International Business Machines (NYSE:IBM) Shares Down 1.7% – Should You Sell?

International Business Machines Corporation (NYSE:IBM)’s share price fell 1.7% on Tuesday . The company traded as low as $300.42 and last traded at $303.4350. 3,364,846 shares changed hands during trading, a decline of 30% from the average session volume of 4,794,810 shares. The stock had previously closed at $308.66.

Analyst Ratings Changes

Several analysts have issued reports on IBM shares. Erste Group Bank upgraded shares of International Business Machines from a “hold” rating to a “buy” rating in a research note on Friday, December 5th. Bank of America upped their target price on International Business Machines from $310.00 to $315.00 and gave the stock a “buy” rating in a research note on Thursday, October 23rd. Stifel Nicolaus lifted their price target on International Business Machines from $295.00 to $325.00 and gave the company a “buy” rating in a research report on Tuesday, December 9th. Royal Bank Of Canada decreased their price objective on shares of International Business Machines from $315.00 to $300.00 and set an “outperform” rating on the stock in a research report on Thursday, October 23rd. Finally, BMO Capital Markets boosted their price target on shares of International Business Machines from $300.00 to $305.00 and gave the stock a “market perform” rating in a research note on Thursday, October 23rd. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, International Business Machines has an average rating of “Moderate Buy” and a consensus target price of $293.38.

International Business Machines Stock Down 1.7%

The company has a market cap of $283.63 billion, a P/E ratio of 36.30, a P/E/G ratio of 3.08 and a beta of 0.69. The stock has a 50-day moving average of $299.86 and a two-hundred day moving average of $278.67. The company has a debt-to-equity ratio of 1.97, a quick ratio of 0.89 and a current ratio of 0.93.

International Business Machines (NYSE:IBM) last posted its quarterly earnings results on Wednesday, October 22nd. The technology company reported $2.65 EPS for the quarter, topping the consensus estimate of $2.45 by $0.20. The firm had revenue of $16.33 billion for the quarter, compared to the consensus estimate of $16.10 billion. International Business Machines had a net margin of 12.09% and a return on equity of 37.76%. The business’s revenue was up 9.1% compared to the same quarter last year. During the same period last year, the firm posted $2.30 earnings per share. On average, research analysts anticipate that International Business Machines Corporation will post 10.78 EPS for the current fiscal year.

International Business Machines Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 10th. Shareholders of record on Monday, November 10th were given a dividend of $1.68 per share. This represents a $6.72 annualized dividend and a yield of 2.2%. The ex-dividend date was Monday, November 10th. International Business Machines’s dividend payout ratio is presently 80.38%.

Institutional Investors Weigh In On International Business Machines

A number of hedge funds and other institutional investors have recently modified their holdings of IBM. Family CFO Inc purchased a new position in International Business Machines in the 2nd quarter worth approximately $25,000. Winnow Wealth LLC bought a new position in shares of International Business Machines in the second quarter worth approximately $27,000. Mountain Hill Investment Partners Corp. bought a new position in shares of International Business Machines in the third quarter worth approximately $28,000. SWAN Capital LLC purchased a new position in shares of International Business Machines in the third quarter worth $28,000. Finally, Highline Wealth Partners LLC raised its holdings 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 valued at $33,000 after buying an additional 51 shares during 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.