Traders sold shares of EMC Corp. (NYSE:EMC) on strength during trading on Wednesday. $48.24 million flowed into the stock on the tick-up and $85.12 million flowed out of the stock on the tick-down, for a money net flow of $36.88 million out of the stock. Of all companies tracked, EMC Corp. had the 0th highest net out-flow for the day. EMC Corp. traded up $0.06 for the day and closed at $28.17

A number of research analysts have issued reports on the company. Morgan Stanley lowered EMC Corp. from an “overweight” rating to an “equal weight” rating and reduced their price target for the stock from $69.00 to $60.00 in a research report on Wednesday, June 1st. Macquarie lowered EMC Corp. from an “outperform” rating to a “neutral” rating and set a $30.00 price target for the company. in a research report on Wednesday, July 13th. Raymond James Financial Inc. lowered EMC Corp. from an “outperform” rating to a “market perform” rating in a research report on Monday. Robert W. Baird reiterated an “outperform” rating and set a $29.00 price target (up previously from $28.00) on shares of EMC Corp. in a research report on Tuesday. Finally, Brean Capital reiterated a “buy” rating on shares of EMC Corp. in a research report on Thursday, April 21st. One equities research analyst has rated the stock with a sell rating, eighteen have given a hold rating and fourteen have given a buy rating to the company. EMC Corp. currently has an average rating of “Hold” and a consensus price target of $30.20.

The company has a market capitalization of $55.02 billion and a P/E ratio of 27.40. The stock has a 50 day moving average of $27.61 and a 200-day moving average of $26.33.

EMC Corp. (NYSE:EMC) last posted its quarterly earnings results on Monday, July 18th. The information technology service provider reported $0.45 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.42 by $0.03. During the same period last year, the company earned $0.43 EPS. The company earned $6 billion during the quarter, compared to analyst estimates of $6 billion. The business’s revenue for the quarter was up .3% compared to the same quarter last year. Analysts expect that EMC Corp. will post $1.80 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, July 22nd. Stockholders of record on Friday, July 1st will be paid a $0.115 dividend. This represents a $0.46 dividend on an annualized basis and a dividend yield of 1.63%. The ex-dividend date is Wednesday, June 29th.

Other hedge funds and institutional investors have recently made changes to their positions in the company. Profund Advisors LLC increased its position in shares of EMC Corp. by 18.6% in the fourth quarter. Profund Advisors LLC now owns 43,968 shares of the information technology service provider’s stock valued at $1,129,000 after buying an additional 6,911 shares in the last quarter. Bangor Savings Bank increased its position in shares of EMC Corp. by 3.9% in the fourth quarter. Bangor Savings Bank now owns 45,652 shares of the information technology service provider’s stock valued at $1,172,000 after buying an additional 1,724 shares in the last quarter. Hamilton Point Investment Advisors LLC increased its position in shares of EMC Corp. by 6.3% in the fourth quarter. Hamilton Point Investment Advisors LLC now owns 86,721 shares of the information technology service provider’s stock valued at $2,227,000 after buying an additional 5,110 shares in the last quarter. Tradition Capital Management LLC increased its position in shares of EMC Corp. by 0.6% in the fourth quarter. Tradition Capital Management LLC now owns 87,650 shares of the information technology service provider’s stock valued at $2,250,000 after buying an additional 500 shares in the last quarter. Finally, Stonebridge Capital Advisors LLC increased its position in shares of EMC Corp. by 2.1% in the fourth quarter. Stonebridge Capital Advisors LLC now owns 87,804 shares of the information technology service provider’s stock valued at $2,255,000 after buying an additional 1,847 shares in the last quarter.

EMC Corporation (EMC) develops, delivers and supports the information technology (IT) industry’s range of information infrastructure and virtual infrastructure technologies, solutions and services. EMC manages the Company as part of a federation of businesses: EMC Information Infrastructure, VMware Virtual Infrastructure, Pivotal and Virtustream.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.