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

Investors sold shares of International Business Machines Corp. (NYSE:IBM) on strength during trading on Thursday. $134.49 million flowed into the stock on the tick-up and $174.85 million flowed out of the stock on the tick-down, for a money net flow of $40.36 million out of the stock. Of all equities tracked, International Business Machines had the 23rd highest net out-flow for the day. International Business Machines traded up $0.02 for the day and closed at $164.20

Several research firms have weighed in on IBM. Royal Bank of Canada restated a “hold” rating on shares of International Business Machines in a research note on Friday, October 13th. Zacks Investment Research downgraded International Business Machines from a “hold” rating to a “sell” rating in a research note on Tuesday, December 19th. BMO Capital Markets restated a “market perform” rating and issued a $170.00 price target (up from $167.00) on shares of International Business Machines in a research note on Wednesday, October 18th. JPMorgan Chase & Co. set a $157.00 price target on International Business Machines and gave the stock a “neutral” rating in a research note on Wednesday, October 18th. Finally, Citigroup upped their price target on International Business Machines from $160.00 to $165.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 18th. Seven analysts have rated the stock with a sell rating, seventeen have given a hold rating and twelve have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $160.01.

The stock has a market cap of $152,010.00, a price-to-earnings ratio of 13.71, a price-to-earnings-growth ratio of 2.36 and a beta of 0.94. The company has a debt-to-equity ratio of 2.09, a quick ratio of 1.36 and a current ratio of 1.41.

International Business Machines (NYSE:IBM) last released its earnings results on Tuesday, October 17th. The technology company reported $3.30 earnings per share for the quarter, topping analysts’ consensus estimates 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 business had revenue of $19.15 billion for the quarter, compared to analyst estimates of $18.63 billion. During the same quarter last year, the firm posted $3.29 earnings per share. The business’s revenue was down .4% compared to the same quarter last year. equities analysts forecast that International Business Machines Corp. will post 13.78 earnings per share for the current year.

A number of hedge funds have recently added to or reduced their stakes in IBM. Herndon Capital Management LLC increased its stake in International Business Machines by 39.0% in 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 during the period. Edge Wealth Management LLC increased its stake in International Business Machines by 5.6% in 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 during the period. ETF Managers Group LLC purchased a new stake in International Business Machines in the second quarter worth $121,000. Horan Capital Advisors LLC. purchased a new stake in International Business Machines in the third quarter worth $136,000. Finally, Peddock Capital Advisors LLC increased its stake in International Business Machines by 7.3% in the second quarter. Peddock Capital Advisors LLC now owns 912 shares of the technology company’s stock worth $140,000 after purchasing an additional 62 shares during the period. Institutional investors and hedge funds own 57.11% of the company’s stock.

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About International Business Machines

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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