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 trading on Thursday . The company traded as low as $217.38 and last traded at $219.91. 572,737 shares changed hands during trading, a decline of 81% from the average session volume of 2,944,885 shares. The stock had previously closed at $220.03.

Analysts Set New Price Targets

A number of research analysts have issued reports on IBM shares. BMO Capital Markets upped their target price on shares of International Business Machines from $235.00 to $260.00 and gave the company a “market perform” rating in a report on Thursday, October 24th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $250.00 target price on shares of International Business Machines in a research note on Thursday, October 24th. DZ Bank cut International Business Machines from a “buy” rating to a “hold” rating and set a $215.00 price objective on the stock. in a report on Wednesday, October 2nd. Sanford C. Bernstein upped their target price on International Business Machines from $210.00 to $215.00 and gave the company a “market perform” rating in a research note on Friday, January 3rd. Finally, UBS Group raised their target price on shares of International Business Machines from $150.00 to $160.00 and gave the stock a “sell” rating in a research report on Tuesday. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, International Business Machines currently has an average rating of “Hold” and an average target price of $215.81.

International Business Machines Trading Up 0.9 %

The company has a quick ratio of 1.01, a current ratio of 1.06 and a debt-to-equity ratio of 2.16. The firm’s 50 day simple moving average is $222.65 and its 200-day simple moving average is $210.31. The company has a market capitalization of $207.80 billion, a PE ratio of 32.71, a P/E/G ratio of 4.71 and a beta of 0.74.

International Business Machines (NYSE:IBM) last announced its earnings results on Wednesday, October 23rd. The technology company reported $2.30 earnings per share for the quarter, beating the consensus estimate of $2.27 by $0.03. The business had revenue of $14.97 billion during the quarter, compared to the consensus estimate of $15.08 billion. International Business Machines had a net margin of 10.22% and a return on equity of 40.52%. The business’s quarterly revenue was up 1.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.20 earnings per share. As a group, equities research analysts anticipate that International Business Machines Co. will post 10.16 EPS for the current year.

International Business Machines Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Tuesday, November 12th were paid a $1.67 dividend. The ex-dividend date of this dividend was Tuesday, November 12th. This represents a $6.68 annualized dividend and a dividend yield of 2.97%. International Business Machines’s dividend payout ratio (DPR) is presently 97.23%.

Insider Activity

In related news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of the company’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $215.20, for a total value of $774,720.00. Following the sale, the senior vice president now directly owns 25,390 shares of the company’s stock, valued at $5,463,928. This represents a 12.42 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.07% of the company’s stock.

Institutional Trading of International Business Machines

Several institutional investors have recently added to or reduced their stakes in the stock. Massachusetts Financial Services Co. MA raised its holdings in shares of International Business Machines by 13.5% during the second quarter. Massachusetts Financial Services Co. MA now owns 77,189 shares of the technology company’s stock worth $13,350,000 after purchasing an additional 9,155 shares during the period. Seven Eight Capital LP acquired a new stake in shares of International Business Machines during the second quarter worth $1,305,000. ProVise Management Group LLC raised its holdings in shares of International Business Machines by 2.3% during the second quarter. ProVise Management Group LLC now owns 3,305 shares of the technology company’s stock worth $572,000 after purchasing an additional 74 shares during the period. Intech Investment Management LLC raised its holdings in shares of International Business Machines by 66.6% during the second quarter. Intech Investment Management LLC now owns 318,035 shares of the technology company’s stock worth $55,004,000 after purchasing an additional 127,147 shares during the period. Finally, Brighton Jones LLC raised its holdings in shares of International Business Machines by 1.5% during the second quarter. Brighton Jones LLC now owns 17,766 shares of the technology company’s stock worth $3,073,000 after purchasing an additional 260 shares during the period. 58.96% of the stock is owned by institutional investors and hedge funds.

About International Business Machines

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.