Investors purchased shares of International Business Machines Corporation (NYSE:IBM) on weakness during trading hours on Thursday. $173.67 million flowed into the stock on the tick-up and $92.10 million flowed out of the stock on the tick-down, for a money net flow of $81.57 million into the stock. Of all companies tracked, International Business Machines Corporation had the 5th highest net in-flow for the day. International Business Machines Corporation traded down ($0.92) for the day and closed at $142.90

IBM has been the topic of several research analyst reports. Sanford C. Bernstein restated a “neutral” rating and set a $150.00 target price on shares of International Business Machines Corporation in a report on Monday, May 15th. Vetr upgraded shares of International Business Machines Corporation from a “sell” rating to a “hold” rating and set a $147.97 target price on the stock in a report on Monday, May 15th. Pacific Crest initiated coverage on shares of International Business Machines Corporation in a report on Thursday, May 18th. They set an “equal weight” rating and a $151.35 target price on the stock. Jefferies Group LLC set a $135.00 target price on shares of International Business Machines Corporation and gave the stock a “sell” rating in a report on Friday, May 19th. Finally, Royal Bank Of Canada restated a “hold” rating and set a $180.00 target price on shares of International Business Machines Corporation in a report on Tuesday, May 23rd. Seven analysts have rated the stock with a sell rating, seventeen have issued a hold rating and eight have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $157.12.

The company has a market capitalization of $133.17 billion, a PE ratio of 11.86 and a beta of 0.97. The company has a 50-day moving average price of $143.55 and a 200-day moving average price of $157.93.

International Business Machines Corporation (NYSE:IBM) last announced 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. International Business Machines Corporation had a return on equity of 71.53% and a net margin of 14.58%. The firm had revenue of $19.29 billion during the quarter, compared to analyst estimates of $19.45 billion. During the same period last year, the firm posted $2.95 EPS. The business’s revenue was down 4.7% compared to the same quarter last year. Equities analysts predict that International Business Machines Corporation will post $13.77 EPS 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 given a dividend of $1.50 per share. This represents a $6.00 annualized dividend and a dividend yield of 4.20%. The ex-dividend date of this dividend is Tuesday, August 8th. International Business Machines Corporation’s dividend payout ratio is presently 49.88%.

Several institutional investors have recently made changes to their positions in IBM. Carlson Capital Management increased its position in shares of International Business Machines Corporation by 1.5% during the 1st quarter. Carlson Capital Management now owns 3,298 shares of the technology company’s stock valued at $574,000 after purchasing an additional 50 shares during the last quarter. Bremer Trust National Association increased its holdings in International Business Machines Corporation by 2.8% in the 1st quarter. Bremer Trust National Association now owns 4,030 shares of the technology company’s stock worth $701,000 after acquiring an additional 108 shares during the last quarter. TNB Financial purchased a new stake in International Business Machines Corporation in the 1st quarter worth about $1,323,000. ELM Advisors LLC increased its holdings in International Business Machines Corporation by 2.6% in the 1st quarter. ELM Advisors LLC now owns 6,917 shares of the technology company’s stock worth $1,205,000 after acquiring an additional 175 shares during the last quarter. Finally, Private Trust Co. NA increased its holdings in International Business Machines Corporation by 13.5% in the 1st quarter. Private Trust Co. NA now owns 16,103 shares of the technology company’s stock worth $2,804,000 after acquiring an additional 1,910 shares during the last quarter. 57.94% of the stock is owned by hedge funds and other institutional investors.

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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.

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