Investors Sell Shares of International Business Machines Corporation (IBM) on Strength (IBM)

Investors sold shares of International Business Machines Corporation (NYSE:IBM) on strength during trading hours on Tuesday. $89.25 million flowed into the stock on the tick-up and $169.10 million flowed out of the stock on the tick-down, for a money net flow of $79.85 million out of the stock. Of all equities tracked, International Business Machines Corporation had the 7th highest net out-flow for the day. International Business Machines Corporation traded up $1.11 for the day and closed at $148.50

Several analysts have recently weighed in on IBM shares. UBS AG restated a “hold” rating and set a $152.00 price objective on shares of International Business Machines Corporation in a research report on Tuesday, September 5th. BidaskClub upgraded shares of International Business Machines Corporation from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 26th. Morgan Stanley reiterated an “overweight” rating and issued a $192.00 target price on shares of International Business Machines Corporation in a research report on Wednesday, August 23rd. Vetr upgraded shares of International Business Machines Corporation from a “hold” rating to a “buy” rating and set a $150.68 target price on the stock in a research report on Monday, July 31st. Finally, Drexel Hamilton reiterated a “buy” rating and issued a $200.00 target price on shares of International Business Machines Corporation in a research report on Tuesday, July 18th. Seven equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and nine have assigned a buy rating to the company’s stock. International Business Machines Corporation currently has a consensus rating of “Hold” and a consensus target price of $157.12.

The firm has a market cap of $138.39 billion, a price-to-earnings ratio of 12.32 and a beta of 0.95. The company has a 50 day moving average of $144.78 and a 200-day moving average of $152.28.

International Business Machines Corporation (NYSE:IBM) last issued its earnings results 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. International Business Machines Corporation had a net margin of 14.58% and a return on equity of 71.53%. The company had revenue of $19.29 billion for the quarter, compared to analysts’ expectations of $19.45 billion. During the same period in the prior year, the business earned $2.95 EPS. The firm’s quarterly revenue was down 4.7% on a year-over-year basis. On average, equities research analysts expect that International Business Machines Corporation will post $13.77 EPS for the current fiscal year.

A number of institutional investors have recently modified their holdings of IBM. Candriam Luxembourg S.C.A. grew its holdings in International Business Machines Corporation by 16.6% during the 1st quarter. Candriam Luxembourg S.C.A. now owns 73,239 shares of the technology company’s stock worth $12,754,000 after acquiring an additional 10,400 shares in the last quarter. Nationwide Fund Advisors grew its holdings in International Business Machines Corporation by 8.3% during the 1st quarter. Nationwide Fund Advisors now owns 319,323 shares of the technology company’s stock worth $55,607,000 after acquiring an additional 24,568 shares in the last quarter. Truepoint Inc. grew its holdings in International Business Machines Corporation by 0.5% during the 1st quarter. Truepoint Inc. now owns 3,568 shares of the technology company’s stock worth $621,000 after acquiring an additional 16 shares in the last quarter. Mn Services Vermogensbeheer B.V. grew its holdings in International Business Machines Corporation by 2.2% during the 1st quarter. Mn Services Vermogensbeheer B.V. now owns 24,132 shares of the technology company’s stock worth $3,929,000 after acquiring an additional 525 shares in the last quarter. Finally, Taylor Wealth Management Partners grew its holdings in International Business Machines Corporation by 59.1% during the 1st quarter. Taylor Wealth Management Partners now owns 1,750 shares of the technology company’s stock worth $305,000 after acquiring an additional 650 shares in the last quarter. Institutional investors own 57.88% 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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