Investors sold shares of IBM (NYSE:IBM) on strength during trading hours on Monday. $112.73 million flowed into the stock on the tick-up and $271.21 million flowed out of the stock on the tick-down, for a money net flow of $158.48 million out of the stock. Of all companies tracked, IBM had the 13th highest net out-flow for the day. IBM traded up $1.63 for the day and closed at $123.82

A number of analysts have recently commented on the stock. ValuEngine cut shares of IBM from a “hold” rating to a “sell” rating in a report on Wednesday, October 17th. Moffett Nathanson assumed coverage on shares of IBM in a report on Thursday, October 4th. They set a “sell” rating and a $150.00 target price on the stock. Argus cut shares of IBM from a “buy” rating to a “hold” rating in a report on Thursday, October 18th. Wolfe Research assumed coverage on shares of IBM in a report on Tuesday, December 11th. They set a “market perform” rating on the stock. Finally, Cantor Fitzgerald dropped their price target on shares of IBM from $152.00 to $140.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 17th. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and seven have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $159.18.

The company has a current ratio of 1.31, a quick ratio of 1.26 and a debt-to-equity ratio of 1.81. The company has a market cap of $112.53 billion, a PE ratio of 8.97, a PEG ratio of 1.80 and a beta of 1.14.

IBM declared that its board has initiated a stock buyback plan on Tuesday, October 30th that authorizes the company to buyback $4.00 billion in outstanding shares. This buyback authorization authorizes the technology company to reacquire up to 3.5% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board believes its shares are undervalued.

In other news, Director Sidney Taurel bought 4,311 shares of IBM stock in a transaction that occurred on Wednesday, October 31st. The stock was bought at an average cost of $115.02 per share, with a total value of $495,851.22. Following the acquisition, the director now owns 19,987 shares of the company’s stock, valued at approximately $2,298,904.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Virginia M. Rometty bought 8,500 shares of IBM stock in a transaction that occurred on Friday, November 2nd. The stock was purchased at an average cost of $117.51 per share, with a total value of $998,835.00. Following the completion of the acquisition, the chairman now directly owns 11,368 shares in the company, valued at approximately $1,335,853.68. The disclosure for this purchase can be found here. 0.17% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently added to or reduced their stakes in IBM. Lathrop Investment Management Corp bought a new position in IBM in the 3rd quarter worth approximately $215,000. Paloma Partners Management Co boosted its position in shares of IBM by 127.4% during the 3rd quarter. Paloma Partners Management Co now owns 1,453 shares of the technology company’s stock valued at $220,000 after acquiring an additional 6,757 shares during the last quarter. Harvest Fund Management Co. Ltd bought a new position in shares of IBM during the 3rd quarter valued at approximately $233,000. Cozad Asset Management Inc. boosted its position in shares of IBM by 39.2% during the 4th quarter. Cozad Asset Management Inc. now owns 3,171 shares of the technology company’s stock valued at $360,000 after acquiring an additional 893 shares during the last quarter. Finally, Almanack Investment Partners LLC. bought a new position in shares of IBM during the 3rd quarter valued at approximately $443,000. 56.26% of the stock is owned by institutional investors.

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About IBM (NYSE:IBM)

International Business Machines Corporation operates as an integrated technology and services company worldwide. Its Cognitive Solutions segment offers Watson, a computing platform that interacts in language, processes big data, and learns from interactions with people and computers. This segment also offers data and analytics solutions, including analytics and data management platforms, cloud data services, enterprise social software, talent management solutions, and tailored industry solutions; and transaction processing software that runs mission-critical systems in banking, airlines, and retail industries.

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