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

Traders purchased shares of International Business Machines Corp. (NYSE:IBM) on weakness during trading hours on Friday. $219.27 million flowed into the stock on the tick-up and $156.88 million flowed out of the stock on the tick-down, for a money net flow of $62.39 million into the stock. Of all companies tracked, International Business Machines had the 9th highest net in-flow for the day. International Business Machines traded down ($1.06) for the day and closed at $163.14

Several analysts have weighed in on IBM shares. Vetr upgraded International Business Machines from a “buy” rating to a “strong-buy” rating and set a $165.26 price target on the stock in a research note on Wednesday, November 15th. Zacks Investment Research downgraded International Business Machines from a “hold” rating to a “sell” rating in a research note on Tuesday, December 19th. KeyCorp reiterated a “hold” rating on shares of International Business Machines in a research note on Friday, November 3rd. Jefferies Group reiterated a “sell” rating and set a $125.00 price target on shares of International Business Machines in a research note on Thursday, September 21st. Finally, Tigress Financial reiterated a “buy” rating on shares of International Business Machines in a research note on Friday, December 1st. Seven investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating and twelve have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $159.90.

The stock has a market capitalization of $151,030.00, a PE ratio of 13.62, a PEG ratio of 2.36 and a beta of 0.94. The company has a debt-to-equity ratio of 2.09, a current ratio of 1.41 and a quick ratio of 1.36.

International Business Machines (NYSE:IBM) last issued its quarterly earnings results on Tuesday, October 17th. The technology company reported $3.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.28 by $0.02. The company had revenue of $19.15 billion for the quarter, compared to the consensus estimate of $18.63 billion. International Business Machines had a return on equity of 68.68% and a net margin of 14.43%. International Business Machines’s revenue for the quarter was down .4% on a year-over-year basis. During the same quarter in the prior year, the business posted $3.29 earnings per share. sell-side analysts expect that International Business Machines Corp. will post 13.78 earnings per share for the current year.

Hedge funds have recently modified their holdings of the business. Herndon Capital Management LLC boosted its position in International Business Machines by 39.0% during the second quarter. Herndon Capital Management LLC now owns 695 shares of the technology company’s stock worth $107,000 after purchasing an additional 195 shares in the last quarter. Edge Wealth Management LLC boosted its position in International Business Machines by 5.6% during the second quarter. Edge Wealth Management LLC now owns 760 shares of the technology company’s stock worth $117,000 after purchasing an additional 40 shares in the last quarter. ETF Managers Group LLC acquired a new position in shares of International Business Machines during the second quarter valued at approximately $121,000. Peddock Capital Advisors LLC raised its holdings in shares of International Business Machines by 7.3% during the second quarter. Peddock Capital Advisors LLC now owns 912 shares of the technology company’s stock valued at $140,000 after acquiring an additional 62 shares during the last quarter. Finally, Horan Capital Advisors LLC. acquired a new position in shares of International Business Machines during the third quarter valued at approximately $136,000. Institutional investors own 57.11% 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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