Investors sold shares of International Business Machines Corp. (NYSE:IBM) on strength during trading on Monday. $171.33 million flowed into the stock on the tick-up and $244.31 million flowed out of the stock on the tick-down, for a money net flow of $72.98 million out of the stock. Of all companies tracked, International Business Machines Corp. had the 0th highest net out-flow for the day. International Business Machines Corp. traded up $0.08 for the day and closed at $159.86

IBM has been the subject of a number of analyst reports. Morgan Stanley reissued a “buy” rating on shares of International Business Machines Corp. in a research note on Wednesday, May 4th. Vetr cut shares of International Business Machines Corp. from a “hold” rating to a “sell” rating and set a $150.47 price objective for the company. in a research note on Monday, July 11th. Barclays PLC reissued a “sell” rating on shares of International Business Machines Corp. in a research note on Sunday. Cantor Fitzgerald reissued a “hold” rating on shares of International Business Machines Corp. in a research note on Sunday. Finally, Zacks Investment Research raised shares of International Business Machines Corp. from a “hold” rating to a “buy” rating and set a $179.00 price objective for the company in a research note on Monday. Five analysts have rated the stock with a sell rating, eleven have issued a hold rating and nine have assigned a buy rating to the company’s stock. International Business Machines Corp. has an average rating of “Hold” and an average target price of $146.87.

The firm has a market capitalization of $153.46 billion and a price-to-earnings ratio of 12.12. The company’s 50 day moving average is $152.95 and its 200-day moving average is $142.99.

International Business Machines Corp. (NYSE:IBM) last released its earnings results on Monday, July 18th. The technology company reported $2.95 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.88 by $0.07. During the same period in the previous year, the company earned $3.84 EPS. The business 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% compared to the same quarter last year. Equities research analysts expect that International Business Machines Corp. will post $13.49 earnings per share for the current year.

In related news, SVP Robert J. Picciano sold 3,090 shares of the company’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 sale, the senior vice president now owns 37,633 shares of the company’s stock, valued at $5,512,858.17. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Diane J. Gherson sold 2,986 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at approximately $1,676,976. The disclosure for this sale can be found here.

Several large investors have recently made changes to their positions in the stock. Weatherly Asset Management L. P. raised 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 in the last quarter. OLD Mutual Customised Solutions Proprietary Ltd. raised 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 in the last quarter. Spero Smith Investment Advisers Inc. OH raised 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 in the last quarter. Arrow Financial Corp raised 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 in the last quarter. Finally, Courier Capital Corp raised 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 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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