Traders Buy Shares of International Business Machines (IBM) on Weakness

Traders purchased shares of International Business Machines Corp. (NYSE:IBM) on weakness during trading hours on Monday. $219.27 million flowed into the stock on the tick-up and $156.88 million flowed out of the stock on the tick-down, for a money net flow of $62.39 million into the stock. Of all equities tracked, International Business Machines had the 9th highest net in-flow for the day. International Business Machines traded down ($1.06) for the day and closed at $163.14

IBM has been the topic of a number of recent research reports. Vetr upgraded International Business Machines from a “buy” rating to a “strong-buy” rating and set a $165.26 target price on the stock in a report on Wednesday, November 15th. Zacks Investment Research cut International Business Machines from a “hold” rating to a “sell” rating in a report on Tuesday, December 19th. KeyCorp reiterated a “hold” rating on shares of International Business Machines in a report on Friday, November 3rd. Jefferies Group reiterated a “sell” rating and issued a $125.00 target price on shares of International Business Machines in a report on Thursday, September 21st. Finally, Tigress Financial reiterated a “buy” rating on shares of International Business Machines in a report on Friday, December 1st. Seven analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and twelve have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $159.90.

The stock has a market capitalization of $151,030.00, a PE ratio of 13.62, a P/E/G ratio of 2.38 and a beta of 0.94. The company has a current ratio of 1.41, a quick ratio of 1.36 and a debt-to-equity ratio of 2.09.

International Business Machines (NYSE:IBM) last announced its earnings results on Tuesday, October 17th. The technology company reported $3.30 earnings per share (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 during the quarter, compared to analyst estimates of $18.63 billion. During the same period last year, the firm posted $3.29 EPS. The business’s revenue was down .4% compared to the same quarter last year. equities research analysts predict that International Business Machines Corp. will post 13.79 EPS for the current fiscal year.

Several institutional investors have recently made changes to their positions in IBM. Vanguard Group Inc. increased its position in shares of International Business Machines by 3.7% during 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 purchasing an additional 2,241,818 shares during the last quarter. Nordea Investment Management AB increased its position in shares of International Business Machines by 151.2% during the 2nd quarter. Nordea Investment Management AB now owns 3,250,047 shares of the technology company’s stock valued at $499,955,000 after purchasing an additional 1,956,033 shares during the last quarter. Janus Henderson Group PLC increased its holdings in International Business Machines by 1,155.3% in the 2nd quarter. Janus Henderson Group PLC now owns 1,358,103 shares of the technology company’s stock worth $208,923,000 after acquiring an additional 1,249,916 shares during the last quarter. BlackRock Inc. increased its holdings in International Business Machines by 2.4% in the 2nd quarter. BlackRock Inc. now owns 52,936,360 shares of the technology company’s stock worth $8,143,204,000 after acquiring an additional 1,241,441 shares during the last quarter. Finally, Stifel Financial Corp increased its holdings in International Business Machines by 9,678.2% in the 3rd quarter. Stifel Financial Corp now owns 815,897 shares of the technology company’s stock worth $118,347,000 after acquiring an additional 807,553 shares during the last quarter. 57.12% 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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