Traders sold shares of International Business Machines Corp. (NYSE:IBM) on strength during trading on Monday. $76.91 million flowed into the stock on the tick-up and $90.92 million flowed out of the stock on the tick-down, for a money net flow of $14.01 million out of the stock. Of all stocks tracked, International Business Machines Corp. had the 0th highest net out-flow for the day. International Business Machines Corp. traded up $0.83 for the day and closed at $161.45

IBM has been the subject of a number of research reports. Cantor Fitzgerald increased their price target on International Business Machines Corp. from $122.00 to $135.00 and gave the company a “hold” rating in a research note on Tuesday, April 19th. Stifel Nicolaus increased their price target on International Business Machines Corp. from $155.00 to $165.00 and gave the company a “buy” rating in a research note on Thursday, April 14th. Credit Suisse Group AG reiterated a “sell” rating and issued a $122.00 price target on shares of International Business Machines Corp. in a research note on Tuesday, April 19th. Deutsche Bank AG reiterated a “hold” rating on shares of International Business Machines Corp. in a research note on Tuesday, April 19th. Finally, Cowen and Company reaffirmed an “outperform” rating on shares of International Business Machines Corp. in a research report on Wednesday, July 20th. Five investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and nine have given a buy rating to the company’s stock. International Business Machines Corp. currently has a consensus rating of “Hold” and an average price target of $151.84.

The company has a market cap of $154.32 billion and a P/E ratio of 13.13. The company has a 50 day moving average price of $155.29 and a 200-day moving average price of $144.95.

International Business Machines Corp. (NYSE:IBM) last announced its quarterly earnings results on Monday, July 18th. The technology company reported $2.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.89 by $0.06. During the same quarter in the prior year, the firm earned $3.84 EPS. 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% compared to the same quarter last year. Equities analysts expect that International Business Machines Corp. will post $13.50 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Saturday, September 10th. Investors of record on Wednesday, August 10th will be given a dividend of $1.40 per share. This represents a $5.60 annualized dividend and a dividend yield of 3.47%. The ex-dividend date of this dividend is Monday, August 8th.

In other International Business Machines Corp. news, 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 value of $438,942.00. Following the sale, the senior vice president now owns 11,408 shares in the company, valued at $1,676,976. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Robert J. Picciano sold 3,090 shares of the company’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 sale, the senior vice president now 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 large investors have made changes to their positions in IBM. Nelson Van Denburg & Campbell Wealth Management Group LLC boosted its stake in shares of International Business Machines Corp. by 5.0% in the fourth quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 8,099 shares of the technology company’s stock worth $1,115,000 after buying an additional 386 shares during the period. Bronfman E.L. Rothschild L.P. purchased a new stake in International Business Machines Corp. during the fourth quarter worth approximately $1,360,000. Trexquant Investment LP purchased a new stake in International Business Machines Corp. during the fourth quarter worth approximately $1,362,000. Spero Smith Investment Advisers Inc. OH boosted its stake in 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. Finally, Capital Investment Counsel Inc boosted its stake in International Business Machines Corp. by 4.5% in the fourth quarter. Capital Investment Counsel Inc now owns 10,968 shares of the technology company’s stock worth $1,509,000 after buying an additional 470 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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