Investors sold shares of International Business Machines Corp. (NYSE:IBM) on strength during trading hours on Monday. $168.51 million flowed into the stock on the tick-up and $199.18 million flowed out of the stock on the tick-down, for a money net flow of $30.67 million out of the stock. Of all companies tracked, International Business Machines had the 0th highest net out-flow for the day. International Business Machines traded up $0.95 for the day and closed at $160.26
Several equities research analysts recently issued reports on IBM shares. Vetr raised shares of International Business Machines from a “buy” rating to a “strong-buy” rating and set a $165.26 target price on the stock in a research report on Wednesday, November 15th. Zacks Investment Research downgraded shares of International Business Machines from a “hold” rating to a “sell” rating in a report on Tuesday, December 19th. Societe Generale set a $149.00 price target on shares of International Business Machines and gave the company a “sell” rating in a report on Friday, January 19th. Cantor Fitzgerald reissued a “hold” rating and set a $152.00 price target on shares of International Business Machines in a report on Friday, January 19th. Finally, Morgan Stanley boosted their price target on shares of International Business Machines to $198.00 and gave the company an “overweight” rating in a report on Friday, January 19th. Six investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and eleven have issued a buy rating to the company. International Business Machines currently has a consensus rating of “Hold” and a consensus price target of $166.01.
The firm has a market cap of $147,626.36, a price-to-earnings ratio of 26.08, a price-to-earnings-growth ratio of 2.34 and a beta of 0.94. The company has a debt-to-equity ratio of 2.25, a current ratio of 1.33 and a quick ratio of 1.29.
The firm also recently declared a quarterly dividend, which was paid on Saturday, March 10th. Shareholders of record on Friday, February 9th were given a $1.50 dividend. This represents a $6.00 annualized dividend and a yield of 3.77%. The ex-dividend date of this dividend was Thursday, February 8th. International Business Machines’s dividend payout ratio (DPR) is presently 98.20%.
In other International Business Machines news, insider Erich Clementi sold 13,000 shares of the business’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $154.66, for a total value of $2,010,580.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Diane J. Gherson sold 5,000 shares of the business’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $156.00, for a total transaction of $780,000.00. Following the completion of the sale, the insider now owns 20,581 shares in the company, valued at $3,210,636. The disclosure for this sale can be found here. 0.23% of the stock is currently owned by insiders.
A number of institutional investors have recently modified their holdings of IBM. Private Capital Management Inc. boosted its holdings in International Business Machines by 71.3% during the third quarter. Private Capital Management Inc. now owns 3,425 shares of the technology company’s stock worth $497,000 after buying an additional 1,425 shares during the last quarter. Caxton Associates LP boosted its position in shares of International Business Machines by 23.5% during the 2nd quarter. Caxton Associates LP now owns 4,200 shares of the technology company’s stock valued at $646,000 after purchasing an additional 800 shares in the last quarter. Flippin Bruce & Porter Inc. boosted its position in shares of International Business Machines by 6.2% during the 2nd quarter. Flippin Bruce & Porter Inc. now owns 85,378 shares of the technology company’s stock valued at $13,134,000 after purchasing an additional 4,956 shares in the last quarter. Intl Fcstone Inc. bought a new stake in shares of International Business Machines during the 2nd quarter valued at about $1,116,000. Finally, Adviser Investments LLC boosted its position in shares of International Business Machines by 8.2% during the 3rd quarter. Adviser Investments LLC now owns 12,714 shares of the technology company’s stock valued at $1,845,000 after purchasing an additional 965 shares in the last quarter. Hedge funds and other institutional investors own 57.10% of the company’s stock.
About International Business Machines
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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