Traders purchased shares of International Business Machines Corp. (NYSE:IBM) on weakness during trading on Tuesday. $112.02 million flowed into the stock on the tick-up and $91.08 million flowed out of the stock on the tick-down, for a money net flow of $20.94 million into the stock. Of all equities tracked, International Business Machines Corp. had the 19th highest net in-flow for the day. International Business Machines Corp. traded down ($0.87) for the day and closed at $160.58

A number of equities research analysts have recently issued reports on IBM shares. TheStreet upgraded International Business Machines Corp. to a “buy” rating in a research note on Thursday, April 7th. Morgan Stanley reiterated a “buy” rating on shares of International Business Machines Corp. in a research note on Monday, April 11th. Goldman Sachs Group Inc. reiterated a “neutral” rating and issued a $138.00 target price (up previously from $135.00) on shares of International Business Machines Corp. in a research note on Monday, April 11th. Credit Suisse Group AG reiterated a “sell” rating and issued a $110.00 target price on shares of International Business Machines Corp. in a research note on Wednesday, April 13th. Finally, Stifel Nicolaus increased their target price 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. Five analysts have rated the stock with a sell rating, fourteen have given a hold rating and nine have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $151.84.

The company has a market capitalization of $153.49 billion and a price-to-earnings ratio of 13.06. The firm has a 50 day moving average of $155.56 and a 200-day moving average of $145.18.

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

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, September 10th. Shareholders of record on Wednesday, August 10th will be issued a dividend of $1.40 per share. This represents a $5.60 dividend on an annualized basis and a yield of 3.49%. The ex-dividend date is Monday, August 8th.

In other news, SVP Robert J. Picciano sold 3,090 shares of the business’s stock in a transaction that occurred on Thursday, May 5th. The stock was sold at an average price of $146.49, for a total value of $452,654.10. Following the transaction, the senior vice president now directly owns 37,633 shares of the company’s stock, valued at approximately $5,512,858.17. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 completion of the transaction, the senior vice president now directly owns 11,408 shares in the company, valued at $1,676,976. The disclosure for this sale can be found here.

Several hedge funds and institutional investors have made changes to their positions in the company. Jennison Associates increased its position in shares of International Business Machines Corp. by 4.9% in the third quarter. Jennison Associates now owns 22,999 shares of the technology company’s stock valued at $3,334,000 after buying an additional 1,082 shares during the last quarter. Beacon Financial Group increased its position in shares of International Business Machines Corp. by 1.4% in the fourth quarter. Beacon Financial Group now owns 71,092 shares of the technology company’s stock valued at $9,906,000 after buying an additional 1,002 shares during the last quarter. TD Asset Management Inc. increased its position in shares of International Business Machines Corp. by 4.6% in the fourth quarter. TD Asset Management Inc. now owns 1,089,239 shares of the technology company’s stock valued at $149,901,000 after buying an additional 47,777 shares during the last quarter. Conning Inc. increased its position in shares of International Business Machines Corp. by 7.0% in the fourth quarter. Conning Inc. now owns 221,542 shares of the technology company’s stock valued at $30,489,000 after buying an additional 14,474 shares during the last quarter. Finally, Daiwa Securities Group Inc. increased its position in shares of International Business Machines Corp. by 5.9% in the fourth quarter. Daiwa Securities Group Inc. now owns 94,950 shares of the technology company’s stock valued at $13,068,000 after buying an additional 5,300 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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