International Business Machines (NYSE:IBM) Stock Price Down 0.2% - Here's Why

International Business Machines Co. (NYSE:IBM - Get Free Report) shares were down 0.2% on Monday . The company traded as low as $225.51 and last traded at $226.92. Approximately 549,223 shares changed hands during mid-day trading, a decline of 87% from the average daily volume of 4,223,279 shares. The stock had previously closed at $227.41.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on IBM shares. Bank of America lifted their price objective on shares of International Business Machines from $209.00 to $250.00 and gave the company a "buy" rating in a report on Wednesday, October 9th. Bernstein Bank lifted 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. The Goldman Sachs Group lifted 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 report on Monday, September 30th. Evercore ISI lifted their target price on shares of International Business Machines from $215.00 to $240.00 and gave the company an "outperform" rating in a research report on Wednesday, September 11th. Finally, Royal Bank of Canada reiterated an "outperform" rating and issued a $250.00 target price on shares of International Business Machines in a research report on Thursday, October 24th. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $208.12.

International Business Machines Stock Up 0.0 %

The firm's fifty day simple moving average is $220.63 and its two-hundred day simple moving average is $197.69. The company has a market capitalization of $210.31 billion, a price-to-earnings ratio of 33.03, a price-to-earnings-growth ratio of 5.11 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.

International Business Machines (NYSE:IBM - Get Free Report) last released its quarterly earnings results on Wednesday, October 23rd. The technology company reported $2.30 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.27 by $0.03. The business had revenue of $14.97 billion for the quarter, compared to the consensus estimate of $15.08 billion. International Business Machines had a net margin of 10.22% and a return on equity of 40.52%. The business's revenue was up 1.5% on a year-over-year basis. During the same period in the previous year, the firm earned $2.20 EPS. Sell-side analysts anticipate that International Business Machines Co. will post 10.12 EPS for the current year.

International Business Machines Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Tuesday, November 12th will be paid a $1.67 dividend. This represents a $6.68 dividend on an annualized basis and a dividend yield of 2.94%. The ex-dividend date is Tuesday, November 12th. International Business Machines's dividend payout ratio (DPR) is 97.23%.

Insider Buying and Selling

In related news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of the company's stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $215.20, for a total transaction of $774,720.00. Following the sale, the senior vice president now directly owns 25,390 shares of the company's stock, valued at $5,463,928. This represents a 12.42 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.07% of the stock is owned by insiders.

Institutional Investors Weigh In On International Business Machines

A number of large investors have recently modified their holdings of IBM. Massmutual Trust Co. FSB ADV increased its position in shares of International Business Machines by 23.0% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 8,093 shares of the technology company's stock valued at $1,400,000 after purchasing an additional 1,513 shares during the last quarter. Bank & Trust Co purchased a new stake in shares of International Business Machines in the 2nd quarter valued at approximately $65,000. Mather Group LLC. boosted its holdings in shares of International Business Machines by 116.9% in the 2nd quarter. Mather Group LLC. now owns 10,235 shares of the technology company's stock valued at $1,955,000 after buying an additional 5,517 shares in the last quarter. Kingswood Wealth Advisors LLC boosted its holdings in shares of International Business Machines by 9.6% in the 2nd quarter. Kingswood Wealth Advisors LLC now owns 10,947 shares of the technology company's stock valued at $1,893,000 after buying an additional 955 shares in the last quarter. Finally, Astoria Portfolio Advisors LLC. boosted its holdings in shares of International Business Machines by 23.0% in the 2nd quarter. Astoria Portfolio Advisors LLC. now owns 2,884 shares of the technology company's stock valued at $499,000 after buying an additional 539 shares in the last quarter. 58.96% of the stock is owned by hedge funds and other institutional investors.

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.

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