Investors bought shares of International Business Machines Corporation (NYSE:IBM) on weakness during trading on Tuesday. $89.43 million flowed into the stock on the tick-up and $72.10 million flowed out of the stock on the tick-down, for a money net flow of $17.33 million into the stock. Of all stocks tracked, International Business Machines Corporation had the 41st highest net in-flow for the day. International Business Machines Corporation traded down ($1.03) for the day and closed at $143.05

A number of research firms have recently weighed in on IBM. Pacific Crest began coverage on shares of International Business Machines Corporation in a research report on Thursday, May 18th. They set an “equal weight” rating and a $151.35 target price for the company. BidaskClub raised shares of International Business Machines Corporation from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 26th. Stifel Nicolaus reissued a “buy” rating and set a $182.00 target price on shares of International Business Machines Corporation in a research report on Friday, July 21st. Royal Bank Of Canada reissued a “sector perform” rating and set a $160.00 target price (down from $165.00) on shares of International Business Machines Corporation in a research report on Saturday, July 22nd. Finally, Vetr raised shares of International Business Machines Corporation from a “sell” rating to a “hold” rating and set a $147.97 target price for the company in a research report on Monday, May 15th. Seven equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and eight have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $157.12.

The stock has a 50-day moving average of $143.84 and a 200 day moving average of $158.03. The stock has a market capitalization of $133.30 billion, a price-to-earnings ratio of 11.87 and a beta of 0.97.

International Business Machines Corporation (NYSE:IBM) last released its quarterly earnings results on Tuesday, July 18th. The technology company reported $2.97 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.74 by $0.23. The business had revenue of $19.29 billion during 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 quarterly revenue was down 4.7% on a year-over-year basis. During the same period in the prior year, the firm posted $2.95 earnings per share. Equities analysts predict that International Business Machines Corporation will post $13.77 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Saturday, September 9th. Shareholders of record on Thursday, August 10th will be given a dividend of $1.50 per share. This represents a $6.00 annualized dividend and a dividend yield of 4.19%. The ex-dividend date is Tuesday, August 8th. International Business Machines Corporation’s payout ratio is 49.88%.

Hedge funds have recently added to or reduced their stakes in the business. Herndon Capital Management LLC raised its position in shares of International Business Machines Corporation by 39.0% in the 2nd quarter. Herndon Capital Management LLC now owns 695 shares of the technology company’s stock valued at $107,000 after purchasing an additional 195 shares during the last quarter. Edge Wealth Management LLC raised its position in shares of International Business Machines Corporation by 5.6% in the 2nd quarter. Edge Wealth Management LLC now owns 760 shares of the technology company’s stock valued at $117,000 after purchasing an additional 40 shares during the last quarter. ETF Managers Group LLC purchased a new position in shares of International Business Machines Corporation in the 2nd quarter valued at approximately $121,000. Peddock Capital Advisors LLC raised its position in shares of International Business Machines Corporation by 7.3% in the 2nd quarter. Peddock Capital Advisors LLC now owns 912 shares of the technology company’s stock valued at $140,000 after purchasing an additional 62 shares during the last quarter. Finally, Horan Securities Inc. raised its position in shares of International Business Machines Corporation by 845.5% in the 2nd quarter. Horan Securities Inc. now owns 936 shares of the technology company’s stock valued at $144,000 after purchasing an additional 837 shares during the last quarter. 57.94% of the stock is owned by institutional investors and hedge funds.

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International Business Machines Corporation Company Profile

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.