International Business Machines (NYSE:IBM) Stock Price Down 0.6% - Time to Sell?

Shares of International Business Machines Co. (NYSE:IBM - Get Free Report) were down 0.6% during trading on Friday . The stock traded as low as $230.52 and last traded at $231.51. Approximately 791,457 shares traded hands during trading, a decline of 81% from the average daily volume of 4,176,244 shares. The stock had previously closed at $232.88.

Wall Street Analyst Weigh In

Several analysts have recently commented on IBM shares. The Goldman Sachs Group raised their price objective on shares of International Business Machines from $220.00 to $250.00 and gave the stock a "buy" rating in a research report on Monday, September 30th. Jefferies Financial Group increased their target price on International Business Machines from $190.00 to $200.00 and gave the stock a "hold" rating in a report on Thursday, July 25th. Hsbc Global Res upgraded International Business Machines to a "moderate sell" rating in a report on Friday, July 26th. Stifel Nicolaus increased their target price on International Business Machines from $205.00 to $246.00 and gave the stock a "buy" rating in a report on Wednesday. Finally, Royal Bank of Canada increased their target price on International Business Machines from $211.00 to $250.00 and gave the stock an "outperform" rating in a report on Thursday, October 10th. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $203.06.

International Business Machines Stock Down 0.3 %

The company has a market capitalization of $213.32 billion, a P/E ratio of 26.22, a PEG ratio of 5.21 and a beta of 0.70. The company has a debt-to-equity ratio of 2.20, a quick ratio of 1.08 and a current ratio of 1.12. The stock has a 50 day moving average price of $211.38 and a 200 day moving average price of $188.85.

International Business Machines (NYSE:IBM - Get Free Report) last released its earnings results on Wednesday, July 24th. The technology company reported $2.43 EPS for the quarter, topping analysts' consensus estimates of $2.16 by $0.27. The company had revenue of $15.77 billion for the quarter, compared to analysts' expectations of $15.62 billion. International Business Machines had a return on equity of 40.59% and a net margin of 13.52%. The business's revenue for the quarter was up 1.9% compared to the same quarter last year. During the same period in the previous year, the business posted $2.18 EPS. Equities research analysts forecast that International Business Machines Co. will post 10.1 earnings per share for the current fiscal year.

International Business Machines Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Friday, August 9th were paid a dividend of $1.67 per share. This represents a $6.68 dividend on an annualized basis and a dividend yield of 2.88%. The ex-dividend date was Friday, August 9th. International Business Machines's payout ratio is 75.65%.

Institutional Investors Weigh In On International Business Machines

Several large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in International Business Machines by 6.7% in the 1st quarter. Vanguard Group Inc. now owns 88,152,714 shares of the technology company's stock worth $16,833,642,000 after acquiring an additional 5,546,855 shares during the last quarter. Legal & General Group Plc increased its holdings in International Business Machines by 4.1% in the 2nd quarter. Legal & General Group Plc now owns 8,487,827 shares of the technology company's stock worth $1,467,974,000 after acquiring an additional 330,694 shares during the last quarter. Ameriprise Financial Inc. increased its holdings in International Business Machines by 6.4% in the 2nd quarter. Ameriprise Financial Inc. now owns 7,366,715 shares of the technology company's stock worth $1,274,074,000 after acquiring an additional 444,698 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in International Business Machines by 6.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,796,206 shares of the technology company's stock worth $829,431,000 after acquiring an additional 304,390 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD increased its holdings in International Business Machines by 151.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,515,666 shares of the technology company's stock worth $671,352,000 after acquiring an additional 2,118,165 shares during the last quarter. Hedge funds and other 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.