Traders purchased shares of International Business Machines Corp. (NYSE:IBM) on weakness during trading hours on Wednesday. $111.68 million flowed into the stock on the tick-up and $62.45 million flowed out of the stock on the tick-down, for a money net flow of $49.23 million into the stock. Of all companies tracked, International Business Machines Corp. had the 25th highest net in-flow for the day. International Business Machines Corp. traded down ($0.52) for the day and closed at $158.88

Several equities analysts have recently issued reports on the company. Standpoint Research lowered International Business Machines Corp. from a “buy” rating to a “hold” rating in a research report on Monday, July 25th. Cantor Fitzgerald restated a “hold” rating on shares of International Business Machines Corp. in a research report on Monday, August 8th. Drexel Hamilton restated a “buy” rating and set a $186.00 target price on shares of International Business Machines Corp. in a research report on Monday, August 15th. Oppenheimer Holdings Inc. assumed coverage on International Business Machines Corp. in a report on Monday, August 15th. They set a “market perform” rating on the stock. Finally, Barclays PLC lifted their price objective on International Business Machines Corp. from $125.00 to $140.00 and gave the company an “underweight” rating in a report on Friday, July 15th. Four equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and eight have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $151.96.

The stock has a 50 day moving average of $160.77 and a 200-day moving average of $150.49. The company has a market cap of $151.86 billion and a P/E ratio of 12.92.

International Business Machines Corp. (NYSE:IBM) last issued its quarterly earnings results on Monday, July 18th. The technology company reported $2.95 EPS 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 the consensus estimate of $20.03 billion. The business’s revenue was down 2.8% compared to the same quarter last year. During the same quarter last year, the business 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 firm also recently declared 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 is Monday, August 8th. This represents a $5.60 dividend on an annualized basis and a yield of 3.52%.

In related news, insider Erich Clementi sold 6,000 shares of International Business Machines Corp. stock in a transaction on Tuesday, August 23rd. The stock was sold at an average price of $160.28, for a total transaction of $961,680.00. Following the sale, the insider now directly owns 25,100 shares in the company, valued at $4,023,028. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Robert J. Leblanc sold 15,708 shares of International Business Machines Corp. stock in a transaction 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 sale, 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 hedge funds have modified their holdings of the company. GSA Capital Partners LLP raised its stake in shares of 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 period. Pekin Singer Strauss Asset Management IL raised its stake in shares of International Business Machines Corp. by 9.5% in the fourth quarter. Pekin Singer Strauss Asset Management IL now owns 13,690 shares of the technology company’s stock worth $1,884,000 after buying an additional 1,191 shares during the period. Wilkins Investment Counsel Inc. raised its stake in shares of International Business Machines Corp. by 0.8% in the fourth quarter. Wilkins Investment Counsel Inc. now owns 18,325 shares of the technology company’s stock worth $2,522,000 after buying an additional 152 shares during the period. Roosevelt Investment Group Inc. raised its stake in shares of International Business Machines Corp. by 38.2% in the fourth quarter. Roosevelt Investment Group Inc. now owns 19,483 shares of the technology company’s stock worth $2,681,000 after buying an additional 5,384 shares during the period. Finally, Courier Capital Corp raised its stake in shares of International Business Machines Corp. by 0.7% in the fourth quarter. Courier Capital Corp now owns 19,874 shares of the technology company’s stock worth $2,735,000 after buying an additional 135 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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