Investors sold shares of International Business Machines Corporation (NYSE:IBM) on strength during trading hours on Thursday. $357.53 million flowed into the stock on the tick-up and $387.57 million flowed out of the stock on the tick-down, for a money net flow of $30.04 million out of the stock. Of all stocks tracked, International Business Machines Corporation had the 23rd highest net out-flow for the day. International Business Machines Corporation traded up $1.37 for the day and closed at $160.90

Several equities analysts have commented on IBM shares. Cleveland Research started coverage on shares of International Business Machines Corporation in a research report on Thursday, June 22nd. They issued a “neutral” rating for the company. Vetr cut shares of International Business Machines Corporation from a “hold” rating to a “sell” rating and set a $150.26 price target for the company. in a research report on Monday, June 26th. Royal Bank Of Canada reissued a “hold” rating and issued a $165.00 price target on shares of International Business Machines Corporation in a research report on Wednesday, July 12th. Jefferies Group LLC reissued an “underperform” rating and issued a $125.00 price target (down previously from $135.00) on shares of International Business Machines Corporation in a research report on Wednesday, July 12th. Finally, Guggenheim reissued a “hold” rating on shares of International Business Machines Corporation in a research report on Friday, July 14th. Eight research analysts have rated the stock with a sell rating, eighteen have given a hold rating and eight have given a buy rating to the stock. International Business Machines Corporation presently has a consensus rating of “Hold” and an average target price of $157.90.

The stock has a market cap of $149.95 billion, a price-to-earnings ratio of 13.35 and a beta of 0.95. The stock has a 50-day moving average price of $145.90 and a 200 day moving average price of $151.36.

International Business Machines Corporation (NYSE:IBM) last released its quarterly earnings data on Tuesday, October 17th. The technology company reported $3.30 earnings per share for the quarter, topping the Zacks’ consensus estimate of $3.28 by $0.02. International Business Machines Corporation had a net margin of 14.43% and a return on equity of 69.89%. The business had revenue of $19.15 billion for the quarter, compared to analysts’ expectations of $18.63 billion. During the same quarter last year, the company earned $3.29 EPS. The company’s revenue for the quarter was down .4% compared to the same quarter last year. Equities research analysts predict that International Business Machines Corporation will post $13.80 EPS for the current year.

Several hedge funds have recently added to or reduced their stakes in the stock. CKW Financial Group increased its holdings in shares of International Business Machines Corporation by 0.3% in the 2nd quarter. CKW Financial Group now owns 941 shares of the technology company’s stock worth $146,000 after acquiring an additional 3 shares during the period. K.J. Harrison & Partners Inc increased its holdings in shares of International Business Machines Corporation by 0.4% in the 1st quarter. K.J. Harrison & Partners Inc now owns 1,955 shares of the technology company’s stock worth $340,000 after acquiring an additional 7 shares during the period. Arthur M. Cohen & Associates LLC increased its holdings in shares of International Business Machines Corporation by 0.5% in the 1st quarter. Arthur M. Cohen & Associates LLC now owns 1,362 shares of the technology company’s stock worth $237,000 after acquiring an additional 7 shares during the period. Milestone Group Inc. increased its holdings in shares of International Business Machines Corporation by 0.4% in the 2nd quarter. Milestone Group Inc. now owns 2,244 shares of the technology company’s stock worth $345,000 after acquiring an additional 8 shares during the period. Finally, Gilbert & Cook Inc. increased its holdings in shares of International Business Machines Corporation by 0.6% in the 1st quarter. Gilbert & Cook Inc. now owns 2,151 shares of the technology company’s stock worth $375,000 after acquiring an additional 12 shares during the period. 57.84% of the stock is currently owned by institutional investors and hedge funds.

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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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