Traders purchased shares of International Business Machines Corp. (NYSE:IBM) on weakness during trading on Tuesday. $319.42 million flowed into the stock on the tick-up and $267.31 million flowed out of the stock on the tick-down, for a money net flow of $52.11 million into the stock. Of all stocks tracked, International Business Machines Corp. had the 4th highest net in-flow for the day. International Business Machines Corp. traded down ($0.28) for the day and closed at $159.58

A number of research analysts recently weighed in on IBM shares. Sanford C. Bernstein dropped their price target on International Business Machines Corp. from $190.00 to $180.00 and set a “market perform” rating on the stock in a research note on Monday, March 28th. Credit Suisse Group AG reaffirmed a “sell” rating on shares of International Business Machines Corp. in a research note on Wednesday, July 13th. Cantor Fitzgerald reaffirmed a “hold” rating and set a $135.00 price target on shares of International Business Machines Corp. in a research note on Wednesday, July 6th. Societe Generale set a $115.00 price target on International Business Machines Corp. and gave the stock a “sell” rating in a research note on Monday, July 11th. Finally, Morgan Stanley upped their price target on International Business Machines Corp. from $140.00 to $168.00 and gave the stock an “overweight” rating in a research note on Thursday, March 31st. Five equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and eight have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $151.84.

The stock has a market cap of $153.19 billion and a price-to-earnings ratio of 12.10. The firm’s 50 day moving average price is $153.14 and its 200-day moving average price is $143.11.

International Business Machines Corp. (NYSE:IBM) last announced its earnings results on Monday, July 18th. The technology company reported $2.95 earnings per share for the quarter, beating analysts’ consensus estimates of $2.89 by $0.06. During the same quarter in the prior year, the firm posted $3.84 earnings per share. The company had revenue of $20.20 billion for the quarter, compared to analysts’ expectations of $20.03 billion. International Business Machines Corp.’s quarterly revenue was down 2.8% on a year-over-year basis. Analysts forecast that International Business Machines Corp. will post $13.49 EPS for the current fiscal year.

In other International Business Machines Corp. news, SVP Diane J. Gherson sold 2,986 shares of the business’s stock in a transaction on Friday, May 6th. The shares were 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 directly owns 11,408 shares in the company, valued at approximately $1,676,976. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Leo Allen Bruno V. Di sold 3,900 shares of the business’s stock in a transaction on Wednesday, April 20th. The shares were sold at an average price of $146.83, for a total transaction of $572,637.00. Following the sale, the senior vice president now owns 13,380 shares of the company’s stock, valued at $1,964,585.40. The disclosure for this sale can be found here.

Several large investors have modified their holdings of IBM. Weatherly Asset Management L. P. increased its stake 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 during the last quarter. OLD Mutual Customised Solutions Proprietary Ltd. increased its stake 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 during the last quarter. Spero Smith Investment Advisers Inc. OH increased its stake 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 during the last quarter. Arrow Financial Corp increased its stake 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 during the last quarter. Finally, Courier Capital Corp increased its stake 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 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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