $13.76 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Saturday, September 9th. Investors of record on Thursday, August 10th were given a dividend of $1.50 per share. The ex-dividend date of this dividend was Tuesday, August 8th. This represents a $6.00 annualized dividend and a yield of 4.13%. International Business Machines Corporation’s dividend payout ratio (DPR) is presently 49.88%.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Herndon Capital Management LLC boosted its position in International Business Machines Corporation by 39.0% during the second quarter. Herndon Capital Management LLC now owns 695 shares of the technology company’s stock valued at $107,000 after purchasing an additional 195 shares during the last quarter. Edge Wealth Management LLC boosted its position in International Business Machines Corporation by 5.6% during the second quarter. Edge Wealth Management LLC now owns 760 shares of the technology company’s stock valued at $117,000 after purchasing an additional 40 shares during the last quarter. ETF Managers Group LLC acquired a new position in International Business Machines Corporation during the second quarter valued at approximately $121,000. Peddock Capital Advisors LLC boosted its position in International Business Machines Corporation by 7.3% during the second quarter. Peddock Capital Advisors LLC now owns 912 shares of the technology company’s stock valued at $140,000 after purchasing an additional 62 shares during the last quarter. Finally, Horan Securities Inc. boosted its position in International Business Machines Corporation by 845.5% during the second quarter. Horan Securities Inc. now owns 936 shares of the technology company’s stock valued at $144,000 after purchasing an additional 837 shares during the last quarter. 57.87% of the stock is owned by hedge funds and other institutional investors.

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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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