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 stocks 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 topic of a number of research reports. JPMorgan Chase & Co. restated a “hold” rating and set a $159.00 target price (up previously from $134.00) on shares of International Business Machines Corp. in a report on Tuesday, April 19th. Vetr cut shares of International Business Machines Corp. from a “hold” rating to a “sell” rating and set a $148.79 target price on the stock. in a report on Tuesday, May 31st. Deutsche Bank AG restated a “hold” rating on shares of International Business Machines Corp. in a report on Tuesday, April 19th. Royal Bank Of Canada restated a “sector perform” rating and set a $155.00 target price on shares of International Business Machines Corp. in a report on Tuesday, April 19th. Finally, Morgan Stanley restated an “overweight” rating on shares of International Business Machines Corp. in a report on Wednesday, June 29th. Five equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and eight have assigned a buy rating to the stock. International Business Machines Corp. currently has a consensus rating of “Hold” and an average target price of $145.48.

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

International Business Machines Corp. (NYSE:IBM) last released its earnings results on Monday, April 18th. The technology company reported $2.35 EPS for the quarter, topping the Zacks’ consensus estimate of $2.09 by $0.26. During the same period last year, the firm earned $2.91 EPS. The firm had revenue of $18.68 billion for the quarter, compared to analyst estimates of $18.28 billion. The company’s revenue for the quarter was down 4.6% compared to the same quarter last year. Analysts predict that International Business Machines Corp. will post $13.49 earnings per share for the current fiscal year.

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

Other hedge funds and institutional investors recently made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of 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 worth $8,091,565,000 after buying an additional 823,665 shares during the last quarter. Morgan Stanley increased its position in shares of 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 worth $605,498,000 after buying an additional 550,479 shares during the last quarter. California Public Employees Retirement System increased its position in shares of International Business Machines Corp. by 0.8% in the fourth quarter. California Public Employees Retirement System now owns 2,848,417 shares of the technology company’s stock worth $391,999,000 after buying an additional 22,500 shares during the last quarter. LSV Asset Management increased its position in shares of International Business Machines Corp. by 0.9% in the fourth quarter. LSV Asset Management now owns 1,942,191 shares of the technology company’s stock worth $267,284,000 after buying an additional 17,441 shares during the last quarter. Finally, Swiss National Bank increased its position in shares of International Business Machines Corp. by 1.2% in the fourth quarter. Swiss National Bank now owns 1,920,477 shares of the technology company’s stock worth $264,296,000 after buying an additional 22,200 shares during 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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