International Business Machines (NYSE:IBM) Stock Price Down 0% - Here's Why

International Business Machines Co. (NYSE:IBM - Get Free Report) was down 0% during mid-day trading on Thursday . The stock traded as low as $246.80 and last traded at $251.35. Approximately 778,134 shares were traded during mid-day trading, a decline of 80% from the average daily volume of 3,897,227 shares. The stock had previously closed at $251.35.

Wall Street Analysts Forecast Growth

IBM has been the subject of a number of recent research reports. BMO Capital Markets lifted their target price on International Business Machines from $260.00 to $280.00 and gave the company a "market perform" rating in a report on Thursday, January 30th. Jefferies Financial Group lifted their price objective 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. Oppenheimer initiated coverage on shares of International Business Machines in a research note on Tuesday, February 11th. They set an "outperform" rating and a $320.00 target price on the stock. StockNews.com upgraded shares of International Business Machines from a "hold" rating to a "buy" rating in a research note on Friday. Finally, Royal Bank of Canada reiterated an "outperform" rating and set a $250.00 price target on shares of International Business Machines in a report on Monday, January 27th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $231.44.

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International Business Machines Stock Down 3.1 %

The company has a market capitalization of $230.92 billion, a price-to-earnings ratio of 38.85, a PEG ratio of 5.81 and a beta of 0.74. 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 business has a 50-day simple moving average of $242.61 and a two-hundred day simple moving average of $227.42.

International Business Machines (NYSE:IBM - Get Free Report) last posted its quarterly earnings data on Wednesday, January 29th. The technology company reported $3.92 earnings per share for the quarter, beating analysts' consensus estimates of $3.77 by $0.15. International Business Machines had a net margin of 9.60% and a return on equity of 38.99%. As a group, equities analysts predict that International Business Machines Co. will post 10.78 EPS for the current year.

International Business Machines Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Monday, February 10th were given a dividend of $1.67 per share. This represents a $6.68 annualized dividend and a yield of 2.68%. The ex-dividend date of this dividend was Monday, February 10th. International Business Machines's payout ratio is 104.21%.

Insider Activity at International Business Machines

In related news, SVP Robert David Thomas sold 26,543 shares of the company's stock in a transaction that occurred 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 sale, the senior vice president now owns 45,007 shares in the company, valued at $11,387,221.07. This represents a 37.10 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 0.07% of the company's stock.

Institutional Trading of International Business Machines

Institutional investors have recently bought and sold shares of the company. JBR Co Financial Management Inc increased its holdings in International Business Machines by 0.6% during the 4th quarter. JBR Co Financial Management Inc now owns 6,390 shares of the technology company's stock valued at $1,405,000 after acquiring an additional 40 shares in the last quarter. Wealth Dimensions Group Ltd. increased its stake in shares of International Business Machines by 1.0% during the 4th quarter. Wealth Dimensions Group Ltd. now owns 3,972 shares of the technology company's stock worth $873,000 after purchasing an additional 40 shares in the last quarter. Schechter Investment Advisors LLC raised its position in shares of International Business Machines by 0.7% during the 4th quarter. Schechter Investment Advisors LLC now owns 6,351 shares of the technology company's stock worth $1,396,000 after purchasing an additional 43 shares during the last quarter. Titleist Asset Management LLC lifted its stake in International Business Machines by 3.1% in the 4th quarter. Titleist Asset Management LLC now owns 1,431 shares of the technology company's stock valued at $315,000 after buying an additional 43 shares in the last quarter. Finally, Callan Capital LLC grew its holdings in International Business Machines by 2.4% during the 4th quarter. Callan Capital LLC now owns 1,870 shares of the technology company's stock valued at $411,000 after buying an additional 44 shares during the last quarter. 58.96% of the stock is currently owned by hedge funds and other institutional investors.

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.