International Business Machines (NYSE:IBM) Trading Down 0.8% - Time to Sell?

International Business Machines Co. (NYSE:IBM - Get Free Report) fell 0.8% on Monday . The company traded as low as $221.42 and last traded at $221.52. 701,049 shares traded hands during mid-day trading, a decline of 83% from the average session volume of 4,242,197 shares. The stock had previously closed at $223.36.

Analyst Ratings Changes

Several analysts have issued reports on IBM shares. Morgan Stanley lifted their price target on International Business Machines from $208.00 to $222.00 and gave the company an "equal weight" rating in a research note on Monday, December 16th. BMO Capital Markets lifted their price objective on shares of International Business Machines from $235.00 to $260.00 and gave the company a "market perform" rating in a report on Thursday, October 24th. Evercore ISI raised their target price on shares of International Business Machines from $215.00 to $240.00 and gave the company an "outperform" rating in a research report on Wednesday, September 11th. Jefferies Financial Group increased their price objective on shares of International Business Machines from $200.00 to $245.00 and gave the stock a "hold" rating in a research note on Monday, October 21st. Finally, UBS Group upped their target price on International Business Machines from $130.00 to $145.00 and gave the stock a "sell" rating in a report on Wednesday, September 4th. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $208.94.

International Business Machines Stock Performance

The company has a quick ratio of 1.01, a current ratio of 1.06 and a debt-to-equity ratio of 2.16. The company has a market cap of $205.21 billion, a P/E ratio of 32.30, a price-to-earnings-growth ratio of 5.17 and a beta of 0.73. The stock has a 50 day moving average price of $222.05 and a two-hundred day moving average price of $204.08.

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, beating the consensus estimate of $2.27 by $0.03. International Business Machines had a net margin of 10.22% and a return on equity of 40.52%. The business had revenue of $14.97 billion for the quarter, compared to the consensus estimate of $15.08 billion. During the same period in the prior year, the company posted $2.20 earnings per share. International Business Machines's revenue was up 1.5% compared to the same quarter last year. On average, research analysts predict that International Business Machines Co. will post 10.12 earnings per share 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. Investors of record on Tuesday, November 12th were given a dividend of $1.67 per share. This represents a $6.68 dividend on an annualized basis and a yield of 3.01%. The ex-dividend date was Tuesday, November 12th. International Business Machines's dividend payout ratio is currently 97.23%.

Insider Buying and Selling at International Business Machines

In other International Business Machines news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of the firm's stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $215.20, for a total value of $774,720.00. Following the transaction, the senior vice president now directly owns 25,390 shares of the company's stock, valued at $5,463,928. This trade represents a 12.42 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.07% of the company's stock.

Institutional Trading of International Business Machines

Several large investors have recently made changes to their positions in the company. Meeder Asset Management Inc. increased its stake in shares of International Business Machines by 40.9% in the 3rd quarter. Meeder Asset Management Inc. now owns 572 shares of the technology company's stock valued at $126,000 after purchasing an additional 166 shares during the last quarter. Susquehanna Fundamental Investments LLC bought a new position in shares of International Business Machines in the second quarter worth about $7,160,000. Philip James Wealth Mangement LLC acquired a new stake in shares of International Business Machines in the 3rd quarter valued at approximately $5,117,000. Lord Abbett & CO. LLC acquired a new position in International Business Machines during the 3rd quarter worth approximately $24,761,000. Finally, Aljian Capital Management LLC bought a new position in International Business Machines in the 3rd quarter valued at approximately $611,000. Institutional investors and hedge funds 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.