Investors sold shares of International Business Machines Corp. (NYSE:IBM) on strength during trading hours on Thursday. $98.20 million flowed into the stock on the tick-up and $177.99 million flowed out of the stock on the tick-down, for a money net flow of $79.79 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 $0.92 for the day and closed at $161.36

Several analysts have commented on IBM shares. Barclays PLC reaffirmed an “underweight” rating and issued a $125.00 price objective on shares of International Business Machines Corp. in a research report on Friday, April 22nd. Vetr lowered shares of International Business Machines Corp. from a “hold” rating to a “sell” rating and set a $144.50 price target on the stock. in a research report on Tuesday, April 26th. Morgan Stanley reissued a “buy” rating on shares of International Business Machines Corp. in a research report on Wednesday, May 4th. Deutsche Bank AG reissued a “hold” rating on shares of International Business Machines Corp. in a research report on Thursday, May 12th. Finally, Wells Fargo & Co. reissued a “hold” rating and issued a $142.50 price target on shares of International Business Machines Corp. in a research report on Tuesday, May 24th. Five 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. International Business Machines Corp. currently has a consensus rating of “Hold” and a consensus price target of $152.64.

The company has a market capitalization of $154.23 billion and a price-to-earnings ratio of 13.12. The company has a 50-day moving average of $159.46 and a 200 day moving average of $148.02.

International Business Machines Corp. (NYSE:IBM) last posted its earnings results 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. During the same period last year, the business posted $3.84 earnings per share. The business earned $20.20 billion during the quarter, compared to analysts’ expectations of $20.03 billion. The company’s revenue for the quarter was down 2.8% compared to the same quarter last year. Equities research analysts predict that International Business Machines Corp. will post $13.51 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Saturday, September 10th. Investors of record on Wednesday, August 10th will be issued a $1.40 dividend. This represents a $5.60 dividend on an annualized basis and a dividend yield of 3.47%. The ex-dividend date is Monday, August 8th.

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

Several hedge funds and institutional investors have bought and sold shares of the stock. Vanguard Group Inc. raised its position in International Business Machines Corp. by 1.4% in the fourth quarter. Vanguard Group Inc. now owns 58,796,441 shares of the technology company’s stock worth $8,091,565,000 after buying an additional 823,665 shares during the period. Morgan Stanley raised its position in International Business Machines Corp. by 14.3% in the fourth quarter. Morgan Stanley now owns 4,399,774 shares of the technology company’s stock worth $605,498,000 after buying an additional 550,479 shares during the period. American International Group Inc. raised its position in International Business Machines Corp. by 8.3% in the fourth quarter. American International Group Inc. now owns 2,631,937 shares of the technology company’s stock worth $362,207,000 after buying an additional 202,442 shares during the period. Dimensional Fund Advisors LP raised its position in International Business Machines Corp. by 6.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,839,451 shares of the technology company’s stock worth $253,168,000 after buying an additional 118,819 shares during the period. Finally, BlackRock Advisors LLC raised its position in International Business Machines Corp. by 8.2% in the fourth quarter. BlackRock Advisors LLC now owns 1,667,370 shares of the technology company’s stock worth $229,463,000 after buying an additional 126,163 shares during the period.

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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