International Business Machines (NYSE:IBM) Stock Price Down 1.1% - What's Next?

International Business Machines Co. (NYSE:IBM - Get Free Report) traded down 1.1% on Wednesday . The stock traded as low as $220.83 and last traded at $221.48. 622,303 shares traded hands during trading, a decline of 76% from the average session volume of 2,632,072 shares. The stock had previously closed at $223.96.

Analyst Ratings Changes

Several equities analysts have weighed in on the stock. Bernstein Bank lifted their price objective on shares of International Business Machines from $185.00 to $210.00 and gave the stock a "market perform" rating in a research report on Thursday, October 3rd. Jefferies Financial Group boosted their price target on shares of International Business Machines from $200.00 to $245.00 and gave the company a "hold" rating in a report on Monday, October 21st. Evercore ISI upped their price objective 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. Morgan Stanley upped their price objective on shares of International Business Machines from $208.00 to $222.00 and gave the stock an "equal weight" rating in a report on Monday, December 16th. Finally, Royal Bank of Canada reissued an "outperform" rating and set a $250.00 target price on shares of International Business Machines in a research report on Thursday, October 24th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $214.88.

International Business Machines Price Performance

The company has a debt-to-equity ratio of 2.16, a current ratio of 1.06 and a quick ratio of 1.01. The stock has a market capitalization of $206.33 billion, a P/E ratio of 32.48, a PEG ratio of 5.18 and a beta of 0.74. The company's 50 day simple moving average is $221.37 and its two-hundred day simple moving average is $208.59.

International Business Machines (NYSE:IBM - Get Free Report) 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 firm 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%. The company'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 analysts expect that International Business Machines Co. will post 10.12 EPS for the current fiscal year.

International Business Machines Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Tuesday, November 12th were paid a dividend of $1.67 per share. The ex-dividend date of this dividend was Tuesday, November 12th. This represents a $6.68 annualized dividend and a dividend yield of 2.99%. International Business Machines's dividend payout ratio (DPR) is currently 97.23%.

Insider Activity

In other news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of the stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $215.20, for a total transaction 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 document filed with the Securities & Exchange Commission, which is available through this link. 0.07% of the stock is owned by insiders.

Institutional Trading of International Business Machines

Several hedge funds have recently modified their holdings of the stock. Meeder Asset Management Inc. lifted its holdings in International Business Machines by 40.9% in the third quarter. Meeder Asset Management Inc. now owns 572 shares of the technology company's stock valued at $126,000 after buying an additional 166 shares during the period. Susquehanna Fundamental Investments LLC acquired a new position in International Business Machines in the second quarter valued at approximately $7,160,000. Philip James Wealth Mangement LLC acquired a new position in International Business Machines in the third quarter valued at approximately $5,117,000. Lord Abbett & CO. LLC acquired a new position in International Business Machines in the third quarter valued at approximately $24,761,000. Finally, Aljian Capital Management LLC acquired a new position in International Business Machines in the third quarter valued at approximately $611,000. 58.96% of the stock is owned by institutional investors.

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.