Traders Buy Shares of International Business Machines (IBM) on Weakness

Investors purchased shares of International Business Machines Corporation (NYSE:IBM) on weakness during trading on Tuesday. $221.19 million flowed into the stock on the tick-up and $134.38 million flowed out of the stock on the tick-down, for a money net flow of $86.81 million into the stock. Of all stocks tracked, International Business Machines had the 14th highest net in-flow for the day. International Business Machines traded down ($1.11) for the day and closed at $155.35

Several brokerages recently issued reports on IBM. Wedbush restated a “neutral” rating and set a $155.00 price objective on shares of International Business Machines in a research note on Wednesday, August 9th. Sanford C. Bernstein restated a “market perform” rating and set a $150.00 price objective on shares of International Business Machines in a research note on Wednesday, August 9th. Morgan Stanley restated an “overweight” rating and set a $192.00 price objective on shares of International Business Machines in a research note on Wednesday, August 23rd. Vetr cut International Business Machines from a “buy” rating to a “hold” rating and set a $146.52 price objective on the stock. in a research note on Tuesday, August 22nd. Finally, ValuEngine upgraded International Business Machines from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Eight equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $159.12.

The company has a current ratio of 1.41, a quick ratio of 1.36 and a debt-to-equity ratio of 2.09. The firm has a market capitalization of $144,250.00, a P/E ratio of 11.33, a price-to-earnings-growth ratio of 2.27 and a beta of 0.94.

International Business Machines (NYSE:IBM) last issued its quarterly earnings data on Tuesday, October 17th. The technology company reported $3.30 earnings per share for the quarter, beating analysts’ consensus estimates of $3.28 by $0.02. International Business Machines had a net margin of 14.43% and a return on equity of 68.68%. The business had revenue of $19.15 billion for the quarter, compared to analysts’ expectations of $18.63 billion. During the same period in the previous year, the business earned $3.29 earnings per share. The company’s revenue was down .4% on a year-over-year basis. sell-side analysts expect that International Business Machines Corporation will post 13.8 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, December 9th. Investors of record on Friday, November 10th will be paid a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a dividend yield of 3.86%. The ex-dividend date of this dividend is Thursday, November 9th. International Business Machines’s dividend payout ratio is currently 50.08%.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Steward Partners Investment Advisory LLC acquired a new position in International Business Machines during the third quarter worth about $4,855,000. Coastline Trust Co grew its holdings in International Business Machines by 8.9% during the third quarter. Coastline Trust Co now owns 16,353 shares of the technology company’s stock worth $2,373,000 after acquiring an additional 1,340 shares during the period. Truepoint Inc. grew its holdings in International Business Machines by 14,198.1% during the third quarter. Truepoint Inc. now owns 499,003 shares of the technology company’s stock worth $499,000 after acquiring an additional 495,513 shares during the period. Garde Capital Inc. acquired a new position in International Business Machines during the third quarter worth about $789,000. Finally, Archford Capital Strategies LLC grew its holdings in International Business Machines by 6.0% during the third quarter. Archford Capital Strategies LLC now owns 13,954 shares of the technology company’s stock worth $2,024,000 after acquiring an additional 794 shares during the period. Institutional investors and hedge funds own 57.26% of the company’s stock.

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International Business Machines 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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