International Business Machines (NYSE:IBM) Stock Price Down 1.1% – Time to Sell?

International Business Machines Co. (NYSE:IBM)’s share price was down 1.1% on Monday . The company traded as low as $214.75 and last traded at $217.23. Approximately 835,028 shares were traded during trading, a decline of 70% from the average daily volume of 2,785,630 shares. The stock had previously closed at $219.75.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Stifel Nicolaus lifted 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. BMO Capital Markets boosted their price target on International Business Machines from $235.00 to $260.00 and gave the company a “market perform” rating in a research report on Thursday, October 24th. Morgan Stanley raised 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. Royal Bank of Canada reissued an “outperform” rating and set a $250.00 target price on shares of International Business Machines in a research report on Thursday, October 24th. Finally, Bank of America boosted their price objective on shares of International Business Machines from $209.00 to $250.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $215.81.

International Business Machines Price Performance

The company has a market cap of $203.49 billion, a P/E ratio of 32.03, a P/E/G ratio of 5.18 and a beta of 0.74. The company’s 50-day moving average price is $222.34 and its two-hundred day moving average price is $210.16. The company has a current ratio of 1.06, a quick ratio of 1.01 and a debt-to-equity ratio of 2.16.

International Business Machines (NYSE:IBM) last announced 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 return on equity of 40.52% and a net margin of 10.22%. The firm had revenue of $14.97 billion for the quarter, compared to analysts’ expectations of $15.08 billion. During the same quarter in the prior year, the firm posted $2.20 earnings per share. International Business Machines’s revenue for the quarter was up 1.5% compared to the same quarter last year. As a group, sell-side analysts expect that International Business Machines Co. will post 10.12 earnings per share for the current year.

International Business Machines Announces Dividend

The firm also recently disclosed 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 dividend on an annualized basis and a dividend yield of 3.04%. The ex-dividend date of this dividend was Tuesday, November 12th. International Business Machines’s dividend payout ratio is presently 97.23%.

Insider Buying and Selling

In other International Business Machines news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of the company’s 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 transaction, the senior vice president now owns 25,390 shares of the company’s stock, valued at approximately $5,463,928. This represents a 12.42 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.07% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Brown Brothers Harriman & Co. raised its position in International Business Machines by 12.2% during the second quarter. Brown Brothers Harriman & Co. now owns 43,394 shares of the technology company’s stock valued at $7,505,000 after buying an additional 4,705 shares during the period. Massachusetts Financial Services Co. MA increased its holdings in shares of International Business Machines by 13.5% in the 2nd 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. Mesirow Financial Investment Management Inc. lifted its position in shares of International Business Machines by 4.0% in the second quarter. Mesirow Financial Investment Management Inc. now owns 24,331 shares of the technology company’s stock worth $4,210,000 after purchasing an additional 931 shares in the last quarter. One Capital Management LLC boosted its holdings in shares of International Business Machines by 44.7% during the second quarter. One Capital Management LLC now owns 2,905 shares of the technology company’s stock worth $502,000 after purchasing an additional 898 shares during the period. Finally, Citizens Financial Group Inc. RI grew its position in International Business Machines by 12.5% during the second quarter. Citizens Financial Group Inc. RI now owns 14,513 shares of the technology company’s stock valued at $2,510,000 after purchasing an additional 1,612 shares in the last quarter. 58.96% of the stock is owned by hedge funds and other institutional investors.

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.