International Business Machines (NYSE:IBM) Trading Down 0.8% - What's Next?

International Business Machines Co. (NYSE:IBM - Get Free Report) shares traded down 0.8% on Monday . The stock traded as low as $236.87 and last traded at $236.82. 868,199 shares changed hands during mid-day trading, a decline of 82% from the average session volume of 4,830,949 shares. The stock had previously closed at $238.81.

Analyst Upgrades and Downgrades

IBM has been the subject of several research analyst reports. UBS Group reiterated a "sell" rating on shares of International Business Machines in a research note on Wednesday. Morgan Stanley increased their target price on shares of International Business Machines from $217.00 to $228.00 and gave the company an "equal weight" rating in a research note on Thursday, January 30th. Sanford C. Bernstein boosted their price target 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. Oppenheimer started coverage on International Business Machines in a report on Tuesday, February 11th. They set an "outperform" rating and a $320.00 price objective on the stock. Finally, StockNews.com lowered International Business Machines from a "buy" rating to a "hold" rating in a research note on Saturday, March 15th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $232.75.

International Business Machines Trading Down 5.9 %

The company has a debt-to-equity ratio of 1.82, a quick ratio of 1.00 and a current ratio of 1.04. The firm has a market cap of $214.22 billion, a price-to-earnings ratio of 36.04, a P/E/G ratio of 5.81 and a beta of 0.67. The company's 50-day moving average is $246.57 and its 200-day moving average is $233.87.

International Business Machines (NYSE:IBM - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The technology company reported $1.60 EPS for the quarter, topping analysts' consensus estimates of $1.42 by $0.18. International Business Machines had a return on equity of 38.99% and a net margin of 9.60%. The firm had revenue of $14.54 billion during the quarter, compared to analyst estimates of $14.41 billion. On average, research analysts predict that International Business Machines Co. will post 10.78 earnings per share for the current year.

International Business Machines Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Monday, February 10th were issued a $1.67 dividend. The ex-dividend date was Monday, February 10th. This represents a $6.68 annualized dividend and a yield of 2.89%. International Business Machines's dividend payout ratio (DPR) is presently 104.21%.

Insider Activity at International Business Machines

In other International Business Machines news, SVP Robert David Thomas sold 26,543 shares of the firm's stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $253.01, for a total transaction of $6,715,644.43. Following the sale, the senior vice president now directly owns 45,007 shares in the company, valued at approximately $11,387,221.07. This trade represents a 37.10 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. 0.18% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On International Business Machines

Several large investors have recently made changes to their positions in the stock. Treasurer of the State of North Carolina lifted its stake in International Business Machines by 0.8% in the 4th quarter. Treasurer of the State of North Carolina now owns 495,574 shares of the technology company's stock valued at $108,942,000 after acquiring an additional 4,131 shares in the last quarter. Blue Zone Wealth Advisors LLC acquired a new position in International Business Machines during the fourth quarter worth $242,000. Brady Martz Wealth Solutions LLC bought a new position in International Business Machines in the fourth quarter valued at $1,940,000. Tranquilli Financial Advisor LLC bought a new stake in International Business Machines during the 4th quarter worth about $373,000. Finally, Truist Financial Corp boosted its stake in shares of International Business Machines by 6.5% during the 4th quarter. Truist Financial Corp now owns 811,062 shares of the technology company's stock worth $178,296,000 after buying an additional 49,591 shares during the last quarter. Institutional investors 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.