ProShare Advisors LLC Buys 12,937 Shares of International Business Machines Co. (NYSE:IBM)

ProShare Advisors LLC lifted its stake in shares of International Business Machines Co. (NYSE:IBM) by 1.0% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,288,227 shares of the technology company’s stock after purchasing an additional 12,937 shares during the quarter. ProShare Advisors LLC owned 0.14% of International Business Machines worth $222,799,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. FPC Investment Advisory Inc. bought a new position in International Business Machines in the 1st quarter worth about $26,000. ESL Trust Services LLC bought a new position in International Business Machines in the 1st quarter worth about $28,000. Creekmur Asset Management LLC bought a new position in International Business Machines in the 4th quarter worth about $29,000. Ables Iannone Moore & Associates Inc. bought a new position in International Business Machines in the 4th quarter worth about $31,000. Finally, Financial Synergies Wealth Advisors Inc. increased its stake in International Business Machines by 164.0% in the 1st quarter. Financial Synergies Wealth Advisors Inc. now owns 198 shares of the technology company’s stock worth $38,000 after acquiring an additional 123 shares during the last quarter. 58.96% of the stock is currently owned by institutional investors.

International Business Machines Trading Up 1.8 %

Shares of IBM stock opened at $217.70 on Friday. The stock has a market capitalization of $199.98 billion, a PE ratio of 24.65, a P/E/G ratio of 4.67 and a beta of 0.70. International Business Machines Co. has a 1-year low of $135.87 and a 1-year high of $218.84. The business has a 50-day moving average of $196.52 and a 200 day moving average of $184.33. The company has a debt-to-equity ratio of 2.20, a current ratio of 1.12 and a quick ratio of 1.08.

International Business Machines (NYSE:IBM) last released its quarterly earnings data on Wednesday, July 24th. The technology company reported $2.43 earnings per share for the quarter, topping the consensus estimate of $2.16 by $0.27. International Business Machines had a return on equity of 40.59% and a net margin of 13.52%. The business had revenue of $15.77 billion during the quarter, compared to analysts’ expectations of $15.62 billion. During the same quarter last year, the business posted $2.18 EPS. The business’s revenue was up 1.9% on a year-over-year basis. As a group, sell-side analysts anticipate that International Business Machines Co. will post 10.1 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, September 10th. Shareholders of record on Friday, August 9th were issued a $1.67 dividend. This represents a $6.68 annualized dividend and a yield of 3.07%. The ex-dividend date was Friday, August 9th. International Business Machines’s dividend payout ratio (DPR) is currently 75.65%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on IBM. Stifel Nicolaus upped their target price on International Business Machines from $190.00 to $205.00 and gave the stock a “buy” rating in a research note on Thursday, July 25th. Hsbc Global Res upgraded International Business Machines to a “moderate sell” rating in a research note on Friday, July 26th. StockNews.com upgraded International Business Machines from a “hold” rating to a “buy” rating in a report on Wednesday, June 19th. Jefferies Financial Group upped their price objective on International Business Machines from $190.00 to $200.00 and gave the stock a “hold” rating in a report on Thursday, July 25th. Finally, The Goldman Sachs Group began coverage on International Business Machines in a report on Monday, June 24th. They issued a “buy” rating and a $200.00 price objective for the company. Three research analysts have rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $188.60.

International Business Machines 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.