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

International Business Machines Co. (NYSE:IBM) fell 0.2% during trading on Thursday . The company traded as low as $213.00 and last traded at $213.09. 510,503 shares changed hands during mid-day trading, a decline of 88% from the average session volume of 4,235,434 shares. The stock had previously closed at $213.60.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. DZ Bank cut shares of International Business Machines from a “buy” rating to a “hold” rating and set a $215.00 price target on the stock. in a research note on Wednesday, October 2nd. Evercore ISI raised their price target on shares of International Business Machines from $215.00 to $240.00 and gave the company an “outperform” rating in a report on Wednesday, September 11th. Bernstein Bank boosted their price objective on shares of International Business Machines from $185.00 to $210.00 and gave the company a “market perform” rating in a report on Thursday, October 3rd. StockNews.com cut shares of International Business Machines from a “buy” rating to a “hold” rating in a report on Friday, October 25th. Finally, The Goldman Sachs Group boosted their target price on shares of International Business Machines from $220.00 to $250.00 and gave the company a “buy” rating in a research note on Monday, September 30th. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $208.12.

International Business Machines Price Performance

The firm has a market capitalization of $197.69 billion, a P/E ratio of 31.02, a price-to-earnings-growth ratio of 4.64 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 firm has a 50 day moving average price of $217.49 and a 200-day moving average price of $191.86.

International Business Machines (NYSE:IBM) last issued 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 return on equity of 40.52% and a net margin of 10.22%. The company had revenue of $14.97 billion during the quarter, compared to the consensus estimate of $15.08 billion. During the same period last year, the company earned $2.20 earnings per share. International Business Machines’s revenue was up 1.5% on a year-over-year basis. On average, analysts expect that International Business Machines Co. will post 10.11 earnings per share for the current year.

International Business Machines Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Tuesday, November 12th will be issued a dividend of $1.67 per share. The ex-dividend date is Tuesday, November 12th. This represents a $6.68 annualized dividend and a yield of 3.12%. International Business Machines’s payout ratio is 97.23%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of IBM. Hazlett Burt & Watson Inc. increased its holdings in International Business Machines by 1,054.5% during the third quarter. Hazlett Burt & Watson Inc. now owns 127 shares of the technology company’s stock valued at $29,000 after buying an additional 116 shares during the period. Hara Capital LLC purchased a new position in shares of International Business Machines in the 3rd quarter valued at $29,000. FPC Investment Advisory Inc. bought a new position in shares of International Business Machines in the 1st quarter worth $26,000. ESL Trust Services LLC purchased a new stake in shares of International Business Machines during the 1st quarter worth $28,000. Finally, Capital Performance Advisors LLP bought a new stake in shares of International Business Machines in the 3rd quarter valued at about $43,000. 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.