International Business Machines (NYSE:IBM) Trading Down 0.1% - Here's What Happened

International Business Machines Co. (NYSE:IBM - Get Free Report) shares fell 0.1% during trading on Thursday . The stock traded as low as $217.38 and last traded at $219.91. 572,737 shares traded hands during trading, a decline of 81% from the average session volume of 2,944,885 shares. The stock had previously closed at $220.03.

Analyst Ratings Changes

A number of research firms recently weighed in on IBM. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $250.00 target price on shares of International Business Machines in a research report on Thursday, October 24th. The Goldman Sachs Group lifted their target price on International Business Machines from $220.00 to $250.00 and gave the company a "buy" rating in a research report on Monday, September 30th. Bernstein Bank increased their price target on International Business Machines from $185.00 to $210.00 and gave the company a "market perform" rating in a research report on Thursday, October 3rd. DZ Bank lowered International Business Machines from a "buy" rating to a "hold" rating and set a $215.00 price target on the stock. in a research report on Wednesday, October 2nd. Finally, Bank of America increased their price objective on International Business Machines from $209.00 to $250.00 and gave the company a "buy" rating in a report on Wednesday, October 9th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $215.81.

International Business Machines Trading Up 0.8 %

The company has a debt-to-equity ratio of 2.16, a quick ratio of 1.01 and a current ratio of 1.06. The stock has a market capitalization of $205.02 billion, a price-to-earnings ratio of 32.29, a price-to-earnings-growth ratio of 4.71 and a beta of 0.74. The business has a fifty day simple moving average of $222.34 and a 200 day simple moving average of $210.16.

International Business Machines (NYSE:IBM - Get Free Report) last released its quarterly earnings results on Wednesday, October 23rd. The technology company reported $2.30 EPS for the quarter, topping analysts' consensus estimates of $2.27 by $0.03. The business had revenue of $14.97 billion for the quarter, compared to analyst estimates of $15.08 billion. International Business Machines had a net margin of 10.22% and a return on equity of 40.52%. International Business Machines's revenue for the quarter was up 1.5% compared to the same quarter last year. During the same period last year, the firm earned $2.20 earnings per share. As a group, research analysts expect that International Business Machines Co. will post 10.16 EPS for the current year.

International Business Machines Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Tuesday, November 12th were paid a $1.67 dividend. This represents a $6.68 annualized dividend and a dividend yield of 3.01%. The ex-dividend date was Tuesday, November 12th. International Business Machines's dividend payout ratio (DPR) is currently 97.23%.

Insider Buying and Selling

In other International Business Machines news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of the stock in a transaction dated 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 in the company, valued at $5,463,928. This represents a 12.42 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.07% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Hazlett Burt & Watson Inc. lifted its stake in International Business Machines by 1,054.5% during the third quarter. Hazlett Burt & Watson Inc. now owns 127 shares of the technology company's stock worth $29,000 after purchasing an additional 116 shares during the last quarter. Hara Capital LLC bought a new stake in shares of International Business Machines during the 3rd quarter worth $29,000. Avondale Wealth Management grew its position in International Business Machines by 56.0% in the fourth quarter. Avondale Wealth Management now owns 156 shares of the technology company's stock valued at $34,000 after acquiring an additional 56 shares during the last quarter. Oliver Lagore Vanvalin Investment Group acquired a new position in International Business Machines during the second quarter worth about $36,000. Finally, Modus Advisors LLC bought a new position in shares of International Business Machines in the fourth quarter worth about $40,000. 58.96% of the stock is owned by 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.

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