Investors purchased shares of International Business Machines Corporation (NYSE:IBM) on weakness during trading 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

Several research firms recently commented on IBM. Stifel Nicolaus reduced their price objective on International Business Machines Corporation from $192.00 to $182.00 and set a “buy” rating for the company in a report on Wednesday, May 24th. Vetr upgraded International Business Machines Corporation from a “hold” rating to a “buy” rating and set a $159.56 price target for the company in a research note on Monday, July 10th. Drexel Hamilton restated a “buy” rating and set a $200.00 price target on shares of International Business Machines Corporation in a research note on Tuesday, July 18th. Standpoint Research raised International Business Machines Corporation from a “hold” rating to a “buy” rating in a research report on Wednesday, July 19th. Finally, Argus reaffirmed a “buy” rating and set a $175.00 price objective (down from $192.00) on shares of International Business Machines Corporation in a research report on Friday, July 21st. Seven equities research 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. International Business Machines Corporation presently has an average rating of “Hold” and a consensus target price of $157.12.

The company has a market capitalization of $132.75 billion, a PE ratio of 11.82 and a beta of 0.97. The company’s 50 day moving average is $143.27 and its 200-day moving average is $157.71.

International Business Machines Corporation (NYSE:IBM) last released its quarterly earnings results on Tuesday, July 18th. The technology company reported $2.97 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.74 by $0.23. The company had revenue of $19.29 billion for 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 for the quarter was down 4.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.95 earnings per share. On average, analysts predict that International Business Machines Corporation will post $13.77 earnings per share for the current year.

The firm 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 $1.50 dividend. The ex-dividend date of this dividend is Tuesday, August 8th. This represents a $6.00 annualized dividend and a yield of 4.21%. International Business Machines Corporation’s dividend payout ratio (DPR) is 49.88%.

A number of institutional investors have recently bought and sold shares of the business. Pinnacle Bank purchased a new position in International Business Machines Corporation during the 1st quarter worth approximately $1,416,000. SeaBridge Investment Advisors LLC boosted its stake in shares of International Business Machines Corporation by 18.9% during the 2nd quarter. SeaBridge Investment Advisors LLC now owns 76,818 shares of the technology company’s stock valued at $11,817,000 after buying an additional 12,236 shares during the period. SOL Capital Management CO boosted its stake in shares of International Business Machines Corporation by 0.6% during the 2nd quarter. SOL Capital Management CO now owns 7,588 shares of the technology company’s stock valued at $1,167,000 after buying an additional 45 shares during the period. Intellectus Partners LLC boosted its stake in shares of International Business Machines Corporation by 9.8% during the 1st quarter. Intellectus Partners LLC now owns 16,817 shares of the technology company’s stock valued at $2,929,000 after buying an additional 1,496 shares during the period. Finally, CKW Financial Group boosted its stake in shares of International Business Machines Corporation by 14.8% during the 1st quarter. CKW Financial Group now owns 938 shares of the technology company’s stock valued at $163,000 after buying an additional 121 shares during the period. Hedge funds and other institutional investors own 57.94% 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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