International Business Machines (NYSE:IBM) Stock Price Down 0.1% – Time to Sell?

International Business Machines Co. (NYSE:IBM)’s share price fell 0.1% during mid-day trading on Monday . The company traded as low as $230.88 and last traded at $231.86. 526,371 shares traded hands during mid-day trading, a decline of 87% from the average session volume of 4,177,595 shares. The stock had previously closed at $232.20.

Analyst Ratings Changes

A number of research firms have weighed in on IBM. UBS Group upped their price objective on shares of International Business Machines from $130.00 to $145.00 and gave the stock a “sell” rating in a research report on Wednesday, September 4th. Hsbc Global Res upgraded shares of International Business Machines to a “moderate sell” rating in a research report on Friday, July 26th. Jefferies Financial Group boosted their price objective on International Business Machines from $200.00 to $245.00 and gave the stock a “hold” rating in a research note on Monday. Stifel Nicolaus raised their target price on International Business Machines from $205.00 to $246.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. Finally, Bank of America lifted their price target on International Business Machines from $209.00 to $250.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, International Business Machines currently has a consensus rating of “Hold” and a consensus price target of $205.71.

International Business Machines Trading Up 0.2 %

The company has a debt-to-equity ratio of 2.20, a quick ratio of 1.08 and a current ratio of 1.12. The stock has a market cap of $213.80 billion, a PE ratio of 26.36, a price-to-earnings-growth ratio of 5.21 and a beta of 0.70. The company’s 50-day moving average price is $213.86 and its 200 day moving average price is $189.75.

International Business Machines (NYSE:IBM) last issued its quarterly earnings data on Wednesday, July 24th. The technology company reported $2.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.16 by $0.27. The firm had revenue of $15.77 billion during the quarter, compared to the consensus estimate of $15.62 billion. International Business Machines had a return on equity of 40.59% and a net margin of 13.52%. The company’s quarterly revenue was up 1.9% on a year-over-year basis. During the same period last year, the company earned $2.18 EPS. On average, sell-side analysts forecast that International Business Machines Co. will post 10.1 EPS for the current fiscal year.

International Business Machines Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Friday, August 9th were given a dividend of $1.67 per share. The ex-dividend date was Friday, August 9th. This represents a $6.68 annualized dividend and a dividend yield of 2.87%. International Business Machines’s dividend payout ratio is currently 75.65%.

Institutional Trading of International Business Machines

Hedge funds have recently made changes to their positions in the business. FPC Investment Advisory Inc. purchased a new position in International Business Machines in the 1st quarter valued at approximately $26,000. ESL Trust Services LLC acquired a new stake in International Business Machines in the 1st quarter valued at about $28,000. Oliver Lagore Vanvalin Investment Group purchased a new position in shares of International Business Machines in the 2nd quarter valued at about $36,000. Wolff Wiese Magana LLC increased its stake in shares of International Business Machines by 37.0% during the second quarter. Wolff Wiese Magana LLC now owns 222 shares of the technology company’s stock worth $38,000 after buying an additional 60 shares during the period. Finally, Briaud Financial Planning Inc grew its holdings in International Business Machines by 54.3% during the 2nd quarter. Briaud Financial Planning Inc now owns 284 shares of the technology company’s stock worth $49,000 after acquiring an additional 100 shares in the last quarter. Institutional investors and hedge funds own 58.96% of the company’s stock.

International Business Machines Company Profile

International Business Machines Corporation, together with its subsidiaries, provides integrated solutions and services worldwide. The company operates through Software, Consulting, Infrastructure, and Financing segments. The Software segment offers a hybrid cloud and AI platforms that allows clients to realize their digital and AI transformations across the applications, data, and environments in which they operate.