Mercer Global Advisors Inc. ADV Has $33.21 Million Stake in International Business Machines Co. (NYSE:IBM)

Mercer Global Advisors Inc. ADV increased its stake in International Business Machines Co. (NYSE:IBM - Free Report) by 3.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 199,859 shares of the technology company's stock after purchasing an additional 6,885 shares during the period. Mercer Global Advisors Inc. ADV's holdings in International Business Machines were worth $33,213,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in IBM. Mosley Wealth Management acquired a new stake in International Business Machines in the 4th quarter valued at approximately $312,000. Hodges Capital Management Inc. lifted its stake in shares of International Business Machines by 60.8% in the 1st quarter. Hodges Capital Management Inc. now owns 20,535 shares of the technology company's stock worth $3,921,000 after acquiring an additional 7,768 shares during the period. Burns J W & Co. Inc. NY increased its stake in shares of International Business Machines by 10.8% during the first quarter. Burns J W & Co. Inc. NY now owns 2,571 shares of the technology company's stock valued at $491,000 after acquiring an additional 250 shares during the period. 1832 Asset Management L.P. bought a new stake in International Business Machines during the fourth quarter worth approximately $3,017,000. Finally, Westwood Holdings Group Inc. lifted its position in International Business Machines by 19.9% in the fourth quarter. Westwood Holdings Group Inc. now owns 115,321 shares of the technology company's stock worth $18,861,000 after purchasing an additional 19,175 shares during the period. 58.96% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

IBM has been the topic of a number of research analyst reports. StockNews.com raised International Business Machines from a "hold" rating to a "buy" rating in a report on Wednesday, June 19th. Stifel Nicolaus raised 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. Royal Bank of Canada upped their price target on International Business Machines from $200.00 to $211.00 and gave the company an "outperform" rating in a report on Thursday, July 25th. Jefferies Financial Group upped their price target on International Business Machines from $190.00 to $200.00 and gave the company a "hold" rating in a report on Thursday, July 25th. Finally, Hsbc Global Res raised International Business Machines to a "moderate sell" rating in a report on Friday, July 26th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $188.60.

International Business Machines Stock Down 0.7 %

Shares of NYSE:IBM traded down $1.59 on Thursday, reaching $213.35. The company had a trading volume of 3,393,620 shares, compared to its average volume of 4,225,013. International Business Machines Co. has a twelve month low of $135.87 and a twelve month high of $218.84. The stock has a 50-day moving average price of $195.11 and a 200 day moving average price of $184.00. The stock has a market capitalization of $195.98 billion, a P/E ratio of 24.12, a P/E/G ratio of 4.67 and a beta of 0.70. The company has a quick ratio of 1.08, a current ratio of 1.12 and a debt-to-equity ratio of 2.20.

International Business Machines (NYSE:IBM - Get Free Report) last announced its quarterly earnings results on Wednesday, July 24th. The technology company reported $2.43 earnings per share for the quarter, topping analysts' consensus estimates 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 company had revenue of $15.77 billion during the quarter, compared to analysts' expectations of $15.62 billion. During the same quarter in the previous year, the firm earned $2.18 earnings per share. The business's quarterly revenue was up 1.9% compared to the same quarter last year. On average, equities analysts expect that International Business Machines Co. will post 10.1 EPS for the current year.

International Business Machines Announces Dividend

The firm also recently announced 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 dividend on an annualized basis and a yield of 3.13%. The ex-dividend date was Friday, August 9th. International Business Machines's dividend payout ratio (DPR) is currently 75.65%.

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.