Investors bought shares of International Business Machines Corp. (NYSE:IBM) on weakness during trading hours on Wednesday. $128.81 million flowed into the stock on the tick-up and $75.77 million flowed out of the stock on the tick-down, for a money net flow of $53.04 million into the stock. Of all companies tracked, International Business Machines Corp. had the 5th highest net in-flow for the day. International Business Machines Corp. traded down ($0.26) for the day and closed at $160.44

A number of equities research analysts have recently weighed in on IBM shares. Morgan Stanley reissued a “buy” rating and set a $168.00 target price on shares of International Business Machines Corp. in a report on Sunday, July 17th. Cantor Fitzgerald reissued a “hold” rating on shares of International Business Machines Corp. in a report on Sunday, July 17th. Standpoint Research downgraded International Business Machines Corp. from a “buy” rating to a “hold” rating in a research note on Monday, July 25th. Barclays PLC reaffirmed an “underweight” rating and issued a $125.00 price target on shares of International Business Machines Corp. in a research note on Friday, April 22nd. Finally, Vetr downgraded International Business Machines Corp. from a “hold” rating to a “sell” rating and set a $144.50 price target for the company. in a research note on Tuesday, April 26th. Five equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and nine have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $152.64.

The stock has a market cap of $153.36 billion and a P/E ratio of 13.05. The firm has a 50-day moving average price of $159.09 and a 200 day moving average price of $147.92.

International Business Machines Corp. (NYSE:IBM) last announced its quarterly earnings data on Monday, July 18th. The technology company reported $2.95 earnings per share for the quarter, beating the Zacks’ 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 business’s quarterly revenue was down 2.8% on a year-over-year basis. During the same period in the prior year, the business posted $3.84 earnings per share. On average, equities research analysts predict that International Business Machines Corp. will post $13.51 EPS for the current fiscal year.

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

In related news, insider John E. Kelly III sold 6,698 shares of the firm’s stock in a transaction that occurred on Tuesday, August 2nd. The stock was sold at an average price of $160.89, for a total transaction of $1,077,641.22. Following the transaction, the insider now directly owns 33,576 shares in the company, valued at approximately $5,402,042.64. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Robert J. Leblanc sold 15,708 shares of the firm’s stock in a transaction that occurred on Tuesday, August 9th. The stock was sold at an average price of $162.25, for a total value of $2,548,623.00. Following the transaction, the insider now owns 61,374 shares in the company, valued at $9,957,931.50. The disclosure for this sale can be found here.

Other large investors have modified their holdings of the company. Ancora Advisors LLC raised its stake in shares of International Business Machines Corp. by 0.6% in the fourth quarter. Ancora Advisors LLC now owns 8,177 shares of the technology company’s stock worth $1,312,000 after buying an additional 46 shares in the last quarter. Budros Ruhlin & Roe Inc. raised its stake in shares of International Business Machines Corp. by 3.5% in the fourth quarter. Budros Ruhlin & Roe Inc. now owns 9,499 shares of the technology company’s stock worth $1,307,000 after buying an additional 324 shares in the last quarter. Trexquant Investment LP acquired a new stake in shares of International Business Machines Corp. during the fourth quarter worth $1,362,000. Spero Smith Investment Advisers Inc. OH raised its stake in shares of 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 in the last quarter. Finally, Capital Investment Counsel Inc raised its stake in shares of 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 in 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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