Investors sold shares of International Business Machines Corp. (NYSE:IBM) on strength during trading hours on Wednesday. $91.69 million flowed into the stock on the tick-up and $118.22 million flowed out of the stock on the tick-down, for a money net flow of $26.53 million out of the stock. Of all stocks tracked, International Business Machines Corp. had the 0th highest net out-flow for the day. International Business Machines Corp. traded up $0.98 for the day and closed at $158.02

Several research firms have weighed in on IBM. Credit Suisse Group AG restated a “sell” rating on shares of International Business Machines Corp. in a report on Wednesday. Vetr downgraded shares of International Business Machines Corp. from a “hold” rating to a “sell” rating and set a $150.47 target price for the company. in a report on Monday. Societe Generale set a $115.00 target price on shares of International Business Machines Corp. and gave the company a “sell” rating in a report on Monday. Cantor Fitzgerald restated a “hold” rating and set a $135.00 target price on shares of International Business Machines Corp. in a report on Wednesday, July 6th. Finally, Zacks Investment Research upgraded shares of International Business Machines Corp. from a “sell” rating to a “hold” rating in a report on Monday, July 4th. Five analysts have rated the stock with a sell rating, twelve have issued a hold rating and eight have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $144.82.

The firm has a market capitalization of $151.69 billion and a PE ratio of 11.98. The firm’s 50 day moving average is $152.27 and its 200-day moving average is $142.49.

International Business Machines Corp. (NYSE:IBM) last announced its earnings results on Monday, April 18th. The technology company reported $2.35 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.09 by $0.26. The business earned $18.68 billion during the quarter, compared to analyst estimates of $18.28 billion. The business’s quarterly revenue was down 4.6% compared to the same quarter last year. During the same quarter last year, the business posted $2.91 earnings per share. Equities research analysts forecast that International Business Machines Corp. will post $13.49 EPS for the current year.

In related news, SVP Leo Allen Bruno V. Di sold 3,900 shares of the firm’s stock in a transaction dated Wednesday, April 20th. The stock was sold at an average price of $146.83, for a total value of $572,637.00. Following the transaction, the senior vice president now owns 13,380 shares in the company, valued at $1,964,585.40. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Robert J. Picciano sold 3,090 shares of the firm’s stock in a transaction dated Thursday, May 5th. The shares were sold at an average price of $146.49, for a total value of $452,654.10. Following the completion of the transaction, the senior vice president now owns 37,633 shares in the company, valued at approximately $5,512,858.17. The disclosure for this sale can be found here.

Other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in International Business Machines Corp. by 1.4% in the fourth quarter. Vanguard Group Inc. now owns 58,796,441 shares of the technology company’s stock valued at $8,091,565,000 after buying an additional 823,665 shares in the last quarter. Winton Capital Group Ltd boosted its position in International Business Machines Corp. by 97.6% in the fourth quarter. Winton Capital Group Ltd now owns 1,415,447 shares of the technology company’s stock valued at $194,794,000 after buying an additional 699,239 shares in the last quarter. Morgan Stanley boosted its position in International Business Machines Corp. by 14.3% in the fourth quarter. Morgan Stanley now owns 4,399,774 shares of the technology company’s stock valued at $605,498,000 after buying an additional 550,479 shares in the last quarter. Teacher Retirement System of Texas boosted its position in International Business Machines Corp. by 70.6% in the fourth quarter. Teacher Retirement System of Texas now owns 539,940 shares of the technology company’s stock valued at $74,307,000 after buying an additional 223,485 shares in the last quarter. Finally, BHF Kleinwort Benson Group S.A. purchased a new position in International Business Machines Corp. during the fourth quarter valued at about $29,057,000.

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).

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