International Business Machines (NYSE:IBM) Trading Down 0% - What's Next?

International Business Machines Co. (NYSE:IBM - Get Free Report)'s share price dropped 0% on Thursday . The stock traded as low as $218.87 and last traded at $219.79. Approximately 481,532 shares traded hands during mid-day trading, a decline of 89% from the average daily volume of 4,209,730 shares. The stock had previously closed at $219.83.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. UBS Group boosted their price objective on International Business Machines from $130.00 to $145.00 and gave the stock a "sell" rating in a report on Wednesday, September 4th. Evercore ISI upped their price objective on 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 target price on shares of 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. Morgan Stanley raised their price target on shares of International Business Machines from $208.00 to $222.00 and gave the stock an "equal weight" rating in a research report on Monday, December 16th. Finally, The Goldman Sachs Group boosted their price objective on shares of International Business Machines from $220.00 to $250.00 and gave the company a "buy" rating in a report on Monday, September 30th. Three 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. Based on data from MarketBeat.com, International Business Machines currently has an average rating of "Hold" and an average price target of $208.94.

International Business Machines Stock Up 0.1 %

The firm has a market capitalization of $203.37 billion, a price-to-earnings ratio of 32.01, a P/E/G ratio of 5.18 and a beta of 0.73. The stock has a fifty day moving average of $220.34 and a two-hundred day moving average of $206.80. The company has a debt-to-equity ratio of 2.16, a current ratio of 1.06 and a quick ratio of 1.01.

International Business Machines (NYSE:IBM - Get Free Report) last posted its quarterly earnings data on Wednesday, October 23rd. The technology company reported $2.30 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 for the quarter, compared to analyst estimates of $15.08 billion. During the same period in the previous year, the firm earned $2.20 earnings per share. The firm's quarterly revenue was up 1.5% on a year-over-year basis. Sell-side 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. Stockholders of record on Tuesday, November 12th were paid a $1.67 dividend. This represents a $6.68 dividend on an annualized basis and a dividend yield of 3.04%. The ex-dividend date was Tuesday, November 12th. International Business Machines's dividend payout ratio is 97.23%.

Insider Buying and Selling

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

Institutional Trading of International Business Machines

A number of hedge funds have recently bought and sold shares of the business. Hazlett Burt & Watson Inc. boosted its position in shares of International Business Machines by 1,054.5% in the third quarter. Hazlett Burt & Watson Inc. now owns 127 shares of the technology company's stock valued at $29,000 after acquiring an additional 116 shares during the period. Hara Capital LLC bought a new stake in shares of International Business Machines in the 3rd quarter worth approximately $29,000. Oliver Lagore Vanvalin Investment Group bought a new stake in International Business Machines in the second quarter worth $36,000. Capital Performance Advisors LLP purchased a new stake in International Business Machines during the third quarter valued at about $43,000. Finally, Mowery & Schoenfeld Wealth Management LLC grew its stake in shares of International Business Machines by 47.2% during the third quarter. Mowery & Schoenfeld Wealth Management LLC now owns 240 shares of the technology company's stock valued at $53,000 after buying an additional 77 shares during the last quarter. 58.96% of the stock is currently owned by 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.