Traders Sell IBM (IBM) on Strength (IBM)

Investors sold shares of IBM (NYSE:IBM) on strength during trading on Tuesday. $273.31 million flowed into the stock on the tick-up and $326.69 million flowed out of the stock on the tick-down, for a money net flow of $53.38 million out of the stock. Of all stocks tracked, IBM had the 0th highest net out-flow for the day. IBM traded up $3.02 for the day and closed at $160.91

Several research firms have recently commented on IBM. Morgan Stanley increased their target price on IBM to $198.00 and gave the company an “overweight” rating in a research note on Friday, January 19th. JPMorgan Chase set a $167.00 target price on IBM and gave the company a “neutral” rating in a research note on Friday, January 19th. Goldman Sachs set a $170.00 target price on IBM and gave the company a “neutral” rating in a research note on Friday, January 19th. Pivotal Research set a $180.00 target price on IBM and gave the company a “buy” rating in a research note on Thursday, January 18th. Finally, Bank of America reiterated a “buy” rating and set a $200.00 target price on shares of IBM in a research note on Friday, January 19th. Seven investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $166.01.

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The company has a debt-to-equity ratio of 2.25, a current ratio of 1.33 and a quick ratio of 1.29. The stock has a market capitalization of $148,225.13, a price-to-earnings ratio of 10.78, a price-to-earnings-growth ratio of 2.35 and a beta of 0.90.

IBM (NYSE:IBM) last issued its earnings results on Tuesday, April 17th. The technology company reported $2.45 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.42 by $0.03. IBM had a return on equity of 69.35% and a net margin of 7.10%. The firm had revenue of $19.07 billion for the quarter, compared to analyst estimates of $18.80 billion. During the same period last year, the company earned $2.35 earnings per share. The firm’s revenue for the quarter was up 5.1% on a year-over-year basis. research analysts predict that IBM will post 13.81 EPS for the current fiscal year.

In other IBM news, insider Diane J. Gherson sold 5,000 shares of the stock in a transaction on Monday, February 26th. The stock was sold at an average price of $156.00, for a total value of $780,000.00. Following the sale, the insider now directly owns 20,581 shares of the company’s stock, valued at $3,210,636. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Frederick H. Waddell purchased 610 shares of the stock in a transaction dated Wednesday, January 31st. The shares were acquired 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. 0.17% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in shares of IBM by 3.7% during the second 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 period. BlackRock Inc. increased its holdings in shares of IBM by 5.4% during the fourth quarter. BlackRock Inc. now owns 57,755,152 shares of the technology company’s stock valued at $8,860,797,000 after purchasing an additional 2,960,682 shares during the period. Geode Capital Management LLC boosted its stake in IBM by 2.7% during the fourth 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 in the last quarter. Caisse DE Depot ET Placement DU Quebec boosted its stake in IBM by 4.3% during the third 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 in the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its stake in IBM by 4.7% during the fourth 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 in the last quarter. 57.01% of the stock is currently owned by institutional investors.

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IBM Company Profile

International Business Machines Corporation operates as an integrated technology and services company worldwide. Its Cognitive Solutions segment offers Watson, a cognitive computing platform that interacts in natural language, processes big data, and learns from interactions with people and computers.

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