International Business Machines (NYSE:IBM) Trading Down 1.3% - Here's What Happened

International Business Machines Co. (NYSE:IBM - Get Free Report)'s stock price traded down 1.3% during trading on Thursday . The stock traded as low as $246.01 and last traded at $246.35. 791,158 shares were traded during trading, a decline of 80% from the average session volume of 3,899,496 shares. The stock had previously closed at $249.63.

Analyst Ratings Changes

IBM has been the topic of several analyst reports. Morgan Stanley boosted their price objective on shares of International Business Machines from $217.00 to $228.00 and gave the stock an "equal weight" rating in a research note on Thursday, January 30th. UBS Group lifted their target price 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. Sanford C. Bernstein lifted their price objective on International Business Machines from $210.00 to $215.00 and gave the stock a "market perform" rating in a research report on Friday, January 3rd. 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. Finally, The Goldman Sachs Group reiterated a "buy" rating on shares of International Business Machines in a research note on Wednesday, February 5th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, International Business Machines currently has an average rating of "Hold" and an average target price of $231.44.

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International Business Machines Stock Down 2.3 %

The company has a market cap of $226.03 billion, a P/E ratio of 38.00, a price-to-earnings-growth 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 stock has a fifty day moving average price of $243.21 and a two-hundred day moving average price of $227.58.

International Business Machines (NYSE:IBM - Get Free Report) last issued its quarterly earnings data on Wednesday, January 29th. The technology company reported $3.92 earnings per share for the quarter, beating the consensus estimate 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 EPS for the current year.

International Business Machines Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Monday, February 10th were paid a $1.67 dividend. The ex-dividend date of this dividend was Monday, February 10th. This represents a $6.68 annualized dividend and a yield of 2.74%. International Business Machines's dividend payout ratio (DPR) is 104.21%.

Insider Transactions at International Business Machines

In related news, SVP Robert David Thomas sold 26,543 shares of International Business Machines stock in a transaction on 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 sale, the senior vice president now directly owns 45,007 shares in the company, valued at approximately $11,387,221.07. This trade represents a 37.10 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.07% of the company's stock.

Institutional Investors Weigh In On International Business Machines

A number of hedge funds have recently made changes to their positions in IBM. Compass Financial Services Inc purchased a new position in International Business Machines in the fourth quarter valued at about $26,000. Vision Financial Markets LLC purchased a new position in International Business Machines in the fourth quarter valued at approximately $31,000. Avondale Wealth Management grew its holdings in International Business Machines by 56.0% during the fourth quarter. Avondale Wealth Management now owns 156 shares of the technology company's stock valued at $34,000 after purchasing an additional 56 shares during the period. Valued Wealth Advisors LLC increased its position in International Business Machines by 134.3% in the fourth quarter. Valued Wealth Advisors LLC now owns 157 shares of the technology company's stock worth $35,000 after buying an additional 90 shares during the last quarter. Finally, Rialto Wealth Management LLC purchased a new position in shares of International Business Machines during the 4th quarter valued at $35,000. 58.96% of the stock is currently 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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