Investors bought shares of International Business Machines Corp. (NYSE:IBM) on weakness during trading hours on Thursday following insider selling activity. $127.90 million flowed into the stock on the tick-up and $73.17 million flowed out of the stock on the tick-down, for a money net flow of $54.73 million into the stock. Of all equities tracked, International Business Machines Corp. had the 9th highest net in-flow for the day. International Business Machines Corp. traded down ($0.69) for the day and closed at $161.98Specifically, insider Kralingen Bridget A. Van sold 330 shares of the firm’s stock in a transaction dated Thursday, October 20th. The stock was sold at an average price of $152.05, for a total transaction of $50,176.50. Following the sale, the insider now owns 6,977 shares in the company, valued at $1,060,852.85. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Robert J. Picciano sold 1,922 shares of the firm’s stock in a transaction dated Wednesday, August 31st. The shares were sold at an average price of $159.16, for a total value of $305,905.52. Following the sale, the insider now owns 35,861 shares in the company, valued at approximately $5,707,636.76. The disclosure for this sale can be found here. 0.08% of the stock is owned by corporate insiders.

IBM has been the topic of a number of research reports. Drexel Hamilton restated a “buy” rating and set a $186.00 price target on shares of International Business Machines Corp. in a research report on Monday, August 15th. Vetr raised International Business Machines Corp. from a “hold” rating to a “buy” rating and set a $162.03 price objective on the stock in a research note on Wednesday, September 14th. Bank of America Corp. raised International Business Machines Corp. from a “neutral” rating to a “buy” rating and raised their price objective for the company from $170.00 to $185.00 in a research note on Thursday, November 10th. Zacks Investment Research raised International Business Machines Corp. from a “sell” rating to a “hold” rating in a research note on Monday, September 26th. Finally, Cantor Fitzgerald reaffirmed a “hold” rating and set a $162.00 price objective on shares of International Business Machines Corp. in a research note on Monday, September 12th. Three equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and eight have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $156.04.

The firm’s 50 day moving average price is $155.55 and its 200 day moving average price is $155.73. The company has a market capitalization of $155.12 billion, a price-to-earnings ratio of 13.29 and a beta of 0.94.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, December 10th. Stockholders of record on Thursday, November 10th will be paid a dividend of $1.40 per share. The ex-dividend date is Tuesday, November 8th. This represents a $5.60 dividend on an annualized basis and a dividend yield of 3.43%. International Business Machines Corp.’s dividend payout ratio is presently 45.64%.

Several institutional investors have recently added to or reduced their stakes in the stock. Boothbay Fund Management LLC acquired a new position in International Business Machines Corp. during the first quarter worth about $254,000. Fulton Bank N.A. increased its position in International Business Machines Corp. by 1.3% in the second quarter. Fulton Bank N.A. now owns 19,894 shares of the technology company’s stock worth $3,020,000 after buying an additional 247 shares in the last quarter. Kistler Tiffany Companies LLC increased its position in International Business Machines Corp. by 12.0% in the second quarter. Kistler Tiffany Companies LLC now owns 5,079 shares of the technology company’s stock worth $771,000 after buying an additional 545 shares in the last quarter. Marshwinds Advisory Co. increased its position in International Business Machines Corp. by 0.3% in the second quarter. Marshwinds Advisory Co. now owns 25,461 shares of the technology company’s stock worth $3,864,000 after buying an additional 75 shares in the last quarter. Finally, Integrated Investment Consultants LLC increased its position in International Business Machines Corp. by 19.5% in the second quarter. Integrated Investment Consultants LLC now owns 3,216 shares of the technology company’s stock worth $488,000 after buying an additional 525 shares in the last quarter. Hedge funds and other institutional investors own 58.49% of the company’s stock.

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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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