Investors bought shares of International Business Machines Corp. (NYSE:IBM) on weakness during trading hours on Tuesday. $103.45 million flowed into the stock on the tick-up and $46.67 million flowed out of the stock on the tick-down, for a money net flow of $56.78 million into the stock. Of all equities tracked, International Business Machines Corp. had the 4th highest net in-flow for the day. International Business Machines Corp. traded down ($0.32) for the day and closed at $159.40

A number of equities analysts have recently commented on IBM shares. JMP Securities reaffirmed a “buy” rating and set a $157.00 target price on shares of International Business Machines Corp. in a research report on Thursday, June 23rd. Morgan Stanley reaffirmed a “buy” rating and set a $168.00 target price on shares of International Business Machines Corp. in a research report on Tuesday, May 17th. Vetr lowered shares of International Business Machines Corp. from a “hold” rating to a “sell” rating and set a $148.79 target price on the stock. in a research report on Tuesday, May 31st. 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. Finally, Oppenheimer Holdings Inc. began coverage on shares of International Business Machines Corp. in a research report on Monday, August 15th. They set a “market perform” rating on the stock. Four equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating and eight have assigned a buy rating to the company’s stock. International Business Machines Corp. currently has an average rating of “Hold” and a consensus price target of $151.96.

The stock’s 50 day moving average is $160.72 and its 200 day moving average is $150.43. The firm has a market capitalization of $152.36 billion and a P/E ratio of 12.96.

International Business Machines Corp. (NYSE:IBM) last issued its quarterly earnings results on Monday, July 18th. The technology company reported $2.95 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.89 by $0.06. The business had revenue of $20.20 billion for the quarter, compared to analyst estimates of $20.03 billion. During the same quarter in the prior year, the company earned $3.84 EPS. The firm’s revenue for the quarter was down 2.8% on a year-over-year basis. Equities analysts expect that International Business Machines Corp. will post $13.51 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Saturday, September 10th. Stockholders of record on Wednesday, August 10th will be paid a $1.40 dividend. This represents a $5.60 annualized dividend and a dividend yield of 3.51%. The ex-dividend date is Monday, August 8th.

In other news, insider Erich Clementi sold 2,984 shares of the firm’s stock in a transaction on Thursday, August 25th. The shares were sold at an average price of $159.00, for a total value of $474,456.00. Following the completion of the sale, the insider now owns 22,531 shares in the company, valued at approximately $3,582,429. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider John E. Kelly III sold 6,698 shares of the firm’s stock in a transaction 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 completion of the sale, the insider now owns 33,576 shares of the company’s stock, valued at approximately $5,402,042.64. The disclosure for this sale can be found here.

Other hedge funds have recently added to or reduced their stakes in the company. Mizuho Trust & Banking Co. Ltd. boosted its stake in International Business Machines Corp. by 0.7% in the fourth quarter. Mizuho Trust & Banking Co. Ltd. now owns 1,426,992 shares of the technology company’s stock valued at $198,837,000 after buying an additional 9,798 shares during the period. Liberty Mutual Group Asset Management Inc. boosted its stake in International Business Machines Corp. by 66.9% in the fourth quarter. Liberty Mutual Group Asset Management Inc. now owns 53,536 shares of the technology company’s stock valued at $7,368,000 after buying an additional 21,450 shares during the period. GSA Capital Partners LLP boosted its stake 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 valued at $1,570,000 after buying an additional 7,272 shares during the period. BOKF NA boosted its stake in International Business Machines Corp. by 2.4% in the fourth quarter. BOKF NA now owns 76,554 shares of the technology company’s stock valued at $10,536,000 after buying an additional 1,825 shares during the period. Finally, Everett Harris & Co. CA boosted its stake in International Business Machines Corp. by 30.0% in the fourth quarter. Everett Harris & Co. CA now owns 83,130 shares of the technology company’s stock valued at $11,440,000 after buying an additional 19,161 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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