Investors Sell Shares of International Business Machines (IBM) on Strength (IBM)

Traders sold shares of International Business Machines Corp. (NYSE:IBM) on strength during trading hours on Thursday. $148.56 million flowed into the stock on the tick-up and $217.62 million flowed out of the stock on the tick-down, for a money net flow of $69.06 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 $1.25 for the day and closed at $156.01

A number of brokerages have commented on IBM. BMO Capital Markets reiterated a “hold” rating and issued a $175.00 price objective on shares of International Business Machines in a research report on Thursday, January 11th. They noted that the move was a valuation call. Zacks Investment Research upgraded International Business Machines from a “sell” rating to a “hold” rating in a research report on Wednesday, January 10th. JPMorgan Chase & Co. set a $167.00 price objective on International Business Machines and gave the stock a “neutral” rating in a research report on Friday, January 19th. Pivotal Research set a $180.00 price objective on International Business Machines and gave the stock a “buy” rating in a research report on Thursday, January 18th. Finally, Wedbush reiterated a “neutral” rating and issued a $185.00 price objective (up previously from $155.00) on shares of International Business Machines in a research report on Thursday, January 18th. They noted that the move was a valuation call. Seven analysts have rated the stock with a sell rating, seventeen have issued a hold rating and eleven have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $164.37.

The stock has a market capitalization of $144,590.00, a price-to-earnings ratio of 12.95, a price-to-earnings-growth ratio of 2.28 and a beta of 0.94. The company has a current ratio of 1.33, a quick ratio of 1.29 and a debt-to-equity ratio of 2.25.

International Business Machines (NYSE:IBM) last released its quarterly earnings results on Thursday, January 18th. The technology company reported $5.18 earnings per share for the quarter, beating the Zacks’ consensus estimate of $5.17 by $0.01. International Business Machines had a return on equity of 69.48% and a net margin of 7.27%. The firm had revenue of $22.54 billion during the quarter, compared to analysts’ expectations of $22.03 billion. During the same period last year, the firm posted $5.01 EPS. The business’s revenue was up 3.6% on a year-over-year basis. sell-side analysts predict that International Business Machines Corp. will post 13.82 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Saturday, March 10th. Investors of record on Friday, February 9th will be issued a dividend of $1.50 per share. The ex-dividend date is Thursday, February 8th. This represents a $6.00 dividend on an annualized basis and a yield of 3.84%. International Business Machines’s dividend payout ratio is 49.75%.

In other International Business Machines news, Director Frederick H. Waddell purchased 610 shares of the company’s stock in a transaction that occurred on Wednesday, January 31st. The stock was purchased at an average cost of $163.38 per share, with a total value of $99,661.80. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 0.23% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in IBM. Vanguard Group Inc. increased its stake in shares of International Business Machines by 3.7% in the 2nd quarter. Vanguard Group Inc. now owns 62,228,040 shares of the technology company’s stock valued at $9,572,538,000 after buying an additional 2,241,818 shares during the period. BlackRock Inc. increased its stake in shares of International Business Machines by 5.4% in the 4th quarter. BlackRock Inc. now owns 57,755,152 shares of the technology company’s stock valued at $8,860,797,000 after buying an additional 2,960,682 shares during the period. Geode Capital Management LLC increased its stake in shares of International Business Machines by 2.7% in the 4th quarter. Geode Capital Management LLC now owns 9,958,435 shares of the technology company’s stock valued at $1,524,875,000 after buying an additional 259,304 shares during the period. Caisse DE Depot ET Placement DU Quebec increased its stake in shares of International Business Machines by 4.3% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 5,242,553 shares of the technology company’s stock valued at $763,790,000 after buying an additional 216,212 shares during the period. Finally, Schwab Charles Investment Management Inc. increased its stake in shares of International Business Machines by 4.7% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 5,053,040 shares of the technology company’s stock valued at $775,238,000 after buying an additional 226,538 shares during the period. 57.08% of the stock is owned by hedge funds and other institutional investors.

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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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