Traders sold shares of International Business Machines Corporation (NYSE:IBM) on strength during trading on Monday. $87.37 million flowed into the stock on the tick-up and $127.52 million flowed out of the stock on the tick-down, for a money net flow of $40.15 million out of the stock. Of all equities tracked, International Business Machines Corporation had the 0th highest net out-flow for the day. International Business Machines Corporation traded up $1.58 for the day and closed at $146.66

A number of research analysts recently weighed in on IBM shares. ValuEngine upgraded shares of International Business Machines Corporation from a “hold” rating to a “buy” rating in a research note on Monday. Wedbush restated a “neutral” rating and set a $155.00 target price on shares of International Business Machines Corporation in a research report on Wednesday, August 9th. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $160.00 price target on shares of International Business Machines Corporation in a report on Friday, August 18th. Vetr lowered International Business Machines Corporation from a “buy” rating to a “hold” rating and set a $150.68 price target for the company. in a report on Monday, August 7th. Finally, Sanford C. Bernstein reiterated a “market perform” rating and issued a $150.00 price target on shares of International Business Machines Corporation in a research report on Wednesday, August 9th. Seven equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating and nine have given a buy rating to the company. International Business Machines Corporation currently has an average rating of “Hold” and a consensus target price of $157.12.

The firm’s 50 day moving average price is $143.92 and its 200-day moving average price is $153.27. The company has a market capitalization of $136.82 billion, a PE ratio of 12.18 and a beta of 0.95. International Business Machines Corporation also saw some unusual options trading activity on Monday. Stock traders purchased 10,093 call options on the company. This is an increase of approximately 136% compared to the average volume of 4,279 call options.

International Business Machines Corporation (NYSE:IBM) last released its quarterly earnings data on Tuesday, July 18th. The technology company reported $2.97 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.74 by $0.23. International Business Machines Corporation had a net margin of 14.58% and a return on equity of 71.53%. The business had revenue of $19.29 billion during the quarter, compared to analyst estimates of $19.45 billion. During the same quarter last year, the business earned $2.95 earnings per share. International Business Machines Corporation’s quarterly revenue was down 4.7% compared to the same quarter last year. On average, equities research analysts forecast that International Business Machines Corporation will post $13.76 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Saturday, September 9th. Stockholders of record on Thursday, August 10th were issued a $1.50 dividend. The ex-dividend date was Tuesday, August 8th. This represents a $6.00 dividend on an annualized basis and a dividend yield of 4.09%. International Business Machines Corporation’s dividend payout ratio (DPR) is presently 49.88%.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Fulton Bank N.A. grew its position in International Business Machines Corporation by 7.8% in the third quarter. Fulton Bank N.A. now owns 21,612 shares of the technology company’s stock worth $3,136,000 after acquiring an additional 1,555 shares in the last quarter. Beacon Financial Group raised its position in International Business Machines Corporation by 40.7% during the third quarter. Beacon Financial Group now owns 6,917 shares of the technology company’s stock valued at $1,004,000 after purchasing an additional 2,000 shares during the period. Curbstone Financial Management Corp raised its position in International Business Machines Corporation by 93.5% during the third quarter. Curbstone Financial Management Corp now owns 10,386 shares of the technology company’s stock valued at $1,507,000 after purchasing an additional 5,018 shares during the period. Park National Corp OH raised its position in International Business Machines Corporation by 3.6% during the third quarter. Park National Corp OH now owns 224,540 shares of the technology company’s stock valued at $32,576,000 after purchasing an additional 7,756 shares during the period. Finally, Hefty Wealth Partners raised its position in International Business Machines Corporation by 63.9% during the third quarter. Hefty Wealth Partners now owns 7,972 shares of the technology company’s stock valued at $1,157,000 after purchasing an additional 3,109 shares during the period. Institutional investors own 57.88% of the company’s stock.

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About International Business Machines Corporation

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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