Traders purchased shares of IBM (NYSE:IBM) on weakness during trading on Friday. $314.50 million flowed into the stock on the tick-up and $206.33 million flowed out of the stock on the tick-down, for a money net flow of $108.17 million into the stock. Of all equities tracked, IBM had the 12th highest net in-flow for the day. IBM traded down ($1.66) for the day and closed at $124.79

Several equities analysts recently weighed in on IBM shares. Zacks Investment Research raised IBM from a “sell” rating to a “hold” rating in a research report on Thursday, October 18th. UBS Group set a $180.00 price objective on IBM and gave the stock a “buy” rating in a research report on Wednesday, October 10th. Deutsche Bank cut their price objective on IBM to $150.00 and set a “hold” rating for the company in a research report on Thursday, July 19th. Wedbush cut their price objective on IBM from $185.00 to $165.00 and set a “neutral” rating for the company in a research report on Thursday, October 18th. Finally, Morgan Stanley cut their price objective on IBM from $198.00 to $185.00 and set a “$149.24” rating for the company in a research report on Thursday, July 19th. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating and ten have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $167.39.

The company has a market cap of $113.90 billion, a price-to-earnings ratio of 9.04, a P/E/G ratio of 1.82 and a beta of 0.87. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.31 and a quick ratio of 1.26.

IBM (NYSE:IBM) last released its quarterly earnings data on Tuesday, October 16th. The technology company reported $3.42 earnings per share for the quarter, beating the consensus estimate of $3.40 by $0.02. IBM had a return on equity of 69.98% and a net margin of 7.12%. The company had revenue of $18.76 billion for the quarter, compared to analyst estimates of $19.04 billion. During the same period in the prior year, the company posted $3.30 EPS. The company’s revenue was down 2.1% compared to the same quarter last year. On average, equities analysts expect that IBM will post 13.81 EPS for the current year.

In other news, insider Diane J. Gherson sold 11,451 shares of the company’s stock in a transaction that occurred on Friday, August 3rd. The stock was sold at an average price of $145.42, for a total value of $1,665,204.42. Following the sale, the insider now directly owns 19,114 shares in the company, valued at approximately $2,779,557.88. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.17% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. ST Germain D J Co. Inc. grew its position in IBM by 54.2% during the 3rd quarter. ST Germain D J Co. Inc. now owns 5,108 shares of the technology company’s stock worth $772,000 after acquiring an additional 1,795 shares during the last quarter. Crossvault Capital Management LLC grew its position in IBM by 12.4% during the 3rd quarter. Crossvault Capital Management LLC now owns 7,700 shares of the technology company’s stock worth $1,164,000 after acquiring an additional 850 shares during the last quarter. AMG National Trust Bank grew its position in IBM by 4.0% during the 3rd quarter. AMG National Trust Bank now owns 15,673 shares of the technology company’s stock worth $2,370,000 after acquiring an additional 600 shares during the last quarter. Orca Investment Management LLC grew its position in IBM by 4.2% during the 3rd quarter. Orca Investment Management LLC now owns 17,647 shares of the technology company’s stock worth $2,668,000 after acquiring an additional 713 shares during the last quarter. Finally, Coastline Trust Co grew its position in IBM by 14.7% during the 2nd quarter. Coastline Trust Co now owns 19,353 shares of the technology company’s stock worth $2,704,000 after acquiring an additional 2,475 shares during the last quarter. Institutional investors and hedge funds own 55.53% of the company’s stock.

About IBM (NYSE:IBM)

International Business Machines Corporation operates as an integrated technology and services company worldwide. Its Cognitive Solutions segment offers Watson, a cognitive computing platform that interacts in natural language, processes big data, and learns from interactions with people and computers.

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