Traders bought 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

A number of equities analysts have recently weighed in on IBM shares. Cantor Fitzgerald upped their price objective on International Business Machines Corp. from $122.00 to $135.00 and gave the stock a “hold” rating in a research note on Tuesday, April 19th. Stifel Nicolaus upped their price objective on International Business Machines Corp. from $155.00 to $165.00 and gave the stock a “buy” rating in a research note on Thursday, April 14th. Societe Generale lowered International Business Machines Corp. from a “hold” rating to a “sell” rating and dropped their price objective for the stock from $200.00 to $183.00 in a research note on Monday, March 28th. Credit Suisse Group AG reaffirmed a “sell” rating and issued a $122.00 price objective on shares of International Business Machines Corp. in a research note on Tuesday, April 19th. Finally, Deutsche Bank AG reaffirmed a “hold” rating on shares of International Business Machines Corp. in a research note on Tuesday, April 19th. Five equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and nine have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $151.84.

The firm has a market capitalization of $155.17 billion and a PE ratio of 13.18. The company’s 50 day moving average is $153.83 and its 200 day moving average is $143.56.

International Business Machines Corp. (NYSE:IBM) last released its quarterly earnings results on Monday, July 18th. The technology company reported $2.95 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.89 by $0.06. The firm had revenue of $20.20 billion for the quarter, compared to analysts’ expectations of $20.03 billion. The firm’s quarterly revenue was down 2.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.84 EPS. Equities research analysts expect that International Business Machines Corp. will post $13.51 earnings per share for the current year.

In other International Business Machines Corp. news, SVP Diane J. Gherson sold 2,986 shares of the business’s stock in a transaction that occurred on Friday, May 6th. The stock was sold at an average price of $147.00, for a total value of $438,942.00. Following the sale, the senior vice president now owns 11,408 shares of the company’s stock, valued at $1,676,976. The sale was disclosed in a filing with the SEC, which can be accessed through 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 sale, the senior vice president now directly owns 37,633 shares in the company, valued at approximately $5,512,858.17. The disclosure for this sale can be found here.

A number of hedge funds have recently made changes to their positions in the stock. Nicholas Co. Inc. WI purchased a new stake in shares of International Business Machines Corp. during the fourth quarter worth about $120,906,000. Flippin Bruce & Porter Inc. raised 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. raised 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 raised 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 raised 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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