International Business Machines (NYSE:IBM) Shares Down 1.9% - Here's Why

International Business Machines Co. (NYSE:IBM - Get Free Report)'s share price traded down 1.9% on Tuesday . The stock traded as low as $249.93 and last traded at $252.13. 1,587,595 shares traded hands during mid-day trading, a decline of 59% from the average session volume of 3,909,097 shares. The stock had previously closed at $256.90.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. JPMorgan Chase & Co. lifted their price target on International Business Machines from $233.00 to $244.00 and gave the stock a "neutral" rating in a report on Thursday, January 30th. BMO Capital Markets lifted their target price on International Business Machines from $260.00 to $280.00 and gave the stock a "market perform" rating in a report on Thursday, January 30th. The Goldman Sachs Group reissued a "buy" rating on shares of International Business Machines in a research report on Wednesday, February 5th. StockNews.com upgraded shares of International Business Machines from a "hold" rating to a "buy" rating in a research note on Friday, March 7th. Finally, Jefferies Financial Group increased their target price on shares of International Business Machines from $245.00 to $270.00 and gave the stock a "hold" rating in a research report on Thursday, January 30th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat, International Business Machines has an average rating of "Hold" and a consensus target price of $231.44.

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International Business Machines Price Performance

The stock has a market cap of $227.80 billion, a PE ratio of 38.33, a P/E/G ratio of 5.81 and a beta of 0.74. The company has a debt-to-equity ratio of 1.82, a current ratio of 1.04 and a quick ratio of 1.00. The firm's 50 day moving average price is $243.21 and its two-hundred day moving average price is $227.58.

International Business Machines (NYSE:IBM - Get Free Report) last released its quarterly earnings data on Wednesday, January 29th. The technology company reported $3.92 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.77 by $0.15. International Business Machines had a return on equity of 38.99% and a net margin of 9.60%. On average, research analysts expect 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 disclosed a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Monday, February 10th were given a $1.67 dividend. The ex-dividend date was Monday, February 10th. This represents a $6.68 dividend on an annualized basis and a dividend yield of 2.72%. International Business Machines's dividend payout ratio (DPR) is currently 104.21%.

Insiders Place Their Bets

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 transaction of $6,715,644.43. Following the completion of the transaction, the senior vice president now owns 45,007 shares of the company's stock, valued at approximately $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 Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.07% of the company's stock.

Institutional Trading of International Business Machines

A number of hedge funds have recently bought and sold shares of the company. Compass Financial Services Inc purchased a new position in shares of International Business Machines in the fourth quarter worth about $26,000. Vision Financial Markets LLC bought a new position in International Business Machines during the 4th quarter worth approximately $31,000. Avondale Wealth Management grew 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 acquiring an additional 56 shares during the last quarter. Valued Wealth Advisors LLC increased its stake 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 worth $35,000 after purchasing an additional 90 shares during the period. Finally, Rialto Wealth Management LLC bought a new stake in International Business Machines in the fourth quarter valued at approximately $35,000. 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.

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