International Business Machines (NYSE:IBM) Stock Price Down 1% – Time to Sell?

International Business Machines Co. (NYSE:IBM) traded down 1% during trading on Friday . The stock traded as low as $206.72 and last traded at $206.93. 690,104 shares traded hands during trading, a decline of 84% from the average session volume of 4,222,351 shares. The stock had previously closed at $208.99.

Analyst Ratings Changes

A number of equities analysts have issued reports on IBM shares. Evercore ISI increased their price target on International Business Machines from $215.00 to $240.00 and gave the stock an “outperform” rating in a report on Wednesday, September 11th. Morgan Stanley decreased their target price on International Business Machines from $217.00 to $208.00 and set an “equal weight” rating for the company in a research report on Thursday, October 24th. Bank of America upped their target price on International Business Machines from $209.00 to $250.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. The Goldman Sachs Group upped their price objective on shares of International Business Machines from $220.00 to $250.00 and gave the stock a “buy” rating in a report on Monday, September 30th. Finally, BMO Capital Markets increased their price objective on International Business Machines from $235.00 to $260.00 and gave the stock a “market perform” rating in a research note on Thursday, October 24th. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $208.12.

International Business Machines Stock Down 1.4 %

The firm has a market cap of $190.47 billion, a PE ratio of 30.12, a price-to-earnings-growth ratio of 4.74 and a beta of 0.71. The company has a current ratio of 1.06, a quick ratio of 1.01 and a debt-to-equity ratio of 2.16. The stock has a fifty day simple moving average of $218.70 and a two-hundred day simple moving average of $193.22.

International Business Machines (NYSE:IBM) last released its quarterly earnings results on Wednesday, October 23rd. The technology company reported $2.30 earnings per share for the quarter, beating analysts’ consensus estimates of $2.27 by $0.03. International Business Machines had a return on equity of 40.52% and a net margin of 10.22%. The business had revenue of $14.97 billion for the quarter, compared to the consensus estimate of $15.08 billion. During the same quarter last year, the business posted $2.20 earnings per share. The company’s revenue for the quarter was up 1.5% on a year-over-year basis. As a group, sell-side analysts expect that International Business Machines Co. will post 10.11 EPS for the current fiscal year.

International Business Machines Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Tuesday, November 12th will be paid a $1.67 dividend. The ex-dividend date of this dividend is Tuesday, November 12th. This represents a $6.68 dividend on an annualized basis and a yield of 3.24%. International Business Machines’s dividend payout ratio (DPR) is currently 97.23%.

Insiders Place Their Bets

In other International Business Machines news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of the stock in a transaction on Friday, November 8th. The stock was sold at an average price of $215.20, for a total value of $774,720.00. Following the completion of the transaction, the senior vice president now owns 25,390 shares in the company, valued at approximately $5,463,928. This represents a 12.42 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.07% of the company’s stock.

Hedge Funds Weigh In On International Business Machines

A number of institutional investors and hedge funds have recently made changes to their positions in the business. IHT Wealth Management LLC increased its position in International Business Machines by 28.0% during the 3rd quarter. IHT Wealth Management LLC now owns 19,829 shares of the technology company’s stock valued at $4,375,000 after buying an additional 4,332 shares in the last quarter. Janus Henderson Group PLC raised its position in shares of International Business Machines by 26.6% in the 3rd quarter. Janus Henderson Group PLC now owns 871,064 shares of the technology company’s stock worth $192,557,000 after purchasing an additional 183,141 shares during the last quarter. HighTower Advisors LLC boosted its stake in International Business Machines by 6.4% in the 3rd quarter. HighTower Advisors LLC now owns 1,423,795 shares of the technology company’s stock worth $314,762,000 after purchasing an additional 85,707 shares in the last quarter. Hilltop Holdings Inc. grew its position in International Business Machines by 14.8% during the 3rd quarter. Hilltop Holdings Inc. now owns 27,081 shares of the technology company’s stock valued at $5,987,000 after purchasing an additional 3,483 shares during the last quarter. Finally, Hollow Brook Wealth Management LLC bought a new stake in International Business Machines during the 3rd quarter valued at about $211,000. 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.