Investors purchased shares of International Business Machines Corporation (NYSE:IBM) on weakness during trading on Thursday. $142.95 million flowed into the stock on the tick-up and $69.62 million flowed out of the stock on the tick-down, for a money net flow of $73.33 million into the stock. Of all equities tracked, International Business Machines Corporation had the 11th highest net in-flow for the day. International Business Machines Corporation traded down ($0.18) for the day and closed at $151.77

IBM has been the subject of several research analyst reports. Vetr raised shares of International Business Machines Corporation from a “hold” rating to a “buy” rating and set a $150.68 price target for the company in a research report on Monday, July 31st. Wedbush initiated coverage on shares of International Business Machines Corporation in a research report on Thursday, August 3rd. They set a “neutral” rating and a $155.00 price target for the company. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $150.00 price target on shares of International Business Machines Corporation in a research report on Wednesday, August 9th. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $160.00 price target on shares of International Business Machines Corporation in a research report on Friday, August 18th. Finally, Morgan Stanley reissued an “overweight” rating and issued a $192.00 price objective on shares of International Business Machines Corporation in a research report on Wednesday, August 23rd. Eight investment analysts have rated the stock with a sell rating, eighteen have issued a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. International Business Machines Corporation has an average rating of “Hold” and a consensus target price of $158.93.

The stock has a market capitalization of $140,674.00, a price-to-earnings ratio of 11.12, a price-to-earnings-growth ratio of 2.22 and a beta of 0.94. The company has a current ratio of 1.41, a quick ratio of 1.36 and a debt-to-equity ratio of 2.09.

International Business Machines Corporation (NYSE:IBM) last released its quarterly earnings results on Tuesday, October 17th. The technology company reported $3.30 earnings per share for the quarter, beating the Zacks’ consensus estimate of $3.28 by $0.02. The business had revenue of $19.15 billion during the quarter, compared to analyst estimates of $18.63 billion. International Business Machines Corporation had a net margin of 14.43% and a return on equity of 68.68%. The business’s revenue was down .4% on a year-over-year basis. During the same period last year, the business earned $3.29 EPS. sell-side analysts predict that International Business Machines Corporation will post 13.8 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Saturday, December 9th. Investors of record on Friday, November 10th will be issued a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a yield of 3.95%. The ex-dividend date of this dividend is Thursday, November 9th. International Business Machines Corporation’s payout ratio is 50.13%.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Herndon Capital Management LLC boosted its stake in International Business Machines Corporation by 39.0% during the 2nd quarter. Herndon Capital Management LLC now owns 695 shares of the technology company’s stock valued at $107,000 after acquiring an additional 195 shares during the last quarter. Edge Wealth Management LLC boosted its stake in International Business Machines Corporation by 5.6% during the 2nd quarter. Edge Wealth Management LLC now owns 760 shares of the technology company’s stock valued at $117,000 after acquiring an additional 40 shares during the last quarter. ETF Managers Group LLC bought a new position in International Business Machines Corporation during the 2nd quarter valued at $121,000. Peddock Capital Advisors LLC boosted its stake in International Business Machines Corporation by 7.3% during the 2nd quarter. Peddock Capital Advisors LLC now owns 912 shares of the technology company’s stock valued at $140,000 after acquiring an additional 62 shares during the last quarter. Finally, Horan Capital Advisors LLC. bought a new position in International Business Machines Corporation during the 3rd quarter valued at $136,000. 58.43% of the stock is owned by institutional investors and hedge funds.

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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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