International Business Machines Corp. (NYSE:IBM) insider Kralingen Bridget A. Van sold 2,107 shares of International Business Machines Corp. stock in a transaction on Tuesday, November 22nd. The stock was sold at an average price of $162.44, for a total transaction of $342,261.08. Following the completion of the transaction, the insider now owns 4,147 shares in the company, valued at approximately $673,638.68. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

International Business Machines Corp. (NYSE:IBM) opened at 161.98 on Friday. The firm has a market cap of $154.02 billion, a PE ratio of 13.20 and a beta of 0.94. The company’s 50-day moving average is $155.42 and its 200-day moving average is $155.62. International Business Machines Corp. has a one year low of $116.90 and a one year high of $165.00.

International Business Machines Corp. (NYSE:IBM) last posted its quarterly earnings results on Monday, October 17th. The technology company reported $3.29 earnings per share for the quarter, beating analysts’ consensus estimates 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 company had revenue of $19.23 billion for the quarter, compared to the consensus estimate of $19 billion. During the same period last year, the company posted $3.34 EPS. The firm’s quarterly revenue was down .3% compared to the same quarter last year. On average, analysts forecast that International Business Machines Corp. will post $13.50 earnings per share for the current fiscal year.

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

The business also recently declared a quarterly dividend, which will be paid on Saturday, December 10th. Stockholders of record on Thursday, November 10th will be paid a $1.40 dividend. The ex-dividend date of this dividend is Tuesday, November 8th. This represents a $5.60 dividend on an annualized basis and a dividend yield of 3.46%. International Business Machines Corp.’s payout ratio is currently 45.64%.

Several large investors have recently bought and sold shares of the stock. Roble Belko & Company Inc increased its stake in 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 stake in International Business Machines Corp. during the second quarter worth $105,000. Cypress Capital Management LLC WY bought a new stake in International Business Machines Corp. during the second quarter worth $107,000. Kernodle & Katon Asset Management Group LLC increased its stake in International Business Machines Corp. by 5.2% in the third quarter. Kernodle & Katon Asset Management Group LLC now owns 687 shares of the technology company’s stock worth $109,000 after buying an additional 34 shares during the last quarter. Finally, Jackson Grant Investment Advisers Inc. increased its stake in 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. Institutional investors own 58.49% of the company’s stock.

Several brokerages recently commented on IBM. Cantor Fitzgerald reiterated a “hold” rating on shares of International Business Machines Corp. in a report on Monday, August 8th. Drexel Hamilton restated a “buy” rating and issued a $186.00 price target on shares of International Business Machines Corp. in a research report on Monday, August 15th. Oppenheimer Holdings Inc. began coverage on shares of International Business Machines Corp. in a research report on Monday, August 15th. They issued a “market perform” rating on the stock. Vetr lowered shares of International Business Machines Corp. from a “hold” rating to a “sell” rating and set a $155.84 price target on the stock. in a research report on Wednesday, September 7th. Finally, Bank of America Corp. set a $185.00 price target on shares of International Business Machines Corp. and gave the stock a “buy” rating in a research report on Monday. Three research analysts have rated the stock with a sell rating, sixteen have given a hold rating and eight have given a buy rating to the company’s stock. International Business Machines Corp. has a consensus rating of “Hold” and an average price target of $156.04.

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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).

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