Investors sold shares of International Business Machines Corp. (NYSE:IBM) on strength during trading hours on Monday. $55.85 million flowed into the stock on the tick-up and $107.15 million flowed out of the stock on the tick-down, for a money net flow of $51.30 million out of the stock. Of all stocks tracked, International Business Machines Corp. had the 9th highest net out-flow for the day. International Business Machines Corp. traded up $0.01 for the day and closed at $159.55

IBM has been the subject of a number of recent analyst reports. Vetr raised shares of International Business Machines Corp. from a “hold” rating to a “buy” rating and set a $153.81 price target for the company in a report on Monday, June 27th. JMP Securities reaffirmed a “buy” rating and set a $157.00 price target on shares of International Business Machines Corp. in a report on Thursday, June 23rd. Morgan Stanley reaffirmed a “buy” rating and set a $168.00 price target on shares of International Business Machines Corp. in a report on Tuesday, May 17th. Drexel Hamilton reaffirmed a “buy” rating and set a $166.00 price target on shares of International Business Machines Corp. in a report on Friday, July 15th. Finally, Zacks Investment Research raised shares of International Business Machines Corp. from a “hold” rating to a “buy” rating and set a $179.00 price target for the company in a report on Monday, July 18th. Four analysts have rated the stock with a sell rating, sixteen have issued a hold rating and eight have assigned a buy rating to the company. International Business Machines Corp. currently has an average rating of “Hold” and an average price target of $151.96.

The company’s 50-day moving average price is $160.79 and its 200 day moving average price is $150.62. The company has a market cap of $152.50 billion and a PE ratio of 12.97.

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 (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.89 by $0.06. The company had revenue of $20.20 billion for the quarter, compared to analyst estimates of $20.03 billion. During the same quarter last year, the company earned $3.84 EPS. The firm’s quarterly revenue was down 2.8% on a year-over-year basis. On average, analysts anticipate that International Business Machines Corp. will post $13.51 EPS for the current fiscal year.

The business also recently declared 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 yield of 3.51%.

In other International Business Machines Corp. news, insider Robert J. Leblanc sold 15,708 shares of the company’s stock in a transaction dated Tuesday, August 9th. The shares were sold at an average price of $162.25, for a total transaction of $2,548,623.00. Following the transaction, 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 company’s stock in a transaction dated 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 transaction, 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 hedge funds and institutional investors have added to or reduced their stakes in IBM. Wilkins Investment Counsel Inc. increased its position in 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 last quarter. Roosevelt Investment Group Inc. increased its position in 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 last quarter. Courier Capital Corp increased its position in 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 last quarter. Victory Capital Management Inc. increased its position in International Business Machines Corp. by 104.7% in the fourth quarter. Victory Capital Management Inc. now owns 28,596 shares of the technology company’s stock worth $3,935,000 after buying an additional 14,624 shares during the last quarter. Finally, R.M.SINCERBEAUX Capital Management LLC increased its position in International Business Machines Corp. by 4.0% in the fourth quarter. R.M.SINCERBEAUX Capital Management LLC now owns 31,445 shares of the technology company’s stock worth $4,327,000 after buying an additional 1,200 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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