Investors purchased shares of International Business Machines Corp. (NYSE:IBM) on weakness during trading hours on Friday. $252.93 million flowed into the stock on the tick-up and $107.10 million flowed out of the stock on the tick-down, for a money net flow of $145.83 million into the stock. Of all equities tracked, International Business Machines Corp. had the 9th highest net in-flow for the day. International Business Machines Corp. traded down ($0.50) for the day and closed at $159.78

IBM has been the subject of a number of recent analyst reports. Cantor Fitzgerald increased their target price on shares of International Business Machines Corp. from $122.00 to $135.00 and gave the stock a “hold” rating in a research report on Tuesday, April 19th. Stifel Nicolaus increased their target price on shares of International Business Machines Corp. from $155.00 to $165.00 and gave the stock a “buy” rating in a research report on Thursday, April 14th. Societe Generale lowered shares of International Business Machines Corp. from a “hold” rating to a “sell” rating and decreased their price objective for the stock from $200.00 to $183.00 in a report on Monday, March 28th. Credit Suisse Group AG reissued a “sell” rating and set a $122.00 price objective on shares of International Business Machines Corp. in a report on Tuesday, April 19th. Finally, Deutsche Bank AG reissued a “hold” rating on shares of International Business Machines Corp. in a report on Tuesday, April 19th. Five equities research analysts have rated the stock with a sell rating, twelve 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 price target of $145.48.

The company has a market capitalization of $153.38 billion and a PE ratio of 12.11. The company has a 50-day moving average price of $152.74 and a 200-day moving average price of $142.78.

International Business Machines Corp. (NYSE:IBM) last posted its quarterly earnings results on Monday, April 18th. The technology company reported $2.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.09 by $0.26. The business had revenue of $18.68 billion for the quarter, compared to the consensus estimate of $18.28 billion. International Business Machines Corp.’s quarterly revenue was down 4.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.91 earnings per share. Equities analysts predict that International Business Machines Corp. will post $13.49 EPS for the current year.

In other International Business Machines Corp. news, SVP Robert J. Picciano sold 3,090 shares of the stock in a transaction that occurred on Thursday, May 5th. The stock was sold at an average price of $146.49, for a total transaction of $452,654.10. Following the transaction, the senior vice president now directly owns 37,633 shares in the company, valued at approximately $5,512,858.17. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Diane J. Gherson sold 2,986 shares of the stock in a transaction that occurred on Friday, May 6th. The stock was sold at an average price of $147.00, for a total value of $438,942.00. Following the transaction, the senior vice president now owns 11,408 shares in the company, valued at $1,676,976. The disclosure for this sale can be found here.

Several institutional investors have recently modified their holdings of IBM. Weatherly Asset Management L. P. boosted its position in shares of International Business Machines Corp. by 0.6% in the fourth quarter. Weatherly Asset Management L. P. now owns 13,453 shares of the technology company’s stock worth $1,851,000 after buying an additional 79 shares in the last quarter. OLD Mutual Customised Solutions Proprietary Ltd. boosted its position in shares of International Business Machines Corp. by 0.4% in the fourth quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 27,000 shares of the technology company’s stock worth $3,716,000 after buying an additional 100 shares in the last quarter. Spero Smith Investment Advisers Inc. OH boosted its position in shares of International Business Machines Corp. by 1.2% in the fourth quarter. Spero Smith Investment Advisers Inc. OH now owns 10,132 shares of the technology company’s stock worth $1,394,000 after buying an additional 118 shares in the last quarter. Arrow Financial Corp boosted its position in shares of International Business Machines Corp. by 0.5% in the fourth quarter. Arrow Financial Corp now owns 24,488 shares of the technology company’s stock worth $3,371,000 after buying an additional 121 shares in the last quarter. Finally, Courier Capital Corp boosted its position in shares of International Business Machines Corp. by 0.7% in the fourth quarter. Courier Capital Corp now owns 19,874 shares of the technology company’s stock worth $2,735,000 after buying an additional 135 shares in the last quarter.

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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