International Business Machines (NYSE:IBM) Trading Down 0.4% - Should You Sell?

Shares of International Business Machines Co. (NYSE:IBM - Get Free Report) were down 0.4% during trading on Tuesday . The stock traded as low as $211.04 and last traded at $212.12. Approximately 969,335 shares were traded during trading, a decline of 77% from the average daily volume of 4,233,209 shares. The stock had previously closed at $212.91.

Analysts Set New Price Targets

IBM has been the topic of a number of recent analyst reports. Hsbc Global Res upgraded shares of International Business Machines to a "moderate sell" rating in a report on Friday, July 26th. Jefferies Financial Group raised their price target on International Business Machines from $200.00 to $245.00 and gave the stock a "hold" rating in a research note on Monday, October 21st. Bank of America increased their target price on International Business Machines from $209.00 to $250.00 and gave the company a "buy" rating in a report on Wednesday, October 9th. UBS Group lifted their price target on shares of International Business Machines from $130.00 to $145.00 and gave the stock a "sell" rating in a research note on Wednesday, September 4th. Finally, The Goldman Sachs Group boosted their price objective on International Business Machines from $220.00 to $250.00 and gave the company a "buy" rating in a research note on Monday, September 30th. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $208.12.

International Business Machines Price Performance

The firm has a market cap of $193.30 billion, a P/E ratio of 24.02, a PEG ratio of 4.84 and a beta of 0.70. The company has a debt-to-equity ratio of 2.20, a current ratio of 1.12 and a quick ratio of 1.08. The stock's 50-day simple moving average is $215.94 and its two-hundred day simple moving average is $190.65.

International Business Machines (NYSE:IBM - Get Free Report) last posted its quarterly earnings data on Wednesday, October 23rd. The technology company reported $2.30 earnings per share for the quarter, topping analysts' consensus estimates of $2.27 by $0.03. The company 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 13.52% and a return on equity of 40.59%. The firm's revenue for the quarter was up 1.5% on a year-over-year basis. During the same period in the prior year, the company posted $2.20 EPS. Equities research analysts forecast that International Business Machines Co. will post 10.13 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Susquehanna Fundamental Investments LLC purchased a new position in shares of International Business Machines during the second quarter worth approximately $7,160,000. Smith Thornton Advisors LLC bought a new stake in International Business Machines during the 2nd quarter valued at $702,000. Retirement Planning Group LLC bought a new position in shares of International Business Machines during the 3rd quarter worth $618,000. GAMMA Investing LLC increased its stake in shares of International Business Machines by 42.4% during the second quarter. GAMMA Investing LLC now owns 9,370 shares of the technology company's stock valued at $1,621,000 after buying an additional 2,788 shares during the period. Finally, Anderson Hoagland & Co. purchased a new stake in International Business Machines in the third quarter worth about $4,050,000. 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.