Traders Sell International Business Machines (IBM) on Strength (IBM)

Traders sold shares of International Business Machines Corp. (NYSE:IBM) on strength during trading hours on Wednesday. $99.12 million flowed into the stock on the tick-up and $211.41 million flowed out of the stock on the tick-down, for a money net flow of $112.29 million out of the stock. Of all stocks tracked, International Business Machines had the 0th highest net out-flow for the day. International Business Machines traded up $0.35 for the day and closed at $164.18

Several analysts recently issued reports on the company. BMO Capital Markets reissued a “hold” rating and issued a $175.00 price target on shares of International Business Machines in a report on Thursday. They noted that the move was a valuation call. Societe Generale set a $152.00 price target on International Business Machines and gave the stock a “sell” rating in a report on Friday. Zacks Investment Research raised International Business Machines from a “sell” rating to a “hold” rating in a report on Wednesday. Berenberg Bank set a $125.00 price target on International Business Machines and gave the stock a “sell” rating in a report on Wednesday, October 18th. Finally, Vetr downgraded International Business Machines from a “buy” rating to a “hold” rating and set a $160.68 price target on the stock. in a report on Thursday, October 19th. Seven analysts have rated the stock with a sell rating, seventeen have issued a hold rating and twelve have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $159.90.

The company has a debt-to-equity ratio of 2.09, a quick ratio of 1.36 and a current ratio of 1.41. The company has a market cap of $151,910.00, a PE ratio of 13.71, a P/E/G ratio of 2.36 and a beta of 0.94.

International Business Machines (NYSE:IBM) last posted 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 had a return on equity of 68.68% and a net margin of 14.43%. The firm had revenue of $19.15 billion for the quarter, compared to analysts’ expectations of $18.63 billion. During the same period last year, the firm earned $3.29 EPS. The firm’s revenue was down .4% compared to the same quarter last year. equities research analysts forecast that International Business Machines Corp. will post 13.78 earnings per share for the current fiscal year.

Hedge funds have recently modified their holdings of the company. Herndon Capital Management LLC increased its position in shares of International Business Machines by 39.0% during the 2nd quarter. Herndon Capital Management LLC now owns 695 shares of the technology company’s stock valued at $107,000 after purchasing an additional 195 shares during the period. Edge Wealth Management LLC grew its holdings in shares of International Business Machines by 5.6% in the 2nd quarter. Edge Wealth Management LLC now owns 760 shares of the technology company’s stock worth $117,000 after acquiring an additional 40 shares during the last quarter. ETF Managers Group LLC acquired a new position in shares of International Business Machines in the 2nd quarter worth $121,000. Horan Capital Advisors LLC. acquired a new position in shares of International Business Machines in the 3rd quarter worth $136,000. Finally, Peddock Capital Advisors LLC grew its holdings in shares of International Business Machines by 7.3% in the 2nd quarter. Peddock Capital Advisors LLC now owns 912 shares of the technology company’s stock worth $140,000 after acquiring an additional 62 shares during the last quarter. 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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