Dimensional Fund Advisors LP Purchases 24,790 Shares of International Business Machines Corporation (NYSE:IBM)

Key Points

• Dimensional Fund Advisors LP increased its stake in International Business Machines Corporation (IBM) by 0.5%, holding over 5 million shares, worth approximately $1.27 billion.
• Several hedge funds have modified their holdings in IBM, with institutional investors now owning 58.96% of the company's stock.
• IBM reported earnings per share of $2.80 in its last quarter, exceeding analyst expectations of $2.65, and demonstrating a 7.7% revenue increase year-over-year.

Dimensional Fund Advisors LP grew its stake in shares of International Business Machines Corporation (NYSE:IBM - Free Report) by 0.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,108,455 shares of the technology company's stock after acquiring an additional 24,790 shares during the period. Dimensional Fund Advisors LP owned 0.55% of International Business Machines worth $1,270,022,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in IBM. Capital World Investors increased its holdings in International Business Machines by 413.5% in the fourth quarter. Capital World Investors now owns 11,984,609 shares of the technology company's stock valued at $2,634,577,000 after purchasing an additional 9,650,534 shares during the period. GAMMA Investing LLC increased its holdings in International Business Machines by 29,564.2% in the first quarter. GAMMA Investing LLC now owns 4,399,790 shares of the technology company's stock valued at $10,940,520,000 after purchasing an additional 4,384,958 shares during the period. GQG Partners LLC acquired a new stake in International Business Machines in the first quarter valued at $1,040,057,000. Nuveen LLC acquired a new stake in International Business Machines in the first quarter valued at $960,386,000. Finally, Northern Trust Corp increased its holdings in International Business Machines by 18.6% in the fourth quarter. Northern Trust Corp now owns 10,845,993 shares of the technology company's stock valued at $2,384,275,000 after purchasing an additional 1,704,209 shares during the period. 58.96% of the stock is currently owned by institutional investors and hedge funds.

International Business Machines Trading Up 1.1%

NYSE IBM traded up $2.64 during trading on Friday, hitting $239.75. 4,339,819 shares of the company's stock traded hands, compared to its average volume of 6,855,263. The stock has a fifty day moving average of $273.29 and a two-hundred day moving average of $258.46. The company has a debt-to-equity ratio of 2.00, a current ratio of 0.91 and a quick ratio of 0.87. International Business Machines Corporation has a 12-month low of $192.86 and a 12-month high of $296.16. The firm has a market cap of $222.82 billion, a P/E ratio of 38.92, a PEG ratio of 3.65 and a beta of 0.69.

International Business Machines (NYSE:IBM - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The technology company reported $2.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.65 by $0.15. International Business Machines had a net margin of 9.11% and a return on equity of 37.62%. The business had revenue of $16.98 billion during the quarter, compared to analyst estimates of $16.58 billion. During the same period in the prior year, the business posted $2.43 earnings per share. The company's revenue was up 7.7% on a year-over-year basis. As a group, sell-side analysts expect that International Business Machines Corporation will post 10.78 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on IBM. BMO Capital Markets increased their price objective on International Business Machines from $260.00 to $300.00 and gave the company a "market perform" rating in a report on Friday, July 18th. Melius Research raised shares of International Business Machines to a "strong-buy" rating in a research report on Monday, July 7th. Bank of America cut their price objective on shares of International Business Machines from $320.00 to $310.00 and set a "buy" rating on the stock in a research report on Thursday, July 24th. Wall Street Zen upgraded shares of International Business Machines from a "hold" rating to a "buy" rating in a report on Saturday, July 26th. Finally, Jefferies Financial Group restated a "hold" rating on shares of International Business Machines in a research note on Wednesday, April 23rd. One research analyst has rated the stock with a sell rating, nine have given a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $268.75.

About International Business Machines

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.