Investors sold shares of International Business Machines Corp. (NYSE:IBM) on strength during trading 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 companies 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

IBM has been the topic of a number of analyst reports. Barclays PLC reaffirmed an “underweight” rating and issued a $125.00 price objective on shares of International Business Machines Corp. in a report on Friday, April 22nd. JMP Securities reiterated a “buy” rating and issued a $157.00 target price on shares of International Business Machines Corp. in a research report on Thursday, June 23rd. Vetr lowered shares of International Business Machines Corp. from a “hold” rating to a “sell” rating and set a $148.79 target price for the company. in a research report on Tuesday, May 31st. Morgan Stanley reiterated a “buy” rating and issued a $168.00 target price on shares of International Business Machines Corp. in a research report on Tuesday, May 17th. Finally, Zacks Investment Research lowered shares of International Business Machines Corp. from a “hold” rating to a “sell” rating in a research report on Tuesday, June 21st. Five investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and nine have issued a buy rating to the company’s stock. International Business Machines Corp. currently has an average rating of “Hold” and a consensus target price of $152.64.

The firm has a market cap of $152.97 billion and a PE ratio of 13.01. The firm has a 50 day moving average price of $159.70 and a 200-day moving average price of $148.27.

International Business Machines Corp. (NYSE:IBM) last announced its earnings results on Monday, July 18th. The technology company reported $2.95 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.89 by $0.06. The company 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% on a year-over-year basis. During the same period in the previous year, the firm earned $3.84 EPS. Analysts forecast that International Business Machines Corp. will post $13.51 EPS for the current fiscal year.

The business also recently announced 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. The ex-dividend date of this dividend is Monday, August 8th. This represents a $5.60 annualized dividend and a dividend yield of 3.50%.

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

A number of institutional investors have bought and sold shares of IBM. Budros Ruhlin & Roe Inc. boosted its position in 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 during the last quarter. Trexquant Investment LP purchased a new position in International Business Machines Corp. during the fourth quarter worth about $1,362,000. Spero Smith Investment Advisers Inc. OH boosted its position 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. Capital Investment Counsel Inc boosted its position 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. Finally, GSA Capital Partners LLP boosted its position in International Business Machines Corp. by 175.7% in the fourth quarter. GSA Capital Partners LLP now owns 11,410 shares of the technology company’s stock worth $1,570,000 after buying an additional 7,272 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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