International Business Machines (NYSE:IBM) Shares Down 0.4% – Should You Sell?

International Business Machines Co. (NYSE:IBM) shares were down 0.4% during trading on Tuesday . The company traded as low as $211.04 and last traded at $212.12. Approximately 969,335 shares changed hands during trading, a decline of 77% from the average daily volume of 4,233,209 shares. The stock had previously closed at $212.91.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on IBM. DZ Bank cut shares of International Business Machines from a “buy” rating to a “hold” rating and set a $215.00 price objective on the stock. in a report on Wednesday, October 2nd. UBS Group increased their target price on shares of International Business Machines from $130.00 to $145.00 and gave the company a “sell” rating in a research note on Wednesday, September 4th. Bernstein Bank increased their price target on International Business Machines from $185.00 to $210.00 and gave the company a “market perform” rating in a research report on Thursday, October 3rd. Hsbc Global Res upgraded shares of International Business Machines to a “moderate sell” rating in a research report on Friday, July 26th. Finally, The Goldman Sachs Group lifted their target price on 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 research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $208.12.

International Business Machines Stock Up 0.9 %

The company has a current ratio of 1.12, a quick ratio of 1.08 and a debt-to-equity ratio of 2.20. The stock has a market cap of $189.89 billion, a P/E ratio of 23.31, a PEG ratio of 4.84 and a beta of 0.70. The firm has a 50-day simple moving average of $216.38 and a two-hundred day simple moving average of $190.95.

International Business Machines (NYSE:IBM) last issued its quarterly earnings results on Wednesday, October 23rd. The technology company reported $2.30 EPS for the quarter, topping analysts’ consensus estimates of $2.27 by $0.03. The company had revenue of $14.97 billion for the quarter, compared to analysts’ expectations of $15.08 billion. International Business Machines had a return on equity of 40.59% and a net margin of 13.52%. International Business Machines’s revenue was up 1.5% on a year-over-year basis. During the same quarter last year, the business earned $2.20 earnings per share. Equities research analysts expect that International Business Machines Co. will post 10.13 earnings per share for the current fiscal year.

International Business Machines Announces Dividend

The business 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. This represents a $6.68 annualized dividend and a dividend yield of 3.23%. The ex-dividend date is Tuesday, November 12th. International Business Machines’s dividend payout ratio (DPR) is presently 75.65%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in IBM. Kovack Advisors Inc. grew its stake in shares of International Business Machines by 31.7% in the 1st quarter. Kovack Advisors Inc. now owns 8,652 shares of the technology company’s stock valued at $1,652,000 after buying an additional 2,084 shares during the period. Everett Harris & Co. CA grew its stake in International Business Machines by 4.7% during the first quarter. Everett Harris & Co. CA now owns 3,882 shares of the technology company’s stock valued at $741,000 after acquiring an additional 175 shares in the last quarter. Norden Group LLC increased its holdings in shares of International Business Machines by 16.3% in the first quarter. Norden Group LLC now owns 5,880 shares of the technology company’s stock worth $1,123,000 after purchasing an additional 824 shares during the period. Consolidated Portfolio Review Corp purchased a new stake in shares of International Business Machines in the 1st quarter valued at about $234,000. Finally, Private Advisor Group LLC raised its stake in International Business Machines by 5.6% in the first quarter. Private Advisor Group LLC now owns 164,921 shares of the technology company’s stock valued at $31,493,000 after purchasing an additional 8,705 shares in the last quarter. 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.