International Business Machines (NYSE:IBM) Shares Down 0.2% – Should You Sell?

International Business Machines Co. (NYSE:IBM) shares dropped 0.2% on Tuesday . The stock traded as low as $230.95 and last traded at $231.21. Approximately 546,019 shares were traded during trading, a decline of 87% from the average daily volume of 4,170,609 shares. The stock had previously closed at $231.75.

Wall Street Analyst Weigh In

IBM has been the subject of a number of research reports. Hsbc Global Res upgraded International Business Machines to a “moderate sell” rating in a research note on Friday, July 26th. DZ Bank lowered International Business Machines from a “buy” rating to a “hold” rating and set a $215.00 price objective for the company. in a research report on Wednesday, October 2nd. Jefferies Financial Group upped their price objective on International Business Machines from $200.00 to $245.00 and gave the stock a “hold” rating in a research note on Monday. Bernstein Bank raised their target price on International Business Machines from $185.00 to $210.00 and gave the company a “market perform” rating in a research note on Thursday, October 3rd. Finally, Stifel Nicolaus boosted their price target on shares of International Business Machines from $205.00 to $246.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. Three investment 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, the stock has a consensus rating of “Hold” and a consensus target price of $205.71.

International Business Machines Trading Up 0.1 %

The stock has a market cap of $213.01 billion, a price-to-earnings ratio of 26.18, a price-to-earnings-growth 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 company’s 50 day simple moving average is $213.04 and its two-hundred day simple moving average is $189.45.

International Business Machines (NYSE:IBM) last released its quarterly earnings data on Wednesday, July 24th. The technology company reported $2.43 earnings per share for the quarter, beating the consensus estimate of $2.16 by $0.27. The firm had revenue of $15.77 billion for the quarter, compared to analyst estimates of $15.62 billion. International Business Machines had a net margin of 13.52% and a return on equity of 40.59%. The company’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.18 EPS. Research analysts expect that International Business Machines Co. will post 10.1 EPS 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. Shareholders of record on Friday, August 9th were given a $1.67 dividend. This represents a $6.68 annualized dividend and a yield of 2.88%. The ex-dividend date was Friday, August 9th. International Business Machines’s dividend payout ratio is 75.65%.

Institutional Trading of International Business Machines

Several large investors have recently modified their holdings of the company. Litman Gregory Wealth Management LLC bought a new stake in International Business Machines in the third quarter valued at $397,000. Rebalance LLC boosted its position in International Business Machines by 18.7% in the third quarter. Rebalance LLC now owns 1,875 shares of the technology company’s stock valued at $415,000 after buying an additional 296 shares in the last quarter. TFG Advisers LLC raised its stake in shares of International Business Machines by 7.5% in the third quarter. TFG Advisers LLC now owns 10,794 shares of the technology company’s stock valued at $2,386,000 after acquiring an additional 751 shares during the last quarter. Asset Allocation & Management Company LLC acquired a new stake in shares of International Business Machines in the third quarter valued at $200,000. Finally, Commerzbank Aktiengesellschaft FI raised its stake in shares of International Business Machines by 173.6% in the third quarter. Commerzbank Aktiengesellschaft FI now owns 208,554 shares of the technology company’s stock worth $46,107,000 after acquiring an additional 132,341 shares during the last quarter. 58.96% of the stock is owned by institutional investors.

About International Business Machines

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.