Traders purchased shares of International Business Machines Corp. (NYSE:IBM) on weakness during trading hours on Thursday. $227.83 million flowed into the stock on the tick-up and $103.37 million flowed out of the stock on the tick-down, for a money net flow of $124.46 million into the stock. Of all companies tracked, International Business Machines Corp. had the 2nd highest net in-flow for the day. International Business Machines Corp. traded down ($0.91) for the day and closed at $160.45

Several analysts have weighed in on IBM shares. Cantor Fitzgerald boosted their price objective on International Business Machines Corp. from $122.00 to $135.00 and gave the stock a “hold” rating in a report on Tuesday, April 19th. Stifel Nicolaus boosted their target price on 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 International Business Machines Corp. from a “hold” rating to a “sell” rating and decreased their target price for the stock from $200.00 to $183.00 in a research report on Monday, March 28th. Credit Suisse Group AG restated a “sell” rating and set a $122.00 target price on shares of International Business Machines Corp. in a research report on Tuesday, April 19th. Finally, Deutsche Bank AG restated a “hold” rating on shares of International Business Machines Corp. in a research report on Tuesday, April 19th. Five investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and nine have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $151.84.

The company has a market cap of $154.03 billion and a P/E ratio of 12.17. The stock has a 50 day moving average price of $153.58 and a 200 day moving average price of $143.37.

International Business Machines Corp. (NYSE:IBM) last issued its quarterly earnings data on Monday, July 18th. The technology company reported $2.95 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.89 by $0.06. The company had revenue of $20.20 billion for the quarter, compared to the consensus estimate of $20.03 billion. During the same quarter last year, the business earned $3.84 earnings per share. International Business Machines Corp.’s revenue was down 2.8% compared to the same quarter last year. On average, equities analysts forecast that International Business Machines Corp. will post $13.51 earnings per share for the current year.

In other news, SVP Robert J. Picciano sold 3,090 shares of the firm’s stock in a transaction dated Thursday, May 5th. The stock was sold at an average price of $146.49, for a total transaction of $452,654.10. Following the completion of the transaction, the senior vice president now directly owns 37,633 shares in the company, valued at $5,512,858.17. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Diane J. Gherson sold 2,986 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at $1,676,976. The disclosure for this sale can be found here.

A number of large investors have modified their holdings of the company. Nicholas Co. Inc. WI acquired a new stake in shares of International Business Machines Corp. during the fourth quarter worth $120,906,000. Flippin Bruce & Porter Inc. increased its stake in shares of International Business Machines Corp. by 1.4% in the fourth quarter. Flippin Bruce & Porter Inc. now owns 51,341 shares of the technology company’s stock worth $7,066,000 after buying an additional 723 shares during the last quarter. Roosevelt Investment Group Inc. increased its stake in shares of International Business Machines Corp. by 38.2% in the fourth quarter. Roosevelt Investment Group Inc. now owns 19,483 shares of the technology company’s stock worth $2,681,000 after buying an additional 5,384 shares during the last quarter. R.M.SINCERBEAUX Capital Management LLC increased its stake in shares of International Business Machines Corp. by 4.0% in the fourth quarter. R.M.SINCERBEAUX Capital Management LLC now owns 31,445 shares of the technology company’s stock worth $4,327,000 after buying an additional 1,200 shares during the last quarter. Finally, Morningstar Investment Services LLC increased its stake in shares of International Business Machines Corp. by 903.8% in the fourth quarter. Morningstar Investment Services LLC now owns 19,083 shares of the technology company’s stock worth $2,626,000 after buying an additional 17,182 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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