International Business Machines (NYSE:IBM) Shares Down 1.1% - Time to Sell?

Key Points

• Shares of International Business Machines (IBM) declined by 1.1%, closing at $239.91, with trading volume significantly lower than average.
• An analysis of research reports shows a consensus rating of "Hold" for IBM, with target prices ranging from $290.00 to $310.00 across various analysts.
• IBM's latest quarterly earnings report indicated an EPS of $2.80, surpassing analyst expectations and reflecting a 7.7% increase in revenue year-over-year.

Shares of International Business Machines Corporation (NYSE:IBM - Get Free Report) dropped 1.1% on Thursday . The company traded as low as $239.75 and last traded at $239.91. Approximately 607,862 shares traded hands during trading, a decline of 87% from the average daily volume of 4,721,106 shares. The stock had previously closed at $242.55.

Wall Street Analyst Weigh In

IBM has been the subject of a number of research reports. Stifel Nicolaus upped their price objective on shares of International Business Machines from $290.00 to $310.00 and gave the stock a "buy" rating in a research note on Wednesday, July 16th. Bank of America cut their target price on International Business Machines from $320.00 to $310.00 and set a "buy" rating for the company in a research note on Thursday, July 24th. Erste Group Bank lowered shares of International Business Machines from a "buy" rating to a "hold" rating in a report on Thursday, August 14th. BMO Capital Markets lifted their target price on International Business Machines from $260.00 to $300.00 and gave the company a "market perform" rating in a research report on Friday, July 18th. Finally, JPMorgan Chase & Co. boosted their price objective on International Business Machines from $244.00 to $290.00 and gave the stock a "neutral" rating in a research report on Thursday, July 24th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $268.75.

International Business Machines Price Performance

The company has a quick ratio of 0.87, a current ratio of 0.91 and a debt-to-equity ratio of 2.00. The company has a market cap of $222.71 billion, a price-to-earnings ratio of 38.91, a price-to-earnings-growth ratio of 3.71 and a beta of 0.69. The company has a fifty day simple moving average of $271.15 and a two-hundred day simple moving average of $258.32.

International Business Machines (NYSE:IBM - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The technology company reported $2.80 EPS for the quarter, beating analysts' consensus estimates of $2.65 by $0.15. International Business Machines had a return on equity of 37.62% and a net margin of 9.11%.The business had revenue of $16.98 billion for the quarter, compared to analyst estimates of $16.58 billion. During the same quarter last year, the company earned $2.43 earnings per share. The business's revenue for the quarter was up 7.7% compared to the same quarter last year. International Business Machines has set its FY 2025 guidance at EPS. On average, equities research analysts anticipate that International Business Machines Corporation will post 10.78 earnings per share for the current fiscal year.

Institutional Investors Weigh In On International Business Machines

Several hedge funds have recently modified their holdings of the stock. Family CFO Inc acquired a new position in shares of International Business Machines in the 2nd quarter worth approximately $25,000. Winnow Wealth LLC acquired a new position in shares of International Business Machines in the 2nd quarter worth approximately $27,000. Christopher J. Hasenberg Inc acquired a new position in shares of International Business Machines in the 1st quarter worth approximately $27,000. SSA Swiss Advisors AG acquired a new position in shares of International Business Machines in the 1st quarter worth approximately $28,000. Finally, Highline Wealth Partners LLC grew its stake in International Business Machines by 85.0% during the 2nd quarter. Highline Wealth Partners LLC now owns 111 shares of the technology company's stock worth $33,000 after buying an additional 51 shares during the last quarter. 58.96% of the stock is currently owned by hedge funds and other institutional investors.

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.

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