Traders sold shares of International Business Machines Corp. (NYSE:IBM) on strength during trading on Wednesday. $76.88 million flowed into the stock on the tick-up and $104.23 million flowed out of the stock on the tick-down, for a money net flow of $27.35 million out of the stock. Of all equities tracked, International Business Machines Corp. had the 0th highest net out-flow for the day. International Business Machines Corp. traded up $1.08 for the day and closed at $155.53

Several research analysts have recently weighed in on the company. Vetr upgraded International Business Machines Corp. from a “sell” rating to a “hold” rating and set a $156.55 price target for the company in a research note on Monday, August 29th. Cantor Fitzgerald restated a “hold” rating and issued a $162.00 price target on shares of International Business Machines Corp. in a research note on Monday, September 12th. Cowen and Company restated an “outperform” rating on shares of International Business Machines Corp. in a research note on Wednesday, July 20th. Credit Suisse Group AG restated a “sell” rating and issued a $110.00 price target on shares of International Business Machines Corp. in a research note on Thursday, June 23rd. Finally, Citigroup Inc. boosted their price target 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. Five equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and eight have assigned a buy rating to the stock. International Business Machines Corp. has an average rating of “Hold” and a consensus target price of $153.22.

The company has a market capitalization of $148.66 billion, a price-to-earnings ratio of 12.65 and a beta of 0.77. The stock’s 50 day moving average is $159.26 and its 200-day moving average is $152.94.

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International Business Machines Corp. (NYSE:IBM) last announced its quarterly earnings results on Monday, July 18th. The technology company reported $2.95 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.89 by $0.06. The company had revenue of $20.20 billion for the quarter, compared to analyst estimates of $20.03 billion. International Business Machines Corp. had a net margin of 14.86% and a return on equity of 88.92%. International Business Machines Corp.’s revenue for the quarter was down 2.8% on a year-over-year basis. During the same quarter last year, the business earned $3.84 EPS. On average, equities research analysts predict that International Business Machines Corp. will post $13.51 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Saturday, September 10th. Shareholders of record on Wednesday, August 10th were issued a $1.40 dividend. The ex-dividend date of this dividend was Monday, August 8th. This represents a $5.60 dividend on an annualized basis and a dividend yield of 3.60%. International Business Machines Corp.’s dividend payout ratio (DPR) is presently 45.53%.

In other International Business Machines Corp. news, insider Robert J. Leblanc sold 15,708 shares of International Business Machines Corp. stock in a transaction on Tuesday, August 9th. The shares were sold at an average price of $162.25, for a total value of $2,548,623.00. Following the transaction, the insider now owns 61,374 shares in the company, valued at approximately $9,957,931.50. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider John E. Kelly III sold 6,698 shares of International Business Machines Corp. stock in a transaction on Tuesday, August 2nd. The shares were sold at an average price of $160.89, for a total transaction of $1,077,641.22. Following the completion of the transaction, the insider now owns 33,576 shares in the company, valued at approximately $5,402,042.64. The disclosure for this sale can be found here. 0.08% of the stock is currently owned by company insiders.

Several institutional investors have recently made changes to their positions in IBM. Jackson Grant Investment Advisers Inc. raised its position in International Business Machines Corp. by 0.7% in the second quarter. Jackson Grant Investment Advisers Inc. now owns 726 shares of the technology company’s stock valued at $110,000 after buying an additional 5 shares during the last quarter. Round Table Services LLC raised its position in International Business Machines Corp. by 0.4% in the second quarter. Round Table Services LLC now owns 1,620 shares of the technology company’s stock valued at $246,000 after buying an additional 6 shares during the last quarter. Nadler Financial Group Inc. raised its position in International Business Machines Corp. by 0.4% in the second quarter. Nadler Financial Group Inc. now owns 2,243 shares of the technology company’s stock valued at $340,000 after buying an additional 8 shares during the last quarter. Financial & Investment Management Group Ltd. raised its position in International Business Machines Corp. by 0.7% in the second quarter. Financial & Investment Management Group Ltd. now owns 1,921 shares of the technology company’s stock valued at $292,000 after buying an additional 14 shares during the last quarter. Finally, Rench Wealth Management Inc. raised its position in International Business Machines Corp. by 1.0% in the second quarter. Rench Wealth Management Inc. now owns 1,436 shares of the technology company’s stock valued at $218,000 after buying an additional 14 shares during the last quarter. Institutional investors own 57.61% 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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