Investors sold shares of International Business Machines Corporation (NYSE:IBM) on strength during trading hours on Friday. $91.93 million flowed into the stock on the tick-up and $132.66 million flowed out of the stock on the tick-down, for a money net flow of $40.73 million out of the stock. Of all equities tracked, International Business Machines Corporation had the 0th highest net out-flow for the day. International Business Machines Corporation traded up $1.05 for the day and closed at $144.08

A number of equities analysts recently issued reports on the stock. BidaskClub upgraded shares of International Business Machines Corporation from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 26th. Vetr raised International Business Machines Corporation from a “hold” rating to a “buy” rating and set a $150.93 target price for the company in a research report on Thursday, August 24th. Morgan Stanley reissued an “overweight” rating and issued a $192.00 target price on shares of International Business Machines Corporation in a research report on Wednesday, August 23rd. Royal Bank Of Canada reissued a “sector perform” rating and issued a $160.00 target price on shares of International Business Machines Corporation in a research report on Friday, August 18th. Finally, Sanford C. Bernstein reissued a “market perform” rating and issued a $150.00 target price on shares of International Business Machines Corporation in a research report on Wednesday, August 9th. Seven research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and eight have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $157.41.

The firm has a market capitalization of $134.27 billion, a price-to-earnings ratio of 11.96 and a beta of 0.97. The firm has a 50-day moving average of $144.41 and a 200-day moving average of $158.80.

International Business Machines Corporation (NYSE:IBM) last posted its quarterly earnings data on Tuesday, July 18th. The technology company reported $2.97 EPS for the quarter, beating the Zacks’ consensus estimate of $2.74 by $0.23. The business had revenue of $19.29 billion during the quarter, compared to analysts’ expectations of $19.45 billion. International Business Machines Corporation had a return on equity of 71.53% and a net margin of 14.58%. The business’s revenue was down 4.7% compared to the same quarter last year. During the same period in the previous year, the business earned $2.95 earnings per share. Analysts anticipate that International Business Machines Corporation will post $13.77 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, September 9th. Stockholders of record on Thursday, August 10th will be given a $1.50 dividend. This represents a $6.00 dividend on an annualized basis and a dividend yield of 4.16%. The ex-dividend date is Tuesday, August 8th. International Business Machines Corporation’s dividend payout ratio (DPR) is presently 49.88%.

Several hedge funds have recently bought and sold shares of IBM. Herndon Capital Management LLC boosted its stake in 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 worth $107,000 after buying an additional 195 shares during the period. Edge Wealth Management LLC boosted its stake in 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 worth $117,000 after buying an additional 40 shares during the period. ETF Managers Group LLC acquired a new stake in International Business Machines Corporation during the second quarter worth approximately $121,000. Peddock Capital Advisors LLC boosted its stake in 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 worth $140,000 after buying an additional 62 shares during the period. Finally, Horan Securities Inc. boosted its stake in International Business Machines Corporation by 845.5% in the second quarter. Horan Securities Inc. now owns 936 shares of the technology company’s stock worth $144,000 after buying an additional 837 shares during the period. Institutional investors and hedge funds own 57.91% of the company’s stock.

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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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