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% on Monday . The stock traded as low as $225.51 and last traded at $226.92. 549,223 shares changed hands during mid-day trading, a decline of 87% from the average session volume of 4,223,279 shares. The stock had previously closed at $227.41.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Jefferies Financial Group upped their target price on shares of International Business Machines from $200.00 to $245.00 and gave the stock a “hold” rating in a research report on Monday, October 21st. Bernstein Bank upped their target price on shares of International Business Machines from $185.00 to $210.00 and gave the stock a “market perform” rating in a research report on Thursday, October 3rd. UBS Group upped their target price on shares of International Business Machines from $130.00 to $145.00 and gave the stock a “sell” rating in a research report on Wednesday, September 4th. Bank of America upped their target price on shares of International Business Machines from $209.00 to $250.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. Finally, Stifel Nicolaus upped their target price on shares of International Business Machines from $205.00 to $246.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $208.12.

International Business Machines Trading Up 2.0 %

The company has a market capitalization of $215.90 billion, a P/E ratio of 33.33, a P/E/G ratio of 5.11 and a beta of 0.73. The stock’s 50 day moving average is $220.92 and its 200-day moving average is $198.52. The company has a debt-to-equity ratio of 2.16, a current ratio of 1.06 and a quick ratio of 1.01.

International Business Machines (NYSE:IBM) last released its quarterly earnings results on Wednesday, October 23rd. The technology company reported $2.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.27 by $0.03. International Business Machines had a net margin of 10.22% and a return on equity of 40.52%. The company had revenue of $14.97 billion during the quarter, compared to the consensus estimate of $15.08 billion. During the same period in the prior year, the firm earned $2.20 earnings per share. International Business Machines’s revenue was up 1.5% on a year-over-year basis. As a group, equities research analysts anticipate that International Business Machines Co. will post 10.12 earnings per share for the current year.

International Business Machines Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Tuesday, November 12th will be paid a dividend of $1.67 per share. This represents a $6.68 dividend on an annualized basis and a dividend yield of 2.86%. The ex-dividend date is Tuesday, November 12th. International Business Machines’s dividend payout ratio is 97.23%.

Insider Buying and Selling at International Business Machines

In other news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of the stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $215.20, for a total transaction of $774,720.00. Following the sale, the senior vice president now owns 25,390 shares in the company, valued at $5,463,928. This represents a 12.42 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.07% of the company’s stock.

Institutional Investors Weigh In On International Business Machines

A number of institutional investors have recently made changes to their positions in the company. Oddo BHF Asset Management Sas purchased a new stake in shares of International Business Machines during the third quarter valued at approximately $5,396,000. Capasso Planning Partners LLC grew its holdings in shares of International Business Machines by 31.8% during the third quarter. Capasso Planning Partners LLC now owns 4,737 shares of the technology company’s stock valued at $1,047,000 after buying an additional 1,144 shares during the last quarter. Inspire Trust Co. N.A. grew its holdings in shares of International Business Machines by 6.4% during the third quarter. Inspire Trust Co. N.A. now owns 16,525 shares of the technology company’s stock valued at $3,653,000 after buying an additional 1,000 shares during the last quarter. Old North State Trust LLC grew its holdings in shares of International Business Machines by 13.6% during the third quarter. Old North State Trust LLC now owns 4,399 shares of the technology company’s stock valued at $973,000 after buying an additional 525 shares during the last quarter. Finally, Franklin Resources Inc. boosted its holdings in International Business Machines by 22.9% in the third quarter. Franklin Resources Inc. now owns 1,622,432 shares of the technology company’s stock worth $381,683,000 after purchasing an additional 302,675 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.