Investors purchased shares of International Business Machines Corporation (NYSE:IBM) on weakness during trading on Friday. $123.99 million flowed into the stock on the tick-up and $75.97 million flowed out of the stock on the tick-down, for a money net flow of $48.02 million into the stock. Of all equities tracked, International Business Machines Corporation had the 19th highest net in-flow for the day. International Business Machines Corporation traded down ($0.13) for the day and closed at $145.13

IBM has been the topic of a number of recent analyst reports. Stifel Nicolaus restated a “buy” rating and issued a $182.00 price target on shares of International Business Machines Corporation in a report on Friday, July 21st. BidaskClub raised shares of International Business Machines Corporation from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 26th. Vetr raised shares of International Business Machines Corporation from a “sell” rating to a “hold” rating and set a $150.26 price objective for the company in a research report on Monday, July 3rd. ValuEngine lowered shares of International Business Machines Corporation from a “buy” rating to a “hold” rating in a research report on Friday, September 15th. Finally, Credit Suisse Group reaffirmed an “underperform” rating and issued a $110.00 price objective (down from $125.00) on shares of International Business Machines Corporation in a research report on Monday, July 17th. Seven investment analysts have rated the stock with a sell rating, eighteen have issued a hold rating and eight have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $157.12.

The company has a market cap of $135.25 billion, a PE ratio of 12.04 and a beta of 0.97. The stock’s 50 day moving average price is $143.19 and its 200-day moving average price is $155.58.

International Business Machines Corporation (NYSE:IBM) last released its quarterly earnings data on Tuesday, July 18th. The technology company reported $2.97 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.74 by $0.23. The firm had revenue of $19.29 billion during the quarter, compared to analysts’ expectations of $19.45 billion. International Business Machines Corporation had a return on equity of 71.53% and a net margin of 14.58%. International Business Machines Corporation’s revenue was down 4.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.95 earnings per share. Equities analysts expect that International Business Machines Corporation will post $13.76 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Saturday, September 9th. Shareholders of record on Thursday, August 10th were given a $1.50 dividend. This represents a $6.00 annualized dividend and a yield of 4.13%. The ex-dividend date of this dividend was Tuesday, August 8th. International Business Machines Corporation’s payout ratio is 49.88%.

A number of large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its position in International Business Machines Corporation by 3.7% in the second quarter. Vanguard Group Inc. now owns 62,228,040 shares of the technology company’s stock worth $9,572,538,000 after acquiring an additional 2,241,818 shares in the last quarter. BlackRock Inc. raised its position in International Business Machines Corporation by 2.4% in the second quarter. BlackRock Inc. now owns 52,936,360 shares of the technology company’s stock worth $8,143,204,000 after acquiring an additional 1,241,441 shares in the last quarter. State Street Corp raised its position in International Business Machines Corporation by 0.4% in the first quarter. State Street Corp now owns 51,198,962 shares of the technology company’s stock worth $8,915,788,000 after acquiring an additional 181,993 shares in the last quarter. Schwab Charles Investment Management Inc. raised its position in International Business Machines Corporation by 3.0% in the second quarter. Schwab Charles Investment Management Inc. now owns 4,651,213 shares of the technology company’s stock worth $715,497,000 after acquiring an additional 134,862 shares in the last quarter. Finally, Swiss National Bank raised its position in International Business Machines Corporation by 2.9% in the second quarter. Swiss National Bank now owns 3,534,977 shares of the technology company’s stock worth $543,786,000 after acquiring an additional 100,700 shares in the last quarter. Hedge funds and other institutional investors own 57.87% of the company’s stock.

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International Business Machines Corporation Company Profile

International Business Machines Corporation (IBM) is a technology company. The Company operates through five segments: Cognitive Solutions, Global Business Services (GBS), Technology Services & Cloud Platforms, Systems and Global Financing. The Cognitive Solutions segment delivers a spectrum of capabilities, from descriptive, predictive and prescriptive analytics to cognitive systems.

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