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

International Business Machines Co. (NYSE:IBM) shares were down 0.1% during trading on Thursday . The stock traded as low as $222.55 and last traded at $224.09. Approximately 318,516 shares traded hands during trading, a decline of 92% from the average daily volume of 4,223,509 shares. The stock had previously closed at $224.41.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Bernstein Bank boosted their price target on International Business Machines from $185.00 to $210.00 and gave the company a “market perform” rating in a research note on Thursday, October 3rd. Royal Bank of Canada reissued an “outperform” rating and set a $250.00 target price on shares of International Business Machines in a report on Thursday, October 24th. Jefferies Financial Group upped their price objective on shares of International Business Machines from $200.00 to $245.00 and gave the stock a “hold” rating in a research report on Monday, October 21st. Bank of America raised their target price on shares of International Business Machines from $209.00 to $250.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. Finally, Evercore ISI upped their price target on shares of International Business Machines from $215.00 to $240.00 and gave the stock an “outperform” rating in a report on Wednesday, September 11th. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $208.94.

International Business Machines Trading Down 0.9 %

The company has a current ratio of 1.06, a quick ratio of 1.01 and a debt-to-equity ratio of 2.16. The firm’s 50-day moving average is $221.08 and its 200 day moving average is $205.48. The firm has a market capitalization of $205.99 billion, a price-to-earnings ratio of 32.43, a P/E/G ratio of 5.17 and a beta of 0.73.

International Business Machines (NYSE:IBM) last issued its quarterly earnings data on Wednesday, October 23rd. The technology company reported $2.30 earnings per share for the quarter, topping the consensus estimate of $2.27 by $0.03. The company had revenue of $14.97 billion for the quarter, compared to analysts’ expectations of $15.08 billion. International Business Machines had a net margin of 10.22% and a return on equity of 40.52%. International Business Machines’s revenue for the quarter was up 1.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.20 earnings per share. On average, equities analysts predict that International Business Machines Co. will post 10.12 earnings per share for the current fiscal year.

International Business Machines Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Tuesday, November 12th were paid a $1.67 dividend. This represents a $6.68 dividend on an annualized basis and a dividend yield of 3.00%. The ex-dividend date was Tuesday, November 12th. International Business Machines’s dividend payout ratio is currently 97.23%.

Insiders Place Their Bets

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

Institutional Trading of International Business Machines

Several large investors have recently modified their holdings of the stock. Principal Financial Group Inc. increased its position in International Business Machines by 4.5% in the 3rd quarter. Principal Financial Group Inc. now owns 1,094,106 shares of the technology company’s stock valued at $241,885,000 after buying an additional 46,951 shares in the last quarter. Lord Abbett & CO. LLC acquired a new position in International Business Machines during the 3rd quarter valued at about $24,761,000. Brass Tax Wealth Management Inc. bought a new stake in International Business Machines during the 3rd quarter worth approximately $249,000. 1ST Source Bank raised its stake in shares of International Business Machines by 0.6% in the third quarter. 1ST Source Bank now owns 31,244 shares of the technology company’s stock worth $6,907,000 after purchasing an additional 187 shares during the last quarter. Finally, Alternative Investment Advisors LLC. lifted its holdings in shares of International Business Machines by 3.0% in the third quarter. Alternative Investment Advisors LLC. now owns 10,660 shares of the technology company’s stock valued at $2,357,000 after purchasing an additional 314 shares in the last quarter. Institutional investors and hedge funds own 58.96% of the company’s stock.

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.