Investors purchased shares of International Business Machines Corporation (NYSE:IBM) on weakness during trading on Wednesday. $115.83 million flowed into the stock on the tick-up and $79.30 million flowed out of the stock on the tick-down, for a money net flow of $36.53 million into the stock. Of all stocks tracked, International Business Machines Corporation had the 15th highest net in-flow for the day. International Business Machines Corporation traded down ($0.34) for the day and closed at $141.77

Several equities research analysts recently issued reports on IBM shares. Bank of America Corporation reaffirmed a “buy” rating and set a $180.00 price target (down previously from $185.00) on shares of International Business Machines Corporation in a research note on Wednesday, April 19th. Stifel Nicolaus reaffirmed a “buy” rating and set a $192.00 price target on shares of International Business Machines Corporation in a research note on Wednesday, April 19th. Drexel Hamilton reaffirmed a “buy” rating and set a $200.00 price target (down previously from $215.00) on shares of International Business Machines Corporation in a research note on Saturday, April 22nd. Vetr raised shares of International Business Machines Corporation from a “hold” rating to a “buy” rating and set a $159.56 price target on the stock in a research note on Monday, July 10th. Finally, Standpoint Research raised shares of International Business Machines Corporation from a “hold” rating to a “buy” rating in a research note on Wednesday, July 19th. Seven analysts have rated the stock with a sell rating, eighteen have given a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $157.40.

The firm has a 50 day moving average price of $150.98 and a 200 day moving average price of $163.44. The company has a market capitalization of $132.12 billion, a P/E ratio of 11.77 and a beta of 0.97.

International Business Machines Corporation (NYSE:IBM) last issued its earnings results on Tuesday, July 18th. The technology company reported $2.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.74 by $0.23. The company had revenue of $19.29 billion for the quarter, compared to analyst estimates of $19.45 billion. International Business Machines Corporation had a net margin of 14.58% and a return on equity of 71.53%. The company’s revenue for the quarter was down 4.7% on a year-over-year basis. During the same quarter last year, the firm earned $2.95 EPS. On average, equities research analysts anticipate that International Business Machines Corporation will post $13.74 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Saturday, September 9th. Stockholders of record on Thursday, August 10th will be paid a $1.50 dividend. This represents a $6.00 annualized dividend and a dividend yield of 4.23%. The ex-dividend date is Tuesday, August 8th. International Business Machines Corporation’s dividend payout ratio (DPR) is presently 49.88%.

In other International Business Machines Corporation news, Director James W. Owens bought 1,718 shares of International Business Machines Corporation stock in a transaction dated Tuesday, May 16th. The shares were bought at an average price of $153.19 per share, with a total value of $263,180.42. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.23% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Herndon Capital Management LLC raised its position in shares of International Business Machines Corporation by 39.0% in the second quarter. Herndon Capital Management LLC now owns 695 shares of the technology company’s stock valued at $107,000 after buying an additional 195 shares during the period. Thomas J. Herzfeld Advisors Inc. acquired a new position in shares of International Business Machines Corporation during the fourth quarter valued at about $117,000. Edge Wealth Management LLC raised its position in shares of International Business Machines Corporation by 5.6% in the second quarter. Edge Wealth Management LLC now owns 760 shares of the technology company’s stock valued at $117,000 after buying an additional 40 shares during the period. Jackson Grant Investment Advisers Inc. raised its position in shares of International Business Machines Corporation by 0.8% in the fourth quarter. Jackson Grant Investment Advisers Inc. now owns 737 shares of the technology company’s stock valued at $122,000 after buying an additional 6 shares during the period. Finally, Peddock Capital Advisors LLC raised its position in shares of International Business Machines Corporation by 7.3% in the second quarter. Peddock Capital Advisors LLC now owns 912 shares of the technology company’s stock valued at $140,000 after buying an additional 62 shares during the period. 58.73% of the stock is currently owned by institutional investors.

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About International Business Machines Corporation

International Business Machines Corporation (IBM) is a technology company. The Company operates through five segments: Cognitive Solutions, Global Business Services (GBS), Technology Services & Cloud Platforms, Systems and Global Financing. The Cognitive Solutions segment delivers a spectrum of capabilities, from descriptive, predictive and prescriptive analytics to cognitive systems.

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