International Business Machines (NYSE:IBM) Shares Down 2.2% - Time to Sell?

International Business Machines Co. (NYSE:IBM - Get Free Report)'s share price dropped 2.2% during mid-day trading on Wednesday . The stock traded as low as $247.17 and last traded at $247.66. Approximately 800,074 shares were traded during mid-day trading, a decline of 80% from the average daily volume of 3,904,895 shares. The stock had previously closed at $253.21.

Analysts Set New Price Targets

IBM has been the topic of several research analyst reports. Royal Bank of Canada restated an "outperform" rating and set a $250.00 target price on shares of International Business Machines in a report on Monday, January 27th. StockNews.com raised International Business Machines from a "hold" rating to a "buy" rating in a research note on Friday. BMO Capital Markets increased their price objective 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. Jefferies Financial Group boosted their target price on International Business Machines from $245.00 to $270.00 and gave the company a "hold" rating in a research note on Thursday, January 30th. Finally, UBS Group raised their price target on shares of International Business Machines from $150.00 to $160.00 and gave the stock a "sell" rating in a research note on Tuesday, January 14th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, International Business Machines presently has a consensus rating of "Hold" and a consensus price target of $231.44.

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International Business Machines Price Performance

The firm has a market cap of $242.44 billion, a P/E ratio of 40.81, a PEG ratio of 5.81 and a beta of 0.74. The business has a fifty day moving average of $241.29 and a 200 day moving average of $226.62. The company has a quick ratio of 1.00, a current ratio of 1.04 and a debt-to-equity ratio of 1.82.

International Business Machines (NYSE:IBM - Get Free Report) last posted its earnings results on Wednesday, January 29th. The technology company reported $3.92 earnings per share for the quarter, topping 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, sell-side analysts anticipate that International Business Machines Co. will post 10.78 earnings per share for the current year.

International Business Machines Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Monday, February 10th will be issued a dividend of $1.67 per share. This represents a $6.68 annualized dividend and a dividend yield of 2.55%. The ex-dividend date of this dividend is Monday, February 10th. International Business Machines's payout ratio is 104.21%.

Insider Buying and Selling at International Business Machines

In other International Business Machines news, SVP Robert David Thomas sold 26,543 shares of the company's stock in a transaction on 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 transaction, the senior vice president now directly owns 45,007 shares of the company's stock, valued at $11,387,221.07. This represents a 37.10 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 0.07% of the company's stock.

Institutional Investors Weigh In On International Business Machines

Institutional investors have recently modified their holdings of the business. Capstone Triton Financial Group LLC increased its holdings in shares of International Business Machines by 1.9% during the fourth quarter. Capstone Triton Financial Group LLC now owns 6,990 shares of the technology company's stock worth $1,537,000 after purchasing an additional 131 shares during the period. IronOak Wealth LLC. acquired a new stake in International Business Machines during the fourth quarter worth approximately $235,000. Elite Financial Inc. bought a new position in International Business Machines during the 4th quarter worth $673,000. Wood Tarver Financial Group LLC acquired a new position in International Business Machines in the 4th quarter valued at $76,000. Finally, Kilter Group LLC bought a new stake in shares of International Business Machines during the 4th quarter valued at $1,404,000. 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.