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

International Business Machines Co. (NYSE:IBM)’s share price was down 0.2% on Tuesday . The company traded as low as $218.95 and last traded at $219.74. Approximately 340,830 shares changed hands during mid-day trading, a decline of 92% from the average daily volume of 4,201,905 shares. The stock had previously closed at $220.25.

Wall Street Analysts Forecast Growth

IBM has been the subject of a number of analyst reports. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $250.00 price target on shares of International Business Machines in a report on Thursday, October 24th. Stifel Nicolaus lifted their target price on International Business Machines from $205.00 to $246.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. UBS Group increased their price target on International Business Machines from $130.00 to $145.00 and gave the company a “sell” rating in a report on Wednesday, September 4th. Bank of America lifted 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. Finally, Morgan Stanley increased their target price on shares of International Business Machines from $208.00 to $222.00 and gave the company an “equal weight” rating in a research note on Monday, December 16th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, International Business Machines presently has an average rating of “Hold” and a consensus target price of $208.94.

International Business Machines Trading Down 0.5 %

The firm has a market capitalization of $202.70 billion, a P/E ratio of 31.91, a price-to-earnings-growth ratio of 5.18 and a beta of 0.73. The stock has a 50-day simple moving average of $221.08 and a two-hundred day simple moving average of $205.99. 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 released its quarterly earnings data on Wednesday, October 23rd. The technology company reported $2.30 earnings per share for the quarter, beating the consensus estimate of $2.27 by $0.03. The firm had revenue of $14.97 billion during the quarter, compared to the consensus estimate of $15.08 billion. International Business Machines had a return on equity of 40.52% and a net margin of 10.22%. The firm’s quarterly revenue was up 1.5% on a year-over-year basis. During the same period in the previous year, the company posted $2.20 earnings per share. On average, 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 disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Tuesday, November 12th were issued a dividend of $1.67 per share. This represents a $6.68 annualized dividend and a yield of 3.05%. The ex-dividend date was Tuesday, November 12th. International Business Machines’s payout ratio is 97.23%.

Insiders Place Their Bets

In other International Business Machines news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of the business’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $215.20, for a total value of $774,720.00. Following the completion of the transaction, the senior vice president now directly owns 25,390 shares in the company, valued at approximately $5,463,928. The trade was a 12.42 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.07% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Principal Financial Group Inc. increased its position in shares of International Business Machines by 4.5% during the third quarter. Principal Financial Group Inc. now owns 1,094,106 shares of the technology company’s stock worth $241,885,000 after purchasing an additional 46,951 shares in the last quarter. Lord Abbett & CO. LLC acquired a new position in International Business Machines during the 3rd quarter valued at about $24,761,000. Brass Tax Wealth Management Inc. purchased a new stake in International Business Machines in the third quarter valued at about $249,000. 1ST Source Bank boosted its holdings in International Business Machines by 0.6% in the third quarter. 1ST Source Bank now owns 31,244 shares of the technology company’s stock worth $6,907,000 after acquiring an additional 187 shares in the last quarter. Finally, Alternative Investment Advisors LLC. grew its stake in shares of International Business Machines by 3.0% during the third quarter. Alternative Investment Advisors LLC. now owns 10,660 shares of the technology company’s stock worth $2,357,000 after acquiring an additional 314 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.