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

Investors sold shares of International Business Machines Corporation (NYSE:IBM) on strength during trading on Friday. $221.13 million flowed into the stock on the tick-up and $453.75 million flowed out of the stock on the tick-down, for a money net flow of $232.62 million out of the stock. Of all equities tracked, International Business Machines Corporation had the 0th highest net out-flow for the day. International Business Machines Corporation traded up $1.17 for the day and closed at $162.07

Several brokerages have commented on IBM. Berenberg Bank set a $125.00 target price on shares of International Business Machines Corporation and gave the stock a “sell” rating in a report on Wednesday. Vetr downgraded shares of International Business Machines Corporation from a “buy” rating to a “hold” rating and set a $160.68 target price on the stock. in a report on Thursday. Sanford C. Bernstein set a $150.00 target price on shares of International Business Machines Corporation and gave the stock a “neutral” rating in a report on Wednesday. Oppenheimer Holdings, Inc. restated a “hold” rating on shares of International Business Machines Corporation in a report on Wednesday. Finally, Stifel Nicolaus restated a “buy” rating and set a $182.00 target price on shares of International Business Machines Corporation in a report on Wednesday. Eight investment analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and eight have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $157.90.

The firm has a 50 day moving average price of $146.97 and a 200-day moving average price of $151.34. The stock has a market capitalization of $150.63 billion, a P/E ratio of 13.52 and a beta of 0.95.

International Business Machines Corporation (NYSE:IBM) last announced its quarterly earnings data on Tuesday, October 17th. The technology company reported $3.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.28 by $0.02. The firm had revenue of $19.15 billion during the quarter, compared to the consensus estimate of $18.63 billion. International Business Machines Corporation had a return on equity of 68.68% and a net margin of 14.43%. The business’s revenue for the quarter was down .4% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.29 EPS. On average, analysts forecast that International Business Machines Corporation will post $13.81 EPS for the current fiscal year.

Large investors have recently made changes to their positions in the business. SeaBridge Investment Advisors LLC grew its stake in shares of International Business Machines Corporation by 18.9% during the 2nd quarter. SeaBridge Investment Advisors LLC now owns 76,818 shares of the technology company’s stock worth $11,817,000 after acquiring an additional 12,236 shares during the period. Intellectus Partners LLC grew its stake in shares of International Business Machines Corporation by 9.8% during the 1st quarter. Intellectus Partners LLC now owns 16,817 shares of the technology company’s stock worth $2,929,000 after acquiring an additional 1,496 shares during the period. CKW Financial Group grew its stake in shares of International Business Machines Corporation by 14.8% during the 1st quarter. CKW Financial Group now owns 938 shares of the technology company’s stock worth $163,000 after acquiring an additional 121 shares during the period. Argus Investors Counsel Inc. grew its stake in shares of International Business Machines Corporation by 10.9% during the 2nd quarter. Argus Investors Counsel Inc. now owns 26,876 shares of the technology company’s stock worth $4,134,000 after acquiring an additional 2,651 shares during the period. Finally, SOL Capital Management CO grew its stake in shares of International Business Machines Corporation by 0.6% during the 2nd quarter. SOL Capital Management CO now owns 7,588 shares of the technology company’s stock worth $1,167,000 after acquiring an additional 45 shares during the period. Hedge funds and other 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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