International Business Machines (NYSE:IBM) Stock Price Down 1.4% – Time to Sell?

International Business Machines Corporation (NYSE:IBM)’s stock price dropped 1.4% during mid-day trading on Tuesday . The stock traded as low as $296.00 and last traded at $300.4180. Approximately 5,190,316 shares changed hands during mid-day trading, an increase of 6% from the average daily volume of 4,903,880 shares. The stock had previously closed at $304.73.

Wall Street Analysts Forecast Growth

IBM has been the subject of several recent research reports. Wall Street Zen raised shares of International Business Machines from a “hold” rating to a “buy” rating in a research report on Sunday, October 26th. UBS Group increased their price objective on shares of International Business Machines from $200.00 to $210.00 and gave the company a “sell” rating in a research report on Thursday, October 23rd. Sanford C. Bernstein initiated coverage on shares of International Business Machines in a research report on Monday, September 15th. They issued a “market perform” rating and a $280.00 price objective for the company. BMO Capital Markets increased their price objective on shares of International Business Machines from $300.00 to $305.00 and gave the company a “market perform” rating in a research report on Thursday, October 23rd. Finally, Royal Bank Of Canada lowered their price objective on shares of International Business Machines from $315.00 to $300.00 and set an “outperform” rating for the company in a research report on Thursday, October 23rd. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $288.00.

International Business Machines Trading Down 1.4%

The company has a quick ratio of 0.89, a current ratio of 0.93 and a debt-to-equity ratio of 1.97. The business’s 50 day moving average is $274.46 and its 200-day moving average is $267.32. The firm has a market cap of $280.81 billion, a P/E ratio of 35.94, a price-to-earnings-growth ratio of 4.33 and a beta of 0.73.

International Business Machines (NYSE:IBM) last issued its quarterly earnings results on Wednesday, October 22nd. The technology company reported $2.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.45 by $0.20. The business had revenue of $16.33 billion during the quarter, compared to analyst estimates 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 quarter in the previous year, the firm earned $2.30 earnings per share. International Business Machines has set its FY 2025 guidance at EPS. As a group, analysts forecast that International Business Machines Corporation will post 10.78 earnings per share for the current fiscal year.

International Business Machines Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Monday, November 10th will be issued a $1.68 dividend. This represents a $6.72 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend is Monday, November 10th. International Business Machines’s payout ratio is currently 80.38%.

Hedge Funds Weigh In On International Business Machines

A number of hedge funds have recently added to or reduced their stakes in the business. Telos Capital Management Inc. boosted its holdings in International Business Machines by 5.5% in the third quarter. Telos Capital Management Inc. now owns 8,223 shares of the technology company’s stock worth $2,320,000 after purchasing an additional 429 shares during the period. Ashton Thomas Private Wealth LLC boosted its holdings in International Business Machines by 37.2% in the third quarter. Ashton Thomas Private Wealth LLC now owns 20,915 shares of the technology company’s stock worth $5,901,000 after purchasing an additional 5,676 shares during the period. Atala Financial Inc boosted its holdings in International Business Machines by 0.4% in the third quarter. Atala Financial Inc now owns 20,647 shares of the technology company’s stock worth $5,826,000 after purchasing an additional 85 shares during the period. Penserra Capital Management LLC boosted its holdings in International Business Machines by 37.2% in the third quarter. Penserra Capital Management LLC now owns 111,117 shares of the technology company’s stock worth $31,350,000 after purchasing an additional 30,119 shares during the period. Finally, Adell Harriman & Carpenter Inc. boosted its holdings in International Business Machines by 4.7% in the third quarter. Adell Harriman & Carpenter Inc. now owns 68,067 shares of the technology company’s stock worth $19,206,000 after purchasing an additional 3,039 shares during the period. Institutional investors and hedge funds 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.