International Business Machines (NYSE:IBM) Trading Down 0.2% – What’s Next?

International Business Machines Co. (NYSE:IBM)’s share price fell 0.2% during trading on Tuesday . The stock traded as low as $214.61 and last traded at $217.04. 863,560 shares changed hands during 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 equities research analysts have weighed in on IBM shares. The Goldman Sachs Group increased their target price 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. Morgan Stanley increased their price objective on International Business Machines from $208.00 to $222.00 and gave the stock an “equal weight” rating in a report on Monday, December 16th. Sanford C. Bernstein increased their target price on shares of International Business Machines from $210.00 to $215.00 and gave the stock a “market perform” rating in a report on Friday, January 3rd. Royal Bank of Canada reiterated an “outperform” rating and set a $250.00 price objective on shares of International Business Machines in a research note on Thursday, October 24th. Finally, Jefferies Financial Group lifted their price target on International Business Machines from $200.00 to $245.00 and gave the stock a “hold” rating in a report on Monday, October 21st. Two equities research 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. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $215.81.

International Business Machines Stock Down 0.6 %

The firm has a market capitalization of $199.87 billion, a PE ratio of 31.46, a PEG ratio of 5.18 and a beta of 0.74. 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 business’s 50 day simple moving average is $222.14 and its 200 day simple moving average is $209.84.

International Business Machines (NYSE:IBM) last released its quarterly earnings data on Wednesday, October 23rd. The technology company reported $2.30 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analysts’ expectations of $15.08 billion. During the same period in the previous year, the company earned $2.20 EPS. The firm’s quarterly revenue was up 1.5% on a year-over-year basis. On average, equities research analysts forecast 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 was paid on Tuesday, December 10th. Investors of record on Tuesday, November 12th were given a dividend of $1.67 per share. This represents a $6.68 annualized dividend and a yield of 3.09%. The ex-dividend date was Tuesday, November 12th. International Business Machines’s dividend payout ratio is currently 97.23%.

Insider Activity

In related news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of the company’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $215.20, for a total transaction of $774,720.00. Following the completion of the transaction, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.07% of the company’s stock.

Hedge Funds Weigh In On International Business Machines

Several hedge funds and other institutional investors have recently made changes to their positions in IBM. Burney Co. grew its holdings in International Business Machines by 1.8% in the 4th quarter. Burney Co. now owns 18,640 shares of the technology company’s stock valued at $4,098,000 after buying an additional 337 shares in the last quarter. Apella Capital LLC increased its holdings in shares of International Business Machines by 3.1% during the 4th quarter. Apella Capital LLC now owns 4,948 shares of the technology company’s stock worth $1,088,000 after buying an additional 149 shares during the last quarter. S.E.E.D. Planning Group LLC increased its stake in International Business Machines by 2.0% during the fourth quarter. S.E.E.D. Planning Group LLC now owns 6,348 shares of the technology company’s stock worth $1,396,000 after acquiring an additional 126 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. raised its position in International Business Machines by 8.7% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 6,705 shares of the technology company’s stock valued at $1,475,000 after purchasing an additional 534 shares during the period. Finally, Park Avenue Securities LLC lifted its stake in shares of International Business Machines by 14.5% in the 4th quarter. Park Avenue Securities LLC now owns 20,024 shares of the technology company’s stock valued at $4,402,000 after purchasing an additional 2,529 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.