International Business Machines (NYSE:IBM) Trading Down 0% – Time to Sell?

International Business Machines Co. (NYSE:IBM) fell 0% during trading on Thursday . The company traded as low as $246.80 and last traded at $251.35. 778,134 shares were traded during trading, a decline of 80% from the average session volume of 3,897,227 shares. The stock had previously closed at $251.35.

Analysts Set New Price Targets

A number of research analysts recently commented on IBM shares. Morgan Stanley boosted their price objective on shares of International Business Machines from $217.00 to $228.00 and gave the company an “equal weight” rating in a research report on Thursday, January 30th. Wedbush began coverage on International Business Machines in a research report on Monday, February 3rd. They set an “outperform” rating for the company. StockNews.com lowered International Business Machines from a “buy” rating to a “hold” rating in a research note on Thursday, February 27th. Oppenheimer began coverage on shares of International Business Machines in a report on Tuesday, February 11th. They issued an “outperform” rating and a $320.00 price target on the stock. Finally, Bank of America boosted their price target on International Business Machines from $260.00 to $270.00 and gave the company a “buy” rating in a research note on Thursday, January 30th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $231.44.

International Business Machines Stock Performance

The firm has a market cap of $230.87 billion, a P/E ratio of 38.83, a PEG ratio of 5.81 and a beta of 0.74. The company has a quick ratio of 1.00, a current ratio of 1.04 and a debt-to-equity ratio of 1.82. The firm has a fifty day moving average of $240.04 and a 200-day moving average of $225.58.

International Business Machines (NYSE:IBM) last posted its quarterly earnings results on Wednesday, January 29th. The technology company reported $3.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.77 by $0.15. International Business Machines had a return on equity of 38.99% and a net margin of 9.60%. Research analysts predict that International Business Machines Co. will post 10.78 earnings per share for the current fiscal year.

International Business Machines Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Monday, February 10th will be paid a $1.67 dividend. The ex-dividend date is Monday, February 10th. This represents a $6.68 dividend on an annualized basis and a yield of 2.68%. International Business Machines’s payout ratio is 104.21%.

Insider Buying and Selling

In other news, SVP Robert David Thomas sold 26,543 shares of the business’s stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $253.01, for a total value of $6,715,644.43. Following the sale, the senior vice president now directly owns 45,007 shares in the company, valued at $11,387,221.07. The trade was a 37.10 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.07% of the stock is owned by company insiders.

Institutional Trading of International Business Machines

Hedge funds and other institutional investors have recently made changes to their positions in the business. Compass Financial Services Inc bought a new position in International Business Machines in the fourth quarter valued at approximately $26,000. Hara Capital LLC bought a new stake in shares of International Business Machines during the 3rd quarter worth about $29,000. Vision Financial Markets LLC bought a new stake in shares of International Business Machines during the fourth quarter worth approximately $31,000. Avondale Wealth Management increased its position in International Business Machines by 56.0% during the 4th quarter. Avondale Wealth Management now owns 156 shares of the technology company’s stock worth $34,000 after buying an additional 56 shares during the period. Finally, Valued Wealth Advisors LLC boosted its holdings in International Business Machines by 134.3% in the 4th quarter. Valued Wealth Advisors LLC now owns 157 shares of the technology company’s stock valued at $35,000 after purchasing an additional 90 shares during the period. 58.96% of the stock is currently owned by institutional investors and hedge funds.

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.