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. $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 0th highest net out-flow for the day. International Business Machines traded up $0.02 for the day and closed at $164.20

A number of brokerages have recently weighed in on IBM. Societe Generale set a $152.00 target price on International Business Machines and gave the stock a “sell” rating in a research note on Friday. BMO Capital Markets restated a “hold” rating and issued a $175.00 target price on shares of International Business Machines in a research note on Thursday. 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 note on Wednesday. Royal Bank of Canada upgraded International Business Machines from a “sector perform” rating to an “outperform” rating and boosted their target price for the stock from $160.00 to $180.00 in a research note on Wednesday, January 3rd. They noted that the move was a valuation call. Finally, Vetr downgraded International Business Machines from a “strong-buy” rating to a “buy” rating and set a $173.45 target price on the stock. in a research note on Tuesday, December 12th. Seven research 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’s stock. International Business Machines currently has a consensus rating of “Hold” and an average price target 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 firm has a market cap of $151,030.00, a P/E ratio of 13.62, a P/E/G ratio of 2.39 and a beta of 0.94.

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

A number of hedge funds have recently modified their holdings of IBM. Herndon Capital Management LLC raised its holdings in 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 acquiring an additional 195 shares during the period. Edge Wealth Management LLC raised its holdings in International Business Machines by 5.6% during the 2nd quarter. Edge Wealth Management LLC now owns 760 shares of the technology company’s stock valued at $117,000 after acquiring an additional 40 shares during the period. ETF Managers Group LLC bought a new stake in International Business Machines during the 2nd quarter valued at $121,000. Horan Capital Advisors LLC. bought a new stake in International Business Machines during the 3rd quarter valued at $136,000. Finally, Peddock Capital Advisors LLC raised its holdings in International Business Machines by 7.3% during the 2nd 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 period. 57.11% of the stock is currently owned by institutional investors and hedge funds.

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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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