International Business Machines (NYSE:IBM) Shares Down 0.2% – Time to Sell?

International Business Machines Co. (NYSE:IBM)’s share price traded down 0.2% during trading on Tuesday . The stock traded as low as $214.61 and last traded at $217.04. 863,560 shares were traded during mid-day trading, a decline of 70% from the average session volume of 2,890,355 shares. The stock had previously closed at $217.40.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. UBS Group upped their price target on International Business Machines from $150.00 to $160.00 and gave the company a “sell” rating in a research report on Tuesday. BMO Capital Markets upped their target price on International Business Machines from $235.00 to $260.00 and gave the company a “market perform” rating in a report on Thursday, October 24th. Morgan Stanley upped their price target on shares of International Business Machines from $208.00 to $222.00 and gave the stock an “equal weight” rating in a research note on Monday, December 16th. Bank of America boosted their target price on International Business Machines from $209.00 to $250.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $250.00 target price on shares of International Business Machines in a research report on Thursday, October 24th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, International Business Machines has a consensus rating of “Hold” and a consensus target price of $215.81.

International Business Machines Stock Up 1.1 %

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 firm’s fifty day moving average is $222.47 and its 200 day moving average is $210.23. The stock has a market cap of $205.77 billion, a P/E ratio of 32.39, a P/E/G ratio of 4.71 and a beta of 0.74.

International Business Machines (NYSE:IBM) last posted its quarterly earnings data on Wednesday, October 23rd. The technology company reported $2.30 earnings per share for the quarter, topping the consensus estimate of $2.27 by $0.03. The business had revenue of $14.97 billion during the quarter, compared to analysts’ expectations of $15.08 billion. International Business Machines had a return on equity of 40.52% and a net margin of 10.22%. The firm’s revenue was up 1.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.20 EPS. As a group, equities research analysts forecast that International Business Machines Co. will post 10.16 EPS for the current year.

International Business Machines Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Tuesday, November 12th were paid a $1.67 dividend. The ex-dividend date of this dividend was Tuesday, November 12th. This represents a $6.68 annualized dividend and a dividend yield of 3.00%. International Business Machines’s payout ratio is 97.23%.

Insider Buying and Selling

In other International Business Machines news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of the firm’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $215.20, for a total value of $774,720.00. Following the sale, the senior vice president now directly owns 25,390 shares in the company, valued at $5,463,928. This trade represents a 12.42 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.07% of the stock is currently owned by insiders.

Institutional Investors Weigh In On International Business Machines

Hedge funds have recently made changes to their positions in the stock. Massachusetts Financial Services Co. MA increased its position in shares of International Business Machines by 13.5% during the second quarter. Massachusetts Financial Services Co. MA now owns 77,189 shares of the technology company’s stock valued at $13,350,000 after purchasing an additional 9,155 shares during the period. One Capital Management LLC increased its holdings in International Business Machines by 44.7% in the 2nd quarter. One Capital Management LLC now owns 2,905 shares of the technology company’s stock valued at $502,000 after buying an additional 898 shares during the period. Financial & Tax Architects LLC raised its stake in shares of International Business Machines by 7.4% in the 2nd quarter. Financial & Tax Architects LLC now owns 36,823 shares of the technology company’s stock valued at $6,369,000 after buying an additional 2,522 shares in the last quarter. Bradley Foster & Sargent Inc. CT lifted its holdings in shares of International Business Machines by 3.2% during the 2nd quarter. Bradley Foster & Sargent Inc. CT now owns 88,495 shares of the technology company’s stock worth $15,305,000 after acquiring an additional 2,715 shares during the period. Finally, Wealth Alliance boosted its position in shares of International Business Machines by 4.3% during the 2nd quarter. Wealth Alliance now owns 5,945 shares of the technology company’s stock valued at $1,028,000 after acquiring an additional 245 shares in the last quarter. Institutional investors own 58.96% of the company’s stock.

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.