Dimensional Fund Advisors LP Purchases 304,390 Shares of International Business Machines Co. (NYSE:IBM)

Dimensional Fund Advisors LP boosted its stake in shares of International Business Machines Co. (NYSE:IBM - Free Report) by 6.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,796,206 shares of the technology company's stock after buying an additional 304,390 shares during the quarter. Dimensional Fund Advisors LP owned 0.52% of International Business Machines worth $829,431,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Arden Trust Co increased its stake in shares of International Business Machines by 2.8% in the first quarter. Arden Trust Co now owns 1,973 shares of the technology company's stock worth $377,000 after buying an additional 54 shares during the last quarter. Armbruster Capital Management Inc. raised its stake in shares of International Business Machines by 2.3% in the 2nd quarter. Armbruster Capital Management Inc. now owns 2,500 shares of the technology company's stock valued at $432,000 after purchasing an additional 56 shares in the last quarter. CVA Family Office LLC lifted its position in shares of International Business Machines by 3.3% during the second quarter. CVA Family Office LLC now owns 1,796 shares of the technology company's stock worth $311,000 after purchasing an additional 57 shares during the last quarter. Chicago Partners Investment Group LLC grew its stake in International Business Machines by 0.8% in the fourth quarter. Chicago Partners Investment Group LLC now owns 7,528 shares of the technology company's stock worth $1,309,000 after purchasing an additional 58 shares in the last quarter. Finally, Peddock Capital Advisors LLC grew its position in shares of International Business Machines by 0.6% in the 2nd quarter. Peddock Capital Advisors LLC now owns 10,040 shares of the technology company's stock worth $1,736,000 after acquiring an additional 58 shares in the last quarter. Hedge funds and other institutional investors own 58.96% of the company's stock.

International Business Machines Stock Performance

IBM stock traded up $2.50 on Monday, reaching $217.29. 3,262,445 shares of the company were exchanged, compared to its average volume of 4,220,798. International Business Machines Co. has a 12 month low of $135.87 and a 12 month high of $217.86. The firm has a market capitalization of $200.16 billion, a PE ratio of 24.61, a PEG ratio of 4.67 and a beta of 0.70. The stock's fifty day moving average price is $192.83 and its 200 day moving average price is $183.37. 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 - Get Free Report) last released its quarterly earnings results on Wednesday, July 24th. The technology company reported $2.43 EPS for the quarter, beating analysts' consensus estimates of $2.16 by $0.27. The firm had revenue of $15.77 billion for the quarter, compared to analyst estimates of $15.62 billion. International Business Machines had a net margin of 13.52% and a return on equity of 40.59%. The company's revenue for the quarter was up 1.9% compared to the same quarter last year. During the same period in the previous year, the business earned $2.18 earnings per share. On average, research analysts anticipate that International Business Machines Co. will post 10.1 EPS for the current fiscal year.

International Business Machines Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Friday, August 9th were paid a $1.67 dividend. This represents a $6.68 annualized dividend and a yield of 3.07%. The ex-dividend date of this dividend was Friday, August 9th. International Business Machines's payout ratio is 75.65%.

Analyst Upgrades and Downgrades

A number of research firms have commented on IBM. Hsbc Global Res raised shares of International Business Machines to a "moderate sell" rating in a report on Friday, July 26th. The Goldman Sachs Group started coverage on International Business Machines in a report on Monday, June 24th. They set a "buy" rating and a $200.00 price target on the stock. Evercore ISI increased 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. StockNews.com raised shares of International Business Machines from a "hold" rating to a "buy" rating in a report on Wednesday, June 19th. Finally, Stifel Nicolaus boosted their target price on shares of International Business Machines from $190.00 to $205.00 and gave the stock a "buy" rating in a report on Thursday, July 25th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $188.60.

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.