Traders 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 Wednesday. $1,120.58 million flowed into the stock on the tick-up and $1,233.86 million flowed out of the stock on the tick-down, for a money net flow of $113.28 million out of the stock. Of all stocks tracked, International Business Machines Corporation had the highest net out-flow for the day. International Business Machines Corporation traded up $12.99 for the day and closed at $159.53

A number of research firms recently commented on IBM. Vetr lowered shares of International Business Machines Corporation from a “hold” rating to a “sell” rating and set a $150.26 price objective for the company. in a research note on Monday, June 26th. Guggenheim reaffirmed a “hold” rating on shares of International Business Machines Corporation in a research note on Friday, July 14th. Standpoint Research raised shares of International Business Machines Corporation from a “hold” rating to a “buy” rating in a research note on Wednesday, July 19th. Zacks Investment Research raised shares of International Business Machines Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, July 19th. Finally, Cantor Fitzgerald reaffirmed a “hold” rating and issued a $154.00 price objective (down previously from $166.00) on shares of International Business Machines Corporation in a research note on Wednesday, July 19th. Eight investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating and nine have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $157.51.

The stock’s 50 day moving average is $145.27 and its 200-day moving average is $151.70. The firm has a market capitalization of $148.67 billion, a price-to-earnings ratio of 13.24 and a beta of 0.95.

International Business Machines Corporation (NYSE:IBM) last released its earnings results on Tuesday, October 17th. The technology company reported $3.30 EPS for the quarter, beating the consensus estimate of $3.28 by $0.02. International Business Machines Corporation had a net margin of 14.58% and a return on equity of 71.53%. The firm had revenue of $19.15 billion for the quarter, compared to analyst estimates of $18.63 billion. During the same period last year, the firm earned $3.29 EPS. The business’s quarterly revenue was down .4% compared to the same quarter last year. On average, equities research analysts forecast that International Business Machines Corporation will post $13.75 earnings per share for the current year.

Several institutional investors and hedge funds have recently bought and sold shares of IBM. Vanguard Group Inc. boosted its stake in shares of International Business Machines Corporation by 3.7% in the 2nd quarter. Vanguard Group Inc. now owns 62,228,040 shares of the technology company’s stock valued at $9,572,538,000 after purchasing an additional 2,241,818 shares in the last quarter. Nordea Investment Management AB boosted its stake in shares of International Business Machines Corporation by 151.2% in the 2nd quarter. Nordea Investment Management AB now owns 3,250,047 shares of the technology company’s stock valued at $499,955,000 after purchasing an additional 1,956,033 shares in the last quarter. Janus Henderson Group PLC boosted its stake in shares of International Business Machines Corporation by 1,155.3% in the 2nd quarter. Janus Henderson Group PLC now owns 1,358,103 shares of the technology company’s stock valued at $208,923,000 after purchasing an additional 1,249,916 shares in the last quarter. BlackRock Inc. boosted its stake in shares of International Business Machines Corporation by 2.4% in the 2nd quarter. BlackRock Inc. now owns 52,936,360 shares of the technology company’s stock valued at $8,143,204,000 after purchasing an additional 1,241,441 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its stake in shares of International Business Machines Corporation by 34.4% in the 2nd quarter. Renaissance Technologies LLC now owns 2,720,300 shares of the technology company’s stock valued at $418,464,000 after purchasing an additional 696,600 shares in the last quarter. Institutional investors own 57.84% of the company’s stock.

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About International Business Machines Corporation

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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