International Business Machines Corp. (NYSE:IBM) insider Jon C. Iwata sold 19,866 shares of the business’s stock in a transaction that occurred on Tuesday, November 15th. The shares were sold at an average price of $158.63, for a total value of $3,151,343.58. Following the completion of the sale, the insider now directly owns 54,719 shares of the company’s stock, valued at approximately $8,680,074.97. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

International Business Machines Corp. (NYSE:IBM) traded down 0.023% during trading on Thursday, reaching $159.254. The company’s stock had a trading volume of 740,406 shares. The firm has a 50 day moving average price of $154.92 and a 200-day moving average price of $155.05. International Business Machines Corp. has a 52-week low of $116.90 and a 52-week high of $165.00. The stock has a market cap of $151.43 billion, a price-to-earnings ratio of 12.976 and a beta of 0.94.

International Business Machines Corp. (NYSE:IBM) last announced its quarterly earnings data on Monday, October 17th. The technology company reported $3.29 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $3.24 by $0.05. The firm earned $19.23 billion during the quarter, compared to analysts’ expectations of $19 billion. International Business Machines Corp. had a return on equity of 82.86% and a net margin of 14.75%. The company’s quarterly revenue was down .3% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.34 EPS. On average, 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 business also recently disclosed a quarterly dividend, which will be paid on Saturday, December 10th. Shareholders of record on Thursday, November 10th will be issued a $1.40 dividend. The ex-dividend date is Tuesday, November 8th. This represents a $5.60 annualized dividend and a yield of 3.52%. International Business Machines Corp.’s dividend payout ratio is presently 45.64%.

A number of institutional investors have recently made changes to their positions in IBM. Quadrant Capital Group LLC raised its position in shares of International Business Machines Corp. by 1.4% in the third quarter. Quadrant Capital Group LLC now owns 3,523 shares of the technology company’s stock valued at $549,000 after buying an additional 47 shares during the last quarter. Pillar Pacific Capital Management LLC raised its position in shares of International Business Machines Corp. by 1.1% in the second quarter. Pillar Pacific Capital Management LLC now owns 36,890 shares of the technology company’s stock valued at $5,599,000 after buying an additional 414 shares during the last quarter. HL Financial Services LLC raised its position in shares of International Business Machines Corp. by 1.1% in the second quarter. HL Financial Services LLC now owns 406,336 shares of the technology company’s stock valued at $61,674,000 after buying an additional 4,564 shares during the last quarter. CIBC World Markets Inc. raised its position in shares of International Business Machines Corp. by 4.4% in the second quarter. CIBC World Markets Inc. now owns 82,236 shares of the technology company’s stock valued at $12,482,000 after buying an additional 3,481 shares during the last quarter. Finally, Klingenstein Fields & Co. LLC raised its position in shares of International Business Machines Corp. by 2.5% in the second quarter. Klingenstein Fields & Co. LLC now owns 40,765 shares of the technology company’s stock valued at $6,187,000 after buying an additional 993 shares during the last quarter. 58.19% of the stock is owned by hedge funds and other institutional investors.

IBM has been the subject of several recent research reports. Vetr raised International Business Machines Corp. from a “sell” rating to a “hold” rating and set a $156.55 price target for the company in a research note on Monday, August 29th. Cantor Fitzgerald restated a “hold” rating and issued a $162.00 target price on shares of International Business Machines Corp. in a report on Monday, September 12th. Drexel Hamilton restated a “buy” rating and issued a $186.00 target price on shares of International Business Machines Corp. in a report on Tuesday, October 18th. Societe Generale upgraded International Business Machines Corp. from a “sell” rating to a “hold” rating in a report on Monday, September 26th. Finally, Morgan Stanley reduced their target price on International Business Machines Corp. from $182.00 to $179.00 and set an “overweight” rating for the company in a report on Tuesday, October 18th. Three equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and eight have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $156.04.

International Business Machines Corp. Company Profile

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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