Investors sold shares of International Business Machines Corp. (NYSE:IBM) on strength during trading on Friday. $151.91 million flowed into the stock on the tick-up and $211.04 million flowed out of the stock on the tick-down, for a money net flow of $59.13 million out of the stock. Of all companies tracked, International Business Machines had the 0th highest net out-flow for the day. International Business Machines traded up $3.10 for the day and closed at $159.31
Several equities analysts recently commented on the stock. Pivotal Research set a $180.00 target price on shares of International Business Machines and gave the company a “buy” rating in a research note on Thursday, January 18th. Bank of America reiterated a “buy” rating and set a $200.00 target price on shares of International Business Machines in a research note on Friday, January 19th. Goldman Sachs Group set a $170.00 target price on shares of International Business Machines and gave the company a “neutral” rating in a research note on Friday, January 19th. JPMorgan Chase & Co. set a $167.00 target price on shares of International Business Machines and gave the company a “neutral” rating in a research note on Friday, January 19th. Finally, Morgan Stanley upped their target price on shares of International Business Machines to $198.00 and gave the company an “overweight” rating in a research note on Friday, January 19th. Six research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and eleven have issued a buy rating to the stock. International Business Machines presently has a consensus rating of “Hold” and an average price target of $166.01.
The company has a quick ratio of 1.29, a current ratio of 1.33 and a debt-to-equity ratio of 2.25. The company has a market cap of $146,750.00, a price-to-earnings ratio of 13.23, a price-to-earnings-growth ratio of 2.33 and a beta of 0.94.
International Business Machines (NYSE:IBM) last posted its earnings results on Thursday, January 18th. The technology company reported $5.18 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $5.17 by $0.01. International Business Machines had a net margin of 7.27% and a return on equity of 69.48%. The business had revenue of $22.54 billion for the quarter, compared to analyst estimates of $22.03 billion. During the same quarter in the prior year, the firm earned $5.01 EPS. The firm’s quarterly revenue was up 3.6% compared to the same quarter last year. equities research analysts forecast that International Business Machines Corp. will post 13.83 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Saturday, March 10th. Stockholders of record on Friday, February 9th were issued a $1.50 dividend. This represents a $6.00 annualized dividend and a dividend yield of 3.77%. The ex-dividend date was Thursday, February 8th. International Business Machines’s payout ratio is 49.83%.
In other news, insider Diane J. Gherson sold 5,000 shares of the company’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $156.00, for a total value of $780,000.00. Following the sale, the insider now owns 20,581 shares of the company’s stock, valued at approximately $3,210,636. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Frederick H. Waddell bought 610 shares of the stock in a transaction dated Wednesday, January 31st. The stock was purchased at an average cost of $163.38 per share, for a total transaction of $99,661.80. The disclosure for this purchase can be found here. 0.23% of the stock is currently owned by corporate insiders.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Risk Paradigm Group LLC acquired a new position in International Business Machines during the 4th quarter worth about $118,000. ETF Managers Group LLC acquired a new position in International Business Machines during the 2nd quarter worth about $121,000. Price Wealth Management Inc. acquired a new position in International Business Machines during the 4th quarter worth about $122,000. Cerebellum GP LLC acquired a new position in International Business Machines during the 4th quarter worth about $126,000. Finally, Horan Capital Advisors LLC. acquired a new position in International Business Machines during the 3rd quarter worth about $136,000. 56.18% of the stock is currently owned by institutional investors and hedge funds.
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.
Receive News & Ratings for International Business Machines Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for International Business Machines and related companies with MarketBeat.com's FREE daily email newsletter.