International Business Machines Corp. (NYSE:IBM) insider Kralingen Bridget A. Van sold 850 shares of the business’s stock in a transaction on Tuesday, November 8th. The shares were sold at an average price of $155.53, for a total transaction of $132,200.50. Following the sale, the insider now directly owns 5,984 shares of the company’s stock, valued at $930,691.52. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Shares of International Business Machines Corp. (NYSE:IBM) opened at 160.22 on Friday. International Business Machines Corp. has a 52 week low of $116.90 and a 52 week high of $165.00. The stock has a 50 day moving average of $154.48 and a 200-day moving average of $154.68. The firm has a market capitalization of $152.35 billion, a price-to-earnings ratio of 13.05 and a beta of 0.94.

International Business Machines Corp. (NYSE:IBM) last released its quarterly earnings data on Monday, October 17th. The technology company reported $3.29 earnings per share for the quarter, topping the consensus estimate of $3.24 by $0.05. International Business Machines Corp. had a net margin of 14.75% and a return on equity of 82.86%. The business had revenue of $19.23 billion for the quarter, compared to analyst estimates of $19 billion. During the same quarter last year, the firm earned $3.34 EPS. International Business Machines Corp.’s quarterly revenue was down .3% compared to the same quarter last year. Analysts expect that International Business Machines Corp. will post $13.50 earnings per share for the current year.

Insider Buying and Selling by Quarter for International Business Machines Corp. (NYSE:IBM)

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, December 10th. Investors of record on Thursday, November 10th will be paid a dividend of $1.40 per share. This represents a $5.60 annualized dividend and a yield of 3.50%. The ex-dividend date is Tuesday, November 8th. International Business Machines Corp.’s payout ratio is 45.64%.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in IBM. Roble Belko & Company Inc raised its position in shares of International Business Machines Corp. by 2.9% in the second quarter. Roble Belko & Company Inc now owns 674 shares of the technology company’s stock worth $102,000 after buying an additional 19 shares during the last quarter. Thomas J. Herzfeld Advisors Inc. bought a new position in shares of International Business Machines Corp. during the second quarter worth $105,000. Cypress Capital Management LLC WY bought a new position in shares of International Business Machines Corp. during the second quarter worth $107,000. Jackson Grant Investment Advisers Inc. raised its position in shares of International Business Machines Corp. by 0.7% in the second quarter. Jackson Grant Investment Advisers Inc. now owns 726 shares of the technology company’s stock worth $110,000 after buying an additional 5 shares during the last quarter. Finally, Americafirst Capital Management LLC bought a new position in shares of International Business Machines Corp. during the second quarter worth $120,000. 57.82% of the stock is currently owned by institutional investors and hedge funds.

Several research firms recently weighed in on IBM. Morgan Stanley restated a “buy” rating and set a $168.00 target price on shares of International Business Machines Corp. in a report on Sunday, July 17th. Cantor Fitzgerald restated a “hold” rating on shares of International Business Machines Corp. in a report on Sunday, July 17th. Barclays PLC restated a “sell” rating on shares of International Business Machines Corp. in a report on Sunday, July 17th. Bank of America Corp. upgraded shares of International Business Machines Corp. from a “neutral” rating to a “buy” rating and lifted their target price for the company from $170.00 to $185.00 in a report on Thursday. Finally, Drexel Hamilton restated a “buy” rating and set a $166.00 target price on shares of International Business Machines Corp. in a report on Friday, July 15th. Three analysts have rated the stock with a sell rating, sixteen have given a hold rating and eight have assigned a buy rating to the company. International Business Machines Corp. currently has a consensus rating of “Hold” and an average target price of $156.04.

About International Business Machines Corp.

International Business Machines Corporation (IBM) is a technology company. The Company operates through five segments: Global Technology Services (GTS), Global Business Services (GBS), Software, Systems Hardware and Global Financing. The Company’s GTS segment offers services, including strategic outsourcing, integrated technology services, cloud and technology support services (maintenance services).

5 Day Chart for NYSE:IBM

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